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New York

Brooklyn and Queens condo inventory through December 2019

Brooklyn and Queens condo inventory through December 2019

New Development Condo Report

Brooklyn

• Inventory expanded as developers filed more units than were purchased
• Developers filed 11 plans with 140 units
• The state approved 30 plans with 58 units valued at $42 million
• Buyers purchased 115 units valued at $124 million

Queens

• Inventory contracted as developers filed fewer units than were purchased
• Developers filed 1 plan with 35 units
• The state approved 0 plans for sale
• Buyers purchased 70 units valued at $78 million

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New York February 2020