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New York

Brooklyn and Queens condo inventory through August 2018

A roundup of news and data on the residential market

Brooklyn

• Inventory grew as new filings outpaced sales

• Developers filed 25 plans with 241 units

• The state approved 13 plans with 639 units valued at $968 million for sale

• Buyers purchased 115 units valued at $131 million

 

Queens

• Inventory grew as new filings outpaced sales

• Developers filed three plans with 114 units

• The state approved one plan with 86 units valued at $59.5 million for sale

• Buyers purchased 52 units valued at $44 million

 


DEVELOPERADDRESSTOTAL SELLOUTUNITS
Tishman Speyer11 Hoyt Street$837,925,000481
Horizon Group264 Webster Avenue$38,585,00063
Solomon Schwimmer54 Throop Avenue$22,672,475 224
Minrav Development 21 Powers Street$17,125,00014

DEVELOPERADDRESSUNITSTOTAL SELLOUT
Fortis Property Group336 and 354 Hicks Street 48$113,350,000
Happy Living Development229 9th Street39N/A
Giuseppe Gambino2848 West 15th Street20$15,040,400
Infinity Properties459 Quincy Street10$7,380,000

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DEVELOPERADDRESSTOTAL SELLOUTUNITS
Marcal Group,nEmerald Equity Group133 Beach 116th Street andn150 Beach 117th Street$59,515,00086

DEVELOPERADDRESSUNITSTOTAL SELLOUT
Chen Aiyun, Qiu Yong62-98 Woodhaven Boulevard92$65,422,645
Fortress DK Group31-12 38th Avenue 118$17,017,600
Andy Ho 150-30 12th Avenue4$8,156,000


SPONSORSALE PRICEADDRESSUNIT
DDG Partners,nWestbrook Properties$7,135,000167 Columbia Heights11A
Toll Brothers$5,094,661130 Furman StreetS-409
Kushner Companies$4,765,116184 Kent Avenue C705,nC706
Hopestreet$3,000,000509 Pacific StreetPH2E


SPONSORSALE PRICEADDRESSUNIT
Onex Real Estate Partners$2,431,314131-05 40th RoadPH2J
Rising Developers Group$2,163,781 442-60 Crescent Street PH-9B
Purves Development,nSilvercup Properties$1,976,34727-21 44th Drive1502
Onex Real Estate Partners$1,902,333 1131-01 40th Road20R