ISSUE NO. 07 · 2026
CLUBResidences
Building Rental Activity
FiDi Sales Report
FiDi Rental Report
Three sales closed in the building this quarter. The number to watch isn't the median — it's the spread between them.
A studio sold for $670,000 at $1,236 a foot in 105 days. Another studio sold for $595,000 at $981 a foot, and took 249 days to get there. Same building, $255 a foot apart. The one-bedroom landed at $959,000, $1,263 a foot, in 156 days.
Don't read a trend into three closings. Read the gap. The faster, higher-per-foot sale was the priced-right one. The slow one wasn't — it sat two-thirds of a year and closed soft.
Against the neighborhood, the building tracks: FiDi held its median while pace slowed, and 88 Greenwich did the same, with a 94% sale-to-list ratio across the quarter.
So the read depends on your unit, not the building average. A correctly priced studio here moves near ask in about three months. A wrong number sits.
Bottom line — At this volume there's no "building price," only your unit against the comp set. The data says the building rewards accurate pricing and punishes optimism — the difference here was real money and five extra months. Worth knowing your number before you list, not after it stalls.
Eight leases in the quarter, and the longest sat eighteen days.
This is the strong half of the building. Days on market averaged 8 — most units leased inside a week. Asking-to-lease was effectively at ask. The neighborhood tightened this quarter, and 88 Greenwich tightened harder.
The median rose to $4,600. But that's about mix, not a rent spike — Q2 leased more one-beds than Q1 did, and one-beds carry the higher number. Look at the units themselves: studios cleared roughly $3,400 to $4,000, one-beds ran $5,200 to $5,400. That's the real rent picture.
So read it by what you own. A studio leases in days around $3,400 to $4,000. A one-bed clears above $5,000 nearly as fast. Vacancy is the only real cost here, and it's short.
Bottom line — If you're holding an empty unit, this is the side of the building working in your favor. Price it to its type and it moves in a week, not a month. The demand is real — just don't read the median as the number your unit will fetch.
| Apt | Size | Sold | DOM | Date |
|---|---|---|---|---|
| 1702 | Studio | $670,000 $1,236/SF |
105 | Jun 8 |
| 2704 | 1 Bed | $959,000 $1,263/SF |
156 | May 13 |
| 424 | Studio | $595,000 $981/SF |
249 | Apr 8 |
| Apt | Size | Last Asking | DOM | Leased |
|---|---|---|---|---|
| 1215 | Studio | $4,000 |
5 | Jun 22 |
| 903 | 1 Bed | $5,300 |
7 | Jun 22 |
| 514 | Studio | $3,995 |
18 | Jun 8 |
| 629 | Studio | $3,400 |
4 | May 31 |
| 2207 | 1 Bed | $5,400 |
4 | May 20 |
| 702 | 1 Bed | $5,200 |
10 | May 20 |
| 3005 | 1 Bed | $5,250 |
6 | May 19 |
| 3103 | Studio | $3,600 |
8 | Apr 2 |
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