Back to all insights The Manhattan real estate market showed strong momentum in the first quarter of 2025, signaling renewed investor confidence and growing demand across key asset classes. Compared to Q1 2024, transaction volume increased by 31%, with 80 sales recorded, and total dollar volume surged by 54% to $672.8 million. Buildable square footage traded climbed an impressive 53%, totaling nearly 394,000 buildable SF.
Mixed-use properties led all asset classes with $321.85 million in volume across 41 transactions, followed by multifamily properties at $177.53 million (32 transactions) and development sites at $173.4 million (7 transactions). Noteworthy activity was concentrated in high-demand neighborhoods such as Yorkville, Lenox Hill, the East Village, and the Upper West Side.
This quarter’s performance highlights a resilient and active Manhattan market, with buyers capitalizing on well-positioned assets and development sites. The significant uptick in buildable square footage sales also suggests increased optimism among developers about future growth potential. Overall, Q1 2025 reinforces Manhattan’s standing as a premier investment destination with strong fundamentals and long-term upside
Multifamily, Mixed-Use and Development transactions between $1,000,000 – $50,000,000 from m January 1, 2025 – March 31, 2025
Zip Codes: 10002, 10003, 10004, 10005, 10006, 10007, 10009, 10011, 10012, 10013, 10014, 10019, 10021, 10023, 10024, 10025, 10025, 10026, 10027, 10028, 10029, 10030, 10031, 10032, 10033, 10034, 10035, 10037, 10038, 10039, 10040, 10044, 10065, 10069, 10075, 10128, 10280
Neighborhoods: Astor Row, Battery Park City, Carnegie Hill, Central Harlem, Central Midtown, Central Park South, Chinatown, Civic Center, Clinton – Hell’s Kitchen, East Harlem, East Village, Financial District, Flatiron District, Fort George, Garment District, Gramercy Park, Greenwich Village, Hamilton Heights, Harlem, Hudson Heights, Hudson Square, Hudson Yards, Inwood, Kips Bay, Koreatown, Le Petit Senegal, Lenox Hill, Lincoln Square, Little Italy, Lower East Side, Manhattan Valley, Manhattanville, Marcus Garvey Park, Meatpacking, Morningside Heights, Murray Hill, NoHo, NoLIta, Nomad, North Chelsea, SoHo, South Chelsea, St. Nicholas Historic District, Sugar Hill, Sutton Place, Times Square – Theatre District, TriBeCa, Tudor City, Turtle Bay, Two Bridges, Upper East Side, Upper Manhattan, Upper West Side, Washington Heights, West Harlem, West Village, Yorkville
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