Manhattan condo inventory through October 2018

A roundup of news and data on the residential market

Dec.December 01, 2018 10:00 AM

NEW DEVELOPMENT CONDO REPORT

MANHATTAN

• Inventory grew as new filings outpaced sales
• Developers filed five plans with a total of 307 units
• Just one plan was approved for sale in October with six units and a total sellout of $10 million
• Buyers purchased 144 units valued at $470 million

SUPPLY

MANHATTAN NEW DEVELOPMENT CONDO SUPPLY

MOST EXPENSIVE CONDO PROJECTS APPROVED

DEVELOPERADDRESSTOTAL SELLOUTRESI. UNITS
Brad Simmons313 West 121st Street$10,019,4856

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

LARGEST CONDO PROJECTS FILED

DEVELOPERADDRESSRESI. UNITSTOTAL SELLOUT
AvalonBay Communities15 West 61st Street172N/A
Chaim Nortman11 Hancock Place71$91,254,675
GreenOak Real Estate150 West 82nd Street
(Conversion)
40$89,964,725
Iliad Realty Group67 Vestry Street17N/A

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

DEMAND

MONTHLY TOTAL MANHATTAN NEW DEVELOPMENT SALES VOLUME

 
 

MONTHLY MEDIAN SALES PRICE AND UNIT  VOLUME IN MANHATTAN NEW DEVELOPMENT

SPONSORSALE PRICEADDRESSUNIT
Zeckendorf Development$31,500,000520 Park Avenue36
Related Companies$26,989,12570 Vestry Street10N
Related Companies$25,462,25070 Vestry Street12N
Related Companies$18,805,00070 Vestry Street10S

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


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)
Hudson Yards megadevelopment inspires a new line of sex toys
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
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
Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
Mauricio Umansky, Rainy Hake Austin and Robert Reffkin (Getty)
The Agency sues Compass for blocking exec from recruiting former colleagues
The Agency sues Compass for blocking exec from recruiting former colleagues
SmartRent's Lucas Haldeman and Fifth Wall's Brendan Wallace (iStock)
What SmartRent’s $2.2B SPAC means for multifamily
What SmartRent’s $2.2B SPAC means for multifamily
US developers face Israeli bond market reckoning
From slam dunk to junk: US developers face Israeli bond market reckoning
From slam dunk to junk: US developers face Israeli bond market reckoning
Signature Bank CEO Joseph DePaolo (Getty, Google Maps, iStock)
Signs of success, trouble for property lender Signature Bank
Signs of success, trouble for property lender Signature Bank
Blackstone’s Jon Gray (Getty)
There’s “lots of runway in real estate”: Blackstone’s Jon Gray
There’s “lots of runway in real estate”: Blackstone’s Jon Gray
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...