ISSUE NO. 07 · 2026
BROADStreet
Building Rental Activity
FiDi Sales Report
FiDi Rental Report
Two sales closed this quarter, and total volume fell to $3,410,000 — down about 18% from Q1.
The two don't set a shared floor. The 3-bed at 1900 sold for $2,150,000 at $1,017 a foot; the 1 bed / 1 HO at 2822 for $1,260,000 at $1,217. The larger unit brought more money at a lower per-foot — ordinary, but it means neither sale tells you what the other kind of unit is worth. Pace split the same way: 69 days for the smaller, 114 for the 3-bed. Sale-to-list held at 90%, discount at 3.6%.
Don't lean on the median or the year-over-year. Two sales this quarter, two last — no trend in four transactions.
Bottom line — At two sales there's no building price, and per foot moves with unit size, so a neighbor's number won't give you yours. What your unit is worth turns on size, floor, and layout — priced individually, against the neighborhood, not against these two.
Seven leases this quarter, and the average signed in eight days.
Speed is the read. Every unit leased inside three weeks, most within two — 8 days on market on average, against 15 in Q1. Absorption is fast and demand is deep across unit types.
Rents held steady. The median came in at $6,000, the average at $6,736 — close together, no single tier distorting the picture. Studios leased around $4,400 to $4,500, the larger units well above. The $6,000 up 4% from Q1 is a modest, real move, not a mix illusion.
Bottom line — A landlord's quarter, carried by speed more than price. Units are leasing quickly at firm rents across the board. If you're holding empty, the demand is there and the wait is short — price to type and it moves.
| Apt | Size | Sold | DOM | Date |
|---|---|---|---|---|
| 1900 | 3 Bed | $2,150,000 $1,017/SF |
114 | Jun 15 |
| 2822 | 1 Bed / 1 H.O. | $1,260,000 $1,217/SF |
69 | May 15 |
| Apt | Size | Last Asking | DOM | Leased |
|---|---|---|---|---|
| 2522 | Studio | $4,500 |
18 | Jun 12 |
| 3214 | 1 Bed / 1 H.O. | $6,750 |
2 | Jun 1 |
| 702 | 2 Bed | $9,250 |
6 | May 22 |
| 1512 | 1 Bed / 1 H.O. | $11,750 |
11 | Apr 23 |
| 2108 | Studio | $4,500 |
6 | Apr 14 |
| 928 | 1 H.O. | $6,000 |
12 | Apr 8 |
| 1828 | Studio | $4,400 |
4 | Apr 7 |
Ninety-five closings, and the median barely moved. FiDi gave back almost nothing on price this quarter. The median sale held at $1.45M. Per foot came in at $1,424 — flat against Q1's $1,473, a soft step down, not a slide.
What moved was time. Days on market stretched to 103 from 89. Ten months of supply now sits on the market. Buyers have room, and they're using it.
But the listing discount held at 3.3%. That's the number that matters. In a quarter where pace loosened, sellers still closed within a hair of ask. The market slowed without giving ground on price.
So read it plainly. If you're holding, the value is intact and you can wait out a longer sale. If you're selling, price it right and expect patience, not a discount war.
Bottom line — Prices are steady; time is the cost now. Know your number before you need it, because the slower market rewards the seller who isn't in a hurry.
Four hundred eighteen units rented, up from 366. The sales market slowed this quarter. The rental market did the opposite.
Demand tightened hard. Days on market fell to 24 from 39 — units are leasing in roughly three weeks. Supply sits at 2.45 months. That's a landlord's number.
Price held where it counts. The median came in at $4,862, essentially flat to Q1's $4,874. The average climbed to $5,781 from $5,586, which tells you the strength is at the top — larger and higher-end units are pulling harder than the middle.
So read it by what you own. If you're renting out, you have leverage: less time vacant, firm pricing, a deep tenant pool. If you've been weighing sell-versus-rent, this quarter argues for rent. The carrying math just got easier.
Bottom line — The rental market is the strong half of FiDi right now. Fast absorption, steady median, real pull at the high end. If your unit is sitting empty, it shouldn't be for long — and it shouldn't be underpriced.
New York, NY 10003