A steady AUP decline...until now!
One Manhattan Square
One Manhattan Square is our subject property — an 80-story luxury condo at 252 South Street on Manhattan’s Lower East Side waterfront. With the overview and amenity set reviewed, let’s look at some price trends.
Since opening in 2018, the Average Unit Price (AUP) has declined...until 2025. Here’s what I’m seeing:
2018 – AUP: $2,363,000 | Price/SqFt: $2,044
2019 – AUP: $1,797,268 | Price/SqFt: $2,057
2020 – AUP: $2,100,524 | Price/SqFt: $1,971
2021 – AUP: $1,864,093 | Price/SqFt: $1,777
2022 – AUP: $1,801,819 | Price/SqFt: $1,791
2023 – AUP: $1,654,562 | Price/SqFt: $1,777
2024 – AUP: $1,567,930 | Price/SqFt: $1,567
2025 – AUP: $1,591,610 | Price/SqFt: $1,642
What does the uptick mean?
Only more premium units may remain
The market may be correcting post-COVID
Or perhaps, price-per-square-foot doesn’t tell the full story
I’ll go deeper into line-by-line and layout-specific insights — including the best views, most value per square foot, and highest premiums — in upcoming posts.
Connect with Alex to unlock 10002, NYC, and the Empire State.
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