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A Mixed Picture for Co-op Prices This Year

NEW YORK CITY-Overall average co-op prices are down compared to last year, although in most categories, ranging from three-to-3.5 up to seven-to-eight rooms, the prices are higher. Only apartments with nine rooms or more are cheaper, by 14%.

By John Howe | Updated on August 21, 2001

NEW YORK CITY-This year, average prices for cooperative apartments are higher in Manhattan’s most expensive neighborhoods, while the increasing availability seen in early 2001 seems to have stabilized, according to data compiled by Brown Harris Stevens, the brokerage firm based here.

Curiously, while overall average co-op prices are down slightly year-to-date, in most size categories they are higher than last year’s, except for the largest units. The average price for apartments with nine or more rooms has slipped 14% this year, but for those with three to 3.5 rooms the average is up 33%, four-to-five rooms units are averaging an increase of 17%, six rooms, +11% and seven-to-eight rooms, +14%, reports Brown Harris.

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