Since tax abatements, including 421-a and J-51, last for a certain number of years and begin to phase out at a certain point, it’s important to know if a building is part of one of these city- or state-sponsored...
Author - Marketproof
NYC property tax charts help you know what the future looks like
Marketproof New Development & Condo, the leading condo data and analytics platform, now provides handy charts showing historical and future property taxes for NYC new development and resale condos. Share the data In...
NYC residential tax abatements: all you need to know (421-a, J-51)
New York City offers several different tax abatements to building developers that can lower condominium units’ property taxes for a set number of years. Their goal is usually to incentivize development in certain...
News: Rising rates slow new development sales in Brooklyn, Queens (The Real Deal)
Manhattan stayed hot, but activity cooled in the outer boroughs, where buyers are more reliant on financing. New developments in the city reported 397 signed contracts for sponsor units in April, a 14 percent dip from...
April 2022 Report: Sponsor Contracts Dip, But The Market Is Still Elevated
New York City’s new development market reported 397 sponsor contracts in April 2022, showing a 14% drop in overall volume from March that was more pronounced in the outer boroughs. Manhattan had a slight 3% dip while...
March + Q1 2022 Report: Contracts Spike 15%, Ending Strongest 1st Quarter on Record
New York City’s new development market just completed its strongest first quarter and third most active quarter to date since Marketproof began tracking sponsor contracts in 2015. Condominium projects across Manhattan...
News: NYC new development sales stay hot, but prices show signs of stabilizing (The Real Deal)
Sales of new development condos in the city just posted their strongest first quarter — and third-most-active quarter overall — since at least 2015, according to a new report from Marketproof. Developers in Manhattan...
News: New York’s First Supertall Tower Outside of Manhattan Rises in Brooklyn (New York Times)
The 1,066-foot Brooklyn Tower is launching sales as the luxury market once again booms, but concerns about supertall tower construction are still fresh in buyers’ minds. Among the apartments currently listed, the...
Your Guide to NYC Affordable Housing
Here in New York City, we spend a lot of time talking about how unaffordable everything is (That cocktail is $20? You pay $3,000 a month to live in 300 square feet?), but the truth is that there’s an entire governmental...
February Report: NYC New Developments Report 26% More Sponsor Contracts; Queens is Gaining an Edge
February was another strong month for new development sales across New York City. Developers reported 402 new sponsor contracts, a 26% increase from the month prior and a 35% increase over the same period last year...
