New York City real estate is booming. Beyond charts and graphs and stats, another way to gauge the strength of the market is by the sheer number of new developments launching sales or leasing in a given season.
Spring 2014 was action-packed, as was the fall of 2014.And the spring of 2015 looks to be no different, with at least 40 different projects hitting the market in the coming months. As the mercury on the thermometer climbs, so too does the degree of hot hot heat in the real estate market. To prepare for the onslaught of pricey condos and rentals about to flood the city, all we can say is: brace.
Developments in the list include 520 Park Avenue, 220 Central Park South, 53 West 53rd Street, 515 Highline, Jardim, 605 West 42nd Street, 111 Murray Street, One Hundred East Fifty Third Street, One West End, Ralph Walker Tribeca, 87 Leonard Street, QLIC, 152 Elizabeth Street, Williamsberry, Brooklyn Trust Company Building, 247 North Seventh, 50 Clinton Street, Bow Building, 15 Hubert Street, 550 Vanderbilt, 1 Great Jones Alley, The Astor, 12 Warren, 212 Fifth Avenue, 325 West Broadway, 22 Caton, 78 Irving Place, 172 Madison Avenue, 490 Myrtle Avenue, Obsidian House, The Giovanni, Riverwalk Point, 208 Forsyth, 150 Richardson, 303-309 Cooper Street, 266-268 Greene Avenue, 735-737 Bergen Street, 357 Prospect Place, 1094 Madison Street, AKA United Nations, AKA Wall Street and AKA Sutton Place.
A former chocolate factory in SoHo has been awaiting its turn as condos since 2008, even after a Landmarks approval in 2013, and those 21 apartments are finally coming to market in the late spring. Developed, built and designed by DDG, pricing is still unclear, but amenities include a bike room, courtyard, and gym. DDG actually cut down the number of units (from 30) to make for larger layouts, so expect these to be spacious.