ISSUE NO. 06 · 2026
CLUBResidences
Twenty-two units are listed for sale at 88 Greenwich. Eight came to market this month. Three are in contract — all under $750,000, two studios and one one-bedroom. In a building this size, that is the picture in a single glance, and if you own here, it is your picture.
The median asking price is $699,500. Fourteen of the twenty-two active listings are studios — that is where supply is concentrated, and where any seller faces the most company. Six units have already cut their prices, by as much as $200,000, and the three that found buyers did one thing the rest have not: they priced where the market actually is. In this building, at this moment, what sits and what sells comes down to one thing: the right price — and the judgment to know what that is.
Here is what 133 average days on market is also telling you: buyers have options, and they are taking their time. That pace is not a verdict on the building — it is a condition of the market. Deals are getting done. The sellers who price ahead of reality are the ones still waiting. This is not a market that punishes ownership. It is a market that punishes imprecision.
Bottom line — In a building this recognizable, what separates the right move from the wrong one is your specific position — your unit, your floor, your competition. That conversation is worth having.
Two units are listed for rent at 88 Greenwich. Three more are in contract. A 60% lease-up rate looks strong — and it is — but it hides the real story: every unit under contract is a studio under $4,000, while both units still sitting are one-bedrooms above $4,500. This market is working. It is not working evenly.
Median asking rent is $4,748, and no unit has taken a reduction. But one of the two active one-bedrooms is quietly offering half a month free — a concession that never shows in the advertised rent and changes the math completely. What you ask and what you net are two different numbers, and the gap between them decides whether your unit leases in 30 days or 90.
At 36 days on market, the pace is deliberate. Studios lease without friction at the right price; one-bedrooms lease too, but slower and with concessions. Zero reductions in the active inventory means owners are holding firm — and holding firm rewards the right price as surely as it punishes the wrong one. Wait too long, and 36 days becomes 60 with the concession thrown in anyway.
Bottom line — If you own a rental unit here, the difference between a clean lease at your number and a slow grind to someone else's is a single conversation about where your unit actually sits in this market right now.
FiDi condominiums generated $56.6 million across 34 closings last month. In a Manhattan market where hesitation has become a habit, that is a meaningful number — and if you own in this neighborhood, it is your number. Buyers are here, they are closing, and the building you own in sits at the center of where that activity is happening.
The median sale price came in at $1,497,500. Average price per square foot: $1,425. What those two figures together tell you is that FiDi condo values are not drifting — they are holding at a level that reflects genuine demand from a buyer who has done the math and still sees the case for this neighborhood. You own an asset that continues to perform in a market that has been uneven almost everywhere else.
Here is what the market is also telling you: 10 months of supply means buyers have options, and they know it. At 96 days on market and a negotiation discount of −2.93% from last asking, deals are getting done.
Bottom line — If you are thinking about what your unit is worth right now — or what the right move looks like in the next six to twelve months — these numbers give you a real foundation to work from. That conversation starts whenever you are ready.
One hundred and twenty-two leases closed in FiDi last month. Seventy-four more are in contract right now. At 2.7 months of supply, this market is not balanced — it is running in your favor. If you own a rental unit in this neighborhood, that is the number that matters most.
Median rent landed at $4,672. Average rent at $5,494. That $822 spread is not noise — it reflects genuine leasing activity across every price point, from mid-market studios to larger units commanding well above $5,000 a month. The demand is not concentrated at one end. It is broad, it is active, and it is moving through inventory at 25 days on market.
Twenty-five days. That is how long units are sitting before a tenant commits. In a market with 328 active listings absorbing at that pace, landlords who price with precision are not waiting. They are choosing. The tenants are there — motivated, qualified, and not expecting to negotiate from a position of strength.
Bottom line — If your unit is sitting vacant, priced wrong, or coming up for renewal and you have not looked at what the market is actually doing right now — this is the moment. Conditions this favorable for landlords do not last indefinitely, and maximizing them is a matter of timing, positioning, and knowing exactly what your unit is worth today.
New York, NY 10003