Manhattan condo inventory through May 2019

A roundup of news and data on the residential market

Jul.July 01, 2019 10:00 AM

NEW DEVELOPMENT CONDO REPORT

MANHATTAN

• Inventory contracted as developers filed fewer units than were purchased
• Developers filed six plans with a total of 164
• The state approved four plans with 151 units valued at $206 million
• Buyers purchased 216 units valued at $828 million

SUPPLY

MOST EXPENSIVE CONDO PROJECTS APPROVED

DEVELOPERADDRESSTOTAL SELLOUTUNITS
Nortco Development11 Hancock Place$91,230,87571
Chen Foundation335 West 35th Street (rehab)$90,855,00071
New Empire Real Estate424 West 52nd Street$16,050,0007
Kenneth Handelman325 West 112th Street (rehab)$8,000,0002

LARGEST CONDO PROJECTS FILED

DEVELOPERADDRESSUNITSTOTAL SELLOUT
Minrav Development368 Third Avenue100$228,416,500
Midwood Management Corp.150 East 78th Street25N/A
Einhorn Development Group124 West 16th Street14$85,300,000
Levi Balkany441 West 37th Street9N/A

MOST EXPENSIVE CONDO SPONSOR

DEVELOPERADDRESSUNITSTOTAL SELLOUT
Minrav Development368 Third Avenue100$228,416,500
Midwood Management Corp.150 East 78th Street25N/A
Einhorn Development Group124 West 16th Street14$85,300,000
Levi Balkany441 West 37th Street9N/A


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