November picked up right where October left off for new development condos in New York City.
Brooklyn was the only boro to see a drop in activity last week, but also had the most substantial increase in average asking price – up 37%. The average price per square foot also rose 15% to $1,440.had the largest share with three new deals.
It was also a good week for 98 Front in Dumbo, which found buyers for a two-bedroom that was asking $1.7 million and a $3 million three-bedroom penthouse. Jennifer Lee of Serhant, who is representing the LEED-certified condo’s penthouse collection, says buyers are coming to Dumbo for the lifestyle. “98 Front being in the heart of Dumbo offers residents direct access to all these famous eateries and shops right outside their front door, including direct access to Brooklyn Bridge Park and the waterfront.”
She added that the project stands out for “the feeling of tranquility and zen you get from the minute you enter the front doors.”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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