BIG DEALS CARRIED A SLOWER MARCH
MARCH 2026 NEW DEV CONDO MARKET UPDATE
Published: April 1, 2026
- There were six contracts signed on residences asking more than $20M.
- Only Queens posted a year-over-year increase in contract activity.
- Citywide, 118 new sponsor units launched.
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"March saw its fewest contracts since 2017, but big-ticket deals carried the market and reflected ongoing commitment from ultra-high-net-worth buyers."
Luxury
45 contracts were signed for units priced at $4M or above, compared with 54 in February and 53 last year.
4 of those 45 contracts were signed in Brooklyn.
22 deals were for residences priced at $10M or more, and 6 exceeded $20M.
Notable Deals
50 West 66th Street - #53N asking $35.0M
4-bed asking $7,175 PSFFlatiron Building - #7 asking $30.5M
7-bed asking $3,966 PSFThe Towers of the Waldorf Astoria - 2803/5 asking $29.75M
5-bed asking $6,307 PSF
Manhattan
124 contracts were signed in March, compared to 142 in February and 162 last year. The median sale price was $2,600,000, and the median PPSF was $2,144.
Two projects launched sales this month: 660 Lexington Avenue (31 units) and 236 West 112th Street (2).
Top Performer by Contract Volume
The Strathmore
The Strathmore, in Yorkville, reported 10 contracts for one-, two-, and three-bedroom homes priced from $950K to $3.33M. Corcoran Sunshine Marketing Group launched the 144-unit conversion cooperative in October, and reports that 14 residences have sold, with another 43 under contract.
Brooklyn
82 contracts were signed in March, compared to 78 in February and 122 last year. The median sale price was $1,392,500, and the median PPSF was $1,446.
57 new sponsor units launched across six new projects: 817 Classon Avenue (19 units), 124 Washington Avenue (15), 772 Metropolitan Avenue (9), Kibo Residences (8), 151 State Street (4), and 153 State Street (2).
Top Performer by Contract Volume
The Sixth
The Sixth, in Williamsburg, reported 6 contracts for a one-bedroom asking $1.395M and five three-bedrooms priced from $2.925M to $4.5M. Corcoran Group launched the 43-unit development in January and reports that 24 residences are under contract.
Queens
39 contracts were signed in March, compared to 15 in February and 34 last year. The median sale price was $899,000, and the median PPSF was $1,210.
Twenty8 Astoria launched 28 new sponsor units.
Top Performers by Contract Volume
Radiant
Radiant, in Long Island City, reported six contracts for studio to three-bedrooms priced from $700K to $2.55M. The 117-unit project launched in October 2024, and Nest Seekers International and One Realty Global report that 43 residences are under contract.
Report Methodology
- For "Top Performer by Contract Volume," if there is a tie by deal count, the building with the largest dollar volume of deals is selected
- Inventory movement is constant, considering reported contracts, recorded closings, and other relevant factors
- Report is based on reported contracts and may not represent all contracts signed
- Prices are based on the last asking price before a unit was put into contract
- New development contracts are sponsor stage projects that are eligible to sell units
- Data as of 4/1/2026
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