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...
Latest Posts
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...
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...
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...
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...
The Towers of the Waldorf Astoria (301 Park Avenue)
One of NYC’s most iconic hotels gets a new life as luxury residences. The Waldorf Astoria is an Art Deco landmark that was built in 1931 as the world’s tallest hotel, a title it held for more than 30...
The Centrale (138 East 50th Street)
The Centrale is a contemporary take on Midtown Manhattan’s classic Art Deco architecture. The Centrale is a 71-story luxury condominium located on the border of Turtle Bay and Midtown East. Ceruzzi Properties...
Umbrella Factory (710 Metropolitan Avenue)
A former 1943 umbrella factory, still intact with all its notable charm at the heart of East Williamsburg, Brooklyn. The original structure at 710 Metropolitan Avenue was formerly home to the Embee Sunshade Company, one...
