We are one of NYC’s 33 buzziest new buildings
If there’s ever been a time start your house hunt and lock down the perfect pad, it’s right now.
From Midtown to Midwood, Boerum Hill to Bed-Stuy and Long Island City to Jersey City, there’s a gaggle of new residential projects coming to market this fall. Some are new development, while others are conversions. But all add to a massive rush of new opportunities for homebuyers citywide.
“We estimate that, in 2015, about 7,000 units are entering the market, and probably a similar, but lesser amount next year,” says property appraisal maven Jonathan Miller, though he adds this volume is still below the city’s 2004-to-2007 peak. “What you’re seeing took several years of planning … it’s at critical mass now. You’re seeing a ramp-up of product.”
And speaking of product, it’s quite diverse: There will be everything from a super-tall Billionaires’ Row tower on 57th Street to a boutique synagogue-to-condo conversion in the East Village. Some projects are crafted by award-winning architects; others masterminded by up-and-comers.
To be sure, New York real estate is so hot that prices are high, but that also means developers are doing everything they can to build, build, build so that there are enough apartments to go around at every price point.
Without further ado, a look at 33 projects to put on your must-see list. Happy hunting!
118 E. 59th St.
If Midtown living is on your radar, here’s something to consider: This 40-story Soo K. Chan-designed condo, which will debut listings in October. There are 29 full-floor pads here, in a mix of two- to three-bedrooms, plus a four-bedroom triplex penthouse. They’ll come with floor-to-ceiling windows, oak flooring, open-concept kitchens with Gaggenau appliances, plus rain showers and heated marble floors in the bathrooms. The barrier to entry is $5 million for a two-bedroom. As for the rest of the building, there will be an indoor/outdoor lounge for residents, a terrace dining room connected to a zen garden and a fitness center next to a spa facility with a private treatment lounge. Occupancy is projected for December 2017.
Contact: Brown Harris Stevens Development Marketing, 212-712-1159