- Special Leasing Offers at 175 Kent Avenue in Williamsburg
- New Renderings of Lenox Terrace Expansion in Harlem, Plus Renovated Apartments from $1,650/Mo.
- New Listings at RIVERBANK in Hell’s Kitchen: Sky-High Rentals from $2,879/Month
- 1629 Pacific Street: Luxury Crown Heights Rentals Start at $2,667/month
- Ready to Roll: Long Island City Rental The Silver Star Set for March Launch
- Live at Rocket Factory Lofts on Williamsburg’s South 4th Street; 1- and 2-Beds Available Now
- Leasing Kicks Off on New Uptown Rentals at 531 West 159th Street
- Little Italy Rental Debuts; Rumored to have Housed Debbie Harry & Robert De Niro
- Lenox Terrace Offers Renovated Harlem Apartments from $1,650/Mo.
- Pre-War Grandeur at The Wyoming; Amazing Midtown Rental Near Central Park
- Bronx Rentals Debut at Port133 at 751 East 133rd Street in Port Morris from $1,700/Month
- NYC Homes from $1,450/Month at Newly Constructed Riverdale Rental
- Bronx Rentals at The Equestrian on Pelham Parkway from $1,950/Month
- Take First Look Inside The Delmar, Stylish LIC Rentals Leasing from $2,150/mo.
- 606W57: TFC’s Behemoth Rental Kicks-off Affordable Lottery + Gets Teaser Site for Spring Launch
- 2763 Morris Avenue: Luxury Rentals Open in the Bronx from $1,660/Mo. + Netflix Subscription
- Prime 2-Bedrooms in the Heart of Chelsea from $4,000/Month and 1 Month Free Rent
- Tribeca Rental Specials at 88 Leonard Street: Hello Alfred Services + Renovated 3-Bed Penthouses
- Enormous, Beautifully Finished Rentals Listed at 575 West End Ave on the Upper West Side
- Leasing Launches at 490 Lefferts Avenue; New Brooklyn Rentals Start at $2,000/Month
- Long Island City Hot Block: Live at the Crescent Club and Get 1 Month Free
- 63 Wall Street Luxury Rentals: 2.5 Months Free on 17 Month Leases + $1,000 Gift Card
- Hudson Lights Development in Fort Lee Offers Luxury Living from $1,967/Month
- Live at The Van Dorn: One-Bed Units Available at Classic 1927 Midtown Rental
- INSTRATA Nomad at 10 East 29th Street Offers 1 Month Free on 12 Month Leases
- Eugene, Henry – and Now OSKAR; Midtown Rentals to Debut This Spring from $3,050/Month
- New 1- and 2-Bed Listings at Boerum Hill’s 577 Baltic Street Offer Two Months Free
- Soho Lofts Unveils Resort-Style Amenities; Jersey City Rentals Start at $2,550/Month
- Leasing Discounts at AVA DoBro, 100 Willoughby Street in Downtown Brooklyn
- Rent at The Meurice on Billionaires’ Row in Midtown West from $3,750/Month
- Greystar Unveils New Amenities and Renovated Apartments at The Chelsea
- Jersey City Waterfront Rental ‘Ellipse’ Unveils New Amenities, Pool Coming This Summer
- Brooklyn Heights Rental Tower Leasing One and Two-Bed Units with Discounted Deposits
- Newly Listed One-Beds at 1209 Dekalb from $2,150/Month
- Eastchester Heights: Newly Renovated Bronx Rentals from $1,275/Month
- Now Leasing: Check Out the New Rental at 668 Rutland Road in Prospect Lefferts Gardens
- Harlem’s Bailey Lofts Take Off on 125th Street; See Inside the New Rentals
- One-Bed Condos at Lincoln Astoria Now Listed as No-Fee Rentals from $2,550/Mo.
- Modern Rental Debuts on Lincoln Road Near Prospect Park; 2-Beds from $2,195/Month
- Luxury Rentals Overlooking the George Washington Bridge from $2,030/Month
- Leasing Launch + Middle-Income Affordable Lottery for New East Harlem Apartments
- Billionaire Grocer Launches ‘THE EAGLE’ and Completes 1,000-Unit Project in Downtown Brooklyn
- New Listings at 7W21: See Inside Elegant Rentals by Morris Adjmi Architects
- Checking-In on The Eugene: New Homes in Midtown’s Tallest Rental Tower
- Leases from $1,800/Month at South Brooklyn’s Shorecrest Towers; See the Renovated Homes with Ocean Views
- Related Offers $5,000 Gift Cards at Upper East Side Rental Tower with Indoor Pool
- One of New York’s First Skyscrapers is Now Rentals; Live at 90 West from $2,303/Month
- New Listings at Early Modernist 240 Central Park South
2017 kicked off in the face of great uncertainty regarding how a former New York real estate developer in the White House would affect New York real estate. Despite a tumultuous year of politics, the city chugged along with new development, construction ranging from affordable to luxury projects, and record-setting prices for the residential market. Still, the market showed some cracks with softening luxury prices and the increasing prevalence of rental concessions.
As 2018 approaches, New York faces a new uncertainty due to tax reform. Experts that include developers, brokers, architects and market analysts weigh in on how the new tax bill may affect New Yorkers, and just about everything else in our ever-changing market. Renters can rejoice over the continuance of concessions, and architecture buffs should get ready for more ambitious building designs. Though there are predictions for softening prices across the board, demand for living in the city isn’t going anywhere, so it won’t take a nosedive.
- In the Heart of Chelsea with an Entrance So Discrete It’s Almost a Secret [link]
- Caesura Leasing Launches for February 1 Move-Ins; Lending Library Lets Residents Pack Light [link]
- The Eugene Unveils The Hudson Club, Exclusive Rooftop Lounge with Panoramic City Views [link]
- 507 West Chelsea: Live Inside a 35-Story Glass Tower Above the High Line and Hudson Yards [link]
- Rentals at The Robyn in the East Village Leasing from $2,460/Month [link]
- Luxury Rentals at The Giovanni in Downtown Brooklyn from $2,331/Month [link]
- Now Leasing: Lincoln Square High-Rise with Pool, Spa & Saunas [link]
- Whole Foods 365 to Open in 300 Ashland January 31 [link]
- New Essex Crossing Rental Tower Named in Honor of Former Resident Sonny Rollins [link]
- Amenities Unveiled at Jersey City’s Vantage [link]
- 15 Park Row, Former World’s Tallest Building, Gains New Rentals and Amenities [link]
- Leasing Launches at 876 Bergen Street; Crown Heights Rentals Start at $2,535/Month [link]
- Renovated Rentals at Murray Hill Marquis – Wake Up to Views of Midtown [link]
As we close in on Donald Trump‘s first full year as President, it’s interesting to look at his business endeavors have fared, and here in NYC, it looks as though the Donald’s real estate empire is starting to crumble. According to CityRealty’s Year-End Manhattan Market Report, both average sales price and average price per square foot at the 11 Trump-branded condos fell below the Manhattan condo average for the first time ever. Not surprisingly, the Trump International Hotel & Tower on Central Park West was the worst-performing, with average prices falling 27 percent. One of the company’s most visible buildings, the condo was often the site of protests against the Trump administration throughout the year.
The Queens neighborhood of Long Island City has had an incredible construction boom. Thousands of modern rental units in luxury sky-scraping buildings have nearly taken over the once primarily industrial district. To keep things competitive, developers are building to ever-increasing heights and equipping buildings with amenities worthy of an all-inclusive Caribbean resort.
New development visualized through 2020, via CityRealty
According to CityRealty’s 2017 Manhattan New Development Report, things are really going to heat up over the next few years. While new development sales dropped to $8.3 billion in 2017 from $9.4 billion in 2016 (attributed to a softening in the luxury market), there are a number of new big-time buildings that will commence closings and have the potential to drive total sales up to a whopping $11.9 billion by 2020. One key player is Extell Development’s One Manhattan Square on the Lower East Side. With 815 apartments, it will be the largest condo by unit count ever constructed in the city. And up on Billionaires’ Row, Extell’s Central Park Tower will have the city’s biggest sell-out ever at $4 billion, while Vornado’s 220 Central Park South is looking to set the record for highest price per square foot ever in NYC.