The Real Deal New York

Developers, use our list of TCOs issued in Q3 to gain market intel

October 17, 2017 02:40PM

One West End Avenue in Manhattan and 325 Kent Avenue in Brooklyn

Your project was issued a TCO, or temporary certificate of occupancy, and now you can begin selling units and showing off the development you’ve worked on for years. The only thing standing in the way of your project’s success is … the other 136 new buildings that received their TCOs this quarter competing for the same buyers and renters. Knowing the intricate details of the projects that you’ll be directly competing with is key to making sure your project will be more desirable.

TRData tracks every project in the five boroughs from the moment they’re filed with the Department of Buildings to the point when the project has completely sold out. Every project since 2009 with 5,000 square feet or more exists in our pipeline, which currently contains 12,688 projects and grows every day.

TRData has compiled all 136 TCOs issued for newly constructed buildings larger than 5,000 square feet across the five boroughs during the third quarter of 2017. Each project contains detailed information such as its occupancy classification, job number, developer contact information, the dates of each permit filing and issuance and even the number of days between each step in development.

Of these 136 temporary certificates of occupancy issued to new buildings in the third quarter of 2017, 75 were issued to projects located in Brooklyn. New buildings in Brooklyn accounted for over 2,700 residential units covering over 2.7 million square feet. Not only did Brooklyn beat out the combined total number of TCOs issued in the other four boroughs last quarter, Brooklyn’s new buildings dwarfed even the combined total of Manhattan’s 1,481 residential units and Queens’ 996 residential units.

In addition to the option to purchase the list of third-quarter TCO’d projects, TRData offers a subscription service that will send you the list of projects that received their TCOs each week. Each project contains all of our detailed pipeline information and can be pivoted to create powerful analysis of a borough or neighborhood’s upcoming developments.

Click here to download a free sample of 5 new buildings that received TCOs in the third quarter of 2017.

Click here to purchase the full list of 136 new buildings that received TCOs in the third quarter of 2017.

Contact Derek Smith at ds@therealdeal.com or (646) 503-3561 to subscribe to receive every issued TCO on a weekly basis.