New development sales stayed hot in February. Developments reported 402 sponsor contracts last month, a 35 percent increase from February 2021, according to a report from Marketproof. They asked a combined $1.07...
Author - Marketproof
What is an Environmental Impact Statement?
Environmental Impact Statements (EIS) can be described as executive summaries of the environmental (both to the physical land and to the societal environment) effects that a proposed development project will have on its...
Everything you need to know about rezoning in NYC
There’s so much news out there about different New York City neighborhoods being rezoned. Most people may understand that this means, very simply put, that more buildings will get constructed in said neighborhood. But...
News: There’s still plenty of new development condo units left to sell, Marketproof co-founder says (NY Biz Journal)
You’re not completely out of luck if you’re still in the market for a condominium unit in New York City, says Marketproof co-founder Kael Goodman. “There’s still plenty of inventory to sell,” Goodman told the...
One Manhattan Square leads NYC new development sales
Projects in Brooklyn and Queens tie for the second spot One Manhattan Square, Extell Development’s 814-unit condominium in Manhattan’s Two Bridges neighborhood, is selling faster than any other new development in New...
New Sales Velocity Tool Shows Which Developments Are on Top
Marketproof subscribers now have access to a new tool for comparing Sales Velocity among NYC new developments. What is sales velocity? Simply put, sales velocity is a measure of how quickly units are selling in a...
News: Agents, developers see bright future for new NYC condos (The Real Deal)
New development sales opened the year on a strong note. The first week of 2022 saw 80 contracts signed in the city at an average asking price of $1,703 per square foot, compared to 58 contracts averaging $1,660 per...
News: Deals for new condos cooled in January (The Real Deal)
After capping off 2021 with stratospheric sales, New York’s new development contract activity came back to earth in January. Homebuyers signed contracts for homes in Manhattan, Brooklyn and Queens new developments...
January Report: New Development Market Activity Normalizing as Prices Rise
Condo contract activity matches pre-pandemic levels, but prices are increasing. New York City’s new developments reported 313 sponsor contracts in January 2022, representing a 13% decrease from the month prior yet...
Star Tower (27-17 42nd Road)
Star Tower rises above Queens Plaza in Long Island City Star Tower is a 26-story luxury condominium in Long Island City from Eastern Star Development. The architect, JLS Designs, created a sleek glass tower that fits in...
