ISSUE NO. 06 · 2026
SOUTHTower
The Edge South Tower enters June with no residences openly listed for sale, two closings recorded this month, and a third in contract. The absence of active competition is itself the headline: with nothing currently on the board, the month's closings stand as the most reliable indication of where the building is valued today.
Those two sales frame the range. Studio 22E closed at $895,000 — precisely at ask, or $1,827 per square foot — in 44 days. One-bedroom 11B closed at $1,220,000, within 2.4% of its final ask, in 20 days. With a median closing price of $1.058M, both sellers realized their number with little concession.
The in-contract residence, two-bedroom 4R, marks the other end of the spectrum. It came to terms at $2,250,000 — a 6.1% reduction from its last ask, after 171 days. The contrast is the useful part — where a residence sits between those two outcomes tends to come down to how it's positioned at the start.
Bottom line — With no active listings and two closings at or near ask, the building is setting price, not conceding it. Where your residence falls against 22E, 11B, and 4R is the part worth talking through.
The rental picture at The Edge South Tower is active. Four residences are currently listed and two are already in contract — one-bedroom 10L at $5,495 and studio 26F at $4,200 — a 33.3% lease-up rate against present supply. Notably, no active listing has required a reduction.
The active board spans every size. Studio 20E is asking $4,200; one-bedrooms 17L and 14A are positioned at $5,750 and $5,895; and two-bedroom 6C is at $10,500. With a median asking rent of $5,623, the two residences already spoken for came to terms alongside the active one-bedrooms — the segment where demand is most concentrated.
Average time on market stands at 23 days. The listings are recent and leasing quickly, and with no reductions on the board, asks are largely holding.
Bottom line — Twenty-three days to lease and no reductions point to a landlord's market. What your specific line achieves depends on details an average won't show — which is the conversation worth having before a turnover.
Williamsburg produced $95.2 million across 50 closings this month — deep, liquid volume for a single month, and a wide, current set of comparables for any owner in the building to measure against.
The median sale price was $1,440,000, with average pricing at $1,646 per square foot. Read together, the figures point to values holding steady rather than drifting in either direction.
At 39 days on market, well-positioned residences are trading in under six weeks. The distance between the listings that sit and the ones that close tends to come down to how they were priced at the outset — the sellers anchored to recent evidence are the ones realizing their number.
Bottom line — $95.2M across 50 closings, a $1.44M median, and 39 days to sell describe a disciplined, active market. Where a specific residence sits against those 50 sales is the reference point worth establishing before any decision.
One hundred sixteen leases closed across Williamsburg this month, with another 74 in contract. For a rental owner, that is the figure that matters most: tenants are signing in volume, and they are signing quickly.
Median rent landed at $5,168, with the average at $5,626. The gap between the two reflects activity across the full range — from mid-market one-bedrooms to larger and premium residences — so demand is broad rather than concentrated at any single price point.
At 19 days on market against 2.6 months of supply, residences are leasing in under three weeks in a market that stays balanced. That combination — quick absorption without a glut of inventory — is what keeps asks firm.
Bottom line — 116 leases, 74 more in contract, and 19 days to lease describe a landlord's market with real momentum. For a residence renewing or turning over in the coming months, where it's positioned against that evidence — and when — is part of the return.
Brooklyn, NY 11249