Every month I look at Manhattan as a whole and then zoom into the stretch I know best — the midtown south corridor running from Kips Bay up through Murray Hill, into Gramercy, and north into Flatiron and NoMad. It's where value and quality of life intersect for professionals who want Manhattan without the premium of the West Village or the chaos of midtown proper.
I specialize in the midtown south corridor but work with buyers across Manhattan — wherever the right opportunity is for my client is where I go.
Each month I pull data from OLR, the RLS, and the Olshan Report and add my own read on what I'm seeing on the ground — what's moving, what's sitting, and where the opportunities are for buyers who are paying attention.
Gramercy · Flatiron · Kips Bay · NoMad · Murray Hill — sourced from OLR closed sales data via the RLS.
April closed at $1.0M median — essentially flat against the trailing 12-month average of $990K. Source: OLR · RLS closed sales data.
142 contracts signed at $4M and above in Manhattan through April 26 — the strongest YTD trophy-market pace the Olshan Report has tracked since launching in 2006. Condos led every week of the month.
Year-to-date, Downtown has outsold the Upper East Side 230 to 162. The center of gravity in Manhattan luxury is shifting south.
Source: Olshan Realty Luxury Market ReportOne night only — Barlume teams up with Los Burritos Juárez for five Mediterranean-meets-Mexican tacos on their signature tortillas, plus a Don Julio specialty cocktail and a complimentary tasting downstairs.
Rent, rates, the co-op board — all of it, explained clearly. Weekly. No pitch, no pressure. Show up when you're ready.
Spring came in loud at the top of the market. The week of April 13th logged 39 luxury contracts in Manhattan at $4 million and above — the strongest year-to-date trophy total the Olshan Report has recorded since it began tracking in 2006. That's not a blip. That's a signal about where the serious money is moving, and it matters for buyers at every price point because it tells you something about demand and conviction in this market.
At the corridor level, the picture is quieter — but that's actually useful information. April's 30-day median in the Gramercy-to-NoMad stretch came in at $1.0M, essentially flat against the trailing 12-month average of $990K. No frothy spring premium here. What that means for buyers: this is a corridor where the math is working. Real inventory. Real transactions. No overheated bidding war atmosphere. The luxury market is doing its thing on the Upper West Side and Downtown. The corridor is doing what it does.
One thing I'm watching closely: the co-op/condo split. Every week in April, the Olshan data showed condos outselling co-ops — sometimes by wide margins. At $4M and above, buyers are choosing flexibility over boards. That preference shows up at every price point in this corridor too. Buildings with straightforward approval processes and modern amenities are trading. Board-intensive co-ops with dated financials are sitting longer. If you're preparing to buy — your financial statement, your pre-approval, and your timeline are what's going to matter when the right unit appears. The buyers who have those things ready are the ones who close.
City of Yes — What It Actually Means for Manhattan Buyers
NYC just passed its most significant zoning overhaul in decades. Here's what it changes, what it doesn't, and why buyers in this corridor should be paying attention.
Read the full post →Have questions about what any of this means for your situation? Start with a conversation.
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