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Availabilities are few and far between at these new developments Availabilities are few and far between at these new developments
For most of 2020, all but the most essential construction (think healthcare facilities, infrastructure work, and buildings containing affordable housing units) was suspended owing to the height of the coronavirus pandemic. This put luxury residential buildings on hold; however, as vaccinations became available and progress resumed, buyers responded with gusto. As of this writing, market conditions are starting to return to a more normal level, though not after a number of units in the new developments got snapped up. Below, we take a look at strong-selling new buildings and the small handful of availabilities (think five or fewer) inside.

359-Second-Avenue-01 The Edison Gramercy (Douglas Elliman)
When sales launched at The Edison Gramercy, a classically inspired boutique building, broker Fredrik Eklund said, "We wanted to create a project that captures the essence of elegant Parisian style in a romantic location." The building appears to have succeeded on this count -- it reached 50 percent sold in less than a month and ranked among the most contracts signed in the second quarter of 2022.

The Edison Gramercy, #7A (Douglas Elliman)

The Edison Gramercy, #PHB (Douglas Elliman)

30-East-31st-Street-01 30E31 (Coldwell Banker Warburg)
Amidst the NoMad building boom that shows no sign of slowing down, 30E31 stands out for its towering height, contextual details designed by Morris Adjmi Architects. Inside, the collection of full-floor units offer the privacy of a house with the conveniences of a condominium.

30E31, #24 (Warburg Realty Partnership, Ltd.)

30E31, #PH (Warburg Realty Partnership, Ltd.)

10-Riverside-Boulevard-01 One Waterline Square (The Corcoran Group)
In the new Waterline Square development, One Waterline Square features a design by a Pritzker Prize laureate and an address facing the brand-new Waterline Square Park. Private condo amenities are located on the 15th floor to make the most of natural light and sweeping views, and all residents have access to over 100,000 square feet of amenities at The Waterline Club.

One Waterline Square, #33C (Corcoran Group)

One Waterline Square, #PHA (Corcoran Group)

Waterline Square Two Waterline Square (Evan Joseph)
At the height of the coronavirus pandemic, a Peruvian family paid nearly $27 million for eight apartments in Two Waterline Square in an all-cash deal, seeing the real estate as a safer investment than a bank at the time. A short time later, it was among the best-selling buildings of the first quarter of 2022. At any time, residents have been drawn to its eye-catching architecture by Kohn Pedersen Fox, high-end interiors, state-of-the-art infrastructure, seemingly endless amenities, and specialty food hall Harry's Table by Cipriani.

Two Waterline Square, #28D (Corcoran Group)

Two Waterline Square, #37F (Corcoran Group)

109-East-79th-Street-01 109 East 79th Street (The Corcoran Group)
Earlier this month, 109 East 79th Street recorded a total of $54.2 million in sales in a week. Luxury buyers have been drawn to its prewar-inspired architecture, graciously proportioned apartments, well-thought amenities, and prime Upper East Side address near Central Park and high-end shopping.

109 East 79th Street, #3SOUTH (Corcoran Group)

109 East 79th Street, #5NORTH (The Corcoran Group)

1228-Madison-Avenue-01 1228 Madison Avenue (Compass)
1228 Madison Avenue, a "co-op with condo rules," features a design by Robert A.M. Stern Architects and Kelly Behun Studio that pays a respectful homage to traditional Upper East Side design. However, the proportions, appliances, and amenities were designed to appeal to luxury buyers of today. It is a stone's throw from Central Park, Museum Mile, and 92Y.

1228 Madison Avenue, #6 (Compass)

1228 Madison Avenue, #8FL (Compass)

168-Plymouth-Street-01 168 Plymouth Street (Sotheby's International Realty)
As a large number of developers have embraced the potential of converting industrial loft buildings to residential, authentic loft apartments are becoming few and far between. 168 Plymouth Street, a former daylight factory, is one of them, and over 70 percent sold. Residents enjoy open layouts, thoughtful amenities, and an address in the heart of the cobblestone-lined DUMBO Historic District.

168 Plymouth, #4F (Sotheby's International Realty, Inc.)

168 Plymouth, #THC (Sotheby's International Realty, Inc.)

567-Ocean-Avenue-01 567 Ocean Avenue (Nest Seekers International)
As more offices embrace a hybrid work model, buyers are freer to look for apartments further afield from Manhattan's central business districts where they might get more bang for their buck. One example is the rapidly selling 567 Ocean Avenue, located at the point where Prospect Park tips into Flatbush. The condo offers deeded parking, which makes it easier to get around, as well as a number of in-building amenities.

567 Ocean Avenue, #TH04 (Nest Seekers LLC)

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