Based on the past 12 months of sales activity in Tribeca, brand new developments are selling at a 15 – 30% premium over older condos. However, keep in mind that many of the new development sales have been in contract for the past 1.5 to 2 years and reflect pricing from 2017 to early 2018. Most new development projects go on sale pre-construction and don’t close until the building is complete, so many times units go into contract months or even years before they close.

Sales volume in Tribeca has been steady, and surprisingly average sales prices and average price per square foot are in line with the peak of the market back in 2014 – 2016.

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Just Closed! 335 Greenwich Street, Penthouse A

A bidding war is rare in this market even with all the great values that are currently available. But a great value + one of a kind property = bidding war. The PH at 335 Greenwich St is that unicorn, with 3 open exposures, river and WTC views, 13’ ceilings and a 1200 square foot private roof deck in prime location.

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Experience. The Deanna Kory Team Advantage

When you choose the Deanna Kory Team at the Corcoran Group, you are working with a highly skilled powerhouse team with vast experience, an expansive network and resources tailored to meet every aspect of buying and selling real estate in New York. Deanna Kory’s 33 years of experience, consistent ranking among the top brokers in the city and exceptional track record provides both buyers and sellers an enormous advantage in the marketplace.
Learn More about The Deanna Kory Team

The Deanna Kory Team
Corcoran Group Real Estate
660 Madison Avenue
11th Floor
New York, NY 10065
www.deannakory.com
(212) 937-7011
dek@corcoran.com