One bedroom apartments dominated sales in Greenwich Village over the past 12 months (9/20/18-9/20/19), with the largest volume trading in doorman coops. There were a total of 202 one bedroom sales across building types, double to triple the volume of other size categories (there were 119 two bedrooms sales). Alternatively, there were very few large apartment sales (4+ bedrooms),
totaling only 16.

The large majority of new development sales were in 21 East 12th Street, 80 East 10th Street and 116 University Place. 21 East 12th Street was designed by renowned architect Annabelle Selldorf and developed by William Macklowe. 116 University Place is a brand new boutique condo, designed by Morris Adjmi Architects. 80 East 10th Street is at the intersection of the East Village and Greenwich Village with only 12 residences.

CLOSED SALES IN THE PAST 12 MONTHS

Want to learn more about the Downtown Real Estate Market?
Click here to join our Downtown eNewsletter list.

……………………………………

IT’S A GREAT TIME TO BUY!
There is plenty of opportunity for buyers right now! Interest rates are at historic lows (dropping further yesterday), developers are offering increased incentives, prices are down (dramatically in certain categories), sellers are more realistic, there is less competition and deals can be made on properties particularly those with intrinsic flaws. Greenwich Village will always be a great investment, especially if you plan on owning your property for at least 7 – 10 years. There are some buyers waiting for prices to drop further and our advice is to not try to time the market, as it is nearly impossible. You could miss an amazing opportunity right now. There is currently a lot of inventory on the market (see below) which generally favors buyers. There are also a lot of small apartments in contract right now which could indicate the lower end is on the way back up.

Click here to download our exclusive Buyer’s Guide. 

……………………………………

GREENWICH VILLAGE CURRENT LISTINGS

ON THE MARKET: Chelsea
144 West 18, 4N
$2,295,000
Expansive modern loft in the heart of the city! Prime prewar 2 bed 2 bath Condo loft with oversized windows and 9 1/2′ ceilings. Just under 1,400 square feet with an expansive open kitchen and living area. Impressive scale is showcased by 9 1/2′ high ceilings, 8′ tall windows, a 21′ open entertaining space and plenty of natural light.

JUST SOLD: Greenwich Village
21 East 12th Street, 9A*
$4,287,500
This corner split two bedroom, two and a half bath residence facing north and east allows for wonderful sunlight throughout the day. Spaciously designed at 1,478 SF, the home includes oversized casement windows, wide plank white oak flooring and vented washer and dryer. *Represented buyer

Lynn Nguyen, Jane Martin, Deanna Kory, Cindy Kitch, Ileana Lopez-Balboa, Stacey Pashcow

THE DEANNA KORY TEAM AT THE CORCORAN GROUP
When you choose the Deanna Kory Team, 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.