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New Development Condos

An index tracking prices in Manhattan new developments

Selection Methodology
CityRealty Indices
Selection Methodology for New Development Condos

The New Developments index tracks prices in Manhattan condos that have been constructed or converted within the last three years. CityRealty has not placed an absolute limit to the number of buildings included in this Index. The criteria for inclusion in this index are as follows:

  • The condos must be in Manhattan, south of 96th Street on the East Side and below 125th Street west of Central Park.
  • Sponsor sales in the buildings have been recorded for less than three years.
  • For newly constructed properties, a minimum of three months closing history is required.
  • The building must have a total of at least 10 individual units.

CityRealty evaluates all of its indices regularly. The current New Developments condo index tracks prices in buildings considered new developments in 2016. All pricing information has been provided by the New York City Department of Finance via the Automated City Register Information System (ACRIS).

Please note that CityRealty does not rank buildings within the Index; rather, a default sort order is provided (which is price / ft2 based on the each building's past 12 months sales history).Inquires, comments and suggestions concerning any CityRealty index (and any ideas for new indices) can be sent to

Pricing Charts

The performance of the New Development Condos

  • All
  • Studios
  • One Beds
  • Two Beds
  • Three Beds
  • Four+ Beds
All values are 90 day moving daily averages

Price Change Summary During the Past Five Years

2698|Jul 18, 2019|2019|-9.3;2570|Jul 18, 2020|2020|-4.8;2535|Jul 18, 2021|2021|-3.4;2464|Jul 18, 2022|2022|-0.7;2568|Jul 18, 2023|2023|-4.7;2447|Jul 18, 2024|2024|0.0
$2,447 Current Avg. Price /Ft2
Based on 223 Closings in the past 12 months

Closing History

Available Apartments

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Buildings List

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There are 41 buildings that comprise the New Development Condos.
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