Blocks & Lots

New Development Market Report: Oct 5 – Oct 11, 2020

Marketproof is a real estate marketplace for NYC new development condos. It is used by real estate professionals and all kinds of people looking to buy or sell new condos. Only 10% of available new condos are listed on popular listing sites. The rest is hidden in ‘shadow inventory’. Marketproof New Development makes this inventory available to all.

This is a sample of Marketproof’s Weekly Newsletter, which goes out on Thursday afternoons. The Premium edition goes out on Monday mornings to Marketproof New Development subscribers. Subscribers can click thru the links to the contracts, sales, listings, and analysis mentioned. You can subscribe, get a Basic 7-day free trial.


Over the last 12 weeks 63% of the 205 buildings that have listed units for sale, have reported contracts signed.

New to the list, is One Prospect Park West, the 56 unit project in Park Slope. 1PPW logged it’s first 3 contracts since launching sales. Among them is the highest-priced unit in the building, a 3,075 square foot penthouse with a 1,122 square foot roof deck facing President Street and Prospect Park. The asking price was $6.5M.

The new development market has seen remarkably consistent contract activity over the last 12 weeks. This past week saw 34 contracts reported signed across 19 buildings. With the exception of 1PPW, the names are a roundup of the usual suspects.

130 William Street topped the list with 8 contracts, including 2 4-bedroom units with asking prices of $6.49M and $6.645M. This adds to the 10 contracts reported in the previous week and brings the total to date up to 60.

Lantern House, in West Chelsea, scored 5 more contracts, four 1-bedroom, and one 2-bedrooms unit. This brings its total to 26 since reporting its first batch of 10 contracts on August 1.


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