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 - 12/01/2025

The Luxury Sector:

In a Thanksgiving– shortened week, 19 contracts were signed at $4 million and above, which is 10 fewer than the previous week. Condos outsold co-ops 8–7, with four townhouses rounding out the mix. Despite the holiday slowdown, last week’s total still exceeded the 10-year Thanksgiving-week average of 17 contracts at $4M+. The top deal of the week was 61A at 53 W. 53rd St., asking $23,290,000, sold by the developer who first began marketing the building in 2015. The second highest contract was a townhouse at 152 W. 13th St., asking $19,995,000, which came on the market at the end of September.

Overall City/Market Supply:

There are currently 6,303 listings on the market, which is 8.1% less than last month, 0.1% less than last year, and exactly 160 fewer units than last week. Nothing surprising here–overall supply continues its expected seasonal decline as we close in on the end of 2025. Looking at the weekly numbers, only 86 new units came on the market during the Thanksgiving–shortened week, a 62.8% drop from the week prior. Expect a rebound this week simply because last week was a holiday, but the broader trend remains firmly downward. Inventory should continue to shrink, with the seasonal low for winter 2025/2026, likely landing in the 5,500–5,750 range before listings begin to build again heading into the spring market.

Liquidity Pace (The 30-Day Pace of Buyer Demand):

Last week, the 30-day pace of buyer demand clocked in at 1,053 units going into contract, which is quite strong–38% higher than last month and 5.2% higher than this time last year. Buyers are still putting property into contract deep into the 2025 fall season. Looking at the weekly numbers, 131 contracts were signed, which is 33.8% lower than the previous week, but still solid given the week shortened Thanksgiving-week. It’s also worth remembering that the five-year historical norm for November is around 850 contracts signed – and this November has easily surpassed that benchmark.

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.

• Purchase Application Requirements (here)

• Sublease Application Requirements (here)

One Sherman Square Sales By Year:

2024 - 20 Units Sold

About 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)

Contact Dylan: