Market Notebook · Midtown

What Came to Market in Midtown This Week

9 new sale listings reached the Midtown market this week. Homes here typically take about 96 days to reach a signed contract, so this week's arrivals are genuinely fresh.

None of these are my listings. I track new inventory across Midtown every week because the first read on a building, how a unit prices against its own past sales, is the part a search portal will not assemble for you.

Priced at the Median

1 listing came in within a few percent of the neighborhood median.

372 5TH Avenue #6J, a studio co-op, a short walk from the B, D, F, M, N, Q, R and W trains, asks $725,000. That is effectively the neighborhood's $725,000 studio co-op median. The last studio to close in the building, #5N, sold for $408,750.

Below the Benchmark

5 arrivals priced below the neighborhood median.

247 W 46TH Street #3103, a 2-bedroom condo in a doorman building, asks $2,200,000. That runs below the neighborhood's $2,495,000 2-bedroom condo median. The last 2-bedroom to close in the building, #4003, sold for $2,000,000.

200 W 54TH Street #2D, a 1-bedroom, steps from the N, Q, R and W trains, is listed at $895,000. It prices under the 1-bedroom co-op median of $1,150,000. In the same building, #10F last traded at $1,390,000.

#8E, the most recent studio to close here, went for $649,000. 32 W 40TH Street #4H, a studio co-op, comes to market at $425,000. It is priced well under the neighborhood norm for studio co-ops.

372 5th Avenue #5F, a 2-bedroom co-op, a short walk from the B, D, F, M, N, Q, R and W trains, asks $1,300,000. It is among the more affordable 2-bedroom co-ops to list this week. The last 2-bedroom to close in the building, #2A, sold for $1,330,000.

475 Park Avenue #3E, a 1-bedroom co-op, steps from the 4, 5 and 6 trains, is listed at $650,000. The ask comes in at the lower end of the 1-bedroom co-op range. In the same building, #11E last traded at $650,000.

Where Size and Light Set the Price

3 listings priced above the median, where square footage, floor, or exposure account for the number.

140 W 57TH Street #5B, a 2-bedroom condo, asks $3,350,000. At 1,248 square feet, it is one of the larger 2-bedroom layouts on the market this week.

425 5TH Avenue #26D, a 1-bedroom in a doorman building, a short walk from the 4, 5, 6, 7 and S trains, is listed at $1,275,000. The 777-square-foot floor plan runs generous for a 1-bedroom condo. In the same building, #21A last traded at $920,000.

#8A, the most recent 1-bedroom to close here, went for $1,425,000. 33 W 56TH Street #6C, a 1-bedroom condo, comes to market at $1,795,000. Space is the draw here, at 987 square feet.

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