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 - 10/20/2025
The Luxury Sector:
TThirty contracts were signed last week in Manhattan at $4 million and above, five more than the previous week. Condos outsold co-ops, 19–7, with four townhouses in the mix. For the first time since the week of June 2, 2014, the top five contracts were on the Upper East Side. It was reported in the Wall Street Journal and on the website Curbed about the trendy resurgence of the Upper East Side! The No. 1 contract signed last week was a townhouse at 18 E. 71st St. asking $29 million. It was listed in the middle of September. It was owned by Bill Cosby and was subject to foreclosure proceedings. The No 2 contract was a triplex at 895 Park Avenue asking $21.5 million reduced from $29.75 million when it was listed back in March.
Overall City/Market Supply:
There are currently 6,937 listings on the market ready to sell. That’s an increase of 5.9% from last month and .8% from this time last year. Overall, market supply growth is slowing, so whether we reach the 7,000-handle this fall season remains to be seen – but it’s going be close. Looking at the weekly numbers, 309 new listings came on the market last week, representing a 16.9% drop week-over-week. While this is typical for this time of year, it would be encouraging to see more inventory come online and help attract buyers into the market. As we move further into October, expect the weekly supply rate to continue decreasing, which is aligned with historical trends as the fall selling season starts winding down. An interesting note: off-market activity increased 4.4% week-over-week, with 142 listings coming off market unsold. This is a notable trend to watch, as it may signal seller hesitation and/or missed expectations on pricing.
Liquidity Pace (The 30-Day Pace of Buyer Demand):
Last week, 848 apartments were reported under contract – 19.8% more than last month, a healthy gain. However, for the first time in many months, the year-over-year contract rate declined, down 4.6% compared to the same time last year. So far, the fall market has yet to hit its stride in terms of stringing together strong, consistent weeks of contract signings – a pattern that is typically seen in October, often referred to as the “contract sign” month of the fall season. Looking at the weekly numbers, 206 apartments went into the contract last week, a 3.5% increase from the week prior. This is also the second consecutive week where the weekly contract rate total exceeded the 200 mark, which is a positive sign. That said, the weekly pace will need to post substantial gains in the coming weeks to close the nearly 5% year-over-year gap, and to reach the anticipated 900+ contract signings expected for 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)