The Real Deal New York

Posts Tagged ‘new development sales’

  • TRD announces New Development Showcase

    February 03, 2014 10:33AM

    new-dev

    New development in New York has never been hotter, with condo projects on the rise all around the city.

    The Real Deal magazine and Luxury Listings NYC will hold a New Development Showcase to highlight projects on the market on May 15. The event will be held at the Altman Building at 135 West 18th Street in Chelsea and will be open and advertised to the general public. A crowd of over 2,000 high-end consumers are anticipated to view more than 30 new development sales booths and models from New York City and Miami. [more]

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  • MNS new development report

    MNS new development report (Click to enlarge image)

    Skyrocketing land prices combined with a continued inventory shortage meant that residential developers cranked up prices for new apartments in Manhattan in the third quarter of 2013. The median sale price of a new construction condominium jumped 15 percent in the third quarter, to $1,222 per square foot from $1,062 in the same period last year, according to the latest new development market report from residential brokerage MNS Real Estate. [more]

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  • Model unit at the Printing House at 421 Hudson Street

    Model unit at the Printing House at 421 Hudson Street

    After hitting the market in March, the Printing House at 421 Hudson Street is now more than 50 percent in contract and is releasing a slew of new units, the developer told The Real Deal exclusively.  [more]

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  • 250 West Street

    250 West Street

    The story of a new development is often as follows: a project hits the market with a splashy ad campaign; a drawn out process of finding qualified buyers and signing contracts ensues; and closings happen all at once, often in a matter of weeks or months. But inquiring minds want to know: how much are these new developments raking in when the deals are finally done? Using data from real estate database CityRealty, The Real Deal ranked the Manhattan new developments that brought in the most money from closed sales in the first half of 2013. … [more]

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  • Rendering of 150 Charles Street

    Rendering of 150 Charles Street

    “Numbers to know” is a weekly Web feature that catalogues the most notable, quirky and surprising real estate statistics. Milestone at 150 Charles, Intergate.Manhattan marks its debut and the subway may determine how much you pay in rent. See this week’s countdown after the jump.[more]

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  • Upper West Side new developments, from left: the Laureate, the Rushmore, the Aldyn and 846 West End Avenue

    The median listing price for new development apartments in Manhattan is up 10 percent year-over-year to $1.486 million in May, according to Streeteasy.com’s new development May market report. Contract activity and median sales prices for new homes in Manhattan and Brooklyn have increased significantly year-over-year. Meanwhile inventory has declined, most significantly in Brooklyn, where it was 33 percent lower than it was a year ago, and 19 percent lower than six months ago. [more]

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  • alternate<br /></a>text
    Manhattan median sales prices (source: MNS, click image to enlarge and see more charts)

    Though new development sales slowed severely in Manhattan and Brooklyn in recent months, prices are mostly on the upswing, according to third quarter Manhattan and Brooklyn new development sales reports released today by residential brokerage MNS.

    In Manhattan, the number of sponsor sales recorded in public records declined 18 percent from the second quarter, while in Brooklyn that figure fell off a cliff, to the tune of a 34 percent drop. However, the median sales price per square foot in that same period rose 4 percent in Manhattan to $1,243, and 3 percent in Brooklyn to $594. As for overall sales figures, in Manhattan the median price gained 10 percent since the third quarter of 2010 to about $1.5 million, and in Brooklyn it rose 7 percent to about $600,000. – Adam Fusfeld[more]

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