Manhattan condo inventory through April 2019

A roundup of news and data on the residential market

Jun.June 01, 2019 01:00 PM

NEW DEVELOPMENT CONDO REPORT

MANHATTAN

• Inventory contracted as developers filed fewer units than were purchased
• Developers filed six plans with a total of 163 units
• The state approved five plans with 612 units valued at $1.6 billion
• Buyers purchased 171 units valued at $639 million

SUPPLY

MANHATTAN NEW DEVELOPMENT CONDO SUPPLY

MOST EXPENSIVE CONDO PROJECTS APPROVED

DEVELOPERADDRESSTOTAL SELLOUTUNITS
Fosun Group & J.D. Carlisle15 East 30th Street$821,525,000199
LCOR25 Broad Street (conversion)$395,000,000308
Trinity Place Holdings77 Greenwich Street$316,535,00090
DDG100 Franklin Street$47,905,00010

Source: TRData analysis of plans submitted to the NYS Attorney General in April

LARGEST CONDO PROJECTS FILED

DEVELOPERADDRESSUNITSTOTAL SELLOUT
Clipper Equity21 West 86th Street (conversion)108$203,580,580
Delshah Capital531-533 East 12th Street (conversion)26$37,400,000
Colonnade Group139 East 23rd Street14N/A
Bin Yu Wang & partners327 East 22nd Street11$37,314,717

Source: TRData analysis of plans submitted to the NYS Attorney General in April

DEMAND

MONTHLY TOTAL MANHATTAN

NEW DEVELOPMENT SALES VOLUME

MONTHLY MEDIAN SALES PRICE AND UNIT

VOLUME IN MANHATTAN NEW DEVELOPMENT

MOST EXPENSIVE CONDO SPONSOR UNIT SALES

RECORDED IN APRIL

SPONSORSALE PRICEADDRESSUNIT
Vornado Realty Trust$34,365,938220 Central Park SouthV-5
Vornado Realty Trust$23,725,225220 Central Park South42A
William Macklowe Company
& Goldman Sachs
$23,278,63121 East 12th Street3A
Vornado Realty Trust$19,855,875220 Central Park South36A

Source: TRData analysis of NYS AG and NYC Dept. of Finance records for units in condo projects that sold in April

 

Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Seth Schochet, Drew Goldsmith and 201 West 77th Street (Credit: Google Maps)

Large, low-key landlord snags UWS building for $100M+

305 East 46th Street (Credit: iStock)

Japanese firm lands $84M financing for Midtown East buy

Keller William's Ilan Bracha (left) and B+B Capital's  Haim Binstock with 575 Fifth Avenue (Credit: Getty Images, Google Maps)

Keller Williams NYC is on the sale block

Bhavana Chamoli and Michael Shah

Michael Shah’s ex arrested for assault, but DA holding off

Federal Realty Investment Trust CEO Donald C. Wood and Georgetowne Shopping Center (Credit: Google Maps)

Fairway-anchored Bergen Beach shopping center sells for $85M

arrow_forward_ios