With the exception of Soho and Murray Hill/ Gramercy Park, every neighborhood in Manhattan has new product in the pipeline. Prospective buyers are spoiled for choice in Lower Manhattan, which has the largest number of condos in the pipeline and on the market, totaling over 2,600 units. With nothing in the pipeline and only 472 units for sale, Soho continues to be the tightest market in Manhattan.
Source: TRD analysis of NYS attorney general condominium filings, NYC Dept. of Buildings data and news reports. “On the Market” projects are those projects that are active and accepted on or after Jan. 1, 2016. “Pipeline” projects are those filed on or after Jan. 1, 2017, but not yet accepted.