The Real Deal New York

Scorecard: New rental openings a trickle to start the year

A round-up of data and reports on the residential market
By Will Parker | April 26, 2017 07:30AM

From the April issue
Just 39 new Manhattan rental units are estimated to have landed temporary certificates of occupancy — meaning tenants can begin moving in — in February, according to a TRD analysis of Department of Buildings filings.

In Brooklyn and Queens, 175 units received TCOs.

As for the prices of new rental units, a Manhattan three-bedroom was priced at an average of $14,000 a month, according to data from Nestio.


For comparison’s sake, at $3,200 a month, an average new-development Manhattan studio costs about the same as a new development one-bedroom in Queens at $3,292.