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GREENWICH<br />
CLUB<br />
RESIDENCES<br />
ANNUAL REPORT<br />
January 1st / December 31st <strong>2021</strong><br />
JAIME AGUILERA<br />
at Douglas Elliman Real Estate
GREENWICH CLUB<br />
<strong>2021</strong> Sold Inventory<br />
Type Sales Volume Ft2 Units<br />
Avg. Days<br />
on Market<br />
<strong>St</strong>udio $7,632,000 7,<strong>88</strong>9 Ft2 13 162<br />
1 BR $5,176,500 4,544 Ft2 6 127<br />
2 BR $7,434,000 5,580 Ft2 4 120<br />
3 BR - - - -<br />
Total $20,242,500 18,013 Ft2 23 145<br />
<strong>88</strong> <strong>Greenwich</strong> <strong>St</strong>reet<br />
New York NY 10006
GREENWICH CLUB<br />
Year-Over-Year Sales 2020-<strong>2021</strong><br />
Type<br />
Sales Volume<br />
$ (YR)<br />
Sold Ft2<br />
(YR)<br />
Sold Units<br />
% (YR)<br />
<strong>St</strong>udio $4,632,000 4,692 Ft2 160%<br />
1 BR $1,701,000 1,477 Ft2 25%<br />
2 BR $5,869,857 4,479 Ft2 300%<br />
3 BR $2,500,000 1,738 Ft2 100%<br />
Overall $6,301,357 5,956 Ft2 53%<br />
• Overall sales volume in <strong>Greenwich</strong> Club increased by<br />
53% year over year.<br />
• <strong>St</strong>udio and 2 bedroom sales moved above the prior<br />
year level as 1 bedrooms saw a 25% decrease.<br />
• The Financial District housing market closed out the<br />
year on full throttle with heavy sales volume, rising<br />
prices, and sharply falling listing inventory.<br />
<strong>88</strong> <strong>Greenwich</strong> <strong>St</strong>reet<br />
New York NY 10006
GREENWICH CLUB<br />
<strong>2021</strong> Lease Activity<br />
Type Units Leased Ft2<br />
Avg. Days<br />
on Market<br />
<strong>St</strong>udio 44 25,418 Ft2 33<br />
1 BR 26 18,784 Ft2 21<br />
2 BR 3 2,956 Ft2 24<br />
3 BR 2 2,853 Ft2 28<br />
Total 75 50,011 Ft2 27<br />
<strong>88</strong> <strong>Greenwich</strong> <strong>St</strong>reet<br />
New York NY 10006
GREENWICH CLUB<br />
Year-Over-Year Leases 2020-<strong>2021</strong><br />
Type<br />
Leased Units<br />
% (YR)<br />
Leased Ft2<br />
(YR)<br />
Price per Ft2<br />
% (YR)<br />
<strong>St</strong>udio 52% 8,526 Ft2 21%<br />
1 BR 63% 7,392 Ft2 19%<br />
2 BR 25% 1,791 Ft2 20%<br />
3 BR 200% 2,853 Ft2 -<br />
Overall 53% 16,980 Ft2 19%<br />
• Net effective median rent surged by a record annual<br />
rate.<br />
• The market share of landlord concessions, listing<br />
inventory, and vacancy fell annually at record rates.<br />
• Listing discount from the original asking price fell to its<br />
second tightest level on record.<br />
<strong>88</strong> <strong>Greenwich</strong> <strong>St</strong>reet<br />
New York NY 10006
Residence 3405 | 1BD | 1BA | $1,050,000
Residence 607 | 1BD | 1BA | $785,000<br />
Residence 828 | <strong>St</strong>udio | 1BA | $599,000
Penthouse 2 | 2BD | 3BA | $2,900,000 | SOLD
Residence 904 | 2BD | 2BA | $1,390,000 | SOLD
Residence 421 | <strong>St</strong>udio | 1BA | $510,000 | SOLD
Residence 302 | 1BR | 1BA | $672,500 | SOLD
Penthouse 1E | 1BR | 1BA | $4,200 | RENTED
Residence 2303 | 2BD | 2BA | $6,000 | RENTED
Residence 2504 | 1BD | 1BA | $3,600 | RENTED
Residence 1110 | 1BD | 1BA | $4,895 | RENTED
Jaime Aguilera<br />
Licensed Associate Real Estate Broker<br />
212 470 8774<br />
575 Madison Ave<br />
New York NY<br />
10022
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