The Edge
South Tower
Zero for sale. Sixteen leases.
Zero for sale.
Sixteen leases.
Two sales closed at The Edge South Tower this quarter, both two-bedrooms, in 32 and 35 days at 98% of ask — and the building ends the quarter with nothing listed for sale and one unit in contract. Sixteen leases signed, most inside two weeks, at a $5,700 median; studios held $4,200 to $4,300 and the penthouse PH3E took $17,500. Across Williamsburg the median rose 16% because larger apartments sold, at a price per foot up 2%.
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 Bedroom
Two Bedroom
Three Bedroom
Ranges are the closed sales and signed leases at The Edge, 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,
nothing left listed
Two sales closed, both two-bedrooms. #4P, 878 square feet, went for $1,450,000 in 35 days, $20,000 under its ask. #25D, 1,157 square feet on a high floor, went for $2,225,000 in 32 days, $70,000 under a $2,295,000 ask — and within $5,000 of what #23D, the same line two floors down, fetched in November 2024.
Days on market averaged 34, down from 57 in the spring; the listing discount was 2.2%, sale-to-list 98%. The median reads $1,837,500 against $1,243,750, but that is two two-bedrooms against a spring mix of a studio, three one-beds and two two-beds. Per foot, the building closed at $1,651 and $1,923 — at and just above the spring's $1,629 to $1,889.
What matters more is the board. Nothing is listed for sale at quarter end, and the one unit in contract, #5T, a one-bedroom asking $1,290,000, went to contract in August. Across Williamsburg, 161 sales closed at a median up 16% to $1,675,000 and a price per foot up 2% to $1,554, while time to sell stretched to 78 days from 48. The Edge sold in less than half that.
So read it by your unit. If you own a two-bedroom, you have two fresh comps at $1,651 and $1,923 a foot and no competition listed. If you own a one-bedroom or a studio, the last comps are the spring's, $1,773 to $1,837 a foot, and #5T's closing will give you the next one.
Two clean closings near ask, about a month each, and an empty board. For a seller this is the quarter to list into: no competing inventory in the building, buyers paying within 2% of ask, and a neighborhood that took a month longer to sell than The Edge did.
Closed salesJul – Sep 2026 · 2
| Apt | Size | Sold | DOM | Date |
|---|---|---|---|---|
| 25D | 2 Bed | $2,225,000$1,923/SF | 32 | Aug 20 |
| 4P | 2 Bed | $1,450,000$1,651/SF | 35 | Jul 16 |
How these numbers are computed
Closed sales are recorded sales at The Edge 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.
Williamsburg 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.
Sixteen leases,
most inside two weeks
Sixteen leases signed, against nineteen in the spring, and they moved: eleven days on market on average, down from fourteen, with fourteen of the sixteen inside two weeks. The longest, #22A, a one-bedroom, took 35.
Studios held: five leases at $4,200 to $4,300, the same floor as the spring's $4,200 to $4,525. One-bedrooms ran $4,999 to $6,500 across eight leases — the spring's $5,450 to $6,850 with the top trimmed. Two two-bedrooms went at $7,500 and $7,995, the low end of the spring's $7,500 to $9,500. And the penthouse PH3E, a three-bedroom, signed at $17,500 in 21 days.
The median slipped to $5,700 from $6,000 and the average to $6,318 from $6,526. Read that as mix, not a rent cut: thirteen of the sixteen leases were studios and one-beds, against twelve of nineteen in the spring. Within each type, studios held and the larger units signed toward the bottom of their spring ranges.
One lease tells the investor's story. #4P closed as a sale on July 16 at $1,450,000 and was leased on September 2 at $7,500, in six days — $90,000 a year, a 6.2% gross yield on the purchase, seven weeks after closing. Four rentals are listed at quarter end: a one-bed at $5,600, two two-beds at $9,500 and $12,000, and PH4D at $13,500.
Across Williamsburg, 366 leases signed, up from 330, at a $5,343 median and 22 days, on 1.8 months of supply. The building's studios sit under that median and everything else above it — read your unit by its type.
Rents held by type, the median moved on mix, and the building leased in eleven days on average. If a unit is empty, price it to its type — studios $4,200 to $4,300, one-beds $5,000 to $6,500, two-beds from $7,500 — and expect a tenant inside two weeks.
Signed leasesJul – Sep 2026 · 16
| Apt | Size | Last asking | DOM | Leased |
|---|---|---|---|---|
| 23I | Studio | $4,300 | 6 | Sep 29 |
| 14I | Studio | $4,295 | 14 | Sep 22 |
| 8B | 1 Bed | $6,050 | 5 | Sep 17 |
| 22A | 1 Bed | $6,200 | 35 | Sep 16 |
| PH3E | 3 Bed | $17,500 | 21 | Sep 15 |
| 20I | Studio | $4,295 | 8 | Sep 4 |
| 8T | 1 Bed | $6,250 | 2 | Sep 2 |
| 4P | 2 Bed | $7,500 | 6 | Sep 2 |
| 16B | 1 Bed | $5,600 | 7 | Aug 24 |
| 26I | Studio | $4,300 | 14 | Aug 4 |
| 8F | 1 Bed | $5,800 | 8 | Jul 31 |
| 6F | 2 Bed | $7,995 | 11 | Jul 31 |
| 25L | 1 Bed | $6,500 | 14 | Jul 18 |
| 16F | 1 Bed | $4,999 | 6 | Jul 16 |
| 6O | 1 Bed | $5,300 | 1 | Jul 14 |
| 20E | Studio | $4,200 | 10 | Jul 9 |
Two ways to read
your unit
Both sides worked this quarter, which is rare. Sellers got 98% of ask in about a month and left the board empty; landlords leased in eleven days, and #4P's buyer is already earning 6.2% gross. The decision is yours, not the market's: sell now and you list into no competition in the building and a neighborhood that just paid 16% more at the median; hold, and the rental side clears in two weeks at rents that held by type. What the quarter argues against is the middle — listing high and waiting. Williamsburg's time to sell stretched to 78 days; The Edge's didn't, because both closings were priced within about 3% of what they got.
Same price per foot.
Bigger apartments.
A hundred sixty-one closings, one fewer than the spring, and a median up 16% to $1,675,000. The per-foot number tells you what that jump is: $1,554 against $1,527, up 2%. Prices barely moved. The apartments did.
Bigger ones sold. Closings under 700 square feet fell to 13% of the quarter from 26%; closings over 1,200 square feet rose to 45% from 40%. Sales above $2 million went to 56 from 49, sales under $1 million to 35 from 41. The typical apartment that closed was simply larger, and it paid nearly the same rate per foot as the spring.
The number that moved the wrong way is time. Days on market stretched to 78 from 48 — a month longer to sell. The listing discount widened to 1.6% from 1.0%, still under two points: sellers are closing near ask, they're just waiting longer to do it. Supply stayed thin at 3.6 months, with 192 units active and 83 in contract. Nearly four in ten closings were sponsor or off-market sales.
So read it plainly. Williamsburg is holding its price per foot, and the market's appetite shifted toward larger apartments. If you own one, you had comps and buyers this quarter. If you own a smaller one, your price per foot is intact — expect a longer wait, not a lower number.
Per-foot pricing held within 2%; the median rose because bigger apartments sold; time to sell lengthened by a month. Price to your unit's per-foot comps, plan for a slower quarter than the spring, and don't give ground you don't have to — the discount is still under two points.
Tighter
than the spring.
Three hundred sixty-six units rented, up from 330. Summer brought more leases, and supply tightened underneath them.
Months of supply fell to 1.8 from 2.74, with 220 units active and 61 in contract. Days on market held at 22, against 21. The market absorbed 11% more leases without loosening — that's demand outrunning inventory.
Price followed. The median rose to $5,343 from $5,250, and the average climbed to $6,006 from $5,799 — the average moving faster than the median says the strength sits at the top: larger and higher-end units pulled hardest this summer.
So read it by what you own. If you're renting out, you have leverage on both ends: three weeks to lease, firmer pricing, less competition than the spring. If you own at the high end, this was your quarter. If you've been weighing sell-versus-rent, the rental side just got stronger while the sale side got slower — that's an argument.
A landlord's market that tightened: more leases, under two months of supply, three weeks to lease, rents up with the top end leading. If your unit is empty, price it to the strength — the market is paying more and waiting less.
Beyond
the numbers
Selected sales and leases from across Manhattan, and the approach behind them.
