Trending
Brooklyn and Queens condo inventory through July 2018
A roundup of news and data on the residential market
NEW DEVELOPMENT CONDO REPORT
BROOKLYN
•Inventory grew slightly as new filings outpaced sales
•Developers filed 20 plans with 256 units
•The state approved 12 plans with 319 units valued at $322 million for sale
•Buyers purchased 161 units valued at $205 million
Source: TRData analysis of NYS AG and NYC Dept. of Finance records for units in projects filed but not yet sold
Most Expensive Condo Project Approved In Brooklyn
| DEVELOPER | ADDRESS | TOTAL SELLOUT | UNITS |
|---|---|---|---|
| Adam America Real Estate | 10 Nevins Street | $196,955,000 | 184 |
| Charles Luk and others | 7516 Bay Parkway | $38,616,145 | 44 |
| Tian Wu Lu | 949 60th Street | $29,253,000 | 32 |
| Brooklyn Building Enterprises | 4907 4th Avenue | $16,530,000 | 25 |
Largest Project Filed In Brooklyn
| DEVELOPER | ADDRESS | UNITS | TOTAL SELLOUT |
|---|---|---|---|
| Daten Group | 575 4th Avenue | 70 | $106,160,041 |
| Happy Living Development | 805 Washington Avenue | 37 | N/A |
| Brookland Capital | 927 Atlantic Avenue | 21 | N/A |
| Royal Builders | 3016 Brighton 5th Street | 16 | $8,294,000 |
Source: TRData analysis of NYS AG and NYC Dept. of Finance records for units in condo projects that sold
Most Expensive Condo unit Sales Recorded
| SPONSOR | SALE PRICE | ADDRESS | UNIT |
|---|---|---|---|
| DDG Partners,nWestbrook Properties | $11,865,863 | 167 Columbia Heights | 10 |
| Hopestreet | $4,579,784 | 509 Pacific Street | PH1B |
| Toll Brothers | $4,280,061 | 90 Furman Street | N-208 |
| Hopestreet | $4,253,694 | 509 Pacific Street | PH1C |
QUEENS
•Inventory remained flat as new filings were nearly identical to sales
•Developers filed one plan with 46 units
•The state approved no plans in July
•Buyers purchased 49 units valued at $44 million
Source: TRData analysis of NYS AG and NYC Dept. of Finance records for units in projects filed but not yet sold
Largest Project Filed In Queens
| DEVELOPER | ADDRESS | UNITS | TOTAL SELLOUT |
|---|---|---|---|
| RockFarmer Properties | 21-21 31st Street | 46 | N/A |
Source: TRData analysis of NYS AG and NYC Dept. of Finance records for units in condo projects that sold
Most Expensive Condo unit Sales Recorded
| SPONSOR | SALE PRICE | ADDRESS | UNIT |
|---|---|---|---|
| Ascent Development | $2,991,741 | 11-49 47th Avenue | PHB |
| Onex Real Estate Partners | $2,651,256 | 131-01 40th Road | PH3M |
| Ascent Development | $2,392,888 | 10-27 47th Road | 1A |
| Onex Real Estate Partners | $2,332,544 | 131-03 40th Road | PH1A |