LOWER MANHATTAN REMAINS THE NEIGHBORHOOD WITH THE LARGEST number of condos in the pipeline and on the market year-overyear. With 1,270 units on the market and 359 coming down the pike, buyers have their pick of the litter. By contrast, Murray Hill/Gramercy Park was the tightest market with 232 on-market units and only 54 in the pipeline in 2019.
Source: TRD analysis of NYS Attorney General condominium filings, NYC. Dept. of Buildings and news reports. “On the Market” projects are those projects that are active and accepted on or after Jan. 1, 2017. “Pipeline” projects are those filed on or after Jan. 1, 2018, but not yet accepted.