Brooklyn and Manhattan condo inventory through June 2018

A roundup of news and data on the residential market

Aug.August 01, 2018 12:00 PM
  • Inventory decreased for the first time in sixth months as the number of new units filed dropped sharply
  • Developers filed two plans with a total of 11 units
  • Three plans were approved for sale in June with 39 units and a total projected sellout of $216 million
  • Manhattan new development condo supply


Brooklyn new development condo supply

Source: TRData analysis of NYS AG and NYC Dept. of Finance for units in projects filed but not yet sold

Most expensive condo projects approved
Lightstone Group40 East End Avenue$198,868,710 29
Two Kings148 Attorney Street$12,070,0006
Andrew Horan102 West 118th Street$4,795,0004

Source: TRData analysis of plans approved to sell by NYS Attorney General in June

Largest condo projects filed
Rudy Gabsi and Oded Norman534 West 29th Street$31,370,0006
Vinbaytel Developments192 Eighth Avenue$12,070,0005

Source: TRData analysis of plans submitted to the NYS Attorney General in June

Manhattan new development condo sales volume

Median sales price and unit volume

80,265 Manatt Phelps & Phillips7 Times Square
59,000Perkins Coie1155 Sixth Avenue
52,500Solomon Page Group260 Madison Avenue
49,000Mayer Brown1221 Sixth Avenue

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

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