ISSUE NO. 07 · 2026
CLUBResidences
Three units closed at 88 Greenwich this quarter — apartments 1702, 2704, and 424 — for a combined $2.22 million. In a building this size, that is the picture in a single glance, and if you own here, it is your picture: a small number of transactions, each one a real signal about what your unit is worth right now.
The median sale price came in at $670,000, and closings landed at 94% of asking — sellers here are getting nearly their full number. That figure matters more than any list price, because it tells you what buyers actually paid, not what owners hoped for. The spread of prices, from $595,000 to $959,000, tracked unit size and floor closely: in this building, what a unit sells for comes down to its specific position — and the judgment to price it where the market actually is.
Here is what 170 average days on market is also telling you: buyers took their time, and the sellers who closed did so because they priced with precision rather than waiting for the market to come to them. A 3.6% gap between ask and sale is narrow — this is not a market that punishes ownership. It is a market that rewards pricing a unit honestly from the start.
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.
Eight units leased at 88 Greenwich this quarter — an even split, four studios and four one-bedrooms — for $36,145 in combined monthly rent. That balance matters: it means demand this quarter was not concentrated in one unit type but spread across the building, which is the healthiest pattern an owner can ask for.
Median rent landed at $4,600, with the average just below at $4,518 — the two figures sitting close together tells you the leases clustered tightly rather than splitting into haves and have-nots. Rents ranged from $3,400 to $5,400, tracking size and floor as you would expect. What a unit leases for here comes down to its specific position — and pricing it where the market actually is, not where last year's rent sat.
The pace tells the real story: units leased in an average of just 8 days. That is a market moving decisively. When well-priced units are clearing in barely over a week, the cost of overpricing is not a lower rent — it is weeks of vacancy that no eventual lease ever recovers. Priced right, a unit in this building leases almost immediately.
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.
| 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 |
FiDi condominiums generated $56.6 million across 34 closings this quarter. 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 this quarter. 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