Manhattan condo inventory through June 2019

A roundup of news and data on the residential market
By Kevin Sun and Yoryi de la Rosa | August 01, 2019 10:00AM

NEW DEVELOPMENT CONDO REPORT

MANHATTAN

•  Inventory expanded as developers filed more units than were purchased
• Developers filed five plans with a total of 369 units
• The state approved two plans with 113 units valued at $238 million
• Buyers purchased 243 units valued at $1.05 billion

SUPPLY

MANHATTAN NEW DEVELOPMENT CONDO SUPPLY

MOST EXPENSIVE CONDO PROJECTS APPROVED

DEVELOPERADDRESSTOTAL SELLOUTUNITS
Charles Dunne & Zac Waksal601 Washington Street$148,239,80010
Truss Development2600 Seventh Avenue$90,114,100103

Source: TRData analysis of plans approved to sell by NYS AG in June

LARGEST CONDO PROJECTS FILED

DEVELOPERADDRESSUNITSTOTAL SELLOUT
Related CompaniesOne Union Square South
(conversion)
188$304,612,766
Simon Baron Development393 West End Avenue (conversion)88$258,095,700
Levi Balkany300 West 122nd Street44n/a
Forkosh Development157-161 East 28th Street43n/a

Source: TRData analysis of plans submitted to the NYS AG in June

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 JUNE

SPONSORSALE PRICEADDRESSUNIT
Madison Equities,
Building and Land
Technology & Thor Equities
$51,550,000212 Fifth AvenuePHA
Vornado Realty Trust$39,000,000220 Central Park SouthV-6
Vornado Realty Trust$33,296,775220 Central Park SouthV-4
Macklowe Properties
& CIM Group
$31,501,890432 Park Avenue94

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