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A blog from CityRealty (Links below will take you to the 6sqft site)
 
 

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 inquires@cityrealty.com.

Price Change Summary During Past Four Years Show by Median Price

$2,349 Current Price Avg.  Price / Ft2
based on 272 closings in the past 12 months
3165|Sep 25, 2014|2014|-25.8;2001|Sep 25, 2015|2015|17.4;2231|Sep 25, 2016|2016|5.3;2474|Sep 25, 2017|2017|-5;2349|Sep 25, 2018|2018|0.0
Building GalleryPricing ChartsClosing HistoryBuilding ListAvailable AptsMapHeat Map

Building Gallery

The 57 buildings that comprise the New Development Condos Index are listed below

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