Since the first Manhattan condo was launched in 1965, nearly 3,000 condos have been developed with 115,000 units. Before condos, though, Manhattan was filled up with co-ops. You might expect that condo sales would have...
Tag - condos
Closings Have Commenced At One11 Residences At Thompson Central Park
GFI Development, a New York-based real estate developer, announced on December 5, 2023, that closings have commenced at ONE11 Residences at Thompson Central Park, located adjacent to Billionaire’s Row at 111 West 56th...
212 Fifth Avenue: Half-Priced Luxury Living on the Park
212 Fifth Avenue is an almost exclusively owner-occupied building at the nexus of the famous street and coveted Madison Square Park. Because the building offers neither studio nor 1-bedroom...
NYC New Development Market: 2022 Wrap-up and Predictions for 2023 and Beyond
Predicting the future is a low-probability but fun game. Nonetheless, we have five predictions for the NYC new development market for 2023 and beyond. Before we get into it, let’s take a quick look back at 2021 and 2022...
Find hidden, unpriced new development condos
The $250M penthouse at Central Park Tower was unpriced for six years before Extell unveiled it in September 2022. And there’s more where that came from. Did you know there’s another mega condo just one floor...
Brooklyn’s Condo Market Levels Up
The average price for a two-bedroom condo in Brooklyn has effectively doubled over the past decade – rising from $722K ($648 PSF) in 2012 to $1.25M ($1,141 PSF) in Q3 this year. And it’s not only prices that are rising...
Report: Manhattan Luxe New Dev Market Still Hot in September
The weather is cooling off, but Manhattan’s luxury new development market didn’t get the memo. Though new dev condo sales dipped slightly citywide in September, those for $4 million and up spiked 30% in Manhattan...
15 NYC condos and rentals new to the market
Coming out of the pandemic, the New York City real estate market is definitely in uncharted waters. Condo contract activity is finally slowing down, although still elevated above 2019 levels, while rents are...
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...
