Guide to Buying in a New Construction Condo Part 4 + Final sponsor availabilities in nearly sold-out buildings

By Cait Etherington | From Future New York Wednesday, June 11, 2025

Exterior of the nearly sold out 108 Leonard (Elliman) and a high-floor availability at 130 William (Corcoran)

Finding the right New York real estate is never simple, but that is compounded with new construction condos, not only for the sheer volume of choice (nearly 3,000 new units expected to launch in Manhattan through 2025, and as many as 3,600 in Brooklyn and Queens) but for the extra considerations buyers are advised to take.

After finding an apartment, securing any required financing, and having an offer accepted, many think the next step is to move in and kick back. However, a few more steps are recommended, if not legally required, before one can take occupancy.

Guide to Buying in a New Construction Condo, Part 1

Guide to Buying in a New Construction Condo, Part 2

Guide to Buying in a New Construction Condo, Part 3

Unit inspections vs. walkthroughs

Contrary to popular belief, new condos often have more problems than resale condos and coops because they haven’t yet been put to the stress test posed by daily living. As a result, buyers are advised to carry out a unit inspection (as advised in Part 2) and do a final walkthrough. It is also important to understand that inspections and walk-throughs are two very different types of inspections that happen at different moments.

111 West 57th Street, Billionaires' Row condo

111 West 57th Street, #QUADRUPLEX (Sotheby's International Realty)

Walk-through

In addition to a unit inspection before the contract signing, you’ll likely want to do a final walk-through before the move-in date. In most cases, the walk-through is carried out by the buyer and their real estate representative, but some buyers also bring other experts along. Among other things, be certain to check for the following when you do your walkthrough:

Repairs
- Ensure that repairs or installations that were promised to be completed prior to your move-in date have taken place

Appliances
- Ensure that all appliances have been installed - e.g., if your contract includes a washer and dryer, ensure that it has been delivered and is operational
- Ensure that the stove is working by turning all burners on and off. If you have a gas appliance, check to see if the gas is working; if it isn't, find out why (n.b., if a gas stove is not turning on, it may point to a larger underlying problem in the building)
- Check the temperature of the interior of the refrigerator and freezer

Fixtures
- Ensure that light and dimmer switches are all working
- Ensure that all light fixtures are working
- Ensure that bathroom fixtures and faucets are all working

Water and plumbing
- Flush the toilet to ensure that it is working
- Turn on the shower to ensure that there is adequate water pressure and that the temperature controls are properly set
- Run all the taps to check the drainage

Finishes
- Ensure that the floors, countertops, and other finishes match the quality of those promised in the offer
- Check to see if there are any scratches or scuff marks on the walls, floor, and ceiling (note that these may occur during appliance installation)
- Ensure that all doors and door handles, including closet and exterior doors, are properly installed
- If windows are promised to open, ensure that they do

Electrical and HVAC systems
- Test all electrical outlets to ensure that they are working
- Ensure that all heat and air conditioning units are functioning

Electronics
- Test the intercom, door buzzer, and smart lock system (if applicable) to ensure that they are functional
- If smart home features have been incorporated into your apartment, test to be sure that they are accessible and working

Safety and security
- Check to see if your gas and fire alarms have been installed and are working
- If there is a home security system or video surveillance system, ensure it is installed and working
- Ensure that there is a peephole in your front door, as is required by the Housing Maintenance Code

A sumptuous primary bath at 130 William

Common red flags

A few common red flags to be on the lookout for include:

Reversed hot and cold water pipes and reversed water faucets
Faulty ductwork
Warped and scratched flooring
Slow drainage in the bathroom or kitchen
Incomplete work
Unauthorized replacements of fixtures and appliances

Who and what to bring to a walk-through

Your phone, to record damages and problems
Your phone charger, to test electrical outlets
An expert – if you and your agent are not up to the task, bring a professional inspector or trusted contractor or handyperson along to help identify potential problems
A note-taking device – your phone or a pen and piece of paper are essential since you’ll also want to create a “punch list” of everything that needs to be completed or fixed before you move in

Next steps

If your walkthrough revealed any lingering problems (e.g., improperly installed appliances, scratched or damaged floors and walls, slow drains, or low water pressure) or missing features (e.g., installation of an unauthorized appliance), at this point, the repairs and replacements are still the responsibility of the sponsor. If you don’t want to wait for the unit’s sponsor to address the problems, estimate the cost of addressing the repairs and replacements yourself and ask that the amount be deducted from your closing costs.

Signature on a contract accompanied by house keys

Image by Gerd Altmann from Pixabay

Closing, Moving In, and Establishing an Outside Date

Closing

In most cases, sponsors expect potential buyers to close within 30 days of written delivery of the closing. This is known as the “30-Day Alert.” If a buyer fails to do so, sponsors will typically impose a penalty (in some cases, up to $1,000 a day). Since 30 days is a short time to close, many real estate attorneys insist on including a contingency clause that provides a 10 to 15-day grace period.

Certificate of Occupancy

While closes often take longer than expected due to a delay on the buyer’s side (e.g., the financing approval is delayed), in many cases, the delay in new construction condos is the developer’s fault. This is usually due to the fact that the developer hasn’t yet been able to obtain a Certificate of Occupancy (CO) or Temporary Certificate of Occupancy (TCO). In most new construction condos, the close happens after a TCO is issued. A TCO is issued when the Department of Buildings has determined that a building is safe to occupy but still has one or more outstanding issues that need to be resolved before a final CO can be issued. Notably, you can’t close with a CO or TCO.

The importance of establishing an outside date

From supply chain delays that slow construction and installations to Department of Building delays that prevent the timely issuance of the paperwork needed to declare a building inhabitable, it often takes longer than expected for a building to receive its TCO. For buyers, this can cause a range of problems, including with lenders. As a result, it is important for buyers to establish an outside date—an agreed-upon date by which the construction must be completed. In most cases, if the construction isn’t completed by these dates, the potential buyer is free to walk away without penalty or with only a partial penalty.

Closing costs and fees

Closing costs are higher when purchasing a condo than a coop. In most cases, closing costs on New York City condos are at least 3% and may run as high as 5% of the unit’s value. Most of your closing costs will come in the form of transfer taxes, which is 2.625% on all units worth more than $500,000. If your unit costs more than $1 million, you’ll also be on the hook for an additional mansion tax. Other potential costs include a mortgage recording tax, though it is only applicable if your unit is financed.

In addition to applicable taxes, there are several costs related to the move-in. For example, most condos will ask for a move-in fee to ensure they can cover the cost of any move-in-related damages (e.g., scratches and dents to floors, walls, and elevators). Depending on the building, the move-in fee will be anywhere from $500 to $1,000, though some buildings also ask for a larger damage deposit.

How and when to take possession of a new construction condo

Once you officially close, you will get the keys to your unit, but you may or may not move in immediately. In some new construction condos, your unit may be complete, but the unit may have a TCO due to ongoing construction in common areas (e.g., the units may be complete while the lobby or gym remains under construction). As a result, you may or may not want to delay your move-in. You may also want to hire an interior designer and your own contractors (e.g., painters) to do additional work on the unit prior to your move-in date. For all these reasons, how and when you take possession of your new construction condo and actually move in are usually different dates.

Image by Muhammad Abubakar from Pixabay

After move-in

Common charges

After you move into a condo, in addition to covering your mortgage, you’ll have monthly fees. Common charges in a condo can vary widely, depending on the type of building and amenities. More information on the structure of fees may be found here.

Warranties

When you buy a new construction condo, the appliances are new, which means most will be under warranty, at least for the first one to three years. After that, there are no guarantees, which is why buyers sometimes purchase a home warranty. In fact, home warranties not only cover major appliance repairs but also home-systems repairs for an extended period. If you don’t like surprises, investing in a home warranty may be a great idea.

Assessments

While an assessment is unlikely during the first decade of your building’s life, if a major repair is needed, it is possible that the condo board will decide to implement an assessment to cover the costs. In most cases, there is little one can do when hit with a high assessment. Fortunately, in most cases, assessments are added as a monthly charge on top of one’s fees and spread out over several years.

Unit appreciation and resale potential

While there are exceptions (e.g., small boutique condos in Manhattan have held steady over the past decade), condos tend to be an exceptional investment in New York City. Since 2010, many condo buyers, especially in Brooklyn and Queens, have seen their values double in just a decade. Location is often a key factor, but the resale value of condos is also determined by other factors, including how many units are owner-occupied. Unless the condo has failed to attract buyers or is failing to age well (e.g., is plagued by structural issues), it will likely yield an enviable return over its first five to ten years.

Rules against flipping your unit

Some, but not all, condos and coops have a flip tax. While flip taxes on HDFC coops can be as high as 30% to discourage buyers from frequently flipping their units, condos that have flip taxes generally only charge between 1% and 3%. Also, in many condos, flip taxes only apply to buyers who flip within a certain timeframe (e.g., the first two to five years). But potential flip taxes aren’t the only reason selling after just a few years is not advantageous. Unless you’ve owned and lived in your unit for at least two years, you’ll also have to pay capital gain taxes on the sale of your unit.

Renting your unit

While coops often have strict rules against subletting, especially in the first two to three years following the purchase, condos tend to be far more flexible. In fact, many condos are purchased as investment properties and rented out from day one. But that doesn’t mean that there are no restrictions. Depending on the condo’s by-laws, you may have to pay a monthly fee to rent your unit. In addition, most condo boards will want to screen your tenants (e.g., they may ask for credit and housing court checks). The condo board may also reserve the right of first refusal on the lease.

While much of the information presented in this article can be applied to condos that are still under construction, the following listings in new developments are open for immediate occupancy. However, they may not be available for much longer: Market data shows that the buildings are over 75% sold.

New development condos approaching sellout

Upper West Side

88% sold

Vandewater

12 one- to four-beds from $1.31M
Morningside Heights
32 stories | 178 units
Delivery Q1 2021

543 West 122nd Street, Morningside Heights condo

Vandewater

Vandewater, #10H
$2,650,000

Morningside Heights | Condominium | 3 Bedrooms, 2.5 Baths | 1,764 ft²

Vandewater, #10H (Brown Harris Stevens Development Marketing LLC)

From the Listing: Gracious corner three-bed with southern and western views of Riverside Church conveniently separates the living area from the bedrooms. The unit enjoys a grand foyer with adjoining hall that leads to the gracious living and dining area with a large open kitchen with an island. The primary bedroom has an en-suite bathroom with dramatic shower/tub wet room and double vanity. See floor plan and full details here.

79% sold

The Westly

6 two- to five-beds from $2.95M
Upper West Side
20 stories | 51 units
Delivery Q2 2022

251 West 91st Street, Upper West Side condo

The Westly (Reuveni LLC)

The Westly, #16C
$6,375,000

Riverside Dr./West End Ave. | Condominium | 3 Bedrooms, 3.5 Baths | 2,467 ft²

The Westly, #16C (Reuveni LLC)

From the Listing: Residence 16C is a stunning 3-bedroom home with open views facing south to the Midtown skyline, west to the Hudson River and north to the George Washington Bridge and beyond. From the formal entry foyer with two closets and an elegant powder room of Calacatta Gold marble with bronze accents, enter the spacious corner living/dining room wrapped in windows. See floor plan and full details here.

96% sold

200 Amsterdam

7 two- to four-beds from $3.95M
Lincoln Center
52 stories | 112 units
Delivery Q2 2021

200 Amsterdam Avenue, Upper West Side condo

200 Amsterdam (Serhant)

200 Amsterdam, #PH2
$34,995,000

Lincoln Center | Condominium | 4 Bedrooms, 4.5 Baths | 6,347 ft²

200 Amsterdam, #PH2 (Serhant)

From the Listing: Welcome to this extraordinary, terraced penthouse with show-stopping 360-degree direct views of Central Park and the Hudson River, featuring 4+ bedrooms, 4 full bathrooms, and 2 powder rooms. This gracious penthouse spans across the entire 49th and 50th floors of 200 Amsterdam, a neighborhood-defining residential icon crafted for the most discerning lifestyles at the nexus of Lincoln Center and Central Park. On the 49th floor, a private elevator landing leads to a grand foyer with White Ice marble floors that flow directly onto a private terrace spanning the entire width of the building with direct views of Central Park. See floor plan and full details here.

Upper East Side

78% sold

1289 Lexington Avenue

6 three- to five-beds from $3.95M
Carnegie Hill
18 stories | 61 units
Delivery Q2 2019

1289 Lexington Avenue, Upper East Side condo

1289 Lexington Avenue (CityRealty)

1289 Lexington Avenue, #18C
$5,100,000

Carnegie Hill | Condominium | 3 Bedrooms, 3.5 Baths | 2,792 ft²

1289 Lexington Avenue, #18C (Brown Harris Stevens Residential Sales LLC)

From the Listing: Apartment 18C is a sprawling duplex with three oversized bedrooms, three-and-a-half baths, soaring 10' ceilings, walls of windows that fill the apartment with eastern light, and bespoke finishes by Architectural Digest Hall of Famer Lee Mindel of SheltonMindel. From the slab and mosaic marble baths to the white oak floors and custom chef's kitchen, each room embodies quiet luxury and comfort. 12 months common charges and transfer taxes paid by sponsor. See floor plan and full details here.

81% sold

200 East 75th Street

6 three- to five-beds from $5.15M
Lenox Hill
18 stories | 36 units
Delivery Q3 2025 (anticipated)

200 East 75th Street, Upper East Side condo

200 East 75th Street (Compass)

200 East 75th Street, #11B
$6,330,000

Lenox Hill | Condominium | 3 Bedrooms, 3.5 Baths | 2,192 ft²

200 East 75th Street, #11B (Compass)

From the Listing: Residence 11B is a 3-bedroom, 3.5-bath residence facing east, west, and south with open views and beautiful light. With ceiling heights over 10 feet, the apartment feels lofty and airy. A large entrance gallery leads to a beautifully proportioned, rectangular living room with three large west facing windows and one large south window with an iconic view down Third Avenue. The heart of the apartment is the beautiful and well-designed kitchen which is open but set back enough to feel separated from the living and dining spaces. Closings starting this summer! See floor plan and full details here.

82% sold

The Treadwell

6 two- to four-beds from $2.48M
Lenox Hill
28 stories | 66 units
Delivery Q1 2024

249 East 62nd Street, Upper East Side condo

The Treadwell (Brown Harris Stevens)

The Treadwell, #23A
$4,050,000

Lenox Hill | Condominium | 3 Bedrooms, 3 Baths | 1,681 ft²

The Treadwell, #23A (Brown Harris Stevens Development Marketing LLC)

From the Listing: This floor-through residence offers floor-to-ceiling windows framing dynamic views over the Treadwell Farm Historic District to Central Park. The spacious living and dining area is replete with 10-foot ceilings, white oak floors, and custom millwork. Expansive, with abundant natural light, The Treadwell's thoughtfully appointed kitchens by INC Architecture & Design are centerpieces of each home. See floor plan and full details here.

Midtown

82% sold

111 West 57th Street

7 three- to five-beds from $13.8M
Billionaires' Row/Midtown West
84 stories | 60 units
Delivery Q2 2020

111 West 57th Street, Billionaires' Row tower

111 West 57th Street (Sotheby's International Realty)

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111 West 57th Street, #QUADPLEX80
$110,000,000

Midtown West | Condominium | 5 Bedrooms, 6+ Baths | 11,480 ft²

111 West 57th Street, #QUADPLEX80 (Sothebys International Realty)

From the Listing: Manhattan’s most extraordinary residential offering is located at the crown of 111 West 57th Street, an architectural masterpiece by SHoP Architects with interior architecture by Studio Sofield. Across four floors, Quadplex 80 offers over 11,480 square feet of meticulously designed interior space and 618 square feet of breathtaking south-facing exterior terraces. A private internal elevator and custom circular staircase offers access to a world of refined elegance, where 360° open views reveal the splendor of the perfectly centered views of Central Park, dazzling city skyline, and a river to river experience. See floor plan and full details here.

76% sold

611 West 56th Street

10 one- to four-beds from $888K
Hell's Kitchen/Midtown West
37 stories | 77 units
Delivery Q4 2021

611 West 56th Street (Douglas Elliman)

611 West 56th Street, #12
$5,100,000

Midtown West | Condominium | 4 Bedrooms, 4.5 Baths | 3,357 ft²

611 West 56th Street, #12 (Douglas Elliman Real Estate)

From the Listing: Residence 12 is a truly spectacular full-floor home, offering an unparalleled living experience with breathtaking north, south, east, and west exposures. This sun-drenched residence features four expansive bedrooms, four and a half luxurious bathrooms, and private elevator access directly into the home. With its exceptional modern design, wide-plank oak floors, and a sophisticated neutral color palette, this residence exudes timeless elegance and contemporary style. See floor plan and full details here.

98% sold

505 W 43

7 studio to three-beds from $805K
Hell's Kitchen/Midtown West
16 stories | 123 units
Delivery Q3 2019

505 West 43rd Street, Midtown West condo

505 W 43

505 W 43, #12H
$2,175,000 (-9.2%)

Midtown West | Condominium | 3 Bedrooms, 3 Baths | 1,488 ft²

505 W 43, #12H (Corcoran Sunshine Marketing Group)

From the Listing: Apartment 12H is a 1,488 square-foot split three-bedroom, three bathroom residence with south, north, and west-facing floor-to-ceiling windows, and a sunny, south-facing 87-square-foot terrace that overlooks 505 W 43's tranquil private park. Upon entering you are greeted with lovely light from the large floor-to-ceiling windows of the living and dining areas. See floor plan and full details here.

Over 90% sold

520 Fifth Avenue

3 three-beds from $5.95M
Midtown West
55 stories | 129 units
Delivery Q4 2025 (anticipated)

520 Fifth Avenue (Corcoran Group)

520 Fifth Avenue, #PH79
$11,750,000

Midtown West | Condominium | 3 Bedrooms, 3.5 Baths | 2,619 ft²

520 Fifth Avenue, #PH79 (Corcoran Sunshine Marketing Group)

From the Listing: Penthouse 79 at 520 Fifth Avenue is a stunning full-floor residence featuring panoramic views of the entire New York City skyline, including the Empire State Building, from river to river in every direction. Offering three bedrooms, three bathrooms, and a powder room stretching over an expansive 2,619 square feet of interior space, this special residence, designed by Charles & Co, showcases a palette of crafted interior finishes along with approximately 14'' ceilings, 7" wide plank white oak flooring, and a four-pipe HVAC system for year-round heating and cooling. See floor plan and full details here.

83% sold

35 Hudson Yards

8 two- to four-beds from $4.75M
Midtown West
71 stories | 143 units
Delivery Q3 2019

35 Hudson Yards (CityRealty)

35 Hudson Yards, #7403
$8,925,000

Midtown West | Condominium | 4 Bedrooms, 4.5 Baths | 3,435 ft²

35 Hudson Yards, #7403 (Corcoran Sunshine Marketing Group)

From the Listing: This expertly planned split four bedroom residence boasts 10'10" ceilings, lavish satin finish wide plank French oak floors, and stunning views of the Hudson River. The windowed eat-in kitchen has been outfitted with luxurious Smallbone of Devizes cabinetry with opal white marble counters and backsplash. The primary bedroom boasts two large walk-in closets and a luxurious en suite bathroom which is wrapped in stunning iceberg quartzite, complete with stunning double vanity with Kinon panels, and full depth soaking tub. Can be sold fully furnished. See floor plan and full details here.

Downtown

Over 95% sold

277 Fifth Avenue

6 two- to four-beds from $3.65M
NoMad/Flatiron District
55 stories | 129 units
Delivery Q4 2018

277 Fifth Avenue (Corcoran Group)

277 Fifth Avenue, #49B
$4,990,000 (-.1%)

Flatiron/Union Square | Condominium | 2 Bedrooms, 2 Baths | 1,557 ft²

277 Fifth Avenue, #49B (Douglas Elliman Real Estate)

From the Listing: With exposures to the East and South, Residence 49B is truly NoMad living at its finest. This 1,557-square-foot two-bedroom, two-bathroom home features 5 1/2" wide American White Oak flooring, 10' ceilings, and floor-to-ceiling windows that frame iconic New York views. The open chef's kitchen boasts a full suite of stainless-steel finished Miele appliances including a retractable ventilation hood and wine cooler, and is complemented by Calacatta Saccheli polished marble slabs throughout. See floor plan and full details here.

83% sold

Maverick

7 two- to four-beds from $2.35M
Chelsea
21 stories | 87 units
Delivery Q2 2022

Maverick (CityRealty)

Maverick, #16C
$4,595,000

Chelsea | Condominium | 3 Bedrooms, 3.5 Baths | 1,848 ft²

Maverick, #16C (Douglas Elliman Real Estate)

From the Listing: This expansive three-bedroom residence features both southwestern and northeastern exposures and an exceptional entertaining space. Upon entry, the foyer leads into the graciously proportioned living and dining rooms with an adjacent chef's kitchen. Oversized, southern-facing tilt-and-turn windows bathe the residence in natural light, while 7" wide white European oak flooring flows throughout. Sponsor to pay 12 months of common charges on newly signed contracts for a limited time only. See floor plan and full details here.

86% sold

The Cortland

10 one- to four-beds from $2.5M
West Chelsea
26 stories | 144 units
Delivery Q2 2022

555 West 22nd Street, West Chelsea condo

The Cortland (CityRealty)

The Cortland, #12BE
$8,250,000

Chelsea | Condominium | 3 Bedrooms, 3.5 Baths | 2,524 ft²

The Cortland, #12BE (CORE Group Marketing LLC)

From the Listing: Residence 12BE is a duplex residence with three bedrooms, three-and-a-half bathrooms, and a 507-square-foot private terrace. The expansive, open-plan living and dining areas feature north exposure, a 39-foot corner great room, a custom Olson Kundig-designed Jackbox kitchen and staircase, warm wood flooring, and floor-to-ceiling windows. See floor plan and full details here.

98% sold

Greenwich West

8 studio to three-beds from $1.36M
Hudson Square/Soho
27 stories | 170 units
Delivery Q3 2020

Greenwich West, 110 Charlton Street, NYC condo

Greenwich West (CityRealty)

Greenwich West, #PH29C
$8,636,550

SoHo | Condominium | 2 Bedrooms, 2.5 Baths | 2,005 ft²

Greenwich West, #PH29C (ALIGNMENT RE LLC)

From the Listing: The last Penthouse available! Perched on the 29th floor, this exceptional home offers sweeping panoramas from the Manhattan skyline to the Hudson River. Floor-to-ceiling glass doors seamlessly connect the sun-drenched great room to a private terrace, creating an effortless indoor-outdoor living experience ideal for entertaining or relaxation. See floor plan and full details here.

92% sold

108 Leonard Street

7 one- to five-beds from $2.3M
Tribeca
13 stories | 166 units
Delivery Q3 2019

108 Leonard Street (Douglas Elliman)

108 Leonard, #8B
$3,570,000

Tribeca | Condominium | 2 Bedrooms, 2.5 Baths | 1,419 ft²

108 Leonard, #8B (Douglas Elliman Real Estate)

From the Listing: Paying homage to the most coveted elements of an architectural masterpiece at 108 Leonard, ornamental majesty and historic provenance are leveraged anew with fresh modern forms and contemporary design priorities. This 2-bedroom residence features uncompromised scale, volume and character. Upon arrival, a spacious foyer and gallery proceed to an exceptional great room with dramatic windows, expansive walls for art and ceiling heights in excess of 10'. See floor plan and full details here.

96% sold

130 William

12 one- to four-beds from $1.5M
Financial District
61 stories | 242 units
Delivery Q4 2020

130 William (right)

130 William, #64B
$7,195,990

Financial District | Condominium | 3 Bedrooms, 3.5 Baths | 2,476 ft²

130 William, #64B (Corcoran Sunshine Marketing Group)

From the Listing: Three- and four-bedroom residences remain, including the Penthouse and Loggia Residences, all available for immediate occupancy. Residences are defined by airy interiors framed by oversized arched windows with elegant bronze detailing. All residences showcase bespoke features such as custom Italian marble quarried from the Apuan Alps and crafted by artisans in Tuscany, as well as custom Adjaye-designed bronze fixtures. The Premium Collection encompasses loggia, double-height, and duplex residences, comprised of generously scaled rooms and soaring loft-like ceilings See floor plan and full details here.

Brooklyn

Over 90% sold

Quay Tower

9 two- to six-beds from $2.09M
Brooklyn Heights
30 stories | 121 units
Delivery Q1 2020

50 Bridge Park Drive, Brooklyn Bridge Park condo

Quay Tower (CityRealty)

Quay Tower, #24A
$5,625,000

Brooklyn Heights | Condominium | 4 Bedrooms, 3.5 Baths | 2,439 ft²

Quay Tower, #24A (Serhant)

From the Listing: With stunning front-row views of the Manhattan skyline, New York Harbor and Downtown Brooklyn, Quay Tower creates an astonishing opportunity to experience a luxury lifestyle in one of the city's most exclusive neighborhoods. With 4 bedrooms and 3.5 bathrooms spread across 2,487 square feet, this amazing residence enjoys private high-speed elevator access into the grand entry foyer, generously sized gallery and entertaining spaces, a chef-inspired kitchen, and wide-plank oak flooring throughout. See floor plan and full details here.

Over 95% sold

The Brooklyn Grove

15 studio to three-beds from $675K
Downtown Brooklyn
27 stories | 184 units
Delivery Q2 2019

The Brooklyn Grove, 10 Nevins Street, Downtown Brooklyn condo

The Brooklyn Grove (Nest Seekers LLC)

The Brooklyn Grove, #25A
$1,575,000

Downtown Brooklyn | Condominium | 2 Bedrooms, 2 Baths | 1,161 ft²

The Brooklyn Grove, #25A (Nest Seekers LLC)

From the Listing: Residence 25A is a spacious, west-facing home with wide open views over Downtown Brooklyn. This home features an open plan and luxurious primary suite, second bedroom with a huge walk-in closet, a large kitchen with dining area and ceilings heights just shy of 10’. 12 months of common charges paid by sponsor. See floor plan and full details here.

Final sponsor listings in new development buildings

The Diana, #304S
$465,000

Bedford-Stuyvesant | Condominium | Studio, 1 Bath | 403 ft²

The Diana, #304S (Compass)

From the Listing: In a city where location is everything, The Diana offers its residents the quiet sanctuary of home and immediate access to one of the most energetic, diverse neighborhoods in New York City. Every residence features top-of-the-line appliances and fixtures, artful design finishes, floor to ceiling windows that lead to private outdoor terraces, and access to inviting common areas. See floor plan and full details here.

VELA, #5C
$799,000 (-4.3%)

Long Island City | Condominium | 1 Bedroom, 1 Bath | 714 ft²

VELA, #5C (Serhant)

From the Listing: Introducing Residence 5C at VELA, a brand new 1-bedroom plus home office and 1-bathroom condo in Astoria, a sanctuary that seamlessly blends the elegance of West Astoria with the allure of modern design. The entryway provides a coat closet and foyer leading into the kitchen. Outfitted with maintenance-free quartz countertops and backsplash that harmonizes perfectly with sleek imported chestnut and white-lacquer cabinetry, the open kitchen is the perfect place to prep a delicious meal. See floor plan and full details here.

166 Washington Avenue, #4A
$1,595,000

Clinton Hill | Condominium | 2 Bedrooms, 2.5 Baths | 1,135 ft²

166 Washington Avenue, #4A (Corcoran Group)

From the Listing: Sitting on a tree-lined street, this thoughtfully designed building features a collection of modern one-and-two-bedroom residences that blend functionality with sleek, contemporary design. Each home offers grand proportions, luxurious finishes, and unparalleled craftsmanship. The kitchens at 166 Washington Avenue are finished with custom cabinetry and rich, warm finishes. The king-sized bedrooms offer maximum comfort and flexibility, with custom outfitted walk-in-closets offering incredible storage. See floor plan and full details here.

265 20th Street, #PHL
$1,825,000

South Slope - Greenwood Heights | Condominium | 3 Bedrooms, 2 Baths | 1,283 ft²

265 20th Street, #PHL (Compass)

From the Listing: Penthouse L is the crown jewel—a 3-bedroom, 2-bath duplex that feels like your own private retreat in the sky. With ceilings that reach up to 10'10” and windows that offer jaw-dropping 360-degree views, this is a home that surrounds you with beauty at every turn. Step outside onto not one, but two spacious terraces finished in gorgeous Ipe wood, perfect for sunbathing, cocktailing, or just enjoying a quiet moment. See floor plan and full details here.

168 Plymouth, #THB
$2,950,000

DUMBO | Condominium | 3 Bedrooms, 2 Baths | 2,067 ft²

168 Plymouth, #THB (Douglas Elliman Real Estate)

From the Listing: Townhouse B at 168 Plymouth Street is a magazine-worthy, one-of-a-kind home located within one of DUMBO' s most coveted conversions by Alloy Development. Original details create the fabric of this home and add depth and character to every inch. There are two discreet entries to the home, one accessed through the classic arched entrance on Jay Street which once served as the horse and buggy loading dock for the building, as well as entry from the building's sophisticated lobby. See floor plan and full details here.

The Lexi, #PHA
$2,995,000 (-20.1%)

Murray Hill | Condominium | 2 Bedrooms, 2 Baths | 1,418 ft²

The Lexi, #PHA (Nest Seekers LLC)

From the Listing: This exclusive penthouse redefines sophistication, boasting two private terraces with jaw dropping views of the iconic New York City skyline, with the Empire State Building as a striking focal point from every room. Upon entry, grand custom walnut doors reveal a breathtaking open-concept living space, where approximately 11-foot ceilings and expansive floor-to-ceiling west-facing double-paned windows invite abundant natural light all day. See floor plan and full details here.

Gracie Green, #PENTHOUSE9
$4,495,000

Yorkville | Condominium | 4 Bedrooms, 3 Baths | 2,317 ft²

Gracie Green, #PENTHOUSE9 (Douglas Elliman Real Estate)

From the Listing: Perched atop a boutique Upper East Side condominium, Penthouse 9 delivers the rare kind of outdoor living New Yorkers dream about. Inside, the keyed elevator opens directly into a sun-drenched, nearly 50-foot-wide great room with 10-foot ceilings, oversized French casement windows, and wide-plank white oak floors. The sponsor is currently offering a one-year concession covering real estate taxes and common charges. See floor plan and full details here.

Park House Chelsea, #8W
$7,995,000

Chelsea | Condominium | 3 Bedrooms, 3.5 Baths | 3,005 ft²

Park House Chelsea, #8W (Compass)

From the Listing: An exceptional, mint 3-bedroom duplex with two private terraces! The elevator door opens directly into a gracious entry gallery that leads you to a living room anchored by a gas fireplace leading out directly to a private terrace overlooking the High Line Park, with impressive views west and north. See floor plan and full details here.

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From Future New York Manhattan Contracts: Iconic stylist Karl Templer finds buyer for storybook townhouse asking $14.5M Monday, June 30, 2025
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Contributing Writer Cait Etherington Cait Etherington has over twenty years of experience working as a journalist and communications consultant. Her articles and reviews have been published in newspapers and magazines across the United States and internationally. An experienced financial writer, Cait is committed to exposing the human side of stories about contemporary business, banking and workplace relations. She also enjoys writing about trends, lifestyles and real estate in New York City where she lives with her family in a cozy apartment on the twentieth floor of a Manhattan high rise.

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This is your member's center

In this article:

Unit inspections vs. walkthroughs

Walk-through

Common red flags

Who and what to bring to a walk-through

Next steps

Closing, Moving In, and Establishing an Outside Date

Closing

Certificate of Occupancy

The importance of establishing an outside date

Closing costs and fees

How and when to take possession of a new construction condo

After move-in

Common charges

Warranties

Assessments

Unit appreciation and resale potential

Rules against flipping your unit

Renting your unit

New development condos approaching sellout

88% sold Vandewater

12 one- to four-beds from $1.31M Morningside Heights32 stories | 178 units Delivery Q1 2021

79% sold The Westly

6 two- to five-beds from $2.95M Upper West Side20 stories | 51 units Delivery Q2 2022

96% sold 200 Amsterdam

7 two- to four-beds from $3.95M Lincoln Center52 stories | 112 units Delivery Q2 2021

78% sold 1289 Lexington Avenue

6 three- to five-beds from $3.95M Carnegie Hill18 stories | 61 units Delivery Q2 2019

81% sold 200 East 75th Street

6 three- to five-beds from $5.15M Lenox Hill18 stories | 36 units Delivery Q3 2025 (anticipated)

82% sold The Treadwell

6 two- to four-beds from $2.48M Lenox Hill28 stories | 66 units Delivery Q1 2024

82% sold 111 West 57th Street

7 three- to five-beds from $13.8M Billionaires' Row/Midtown West84 stories | 60 units Delivery Q2 2020

Select which properties are of interest to you:

76% sold 611 West 56th Street

10 one- to four-beds from $888K Hell's Kitchen/Midtown West37 stories | 77 units Delivery Q4 2021

98% sold 505 W 43

7 studio to three-beds from $805K Hell's Kitchen/Midtown West16 stories | 123 units Delivery Q3 2019

Over 90% sold 520 Fifth Avenue

3 three-beds from $5.95M Midtown West55 stories | 129 units Delivery Q4 2025 (anticipated)

83% sold 35 Hudson Yards

8 two- to four-beds from $4.75M Midtown West71 stories | 143 units Delivery Q3 2019

Over 95% sold 277 Fifth Avenue

6 two- to four-beds from $3.65M NoMad/Flatiron District55 stories | 129 units Delivery Q4 2018

83% sold Maverick

7 two- to four-beds from $2.35M Chelsea21 stories | 87 units Delivery Q2 2022

86% sold The Cortland

10 one- to four-beds from $2.5M West Chelsea26 stories | 144 units Delivery Q2 2022

98% sold Greenwich West

8 studio to three-beds from $1.36M Hudson Square/Soho27 stories | 170 units Delivery Q3 2020

92% sold 108 Leonard Street

7 one- to five-beds from $2.3M Tribeca13 stories | 166 units Delivery Q3 2019

96% sold 130 William

12 one- to four-beds from $1.5M Financial District61 stories | 242 units Delivery Q4 2020

Over 90% sold Quay Tower

9 two- to six-beds from $2.09M Brooklyn Heights30 stories | 121 units Delivery Q1 2020

Over 95% sold The Brooklyn Grove

15 studio to three-beds from $675K Downtown Brooklyn27 stories | 184 units Delivery Q2 2019