The Real Deal New York

Manhattan condo inventory through July 2018

A roundup of news and data on the residential market
By Adam Pincus and Yoryi De La Rosa | September 01, 2018 09:00AM

 

NEW DEVELOPMENT CONDO REPORT

MANHATTAN

•Inventory increased slightly as new filings outpaced sales
•Developers filed four plans with a total of 238 units
•Five plans were approved for sale in July with 524 units and a total projected sellout of $817 million
•Buyers purchased 144 units valued at $595 million.

Supply


Most Expensive Condo Project Approved

DEVELOPERADDRESSTOTAL SELLOUTUNITS
Savanna543 West 122nd Street$389,925,000183
Tahl Propp Equities1325 Fifth Avenue, 1330 Fifth Avenue$160,629,000150
Bill Cheng and others150-154 East 23rd Street$136,646,00051
BRP Development2341 and 2349 Adam Clayton Powell Jr. Blvd.$108,209,972134

Largest Condo Project Filed

DEVELOPERADDRESSRESI. UNITSTOTAL SELLOUT
Related Companies515 West 18th Street181N/A
Casco Development540 West 21st Street34N/A
Minrav Development427 East 90th Street21$56,622,500
Kenneth Handelman325 West 112th Street2$8,000,000

Demand


Most Expensive Condo unit Sales Recorded

SPONSORSALE PRICEADDRESSUNIT
Sumaida + Khurana$29,950,000152 Elizabeth StreetPH
Extell Development$23,533,632157 West 57th Street61B
Continuum Company$15,573,28445 East 22nd Street55A
Extell Development$14,869,950157 West 57th Street42A