ISSUE NO. 06 · 2026
CLUB Residences
Building Rental Activity
FiDi 30-Day Sales Report
FiDi 30-Day Rental Report
February held steady at 88 Greenwich, with two studios entering contract as buyers zeroed in on well-priced entry opportunities. Demand remains strongest below $700K, where clear value is driving faster decisions.
There are 11 homes currently on the market, from a $650K studio to a $1.5M two-bedroom. Pricing ranges from $976 to $1,463 per square foot, with clear variation by size and positioning. Sellers are adjusting to stay competitive: #2704 (1BR) −$30K (−3%), #604 (2BR) −$60K (−4%), and #2303 (2BR) −$200K (−12%). This is a market that rewards accurate pricing.
Studios are driving activity, with recent contracts at $545K and $620K — clear proof of where buyers see value. One-bedrooms are moving selectively, while the two-bedroom segment is recalibrating as sellers adjust expectations.
Bottom line — the building is active, and pricing is decisive. As we enter the spring market, buyers are engaged and ready to act, but only units aligned with market reality are moving.
Leasing at 88 Greenwich stayed active over the past month, with three studios going into contract — #426 at $3,150, #529 at $3,600, and #822 at $3,995. Well-priced studios are continuing to move quickly as renters get ahead of the spring season.
There are currently four units available, priced between $3,450 and $4,975. Studios range from $3,450 (#512, reduced $150 or −4%) to $4,500. The one-bedrooms are asking $4,598 (#325, recently reduced $1,402 or −23%) and $4,975 for #608. The adjustment on #325 is a clear move to realign with where the market is.
Studios are leading the activity, especially in the mid-$3K range. One-bedrooms are competitive and tend to lease efficiently when priced in line with current demand.
Bottom line — as we head into spring, the rental market is tightening. Demand is steady, and when pricing makes sense, units are moving with minimal friction.
| APT | TYPE | ASKING PRICE | SQ FT | $ / SF | PRICE CHANGE |
|---|---|---|---|---|---|
| 3103 | STUDIO | $650,000 | 444 | $1,463 | — |
| 724 | STUDIO | $699,000 | 606 | $1,153 | — |
| 721 | STUDIO | $700,000 | 671 | $1,043 | — |
| 1014 | STUDIO | $718,000 | 735 | $976 | — |
| 1702 | STUDIO | $738,000 | 542 | $1,361 | — |
| 1019 | STUDIO | $800,000 | 654 | $1,223 | — |
| 325 | STUDIO | $898,000 | 845 | $1,062 | — |
| 2704 | 1 BED | $959,000 | 759 | $1,263 | $30,000 (−3%) |
| 1704 | 1 BED | $1,045,000 | 782 | $1,336 | — |
| 604 | 2 BED | $1,389,000 | 1,213 | $1,145 | $60,000 (−4%) |
| 2303 | 2 BED | $1,500,000 | 1,170 | $1,282 | $200,000 (−12%) |
| APT | TYPE | LAST ASKING PRICE | SQ FT | $ / SF | CONTRACT DATE |
|---|---|---|---|---|---|
| 411 | STUDIO | $545,000 | 515 | $1,058 | 12 / 24 / 2025 |
| 424 | STUDIO | $620,000 | 606 | $1,023 | 01 / 16 / 2026 |
| APT | TYPE | MONTHLY RENT | SQ FT | PRICE CHANGE |
|---|---|---|---|---|
| 512 | STUDIO | $3,450 | 518 | $150 (−4%) |
| 724 | STUDIO | $4,500 | 606 | — |
| 325 | 1 BED | $4,598 | 845 | $1,402 (−23%) |
| 608 | 1 BED | $4,975 | 778 | — |
| APT | TYPE | LAST ASKING RENT | SQ FT | CONTRACT DATE |
|---|---|---|---|---|
| 426 | STUDIO | $3,150 | 600 | 02 / 26 / 2026 |
| 529 | STUDIO | $3,600 | 618 | 02 / 25 / 2026 |
| 822 | STUDIO | $3,995 | 718 | 02 / 17 / 2026 |
February in FiDi showed steady dollar volume with more selective deal flow. There were 21 closings, generating $46M in total sales volume. While transaction count remained moderate, capital deployment stayed consistent — pointing to committed buyers, just fewer of them.
The average price per square foot registered at $1,660, reflecting continued strength in quality product, while the average sale price climbed to $2.19M, suggesting a meaningful concentration of mid- and upper-tier closings. Buyers are still writing checks — but for the right assets.
Days on market averaged 115, reflecting longer decision cycles, while 313 active listings keep supply elevated and competition strong across price tiers.
Bottom line — February shows a stable but disciplined market. Steady volume, firm upper-end pricing, and patient buyers negotiating as we head into spring.
Leasing activity in FiDi remained steady, with 136 units rented and another 107 currently in contract — clear evidence that renter demand is active as we transition out of winter.
The average rent came in at $5,191, with a median of $4,757, reflecting balanced pricing across both mid-range and higher-end product. This suggests stable absorption without significant upward or downward pressure on rents.
Days on market averaged 42, indicating a moderate decision timeline, while 292 active listings keep supply elevated but not excessive relative to current leasing velocity.
Bottom line — February reflects a stable rental market. Consistent demand, steady pricing, and healthy contract activity as FiDi heads toward the spring cycle.
New York, NY 10003