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May 57th Street Market Report

The following market report provides an overview of the real estate listings around 57th Street/ Billionaire's Row. The report includes information on properties for sale, properties in contract, and properties sold within the last year.


chart of 57th street market report

57th Street Luxury market ($5M and above)


For those seeking unparalleled luxury, 57th Street's luxury market offers an exclusive collection. These properties are priced at $5 million and above, with 72 listings available, 7 in contract, and 54 successfully sold.


Luxury properties on 57th Street command an average price per square foot (PPSF), at $5,700, with a median PPSF of $4,985. The average luxury property price is $27.96 million, while the median price stands at $15.07 million.


Luxury properties tend to spend approximately 130 days on the market before being sold. Buyers have negotiated an average discount of 15.6% off the asking price, offering potential investment opportunities.


For Sale

72 listings

In Contract

7 listings

Sold

54 listings

Average PPSF

$5,700

$5,159

$5,651

Median PPSF

$4,985

$5,254

$5,285

Average Price

$27.96M

$28.52M

$20.79M

Median Price

$15.07M

$9.60M

$14.78M

Days on market

130

56

224

Avg. Discount off Ask

15.6%

 

57th Street Condos (all price points)


Explore the diverse selection of condos available on 57th Street, catering to various price points. Currently, there are 203 listings for sale, with 30 in contract and 163 successfully sold.


The PPSF for condos on 57th Street stands at $3,303, with a median PPSF of $2,185. The average condo price is $11.99 million, while the median price is $3.29 million.


With an average of 88 days on the market, condos on 57th Street sell relatively quickly. Moreover, buyers have negotiated an average discount of 7.3% off the asking price, presenting potential savings.

For Sale

203 listings

In Contract

30 listings

Sold

163 listings

Average PPSF

$3,303

$2,460

$2,761

Median PPSF

$2,185

$1,673

$1,544

Average Price

$11.99M

$8.22M

$8.00M

Median Price

$3.29M

$2.17M

$1.95M

Days on market

88

58

95

Avg. Discount off Ask

7.3%

 


57th Street Co-ops (all price points)


Embrace the charm and affordability of 57th Street's co-ops, providing an attractive option for budget-conscious buyers. Currently, there are 120 co-op listings available, with 70 in contract and 168 successfully sold. Co-ops on 57th Street have a more moderate average price of $1.46 million, with a median price of $995,000. These figures make co-ops an enticing choice for buyers seeking affordability without compromising on location and character.


Co-ops spend an average of 76 days on the market, indicating a swift sales process. Additionally, buyers have negotiated an average discount of 5.3% off the asking price, presenting potential savings.

For Sale

120 listings

In Contract

70 listings

Sold

168 listings

Average Price

$1.46M

$1.04M

$963k

Median Price

$995k

$772k

$668k

Days on market

76

70

89

Avg. Discount off Ask

5.3%



Priciest Pad


432 Park Ave, Unit PH96

indoor picture of a dining room
Price $130,000,000


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