The StreetEasy Monthly Cheat Sheet is a recurring feature that looks at the New York City for-sale market over the last four weeks, highlighting a combination of market data, StreetEasy user behavior, and topical trends. This is the report for May  2018.

$68M Co-op at the Sherry Netherland in Lenox Hill

Most expensive: The most expensive listing to hit the market in May is a $68,000,000 7-bedroom co-op at the Sherry Netherland. Located at 781 Fifth Ave. on the corner of 59th Street, the Sherry Netherland is no stranger to luxury listing roundups. Last year, a $32,000,000 lower-floor co-op was included in the August Cheat Sheet, and this very same 7-bedroom, 8-bathroom co-op was featured back in June. It was then listed for $78,000,000, and remained on the market for three months until it was delisted in September.

The huge home is now listed for $10,000,000 less, despite not much having changed about it. The apartment spans the entire 18th floor of this iconic New York building, and offers three separate terraces, one of which overlooks Central Park. The place has ritziness written all over it, with details and wood paneling just about everywhere. The layout recalls a crenulated castle, with multiple dens, studies and dressing rooms, as well as a private service elevator and solarium.

$53K Studio in Tremont

Least expensive: The least expensive property to come on the market in May is a large studio at 2025 Valentine Ave. #6B in the Tremont section of the Bronx. Listed for $53,900, and measuring 450 square feet, the co-op has a price per square foot of $117 — impressively low for New York City, where the average is $990. The unit is located on the top floor of a six-floor co-op in an elevator building from the 1940s.

From the listing photos, it looks like the property has good bones, with crown moldings, parquet floors, arched entryways and built-in shelves. Prewar details aside, the apartment could clearly use a little TLC. And while the price can’t be beat, that’s partly because this is an income-restricted HDFC unit, meaning only qualified buyers may purchase it. The building also is only accepting cash offers, further limiting the pool of potential buyers.

$549K 1-Bedroom in Greenwich Village

Most popular: The most popular listing last month was a $590,000 1-bedroom co-op at 193 Bleecker St. #12A in Greenwich Village. This co-op is a rare find — a true 1-bedroom in the heart of Downtown Manhattan for less than $550K. No surprise, then, that it racked up nearly 540 saves last month.

The interiors offer a clean look and feel, with several south-facing windows and a recently updated kitchen. An exposed brick wall contributes classic downtown charm. The real pull of the apartment, however, is its location in the heart of Greenwich Village. Located on the corner of Bleecker and MacDougal, this place is steps from Washington Square Park, NYU, and bustling Bleecker Street, not to mention SoHo and the West Village. Being in the middle of the Village might not suit everyone’s taste, and life on a fourth floor walk-up will certainly not suit everyone’s quad strength. But if you’re down for a hectic neighborhood and huffing and puffing up four flights of stairs, this place has clear appeal.

Psst! The ‘Pumpkin House’ Got a Major Discount

Biggest price cut: What happens when a multimillion-dollar listing that looks like a jack-0′-lantern has been on and off the market for nearly two years? It gets a massive price cut. The much talked-about “pumpkin house” at 16 Chittenden Ave. in Hudson Heights hit the market back in August 2016 for $5.25 million. It was taken off the market, but returned last June for $4,250,000. In October, the price dropped by 17 percent to $3,500,000, only to drop another 18 percent this May to $2,900,000.When lit up at night, four of the property’s windows resemble a jack-o’-lantern, which has given rise to its moniker and reputation. But while the name might suggest kitsch, the property is anything but.

Perched on a cliff overlooking the Hudson River, this 6-bedroom, three-story home is truly unique, with stunning views, incredible outdoor space and rare historic details. The current decor ups the home’s singular look and feel, but even without the eclectic art and walls of books, this place would be special. Stained glass, wood-paneled walls and a marble-laden mantlepiece provide old-world elegance. Add to the mix a walled-in inner garden and a two-car garage, and this place is clearly a New York City unicorn.

$42.697 Billion

Value of all sales: For May 2018, the total value of all sales listings added up to $44,697,441,881. This is a substantial jump over the total value of all sales for April, which was $42,591,670,461. The steady increase continues the growth in total sales value since the start of the year — a clear indication that we’ve reached the height of home-shopping season. It will be exciting to see if the market continues to grow in June, so check back for next month’s edition of the StreetEasy Cheat Sheet.
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