The Stanford Report.
45 East 25th Street
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The Building Report
View stats from the last 6 months!
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Average PPSQFT
Studios: N/A
1 Bedroom: $1,783.08
2 Bedroom: $1,744.30
Current Average Price
Studios:
1 Bedroom: $1,159,000.00
2 Bedroom: $1,835,000.00
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Average Price: N/A
Average Common Charges & Taxes: N/A
Average Square feet: N/A
Average price per square foot: N/A
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Average Price: $1,179,999.33
Average Common Charges & Taxes: $1,920.33
Average Square feet: 650
Average price per square foot: $1,783.08
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Average Price: $1,835,000.00
Average Common Charges & Taxes: $3,360
Average Square feet: 1,052.00
Average price per square foot: $1,744.30
Flatiron Average Stats
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1Q22: $2,939,034
2Q22: $2,639,212
3Q22: $1,963,126
4Q22: $2,083,395
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1Q22: $569,593
2Q22: $636,047
3Q22: $543,177
4Q22: $520,522
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1Q22: 67
2Q22: 105
3Q22: 83
4Q22: 38
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1Q22: $1,675,000
2Q22: $2,060,000
3Q22: $1,675,000
4Q22: $1,208,750
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“In what can only be described as a monumental comeback, Manhattan is experiencing one of the greatest real estate markets ever. With $30 billion in sales volume and over 16,000 contracts signed, it’s not a surprise to anyone that 2021 was the best year ever for Manhattan real estate. The fourth quarter alone was one of the strongest on record, with a 47% annual rise in contracts signed, an 89% increase in closings, and $8 billion in sales volume.
While the market continues to favor sellers with rising prices and diminishing inventory, we’re still seeing buyers take advantage of cheap money before any interest rate hikes in 2022. Confidence in Manhattan’s resiliency, largely led by the high percentage of vaccinated New Yorkers, is propelling us into 2022 with powerful momentum.” – Pam Liebman, CEO of The Corcoran Group
2021 was perhaps the best year ever for the Manhattan market. Over 16,600 contracts were signed, the most inked in a single calendar year. 2021 also had over 15,600 closings – the most since 2008 – with resale condos and luxury sales over $5M surpassing the previous high reached in 2013.
Sales volume had a historic year and Q4 2021 was one of the best on record. Sales volume totaled $30 billion in 2021, 6% more than 2007’s previous all-time high. 4Q sales volume totaled over $8 billion. Signed contracts grew 47% annually to 4,200 deals -- by far the best fall season ever.
Manhattan fourth quarter inventory fell to its lowest level since 2016 and the sharpest ever YOY decline. As of mid-December, nearly 6,300 units were actively listed for sale in Manhattan, down 37% annually. This is despite an all-time high of 4,100 new listings coming to market during 4Q 2021.
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This is what our clients have said about our team.
“Nick is truly a "family" name by now, as he helped me and my husband - as well as my parents - buy and sell several apartments. When we sold our last apartment, Nick helped us personally with every detail. Our apartment sold after just one open house, and for well above the asking price. We could not have been happier!”
Jennie and Ben F.
Meet Nick Athanail - Your Stanford Expert
It is with great pleasure that I introduce you to The Nick Athanail Team, which I founded over 15 years ago at The Corcoran Group. One of the top producers in the ultra competitive market of New York City real estate, our team is a group of 3 highly talented and experienced associates. Together, we have been extremely successful representing sellers in this competitive environment by getting our clients the highest price in the quickest amount of time.
Backed by The Corcoran Group, the best real estate firm in the country, we have every resource needed to excel in our mission to provide the highest quality service to our clients. Our team has achieved many awards over the years but our greatest satisfaction comes from a job well done for our clients.
Whatever your situation is, The Nick Athanail Team would be pleased to assist you in achieving your objectives. We look forward to working with you soon.