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Brooklyn and Manhattan condo inventory through June 2018
A roundup of news and data on the residential market
NEW DEVELOPMENT CONDO REPORT
Manhattan
- 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
Source: TRData analysis of NYS AG and NYC Dept. of Finance for units in projects filed but not yet sold
| DEVELOPER | ADDRESS | TOTAL SELOUT | UNITS |
|---|---|---|---|
| Lightstone Group | 40 East End Avenue | $198,868,710 | 29 |
| Two Kings | 148 Attorney Street | $12,070,000 | 6 |
| Andrew Horan | 102 West 118th Street | $4,795,000 | 4 |
Source: TRData analysis of plans approved to sell by NYS Attorney General in June
| DEVELOPER | ADDRESS | RESI. UNITS | TOTAL SELLOUT |
|---|---|---|---|
| Rudy Gabsi and Oded Norman | 534 West 29th Street | $31,370,000 | 6 |
| Vinbaytel Developments | 192 Eighth Avenue | $12,070,000 | 5 |
Source: TRData analysis of plans submitted to the NYS Attorney General in June
| SQ. FT | TENANT | ADDRESS |
|---|---|---|
| 80,265 | Manatt Phelps & Phillips | 7 Times Square |
| 59,000 | Perkins Coie | 1155 Sixth Avenue |
| 52,500 | Solomon Page Group | 260 Madison Avenue |
| 49,000 | Mayer Brown | 1221 Sixth Avenue |
Source: TRData analysis of NYS AG and NYC Dept. of Finance records for units in condo projects that sold