15 Broad
Street
Two closed. Four signed. Five withdrew.
Two closed. Four signed.
Five withdrew.
Two sales closed at 15 Broad this quarter — a three-bedroom in seven weeks at 3.7% under ask, and a one-bedroom with a home office after eight months and a price cut — while four more units went to contract and five listings came off the market unsold. Three leases signed, all in July: two studios and a two-home-office unit, at $4,500 to $6,500, and nothing has signed since. Across the Financial District the median fell 31% because smaller apartments sold, while price per foot held.
By unit type, to sell and to rent
What each type actually cleared for in the building this quarter — closed sales and signed leases, not asking prices. Read the line that is yours.
Studio
One Home Office
Two Home Office
One Bedroom
One Bedroom + Home Office
One Bedroom + Two Home Office
Two Bedroom
Three Bedroom
Ranges are the closed sales and signed leases at 15 Broad, July 1 – September 30 2026, by unit type. Rents are last asking rents. Days are days on market. Each figure is one of the transactions listed in the detail tables below.
Two closings,
four contracts
Two sales closed. #2300, a three-bedroom of 1,945 square feet, went for $2,110,000 on July 1 — 49 days on the market, 3.7% under its $2,190,000 ask, $1,085 a foot. #2506, a one-bedroom with a home office, 1,319 square feet, went for $1,285,000 on July 31 at its reduced asking price, after 245 days and a cut from $1,350,000 — $974 a foot.
The median reads $1,697,500, the midpoint of two apartments of two different sizes — read the per-foot numbers, not the median. The two closings show the pattern: priced near the market, #2300 closed in seven weeks; priced above it, #2506 took eight months and a 5% cut to get there. Across the two, the listing discount was 1.8% and sale-to-list 96%; the spring's four closings had given up 7.2% and closed at 89% of their original asks.
Then the board. Four units went to contract during the quarter — on July 30, August 12, September 3 and September 25 — at asking prices of $1,095,000 to $1,800,000, two of them after cuts: a studio, a one-home-office unit, and two one-bedrooms with home offices. Five listings came off the market unsold, asking $1,195,000 to $3,488,000. Nine remain for sale at quarter end: a studio at $775,000, two one-home-office units at $889,000 and $1,295,000, three two-home-office units at $1,095,000 to $1,100,000, a one-bedroom at $1,300,000, and two two-bedrooms at $1,950,000 and $2,975,000. Four of the nine have cut their price and have been listed since January, March, April and May; two arrived in the last ten days of September.
Across the Financial District, 89 sales closed at a median down 31% to $990,000 — smaller apartments sold — while price per foot held at $1,348 and days on market fell to 87 from 148. The building's two closings ran $974 and $1,085 a foot, below the neighborhood average, as they usually do here.
So read it by what you own. A three-bedroom priced to the comps closed in seven weeks. A one-bedroom with a home office found its buyer only after it met the market. The small layouts — the studio and the home-office units — are six of the nine listings, four of them already cut: the most crowded shelf in the building.
Six units found buyers this quarter — two closed, four signed — and five sellers gave up. The difference was the number, not the market: #2300 at 3.7% under ask in 49 days, #2506 after a cut and 245. If you're selling, price to the closings, especially a small layout: you're one of six.
Closed salesJul – Sep 2026 · 2
| Apt | Size | Sold | DOM | Date |
|---|---|---|---|---|
| 2506 | 1 Bed / 1 H.O. | $1,285,000$974/SF | 245 | Jul 31 |
| 2300 | 3 Bed | $2,110,000$1,085/SF | 49 | Jul 1 |
How these numbers are computed
Closed sales are recorded sales at 15 Broad with a closing date inside the quarter. The median is the middle sale price. Days on market run from the listing date to the contract date. The listing discount is the average gap between the last asking price and the sale price; sale-to-list is the sale price as a share of the original asking price. Price per square foot uses each unit's recorded square footage. Rents are the last asking rent of each signed lease.
Financial District figures are the neighborhood's closed sales and signed leases in the quarter. Months of supply is the number of active listings divided by the quarter's closings per month. Average days on market and the listing discount leave out closings recorded with no market time. Nothing in this report is estimated.
Three leases,
all in July
Three leases signed this quarter, down from seven in the spring, and all three were signed in July: two studios and a two-home-office unit. #1222, a 721-square-foot studio, took $4,500 in 11 days. #1601, 734 square feet, took $5,200 in 58 days. #1906, a two-home-office unit of 1,077 square feet, took $6,500 in 26 days. Nothing signed in August or September.
The median reads $5,200 against $6,000 in the spring, and the average $5,400 against $6,736 — mix, not a rent cut: the spring's seven leases ran from $4,400 studios to an $11,750 one-bedroom with a home office; this quarter had small layouts only. Studio for studio, the numbers held — $4,500 and $5,200 against the spring's $4,400 and $4,500 — and the two-home-office unit's $6,500 sits above the spring's one-home-office leases at $4,500 and $6,000. Days on market averaged 32, against 8, with #1601's 58 days carrying most of that.
One unit is listed for rent at quarter end: #1630, a 1,418-square-foot two-home-office unit asking $7,000 since September 10 — and asking $1,100,000 for sale at the same time, down from $1,200,000. One owner, both doors open.
Across the Financial District, 553 leases signed, a third more than the spring, at a $5,000 median and 21 days, on 1.74 months of supply. The building's three leases cleared $4,500 to $6,500 against that median — its larger small layouts rent above the neighborhood's typical apartment.
A thin quarter on the rental side: three leases, all in July, at $4,500 to $6,500. The rents held by layout; the volume didn't come. If a unit is empty, the neighborhood is leasing in three weeks at firmer numbers — price it to its layout and it should move.
Signed leasesJul – Sep 2026 · 3
| Apt | Size | Last asking | DOM | Leased |
|---|---|---|---|---|
| 1906 | 2 H.O. | $6,500 | 26 | Jul 22 |
| 1601 | Studio | $5,200 | 58 | Jul 7 |
| 1222 | Studio | $4,500 | 11 | Jul 3 |
Two ways to read
your unit
This quarter answered the selling question with a number, not a trend. Buyers were here — six units found one, two closed and four signed — but only at prices near the comps: #2300 cleared in 49 days at 3.7% under ask, #2506 needed a cut and eight months, and five sellers came off the market with nothing. If you're selling, your competition is the board, and for a small layout the board is six deep with four price cuts on it. If you're holding, the rental side was quiet — three leases, all in July — but the Financial District leased a third more units than the spring in three weeks each, so an empty unit priced to its layout should not stay empty. The owner of #1630 is testing both answers at once, at $1,100,000 and $7,000 a month; the next quarter will say which door opened.
The mix moved.
The price didn't.
Eighty-nine closings, one more than last quarter — and a median that fell 31% to $990,000. Read that number carefully before you react to it, because it isn't a price cut.
What changed is what sold. Forty-seven of the 89 closings were under $1 million, up from 31; sales above $2 million fell from 20 to 14. Price per foot — the number that follows your apartment rather than the mix — barely moved: $1,348 against $1,369. Smaller apartments closed, at nearly the same price per foot.
And they closed faster. Days on market fell to 87 from 148. Supply eased to 9.5 months from 10.3, with 282 units active and 55 in contract. The listing discount widened a touch, to 4.4% from 3.9% — sellers gave a little more at the table, but not much.
So read it by what you own. If you hold a smaller unit, this was your quarter: the entry end of FiDi is where the buyers were, and it moved in under three months. If you hold a larger one, the headline doesn't describe your apartment — your comp is per foot, and per foot held.
The median fell because the market bought smaller, not cheaper. Per-foot pricing held within 2%, and time to sell fell by two months. Price your unit off its own comps and this is a better selling market than the headline suggests.
Peak season,
landlord's terms.
Five hundred fifty-three units rented, up from 418 in the spring. Summer is the leasing season in FiDi, and this one ran deep: a third more leases than last quarter, and they moved faster.
Days on market fell to 21 from 24. Supply tightened to 1.74 months from 2.45, with 320 units active and 70 in contract. Landlords held the pen.
Price firmed where the volume was. The median rose to $5,000 from $4,862. The average slipped slightly, to $5,702 from $5,781 — which tells you the strength moved from the top of the market to its middle. Last quarter the high end pulled; this quarter the typical apartment did.
So read it by what you own. If you're renting out a unit near the market's median, you set terms this summer: three weeks to lease, at or near ask. If you're at the top, the pool was there but it wasn't bidding up. If you've been weighing sell-versus-rent, this quarter argues for rent even harder than the last one did.
The rental market is still the strong half of FiDi, and it got stronger: a third more leases, three weeks to lease, a $5,000 median. If your unit is empty, price it at market and it won't be for long.
Beyond
the numbers
Selected sales and leases from across Manhattan, and the approach behind them.
