QUARTERLY
MARKET
REPORT
EAST SIDE
With the exception of four-bedroom and larger apartments, prices were generally flat on the East Side compared to the
third quarter of 2007. The four-bedroom and larger number was propped up by 4 sales of more than $30 million, which
also helped bring up prices on Fifth Avenue. Park Avenue apartments were also strong during the quarter, as their median
price rose 57% compared to 2007’s third quarter.
AVERAGE SALE PRICE
Studio
$396,333
$412,776 +4%
$708,974
1-Bedroom
$723, 128
+2%
$1,629,347
2-Bedroom
$1,623,043
0%
$3,191,973
3-Bedroom
$3, 138,064
-2%
$6,600,294
4+Bedroom
$12,854,946
+95%
$0
$1,000,000
$4,000,000
$8,000,000
$12,000,000
3rd Q 07
3rd Q 08
MEDIAN PRICE
SELECTED MARKET AREAS
Fifth Ave., 59th-96th St.
Park Ave., 59th-96th St.
Between Fifth and Lexington Ave., 59th-79th St.
80th-96th St.
Lexington Ave. to the East River, 59th-79th St.
80th-96th St.
Midtown East**
*There were not enough sales for a valid comparison.
** Not included in overall Eastside data.
ALL APARTMENTS
Median Sale Price
3rd Q 07
$3,650,000
3rd Q 08
$4,775,000
$2,400,000
$2,097,500
$1,305,000
$776,500
$677,500
$700,000
$3,770,000
$1,750,000
$1,687,500
$759,750
$660,000
$777,600
COOPERATIVE
Median Price per Room
3rd Q 07
$655,833
3rd Q 08
$830,000
$400,714
$325,051
$250,000
$202,963
$163,095
$190,159
$474, 118
$317,536
$292,857
$209,286
$175,000
$194,143
CONDOMINIUM
Median Price per Sq. Ft.
3rd Q 07
*
3rd Q 08
*
*
*
*
$1,237
$1,071
$1, 119
*
*
*
$1,214
$1,086
$1, 123
