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Why Manhattan Condos Are Selling At A Loss

Posted

November 25, 2025

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1 of 3 condos recently sold in Manhattan sold at a loss according to luxury real estate firm Brown Harris Stevens. Over the past 10 years, condo values across New York City have grown 16%, while many other major cities saw higher price growth according to Zillow data on condominiums and co-ops. Experts point to shrinking demand and slow real estate activity across the country. The Manhattan market flagged further as foreign investors pulled back on all-cash purchases of residential real estate.

Chapters:

Reporter: Robert Frank

Produced and Edited by: Carlos Waters

Additional Camera by: Gerard Miller

Senior Director of Video: Lindsey Jacobson

Graphics: Andrea Schmitz, Emily Park, Jason Reginato

Additional footage: Getty Images

Additional Sources: Brown Harris Stevens, Castle Avenue, Citizens Budget Commission, Federal Housing Finance Agency, National Association of Realtors, New York City Comptroller, Zillow

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Why Manhattan Condos Are Selling At A Loss

Guests & Subjects Covered

Brown Harris Stevens OverNew York CityThe ManhattanChapters Introduction ChapterCarlos Waters Additional CameraGerard Miller Senior DirectorCNBC TVWatch CNBC

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