Period: 2026-03-02 to 2026-03-31
Manhattan multifamily recorded 35 closed sales this month totaling $390.7 million in volume, a steep pullback from the prior period's 66 transactions and $845.1 million. That is a 47% drop in deal count and a 54% decline in dollar volume, which is not noise, that is a market that paused. Average price per transaction came in at $11.2 million, down from $12.8 million the prior period, and average price per square foot settled at $515 with average price per unit at $1.2 million.
| Address | Closed | Price |
|---|---|---|
| 68-74 Thompson St | 2026-03-10 | $58,000,000 |
| 72 Thompson Street | 2026-03-10 | $58,000,000 |
| 210 Sherman Avenue | 2026-03-19 | $50,637,713 |
| 15 East 63 Street | 2026-03-17 | $34,500,000 |
| 43 White Street | 2026-03-11 | $32,000,000 |
| 684 Greenwich St | 2026-03-20 | $15,800,000 |
| 1133 Lexington Ave | 2026-03-06 | $13,212,875 |
| 74 Franklin St | 2026-03-26 | $11,345,000 |
A 47% drop in deal count alongside a 54% decline in dollar volume points to a market where buyers and sellers are apart on price rather than one where demand has disappeared. For owners approaching a loan maturity, the practical question is what the asset clears at today against what holding through maturity costs at current rates.
Three considerations are worth evaluating:
Our team is happy to be a resource should it be helpful to discuss these dynamics in more detail.
We prepare a Broker Opinion of Value for owners as a resource, covering current value and buyer demand on your specific block.
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