New York, NY 10028 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The neighborhood's primary market-value indicator, median sold price 9,379,500, signals very high-end transaction levels and, when combined with a relatively constrained active supply in the analyzed sample, suggests sellers of well-positioned SFR and condominium product retain pricing power — up.
2. The median days on market 438 points to slower sales velocity for closed transactions; this extended time to contract may indicate greater pricing friction or buyer selectivity despite high nominal values — slower sales velocity.
3. The median price per square foot 2,313 alongside a median market rent 4,611 indicates strong price and rent levels for the neighborhood; with price year-over-year trend reported as up and rent year-over-year trend also up, income-side fundamentals remain supportive for owners and investors.
4. Financing and carrying-cost context is important: Current 30-year fixed mortgage rates average 6.63% in ZIP 10028 and interest rate pressure is described as moderate, which may temper demand for marginal buyers and suggest cautious underwriting on price-sensitive listings.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.