New York City Market Report Methodology

Last updated: March 6, 2016

We currently provide real estate market reports and/or aggregate data that cover the Manhattan, Brooklyn, Queens, Bronx and Staten Island boroughs of the City of New York.

Market Reports

Manhattan Sales

Frequency Quarterly

Coverage area The entire borough of Manhattan.

Description A quarterly analysis of co-op and condo sales in Manhattan.

Methodology notes Closed arms-length residential co-op and condo sales. Medical and professional co-ops and condo sales as well as separate maid’s and storage rooms were excluded. Cond-ops were included within the co-op dataset since the individual apartments are allocated shares and largely function as a co-op. Condos are owned in fee simple with the exception of those located in Battery Park City, one of the only condo markets known in New York state that is located on leased land. Manhattan is defined as the island of Manhattan and for purposes of this research, does not include the small neighborhood of Marble Hill located on the mainland.  Prior to 2005, Manhattan was defined from Battery Park City to either West 116th Street or East 96th Street. In 2005, the former ‘Manhattan’ designation was re-named ‘East Side + West Side + Downtown’ and the sales history was retained. Historical ‘Manhattan’ data was revised to include the entire island. New development sales are defined as any and all sales that close within 3-5 years of the construction date and are reviewed on a case-by-case exception. Re-sales are defined as any sale that is not considered new development.

Data sources ACRIS, Property Shark, Streeteasy/Zillow, managing agents, board members, lenders, buyers and sellers.

Manhattan, Brooklyn & Queens Rentals

Frequency Monthly

Coverage area The entire borough of Manhattan and Brooklyn as well as the northwest region of Queens.  Prior to June 2014, Brooklyn included only the regions known as North and Northwest.  From July 2014 to February 2016, the region was expanded to include the East Region.  With the March 2016 report, Brooklyn rental history was revised to include South region back through January 2015, making the entire borough reflect the state of the Brooklyn rental market.  The expansion of the coverage area was a reflection of the increased access to borough rental data.

Description A monthly analysis of rentals in Manhattan, Brooklyn and Queens.

Methodology notes Open market newly signed leases and does not include lease renewals. Prior to the February 2016 report, the term “new rentals” was used to describe new leases excluding renewals.  This proved confusing to some readers since “new rentals” was assumed to be “new development.” In March 2016 the report term “new rentals”  was changed to “new leases” to clarify that  ‘new’ does not mean ‘new development’, which is tracked separately. Rental price indicators are based on “face rent” and do not include concessions such as free rent and brokerage commissions which is analyzed separately.

Data sources REBNY, Douglas Elliman, Miller Samuel.

Manhattan and Brooklyn Rentals

Frequency Quarterly [DISCONTINUED, but data continues to be updated in aggregate database]

Coverage area The entire boroughs of Manhattan and Brooklyn are included in the aggregate database just as the monthlies are.

Description A quarterly analysis of rentals in Manhattan and Brooklyn.

Methodology notes Open market new rental activity that does not include lease renewals. Rental price indicators are based on “face rent” and do not include concessions such as free rent and brokerage commissions which is analyzed separately as “net effective rent.”  After commencement of the monthly series, the quarterly analysis was converted to a compilation of the 3 individual months that comprise the quarter.

Data sources REBNY, Douglas Elliman, Miller Samuel.

Manhattan Townhouse Sales

Frequency Annual

Coverage area The entire borough of Manhattan.

Description An annual analysis of Manhattan townhouse sales as a ten year moving window.

Methodology notes Closed arms-length residential 1-3 family sales.

Data sources ACRIS, Property Shark, Streeteasy/Zillow, Miller Samuel, buyers and sellers.

Manhattan Decade Sales

Frequency Annual

Coverage area The entire borough of Manhattan.

Description This is an annual analysis of Manhattan co-op and condo sales as a ten year moving window.

Methodology notes A compilation of the results from the quarterly Manhattan Sales reports.

Data sources Same as quarterly report.

Brooklyn Sales

Frequency Quarterly

Coverage area The entire borough of Brooklyn.

Description A quarterly analysis of co-op, condo and 1-3 family sales in Brooklyn.

Methodology notes Closed arms-length residential sales of co-ops, condos and 1-3 family properties.

Data sources ACRIS, Property Shark, Streeteasy/Zillow, buyers and sellers.

Queens Sales

Frequency Quarterly

Coverage area The entire borough of Queens.

Description A quarterly analysis of co-op, condo and 1-3 family sales in Queens.

Methodology notes Closed arms-length residential sales of co-ops, condos and 1-3 family properties.

Data sources ACRIS, Property Shark, Streeteasy/Zillow, buyers and sellers.

New York City Sales

Frequency Quarterly

Coverage area All five boroughs of New York City.

Description A quarterly analysis of all New York City co-op, condo and 1-3 family sales in aggregate and by individual borough.

Methodology notes Uses the results from the sales reports that cover Manhattan, Brooklyn and Queens as well as the addition of The Bronx and Staten Island.

Data sources Uses ACRIS for The Bronx and Staten Island and the results from the Manhattan, Brooklyn and Queens reports.

Aggregate Database

Manhattan Sales & Rentals

Brooklyn Sales & Rentals

Queens Sales & Rentals

Bronx Sales

Staten Island Sales

Query New York City borough aggregate sales and rental data

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