201 West 70th Street
- ONE SHERMAN SQUARE -
Welcome!
Below you will find a weekly market update I create at the start of each week. Also below is information on myself, my team, and our building. Please feel free to reach out with any questions you might have, I am here to help.
The Weekly Manhattan Market Report - 09/01/25
The Luxury Sector:
Sixteen contracts were signed last week in Manhattan at $4 million and above, since you were in the previous week. Condos outsold co-ops, 11–3, with 1 condop and 1 townhouse in the mix. Last week’s total is on par with the 10 year average of 16.5 contracts for the week before Labor Day. August was the fourth busiest on record with 92 contract signings since statistics were kept on the Luxury Sector back in 2006. The best years: 2021 (143 contracts), 2015 (97 contracts), and 2014 (94 contracts). The No. 1 contract signed last week was W24D at 500 W. 18th St., asking $14.53 million, raised from $14.245 million when the condo was first released back in 2018. The No. 2 contract was 22C at 220 Central Park South, asking $13.5 million. It was a sponsor/developer sale.
Overall market supply:
There are currently 5,661 units on the market ready to sell. This is 13% less than last month and 2.4% less than this time last year. Look for the overall market supply to begin increasing this week and into next week as the fall market gets underway. Reviewing the weekly numbers, 135 apartments were listed last week, an increase of 4.7% from the previous week. The mild uptick may indicate that some sellers are hoping to get an early jump on the fall season. However, the weekly pace of new listings likely won't substantially increase until the mid to late September, when more sellers return from vacation and begin re-releasing or newly listing their properties for the fall market.
Contracts Signed (The 30-Day Pace of Buyer Demand):
Over the last 30 days, 811 apartments went under contract. This is 9.8% less than this time last month and 2.6% less than this time last year. It’s no surprise that contact-signing activity slows during August, but don’t expect it to pick up immediately either. The fall market typically follows a familiar cadence: listings come on in September, and buyers begin putting them into contract in October. As a result, contract activity will likely start to increase later this month and continue into October. Looking at the weekly numbers, 150 units were put into contract last week, a 21.5% decrease from the previous week. Weekly contract signings are expected to remain modest through mid-September, until buyers have significantly more new inventory to choose from. Once that happens, activity should ramp up as buyers begin putting properties under contract in October.
201 West 70th Street
- 387 Units
- 41 Stories
- Built in 1971
One Sherman Square is a commanding postwar co-op tower featuring a welcoming circular driveway and surrounding gardens. Residents of the pet-friendly building enjoy a contemporary lobby, 24-hour doorman and concierge service, live-in superintendent, gym, laundry, a glorious landscaped roof deck with spectacular views, and an onsite parking garage.
One Sherman Square Sales By Year:
2025 Sold Unit Breakdown
Number of Sales Per Month: 2025
2024 - 20 Units Sold
Sold Unit Breakdown
Number of Sales Per Month
About Dylan Hoffman
Dylan Hoffman
With a stellar track record of success spanning over two decades, Dylan Hoffman has become one of the most well-regarded brokers in New York City real estate. Known for his deft ability to simplify complicated transactions, stay abreast of the ever-evolving marketplace and connect with his clients in a meaningful way, he's a powerful resource for buyers, sellers, renters and investors. It's no surprise that his dynamic approach has driven The Hoffman Team at Compass to the upper echelons of New York City success: The team ranked No. 4 in transactions and No. 11 in dollar volume according to WSJ/REAL Trends.
As a New York real estate investor himself, Dylan is ever-mindful of the fact that he's dealing with his clients' most prized assets, which drives his laser-focus on maximizing value. He's assembled an extensive local network, and he provides expert guidance in everything from securing financing and legal advice to finding the best architects and contractors. From the initial consultation to the closing table, Dylan is a trusted advisor, skilled negotiator and expert broker ready to help clients exceed their unique real estate goals.
A California native, Dylan studied theater at California State University, putting himself through college and an acting conservatory with a multitude of roles in commercials, on television and with national touring companies. Today, Dylan resides on the Upper West Side with his wife and two children. In his free time, he can be found with his family, enjoying Central Park or exploring Manhattan on a CitiBike.
Past & Current Building Deals:
Emma’s Favorite Neighborhood Spots:
Central Park
72nd Street & Riverside Drive Dog Run
Riverside South Dog Run (72nd Street, under the highway)
South Riverside Park Dog Run (Riverside Blvd. btw 66th/65th)
87th Street Dog Run (Riverside Park at 87th Street)
Bull Moose Dog Run (81st Street and Columbus Avenue, by the Museum of Natural History)