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...
Tag - condos
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...
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...
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...
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 at 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...
