Press

Developers have benefited from the shift. The Henry, on West 84th Street, has sold 70% of its 45 units since its launch in September 2024, according to the developer, Naftali Group. And about 86% of the apartments at the Rockwell, Toll Brothers' 81-unit building on West 103rd Street, have been scooped up since sales started in 2023, data from Marketproof show.

"Just like with anything, when there's demand and little inventory, the price of Upper West Side apartments will go up," said Miki Naftali, CEO of Naftali Group, which developed several projects in the area in addition to the Henry.