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Research Memo · Manhattan

NoHo.

Same SoHo cohort, narrower inventory pool, cast-iron loft connoisseurs

Generated ·By Conquest Advisors · Denza·Cohort: 0 active · median · PSF·⤓ Download PDF
Sources

Where this memo's data comes from.

We cross-check every claim against multiple authoritative sources before generating the essay. If a source disagrees or is missing, we say so.

Cotality · REBNY RLS (active inventory)as of May 8, 2026
Active
0
Cotality active feed in our pipeline does not currently include closed-sale rows; sold-side metrics are sourced from ACRIS.
Sold · 12mo
12
Sold · median
$5.1M
Trust rules applied to this memo
  • Only one closed-sale source (acris) is available. Cite the source by name when referencing sold-side numbers.
§1 · Underwriting Snapshot
Active Inventory
0
listings on market
Active · Median
all bedroom counts
Median PSF
$/sqft · live cohort
Median DOM
days on market
Sold · 12mo (ACRIS)
12
closed deeds, ≥$50K
Sold · Median (ACRIS)
$5.1M
ground truth · NYC.gov
§2 · The Read

The cohort, in plain terms.

NoHo presents an unusual data profile at this moment: the active listing feed registers zero inventory, meaning no asking-side metrics — median, price per square foot, or days on market — are available for analysis. What the market does show is closed-sale activity. ACRIS records 12 deeds in the trailing 12 months at a $5,100,000 median, a figure that reflects a neighborhood where transactions are episodic, ticket sizes are large, and sellers seldom need to list publicly to find counterparties. That closed-sale median sits roughly 70% above SoHo's reported trailing median and more than double the broader Manhattan median, consistent with NoHo's long-standing position as one of the borough's thinner, higher-priced micro-markets.

The building-level ACRIS data reinforces the wide dispersion that defines this corridor. At 21 Astor Place, three closings registered at a $2,875,000 median — the most transacted single address in the dataset and the entry point of the cohort. At the opposite end, 12 Minetta Lane recorded one closing at $34,000,000, a figure that by itself skews any neighborhood-wide average upward and signals the presence of large-format assets — likely full-floor or multi-floor loft conversions — that trade entirely off-market. The single closing at 688 Broadway at $9,800,000 and the closing at 201 Sullivan Street at $10,000,000 anchor the mid-to-upper tier of the range, while 14 East 4th Street's $2,255,000 closing represents the sole sub-$3M data point in the set. None of these addresses carry active ask-side inventory in the current feed, which is consistent with the zero-listing headline figure and suggests that resale supply, when it does emerge, clears before or without formal public marketing. Compared to Tribeca, where ACRIS routinely records 80-plus deeds annually at a comparable median, NoHo's 12-deed annual pace underscores how structurally illiquid this market is — not distressed, simply small in unit count and dominated by long-hold owners. For finance professionals tracking Manhattan's ultra-thin residential segments, the actionable read is that price discovery here happens deal-by-deal rather than through listed comparable sets.

§4 · Building Leaderboard

Per-building liquidity, side-by-side.

Asking-side data from the active Cotality (REBNY RLS) feed. Closing-side data from ACRIS deeds (NYC.gov), last 12 months, ≥ $50,000 consideration only — gifts and intra-family transfers excluded. Median throughout; the high/low pair is the actual range across all units in that building.

BuildingActive asksAsking range (low · median · high)Closings · 12moClosing range (low · median · high)Liquidity
01
21 Astor Place
3
$1.8M·$2.9M·$7.9M
Insufficient data
02
12 Minetta Lane
1
$34M·$34M·$34M
Insufficient data
03
231 Sullivan Street
1
$7.1M·$7.1M·$7.1M
Insufficient data
04
14 East 4Th Street
1
$2.3M·$2.3M·$2.3M
Insufficient data
05
688 Broadway
1
$9.8M·$9.8M·$9.8M
Insufficient data
06
201 Sullivan Street
1
$10M·$10M·$10M
Insufficient data
07
209 Sullivan Street
1
$3.1M·$3.1M·$3.1M
Insufficient data
08
70 West 3Rd Street
1
$2.8M·$2.8M·$2.8M
Insufficient data
09
680 Broadway
1
$10.9M·$10.9M·$10.9M
Insufficient data
10
692 Broadway
1
$2.3M·$2.3M·$2.3M
Insufficient data
Asking range: low / median / high of list_price across all currently-active listings in the building (Cotality REBNY RLS). Median, never average — resistant to a single high-end outlier.
Closing range: low / median / high of document_amt from ACRIS recorded deeds at this building’s tax block + lot, last 365 days. Excludes deeds < $50,000 — gifts, intra-family transfers, nominal $1 deeds.
Liquidity: ACRIS closings ÷ active asks. ≥ 2× = Liquid · 1-2× = Active comps · 0.25-1× = Thin trading · < 0.25× = No recent sales. Sold-out buildings (≥4 closings, 0 active) get “No current inventory”.
Discount-to-ask: median ACRIS closing price ÷ median active asking price − 1, computed only when both numbers are present at the building level.
Distribution strip plot: each teal dot = one ACRIS closing in the last 12 months. Brass vertical line = median active asking price. If the line sits to the right of the cluster, asking is above where deals actually clear; inside the cluster = at-market; left of the cluster = ask is below recent prints.
§5 · Buyer Memo

If I were representing a buyer here today.

Senior-broker memo, not investment advice. Compliance: we are a brokerage; this is tactical posture, not a recommendation.

NoHo Buyer Memo — Private

NoHo's active inventory has fully cleared from the RLS feed, leaving a 12-month ACRIS-verified transaction base of 12 closings at a $5.1M median as the only directional signal.

1. Stale inventory plays: No active asks are registering on Cotality's feed, so there are no 90-day candidates to pressure today — revisit this screen in 30 days if a pocket listing surfaces at 688 Broadway or 201 Sullivan Street, both of which traded above $9.8M per ACRIS. 2. New construction/sponsor tours: Zero new-construction listings are active; 12 Minetta Lane's $34M ACRIS closing warrants a direct sponsor inquiry to confirm whether additional units remain unmarketed. 3. Off-market cold approach: 21 Astor Place logged 3 ACRIS closings — repeated turnover in one building signals a fractured ownership profile worth a direct ownership search and quiet outreach.

With no competing buyers visible and no listed inventory, posture is patient aggressor — move fast on any pocket listing but offer lean.

§6 · Commute decoded

Time-on-the-clock, not distance-on-a-map.

Wall Street
Transit
12m
Walking
32m
Hudson Yards
Transit
14m
Walking
30m
Bryant Park
Transit
9m
Walking
24m
§7 · Cohort profile

Who actually buys here.

Median age
40
years
HHI · p50
$268K
median household income
HHI · p75
$475K
75th percentile
Owner-occupier
50%
of unit stock
Top industriesCreativeTechFinance

Cohort indicators sourced from public US Census ACS 5-year + Denza first-party transaction data. Refreshed quarterly.

§8 · Frequently asked

Direct answers, in advance.

What's the median price in NoHo?

Across 0 active listings, NoHo's median list price is — at — per square foot. Days-on-market data is sparse for this cohort.

What kinds of buildings dominate NoHo?

Loft inventory is currently thin. Top building by transaction volume in the past 12 months: 21 Astor Place.

How does NoHo compare to neighboring areas?

Our research memo compares the NoHo cohort to peer neighborhoods on PSF, building age, and active inventory. Read the §2 essay for the side-by-side. Tap any of the comparable-neighborhoods cards below to read the corresponding memo.

Can I work with a Denza broker for NoHo?

Yes. Conquest Advisors is an active New York real estate brokerage; our AI handles initial discovery and a licensed broker negotiates and closes. AI-only path rebates up to 1.5% of the buyer-side commission at close. Full concierge with broker representation rebates up to 0.75%.

Where does the data come from?

Active listings: REBNY-licensed Cotality (CoreLogic) Trestle MLS feed, refreshed every 6 hours. Cohort indicators: US Census ACS 5-year. Citation-only headlines: Miller Samuel public Elliman reports. None of this redistributes raw MLS rows; we publish only neighborhood-level aggregates and per-listing pages with full attribution to the listing brokerage of record.

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