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Sponsor units are at the top of some condo buyers’ wish lists, but resales should not be discounted out of hand simply because they aren’t as shiny or new. As early as on the first round of resales, prospective buyers will be able to evaluate a building’s performance, financials, and repair history, all factors that will help them make an informed decision as to whether this will be a good investment.

Moreover, numerous reports have shown that New York’s housing construction has not kept up with demand, and an analysis saw a decided split in the condo market - roughly 90% resales and 10% new units. Not only do resales give buyers a far greater number of options to choose from, but there is also more room for negotiation: Investors are involved with new condos, and the developer is under obligation to meet certain financial commitments to the bank, which makes prices more rigid. With resales, though, the buyer is only dealing with one seller who might show greater flexibility.

Owing to high development and land acquisition costs, new condos will more likely than not have a higher price per square foot than resale units in the same neighborhood. However, resale buyers should be prepared for the same closing costs they would expect in a sponsor unit. And while flip taxes are more common in co-ops, condo buyers should keep an eye out for “capital contribution fees,” an initial contribution to a building’s reserve fund.

With Manhattan sale prices down from their high-flying days in the mid-2010s , there are several dozen first-time condo resales priced below their initial closing price. These bargains likely won't last for long as transaction volume is up 38% in the first two quarters of 2021. Below find some of the best mint-condition deals on the market right now.




From the Listing: Sweeping western views, floor to ceiling windows and natural light all day, this sublime loft-like 1-bedroom at Reade57 Condominium offers super-low monthlies and the best of downtown living in prime TriBeCa, value-priced to move right in. See floor plan and full details here.

From the Listing: Meticulously conceived by award-winning Brazilian architect Isay Weinfeld, this 1-bedroom, 1-bathroom residence comprising of 758 interior and 20 exterior square feet highlights the hallmarks of Weinfeld's inimitable design. Ideal proportions and warm materials imbue this residence with Isay Weinfeld's signature modernist elegance. An open eat-in kitchen that offers Gaggenau appliances and sleek stainless steel countertops and backsplash leads to the living/dining room, where a sliding glass pocket window opens to reveal the outdoor space. The bedroom also features a sliding pocket window that opens to a Juliet balcony, as well as a walk-in closet. The expansive ensuite bathroom is lined with graphite marble stone and has radiant heated floors. See floor plan and full details here.

From the Listing: **See Attached Listing Video**Possibility to Purchase Turn-Key Designer Furnished**Pin Drop Quiet**Residence #406N, located in the North Tower, is an elegant 2 Bedroom 2 Bathroom that measures a generous 1,157 square feet of immaculate living. This stunning residence with southern exposure is completely state-of-the-art, and features ample living space with white oak hardwood flooring and a wall of floor-to-ceiling windows that permit an abundance of natural sunlight. See floor plan and full details here.

From the Listing: "Facing North, West , South , this 3 exposure 1652 sqft. 2 bedroom 2.5 bathroom residence is in a grand presence. Upon entering, a gracious foyer leads into a 10'; ceiling living room together with open dining. Wall to wall floor to ceiling windows allow abundant lights and views. Sleek finishes throughout. Split bedrooms, in the master, double closets and spacious windowed bathroom provide double vanities, a separate shower and bathtub, heated marble floors, luxury and comfort. In the second bedroom, en-suite bathroom with heated marble floors, West and South double exposures, as well as a large closet. A stunning marble finish power room and Washer and dryer in unit complete this modern offering. See floor plan and full details here.

From the Listing: THE ONLY SPLIT 2 BEDROOM, 2 BATHROOM LAYOUT UNDER $2,500,000 AVAILABLE IN THE BUILDING. Positioned as a corner residence, this spacious and bright 2-Bedroom, 2-Bathroom home features top-of-the-line finishes and appliances throughout. See floor plan and full details here.

From the Listing: Perfect pied-a-terre can be had for a perfect price! Snap up this opportunity to 'own' the three iconic landmarks that embody the never-ending energy of Manhattan Island, the Empire State Building, the Chrysler Building, and Freedom Tower, morning, noon, and night! This originally 2 bedrooms, 2 bath apartment has been re-envisioned and upgraded into an ultra lux, grandly proportioned one bedroom, 2 bath home with stunning views to the West, South, and North through 10&' floor to ceiling, windows. See floor plan and full details here.

From the Listing: Light, bright and beautiful, this is the perfect two bedroom condo! Floor to ceiling windows provide expansive views north, south and of the east river, this is a jewel of an apartment in a new construction (2015) and highly desirable building. On the 31st floor, this home was purchased as a sponsor unit but never lived in. This is a new apartment with brand new appliances. You feel that the moment you enter the foyer that this is a magnificent home. One floor beneath the penthouses, which sold for millions more, this is professionally decorated and optionally available as furnished. See floor plan and full details here.

From the Listing: Welcome to 64 East 1st, the Bowery District's premiere new boutique condominium building. Perched on the fourth floor, Apt #4 rests above the sidewalk trees and receives uninterrupted sunlight from dawn to dusk. Casement windows artfully frame the southern exposure over protected views of the park.

At 1800+ sq ft, this floor-through 2BR provides a generous layout with ample space for dining, living, entertaining, and working. The open kitchen complements the modern living room design with sleek, discrete appliances. A spacious dinette, a powder room and a private elevator allow for easy entertaining.
See floor plan and full details here.

From the Listing: Graced with a collection of elegant finishes and a prime Tribeca location, this gut-renovated 3-bedroom, 3-bathroom home is a paradigm of sophisticated design and contemporary urbanity. Features of this 1,897 sq. ft. home include stunning wide-plank herringbone floors, high ceilings, western exposure, custom floor-to-ceiling windows with motorized shades, an in-unit side-by-side washer/dryer and a customizable smart home system that controls lighting, music, shades and sound. See floor plan and full details here.

From the Listing: NO TRANSFER TAXES FOR PURCHASERS---an incredibly gorgeous and expansive resale at 15 Hudson Yards. Feel as if you are sitting directly on the Hudson River... phenomenal river views from the 68th floor of this beautifully designed loft-like condominium home in the sky. See as far west as New Jersey and distinctly north to The George Washington Bridge. See floor plan and full details here.

From the Listing: Welcome to Residence 60C at 30 Park Place, Four Seasons Private Residences, Downtown, where a 5-star hotel lifestyle awaits. This high floor mint southeast corner residence enjoys extraordinary light, with stunning city and Hudson and East River views. See floor plan and full details here.

From the Listing: A rare opportunity to call this 2,016 square foot 3BR, 2.5BA penthouse home awaits! Enjoy the breathtaking views overlooking the meatpacking district from the comfort of your floor-to-ceiling windows throughout the living and dining rooms or expansive 236 square foot private terrace. The large open living and dining room features recessed 10.5-foot ceilings, custom-milled paneling, and direct access to the landscaped private terrace with Kolumba brick planters and built-in irrigation. See floor plan and full details here.

From the Listing: This chic full-floor Penthouse boasts a huge private terrace, immaculate modern finishes, 10' ceilings, and approximately 2505 sq ft of interior space. Soak in the sun, dine or entertain on your oversized, private roof terrace of approximately 1425 sq ft (per floor plan draftsman) accessible by elevator or from the planted glass atrium within the apartment. This spectacular terrace boasts open exposures, a gas grill, and approved and permitted plans for a hot tub and full landscaping. No expense has been spared to create a sophisticated and luxurious 2 bedroom plus den/office, 2.5 bathroom home. See floor plan and full details here.

From the Listing: Simply spectacular high floor three-bedroom condominium with endless views, three full bathrooms, powder room, central air-conditioning, private laundry and twenty-four-hour doorman, moments from Union Square and Greenwich Village. Enter into a graceful entry gallery and your grand living room with fabulous proportions, floor-to-ceiling windows and tremendous views from the World Trade Center to Hudson Yards and the most phenomenal sunsets in New York City! See floor plan and full details here.

From the Listing: Parking Spot Sold With Apartment! Live in one of Chelsea'ss newest premier buildings, where stunning architectural details and modern style blend to create a timeless design. This magnificent residence at 551 West 21st Street boasts a sprawling 3,016 square foot interior with three bedrooms and three full bathrooms. See floor plan and full details here.

From the Listing: Perched above East End Avenue with dramatic scale and a timeless finish, this 2,937 SF 3 bedroom, 3.5 bathroom residence epitomizes elegance.

The entry of this home, a grand foyer, leads into a formal gallery. The focal point of the home is an immense living room with 11-foot ceilings and an enormous East facing bay window with partial water views. Walnut-stained white oak floors in a herringbone pattern graciously adorn all the public spaces. A chef's kitchen boasts custom shaker-inspired millwork cabinetry, a natural Brazilian quartzite countertop, Lefroy Brooks hardware, and Gaggenau appliances. The kitchen connects to a large-scale dining area.
See floor plan and full details here.

From the Listing: INCREDIBLE ONE OF A KIND FULL-SERVICE DOWNTOWN CONDOMINIUM RESIDENCE DEVELOPED BY IAN SCHRAGER and designed by Pritzker Price award-winning architects Herzog & de Meuron, offers the only three-bedroom columnless space available in the luxurious boutique full-service building with hotel amenities, 215 Chrystie Street. Become breathless upon entering this grand modern SKY LOFT residence on the 28TH floor with 10' CEILINGS and floor-to-ceiling sound dampening operable windows. See floor plan and full details here.

From the Listing: VALUE BUY...Stunning, sophisticated show stopper with 10.5-foot ceilings, this high floor spacious 3 bedroom, 3 bathroom home features an open living/dining room with expansive walls of windows showcasing spectacular views! Enjoy views to the South of the Freedom Tower, Statue of Liberty, New York Harbor, West to New Jersey, and North to the Empire State Building, Madison Square Park and the Midtown skyline. See floor plan and full details here.

From the Listing: 45C BEST PRICED FOUR BEDROOM in One57 . This 4 bedroom, 4-bath apartment with 3,466 square feet features an enormous Grand Salon with 3 exposures over 43 feet in length and over 20 feet in width that is entirely surrounded by floor-to-ceiling windows. With soaring ceilings well over 10 feet, extra-tall doorways and breathtaking views of Central Park, the city skyline and the Hudson River to well beyond the George Washington Bridge, it is one of Manhattans truly great rooms, ideal both for lavish entertaining as well as a casual night of stargazing at home. One enters the apartment through a classic foyer with a window overlooking Central Park which leads to a grand gallery perfectly suited for the display of art or family portraits. See floor plan and full details here.

From the Listing: Soaring high above Midtown, comprising the entire 81st floor, this trophy penthouse residence at the premier One57 condominium tower is a masterpiece of design and luxury. From your sprawling private oasis in the sky, you will enjoy spectacular panoramas from every room & vantage point, with inpouring natural light all day long. Walls of glass wrap the entire home, capturing unobstructed expanses of Central Park, the Hudson River, East River & dramatic cityscapes. See floor plan and full details here.

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