According to Brown Harris Stevens Development Marketing’s Research & Advisory Division, despite slower sales of new-development condominiums, absorption still outpaces new supply coming to market.
Of the 241 contracts signed in Q3, the average sale was $3.7 million. Here's a look at what that number can get you in the borough's new development market.
A three bedroom, 3.5-bath corner residence with northern, southern, and eastern exposures on the 29th floor of VU. Asking: $3,745,000
Moving uptown, to the Upper West Side, a three-bedroom, two-bath home at 393 West End Avenue, where spacious layouts respect the building’s history while open-plans provide flexibility. Asking: $3,495,000
Up in Morningside Heights, a four-bedroom, 3.5-bath home spanning more than 2,000 square feet at Vandewater is asking $3.5 million.
To learn more about the BHS Development Marketing team and view current listings, click here.