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Manhattan’s tightest market in six years meets Brooklyn’s luxury era, with waterfront condos breaking $2,000 per square foot. NYC continues to defy national trends, but winter is coming.
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October delivered the market's second consecutive month of above-average contract activity, a streak we haven’t seen since the post-pandemic recovery. Despite pre-election uncertainty around Zohran Mamdani, buyers remained engaged, with deal flow outpacing seasonal norms. The listing climate has improved progressively since summer, and the last several weeks have shown a notable pickup in activity across the board.
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Manhattan closed October with inventory at its lowest level since 2019, creating a uniquely supply-constrained environment. While closed sales and pricing dipped modestly year-over-year, contract signings surged nearly 16% compared to last October, signaling stronger momentum ahead. Properties are also moving faster, with days on market improving meaningfully.
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Brooklyn on the other hand is experiencing a shift in buyer priorities. While closed sales declined year-over-year, pricing strengthened significantly driven by luxury waterfront developments like One Domino Square and Williamsburg Wharf, where prices exceed $2,000 per square foot. Brooklyn is "coming into their age of luxury" with larger-scale, higher-end finishes, pushing the borough's overall price per square foot up nearly 12% year-over-year. For buyers, elevated inventory creates selection while for sellers, strategic pricing matters more than ever.
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Italian Soul, New York Grit!
My Journey As a Bridge Between Homes
As a proud Italian-American broker raised between Westchester and Salerno, I've always believed real estate is about more than transactions—it's about building bridges between communities, cultures, and dreams.
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October 2025 Market Reports
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Step Into History at the Tenement Museum This Holiday Season
One of my favorite NYC museums, the Tenement Museum, vividly brings to life the stories of immigrants who shaped our vibrant city. Their special holiday tours offer a festive glimpse into the traditions once celebrated by families in historic Lower East Side apartments. It’s an inspiring experience I highly recommend!
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FLATIRON
15 West 20th Street #9A
2 BD 3 BA 2259 SF $3,450,000
This rare, meticulously renovated loft condo in the heart of Flatiron is now under contract. The unit features a private keyed elevator, chef's kitchen with top-of-the-line Miele and Sub-Zero appliances, two en-suite bedrooms, soaring ceilings, and exclusive boutique building amenities including a landscaped rooftop.
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UPPER EAST SIDE
512 East 83rd Street #5D
1 BD 1 BA $490,000
This sun-drenched Yorkville one-bedroom with three sides of unobstructed views, soaring ceilings, a renovated chef's kitchen, and substantial tax deductions, just one block from Carl Schurz Park in a pet-friendly co-op with flexible policies and building amenities, is now under contract.
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UPPER EAST SIDE
446 East 86th Street #2B
1 BD
1 BA
$459,000
This move-in-ready, renovated one-bedroom co-op on the Upper East Side offers modern finishes, a smart layout, and exceptional value with tax deductions effectively lowering monthly maintenance to just $892, making it an ideal pied-à-terre or first home in a prime full-service building.
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UPPER WEST SIDE
30 West 61st Street #17E
1 BD 1 BA 666 SF $4,850
This high-floor, light-filled one-bedroom in Lincoln Square's full-service Beaumont Condominium has just been rented! Featuring stunning city views, a chef's kitchen with premium Bertazzoni and Liebherr appliances, and an unbeatable location steps from Central Park and Lincoln Center.
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MURRAY HILL
630 1st Avenue #18G
1 BD 1 BA $###,###
Coming soon: a spacious, sun-filled one-bedroom with stunning direct Empire State Building views, marble bathroom, and excellent closet space in the prestigious Manhattan Place Condominium.
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GREENPOINT
150 Diamond Street
# BD # BA ### SF $#,###,###
Coming soon: For sale for the first time in over 90 years, this two family wood frame home in the middle of a bucolic tree lined street in greenpoint will be for sale. Contact me for a private tour. Home is in need of minor updating but will be delivered "as-is" and vacant.
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Teresa Alessandro
Lic. Assoc. R.E. Broker
M: 914-980-4262
Licensed in Both NYC and Westchester County
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Office: 646-982-0353
Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. All Coming Soon listings in NYC are simultaneously syndicated to the REBNY RLS. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.
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