200 Chambers St - Market Report

200
CHAMBERS
STREET
YEAR TO DATE REPORT
200 Chambers Street, New York, NY 10007
January 1st - October 31st, 2023
JAIME AGUILERA
Lic. Associate Real Estate Broker

200 Chambers St - Year-to-Date Sales Report
Sales Activity: January 1 - October 31, 2023.
Size
Average Sales
Price
Sold Units
(YTD)
Avg. $/PSF % Change
(YTD 2023 vs YTD 2022)
Average Days
on Market
Studio $975,000 1 no data 152
1 Bedroom $1,458,929 7 6.27% 75
2 Bedroom $2,675,000 2 2.97% 47
3 Bedroom $3,787,500 2 3.37% 26
Total $2,009,375 12 3.42% 68
Market Overview:
During the period from January 1st to October 31st, 2023, property sales at 200
Chambers St exhibited substantial shifts when compared against the same period in
2022. These shifts were manifested across various pivotal market indicators:
Sales Price: 2023 brought about a renewal in terms of sales price. The average sales
price rose to $2,009,375, reflecting a healthy 3.42% growth compared to 2022's average
of $1,896,818.
Days on Market: Properties are selling faster in 2023, averaging 68 days on the market,
a decrease from 75 days during the same period in 2022.
Units Sold: So far in 2023, 12 units have been transacted, up from 11 in the same period
of 2022, indicating a heightened demand for building properties.
Sales Volume: As of 2023, the sales volume has hit $24,112,500, marking a notable rise
from $20,865,000 in the same timeframe of 2022.
Price per SF: The overall average price per square foot for the building stands at $1,961,
indicating an upward trend from the previous year and signifying market maturity.
Studio Apartments: The year 2023 has seen the sale of a single studio unit for
$975,000. This unit stayed on the market for an average of 152 days.

200 Chambers St - Year-to-Date Sales Report
1 Bedroom Units: There was clear demand for 1-bedroom apartments, with 7 sold at an
average of $1,458,929, closing typically within 75 days. The average price per square
foot rose by 6.27% from 2022.
2 Bedroom Units: Two 2-bedroom units were sold, with an average price of $2,675,000.
These units were quickly snapped up within an average of 47 days, and the average
price per square foot experienced a decrease of 2.97% compared to the previous year.
3 Bedroom Units: As of 2023, two 3-bedroom units have sold for an average of
$3,787,500 each, spending an average of 26 days on the market. The price per square
foot has increased by 3.37% since 2022.
Summary: The first ten months of 2023 for property sales at 200 Chambers St presented
an optimistic scenario. With a discernible increase in the average sales price, coupled
with the swifter sales pace (shorter DOM), it's evident that the building's appeal remains
strong. The upward trajectory in the price per square foot, combined with the slight
increase in units sold, underscores the building's robust standing in the market,
resonating well with buyer preferences.
Recent Sales:
Apartment Size Sold Price $/PSF DOM Date Sold
21A 3 Bedroom $4,200,000 $1,908 29 9/18/2023
5J 1 Bedroom $1,310,000 $1,935 71 8/28/2023
3P 1 Bedroom $1,372,500 $1,969 90 8/23/2023
2T Studio $975,000 $1,819 152 8/11/2023
5D 2 Bedroom $2,450,000 $2,018 68 6/30/2023
19F 1 Bedroom $1,560,000 $2,069 24 6/23/2023
5C 2 Bedroom $2,900,000 $1,890 26 4/27/2023
16F 1 Bedroom $1,570,000 $2,077 18 3/30/2023
3F 1 Bedroom $1,320,000 $1,750 134 3/13/2023

200 Chambers St - Year-to-Date Rental Report
Rental Activity: January 1 - October 31, 2023.
Size
Average Asking
Rent
Leased
Units (YTD)
Avg. Asking Rent % Change
(YTD 2023 vs YTD 2022)
Average Days
on Market
Studio $5,300 1 12.01% 10
1 Bedroom $6,158 19 3.29% 23
2 Bedroom $10,500 4 6.44% 77
3 Bedroom $15,250 2 3.27% 36
Total $7,492 26 2.53% 32
Rental Market Overview:
From January 1st to October 31st, 2023, the rental scene at 200 Chambers St illustrated
significant market trends and dynamics when compared to the same period in 2022.
Average Rent: Throughout the year until the end of October 2023, the average asking
rent stood at $7,492, while for the same period in 2022, it was $7,687.
Days on Market: Properties at 200 Chambers St had an average market duration of 32
days in 2023, indicating market responsiveness and adaptability when compared to the
37 days in 2022.
Breakdown by Unit Type:
Studio Apartments: A single studio apartment was leased at an average asking rent of
$5,300, marking an increase of 12.01% from the previous year. The unit was on the
market for an average of 10 days.
1 Bedroom Units: The 1-bedroom apartments segment witnessed 19 units being leased
at an average asking rent of $6,158, reflecting a 3.29% increment from 2022. These
properties remained on the market for an average duration of 23 days.
2 Bedroom Units: Four 2-bedroom units found tenants in 2023, with an average asking
rent of $10,500, marking a 6.44% increase compared to the previous year. These units
had an average market presence of 77 days.

200 Chambers St - Year-to-Date Rental Report
3 Bedroom Units: Two 3-bedroom apartments were rented out at an average asking rent
of $15,250, denoting a 3.27% growth from 2022. These properties were available on the
market for an average of 36 days.
Summary: The first ten months of 2023 for 200 Chambers St presented a dynamic rental
market. Despite the slight decrease in the total average asking rent, the varied trends
across unit types signify a responsive and evolving market. The Average Days on Market
indicates a more fluid movement of properties, and the increase in average asking rents
across most unit types underscores the strong demand and value perception of the
building in the current market.
Recent Rentals:
Apartment Size Last Asking Price DOM Leased Date
18F 1 Bedroom $6,500 42 10/20/2023
3P 1 Bedroom $6,000 13 10/10/2023
7P 1 Bedroom $6,500 14 8/24/2023
5F 1 Bedroom $6,000 3 8/18/2023
6G 1 Bedroom $6,000 36 8/6/2023
29D 3 Bedroom $15,500 40 7/27/2023
2E Studio $5,300 10 7/20/2023
5P 1 Bedroom $6,400 21 7/17/2023
15D 3 Bedroom $15,000 32 6/27/2023
7M 1 Bedroom $5,700 21 6/20/2023
2U 1 Bedroom $5,900 18 6/13/2023
4P 1 Bedroom $6,000 29 6/13/2023
16F 1 Bedroom $6,500 5 4/20/2023
14F 1 Bedroom $6,350 32 4/20/2023

RECENT
SALES
AND
RENTALS

SOLD
200 CHAMBERS ST #5J
$1,310,000
1 BED | 1 BATH
677 SQ. FT.
SOLD
200 CHAMBERS ST #3F
$1,320,000
1 BED | 1 BATH
754 SQ. FT.

RENTED
200 CHAMBERS ST #2U
$5,900
1 BED | 1 BATH
714 SQ. FT.
RENTED
200 CHAMBERS ST #2N
$5,750
1 BED | 1 BATH
625 SQ. FT.

RENTED
200 CHAMBERS ST #16F
$6,500
1 BED | 1 BATH
754 SQ. FT.
RENTED
200 CHAMBERS ST #14F
$6,350
1 BED | 1 BATH
754 SQ. FT.

Jaime Aguilera
Lic. Associate Real Estate Broker
212 470 8774
110 Fifth Avenue
New York, NY 10003