Market Overview I Upper East Side I February 2026
Every month, we dive into the $1M+ market to uncover trends, then take a closer look at new developments, the luxury segment, and the key factors shaping our city’s real estate landscape.
In February, the TriBeCa market displayed a strong upward trend across various segments, characterized by significant growth in contracts and dollar volumes. The overall market, above $1M, saw an increase in contracts signed, with a 18 percent rise compared to the prior year with 20 contracts signed. Of these, the highest contract signed was 70 Vestry Street, Penthouse which then had a swift closing in the same month for $57,000,000. For new listings, there was also a 25 percent increase with 20 new listings in this period with the highest priced new listing being $14,900,000 at the Artisan Lofts. The dollar volume for new listings jumped 76 percent year over year with $152M in dollar volume. Following this trend, there was also an increase in sales by 34 percent for 24 sales.
New development activity showed resilience with recorded sales climbing 301 percent year over year. Despite a $1,657 average price per square foot in these sales, down by 33 percent, the average price reached $3.44M which is also a decline of 65 percent. Dollar volume in new developments grew by 41 percent to $14M. Although there were decreases there, with the increase in sales the dollar volume still showed resilience with a 41 percent increase at $14M. There were also 3 contracts signed and one new listing during this month.
Strong performance was observed in the resale condo market, with a 19 percent rise in contracts at 13 contracts. The PPSF stayed consistent with only a very minor increase, while average price increased by 64 percent landing at $8.99M very much swayed by the contract at 70 Vestry flagged above. New listings stayed consistent year over year while sales saw an uptick in volume and dollar volume.
Though resale co-op contracts dropped by 51 percent, that is only a difference of two contracts signed as this market moves slower in TriBeCa and there is less inventory. The average price increased slightly to $4.35M. However, the dollar volume fell by 44 percent, reflecting mixed activity in this segment. There were 3 new listings in this segment, which is a 51 percent increase year over year, with one sale this month.
Overall, TriBeCa's real estate market in February 2026 exhibited robust growth, underlined by increased average prices and dollar volumes, signaling sustained demand across property segments.
Disclaimer: All information is deemed reliable but not guaranteed. Prices, sales, and listings are subject to change and should be independently verified. This report is for informational purposes only and does not constitute financial or investment advice. Source: MarketProof, $1M+ Sales, 2026.
