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...
Author - Marketproof
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...
News: New development activity spikes in February — even in Queens (The Real Deal)
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...
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...
