The Manhattan condo market this summer was like deep-sea fishing: Not many deals rolled in, but they tended to be big.
A total of 511 condo deals closed from July through September in the borough, down from 614 in the second quarter, according to an analysis by The Real Deal. The average sale price, meanwhile, rose to $3.6 million from $2.7 million per deal in the second quarter and $2.4 million a year ago.
The larger deals pushed total sales volume up to $1.85 billion — a 13 percent increase from the prior quarter’s $1.63 billion.
One building in particular played an outsize role in this shift: Vornado Realty Trust’s 220 Central Park South. It single-handedly accounted for almost a third of the quarter’s sales volume, with 16 units closing for a total of