Activity in New York City's new development condo market increased 54% last week, bouncing back from the annual Labor Day dip.
Le Parker Méridien hotel. According to the offering plan, prices for the 99 units range from around $1,250,000 to $14,500,000, a relative bargain for such proximity to Billionaire’s Row.
This new hotel-condo comes to market on the heels of wildly successful condo sales at Aman New York, where a $75,000,000 unit sold earlier in the year, and also at the where two-bedroom residential suites are going for over $7,000,000.This is the niche market to watch in Q3.in Brooklyn Heights notched the week’s second most expensive transaction, selling its largest unit, a five-bedroom condo priced at $8,925,000. This is also one of the boro’s biggest sales in 2022, following the nearly $13,000,000 five-bedroom unit at Olympia Dumbo that went into contract over the winter.
“With five bedrooms and a separate den, and spectacular views west, south and east, this is an exceptional home providing townhouse-sized space all on one floor,” said Leslie Marshall of Corcoran Group, the team handling sales for One Clinton, adding that the project is now 90% sold. Based on initial September sales, the new development market is positioned for a strong fall season, especially if luxury transactions continue to make headlines and if resale inventory remains low.Kael Goodman is the CEO of Marketproof, Inc. Marketproof is a leading real estate data intelligence company that provides the most complete analysis of New York City’s new development and condominium market.
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