Manhattan multifamily & commercial real estate market
Recorded sales, prices, construction, lending and ownership for income and commercial property in Manhattan, updated monthly from NYC public records. Data through July 2026.
Get new sales, permits and off-market deals here in your weekly Pulse brief.
$17.7B815 sales, last 12 months▲ 62.8% YoY
$676Median price / sq ft▲ 1.7% YoY
$468KMedian price / unit (multifamily)▼ 12.5% YoY
197Off-market listings on Crezly now
1Buyers with an active buy box here
September 2026 summary
815 income-property sales were recorded in Manhattan in the 12 months ending July 2026, up 21.1% from the prior 12 months, with dollar volume of $17.7B, up 62.8%. The median price per square foot was $676, up 1.7%, while the median price per residential unit for multifamily and mixed-use properties was $468K, down 12.5%. DOB construction permits totaled 29,789, up 2.1%. 9.2% of multifamily and mixed-use parcels carried a Motivated-Seller Score of 10 or higher, compared with 2.9% citywide. JPMorgan Chase Bank, N.A. was the most active lender, with 278 mortgages recorded.
Market trends
Recorded sales volume by month
August 2024 – July 2026. Hover or tap a month for its figure.
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Month
Sales
Volume
August 2024
44
$949M
September 2024
52
$793.4M
October 2024
49
$661.3M
November 2024
48
$1.2B
December 2024
71
$1.4B
January 2025
59
$1.2B
February 2025
62
$860.1M
March 2025
61
$1B
April 2025
51
$428.1M
May 2025
51
$606.7M
June 2025
55
$579.9M
July 2025
70
$1.2B
August 2025
55
$2.5B
September 2025
48
$565M
October 2025
67
$2.3B
November 2025
46
$583.1M
December 2025
79
$2B
January 2026
61
$1.3B
February 2026
51
$755.5M
March 2026
88
$1.9B
April 2026
85
$688.5M
May 2026
81
$2.2B
June 2026
91
$2B
July 2026
63
$990M
Median price per square foot
Rolling 3-month median of recorded sales with a building area. Gaps mean fewer than five priced sales.
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Month
Median $/sf (3-mo)
August 2024
$695
September 2024
$655
October 2024
$714
November 2024
$675
December 2024
$731
January 2025
$609
February 2025
$682
March 2025
$677
April 2025
$586
May 2025
$564
June 2025
$598
July 2025
$661
August 2025
$672
September 2025
$612
October 2025
$670
November 2025
$670
December 2025
$618
January 2026
$616
February 2026
$642
March 2026
$795
April 2026
$689
May 2026
$733
June 2026
$692
July 2026
$691
Construction permits issued
Initial DOB NOW permits for construction work (sheds, fences, scaffolds and signs excluded) — a leading indicator of repositioning and new supply.
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Month
Permits
August 2024
2,731
September 2024
2,312
October 2024
2,631
November 2024
2,172
December 2024
2,005
January 2025
2,292
February 2025
2,108
March 2025
2,559
April 2025
2,521
May 2025
2,443
June 2025
2,659
July 2025
2,733
August 2025
2,506
September 2025
2,525
October 2025
2,594
November 2025
2,060
December 2025
2,149
January 2026
2,188
February 2026
2,118
March 2026
2,666
April 2026
2,686
May 2026
2,511
June 2026
2,984
July 2026
2,802
What trades here
Share of recorded sales by asset class, last 12 months.
Show the data
Asset class
Sales
Multifamily
484
Office
101
Retail
68
Mixed Use
67
Other
44
Development
25
Hospitality
21
Industrial
5
Seller distress
9.2% of 25,995 multifamily and mixed-use parcels in Manhattan carry a Motivated-Seller Score of 10+ as of September 2026, down from 9.7% in August 2026. Citywide the figure is 2.9%.
Manhattan
NYC
The score weighs estimated loan maturity, tax liens, open HPD violations, evictions, ownership tenure and transfer activity. It is a signal, not a prediction.
What is the price per square foot for commercial and multifamily property in Manhattan?
The median recorded sale was $676 per square foot across 776 priced income-property sales in the 12 months to July 2026, up 1.7% on the prior year.
How much do multifamily buildings sell for per unit in Manhattan?
Multifamily and mixed-use buildings sold for a median of $468K per residential unit in the 12 months to July 2026, across 548 recorded sales.
How many commercial real estate sales were there in Manhattan last year?
815 income-property sales worth $17.7B were recorded in the 12 months to July 2026 (deeds of $100,000 or more, excluding single-family homes and condo units).
Who lends on commercial property in Manhattan?
The most active institutional lender over the last 12 months was JPMorgan Chase Bank, N.A., with 278 recorded mortgages. The Crezly lender directory ranks every lender by recorded loans.
Track Manhattan deals as they happen
New sales, permits, off-market listings and distress signals, in one weekly brief.
Compiled by Crezly from NYC public records: ACRIS deeds and mortgages (recorded through July 2026), DOB NOW permits, PLUTO and HPD. Sales are recorded deeds of $100,000+ on income and commercial property (multifamily incl. two-family, mixed-use, retail, office, industrial, development, hospitality); single-family homes and condo units are excluded. Staten Island deeds are recorded by the Richmond County Clerk and are not in ACRIS. Neighborhoods follow NYC Community District boundaries. Not legal, financial or investment advice.
