Brooklyn sees most dramatic decline of any borough, but activity remains far higher than pre-Covid After a buying craze that characterized much of last year, sales of new development condos slowed across the city in May...
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News: Rising rates slow new development sales in Brooklyn, Queens (The Real Deal)
Manhattan stayed hot, but activity cooled in the outer boroughs, where buyers are more reliant on financing. New developments in the city reported 397 signed contracts for sponsor units in April, a 14 percent dip from...
News: NYC new development sales stay hot, but prices show signs of stabilizing (The Real Deal)
Sales of new development condos in the city just posted their strongest first quarter — and third-most-active quarter overall — since at least 2015, according to a new report from Marketproof. Developers in Manhattan...
News: New York’s First Supertall Tower Outside of Manhattan Rises in Brooklyn (New York Times)
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...
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...
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...
News: Deals for new condos cooled in January (The Real Deal)
After capping off 2021 with stratospheric sales, New York’s new development contract activity came back to earth in January. Homebuyers signed contracts for homes in Manhattan, Brooklyn and Queens new developments...
News: New Dev Contracts Cap Boom Year With $1 Billion December (The Real Deal)
New development contracts finished the year with a slight holiday dip, capping off a promising 2021. Buyers signed contracts for 341 new development condos across the city in December, according to a monthly analysis by...
News: Miki Naftali is Winner in Upper East Side Condo Comeback (The Real Deal)
The Benson and another Naftali Group project in the neighborhood, an 83-residence tower at 200 East 83rd Street, account for 45 percent of new development sales in the neighborhood, according to a report by Marketproof...
