Brooklyn and Queens condo inventory through September 2018

A roundup of news and data on the residential market

Nov.November 14, 2018 10:00 AM

NEW DEVELOPMENT CONDO REPORT

BROOKLYN

SUPPLY

  • Inventory decreased slightly as developers filed fewer units than were purchased
  • Developers filed 11 plans with 62 units
  • The state approved 14 plans with 132 units valued at $128 million for sale
  • Buyers purchased 99 units valued at $100 million

 Brooklyn new development condo supply

Most expensive condo projects approved in Brooklyn

DEVELOPERADDRESSTOTAL SELLOUTUNITS 
Double Rock Development38-44 Lexington Avenue$21,360,00012
Sterling Town Equities180 Concord Street$21,079,00021
Urban View Development282 Eldert Street$13,150,00017
Urban View Development984 Madison Street$12,099,00018

Largest projects filed in Brooklyn

DEVELOPERADDRESSUNITSTOTAL SELLOUT 
Leonid Bogomolniy362 Van Brunt Street 10$15,100,000
Dan Mizrachi701 Lafayette Avenue8$5,600,000
Bedford Villas LLC724 Bedford Avenue7$10,032,000
Yecheskel Milstein900 Willoughby Avenue 7$4,565,400

DEMAND

Brooklyn new development condo sales dollar volume and unit volume

Most expensive condo unit sales recorded

SPONSORSALE PRICEADDRESSUNIT 
Slate Property Group,
Adam America Real Estate
$4,200,00051 Jay StreetTH
Toll Brothers$4,178,236130 Furman StreetS-106
Greenland Forest City Partners$2,275,00000 550 Vanderbilt Avenue1408
Hope Street Capital$2,166,531509 Pacific Street 4E
SUPPLY

Queens new development condo supply

Most expensive condo projects approved in Queens

DEVELOPERADDRESSTOTAL SELLOUTUNITS 
Chatham Development,
Group NYC
46-20 11th Street $48,103,20042
Rong Dong132-30 Sanford Avenue$10,750,00023
BK Developers5-26 47th Avenue$7,315,0006
BK Developers5-30 47th Avenue$7,315,0006

Largest projects filed in queens

DEVELOPERADDRESSUNITSTOTAL SELLOUT 
Pinnacle Group136-04 Cherry Avenue75$55,242,600
Karnig Alajajian31-10 28th Road16$11,915,000
DEMAND

Queens new development condo sales dollar volume and unit volume

Most expensive condo unit sales recorded

SPONSORSALE PRICEADDRESSUNIT 
CGS Builders$1,568,1055009 2nd Street516
Impex Builders$1,541,00021-10 44th Drive6C
Onex Real Estate Partners$1,331,604131-01 40th Road16Z
Onex Real Estate Partners$1,317,349131-01 40th Road19W

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