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NYC listings and buildings with incentives for buyers NYC listings and buildings with incentives for buyers
Recent market conditions would indicate that there is no time like the present to buy in New York. Rental vacancies are at record lows (one report shows a vacancy rate of only 1.4%), and such scarcity can’t help but drive rents up. Meanwhile, although the stock market recently rallied to reach record highs, there is still a bit of anxiety surrounding the forthcoming presidential election (to put it mildly), and Manhattan real estate has historically proven to be a safe investment.
It is against this backdrop that new Kips Bay condominium 609 Second Avenue is gearing up for a sales launch. A registration site has recently launched, and a recent site visit saw netting off the building, which towers over its nearest neighbors and boasts a multi-hued facade with copper-toned accents, indicating that occupancy may not be far behind.

In this article:

The Solaire, 20 River Terrace
The Solaire, 20 River Terrace Battery Park City
505 West 43rd Street
505 West 43rd Street Midtown West
Greenwich West, 110 Charlton Street
Greenwich West, 110 Charlton Street SoHo
The Luminaire, 128 East 28th Street
The Luminaire, 128 East 28th Street Flatiron/Union Square
Maverick, 215 West 28th Street
Maverick, 215 West 28th Street Chelsea
609 Second Avenue facade 609 Second Avenue rendering (Douglas Elliman)
The oversized windows and curved balconies are already evident, but few details are available on interiors by ODA as of yet. The 65 studio to two-bedroom units will span no more than five units per floor up to the 14th floor, and floors 15-18 will house full-floor penthouses (as per building permits). A well-thought amenity package is set to include a garden courtyard, a roof terrace with outdoor kitchen, a lounge, a fitness center with yoga studio, and indoor basketball court.
An offering plan with a $105,165,800 sellout was filed in November 2023, but has not yet been accepted. As per New York law, sponsors are required to get 10% of their units in contract for their offering to go into full effect; as such, it is not inconceivable that they might offer early buyers some sort of special presale deal.
609 Second Avenue construction progress 609 Second Avenue, July 2024 (CityRealty)
Such a thing would not be unheard of to sweeten the deal for prospective buyers. Not only is New York notorious for its high sticker prices, but closing costs can add up quickly, and monthly fees can also prove costly. Developers recognize this and are sometimes prepared to offer concessions to help with this.
Moreover, individual sellers are also willing and able to offer buyer concessions. Sometimes they offer something similar to what a building sponsor might (e.g., a year of free common charges), while others offer a concession unique to the building (e.g., continued payment of the remainder of an assessment, a credit to offset especially high monthly costs). Below, we look at individual listings and whole developments offering special buyer incentives.


Individual offers

One Essex Crossing, #7J (Corcoran Group)

272 19th Street, #5 (Corcoran Group)

10 Sullivan Street, #10A (Brown Harris Stevens Residential Sales LLC)

Sutton House, #4EA (Brown Harris Stevens Residential Sales LLC)

Netherland Gardens, #4B (Brown Harris Stevens Riverdale LLC)

The Stanhope, #16
$24,250,000

Carnegie Hill | Condop | 6+ Bedrooms, 6+ Baths | 8,360 ft2
Seller is offering a concession on monthly maintenance for up to two years
The Stanhope, #16 (Corcoran Group)

5 Fordham Hill Oval, #11A (RED Sparrow Realty Group LLC)

The Studio Building, #89B (Brown Harris Stevens Residential Sales LLC)

The Norville House, #6FS
$1,079,000

Greenwich Village | Cooperative | 2 Bedrooms, 1 Bath
Monthly maintenance noted in listing reflects a $25,000 concession from seller to buyer at closing to apply to and reduce four years’ of maintenance costs
The Norville House, #6FS (Platinum Properties)

The Luxe, #3G
$510,000 (-1.9%)

Midwood | Condominium | 1 Bedroom, 1 Bath
Offering a concession that could lower your mortgage rate
The Luxe, #3G (Corcoran Group)

The John James, #3B
$619,000

Washington Heights | Condominium | 1 Bedroom, 1 Bath | 853 ft2
Sponsor will pay the entirety of a assessment linked to Local Law 11 work on the building
The John James, #3B (Brown Harris Stevens Residential Sales LLC)

London Terrace Towers, #18C
$1,100,000 (-2.2%)

Chelsea | Cooperative | Studio, 1 Bath
Seller will pay buyer's co-op transfer fee at closing
London Terrace Towers, #18C (Douglas Elliman Real Estate)

25 Parade Place, #3L
$450,000 (-4.1%)

Flatbush | Cooperative | Studio, 1 Bath
Sponsors are offering to convert to a junior one-bedroom
25 Parade Place, #3L (Weichert Properties)

Coda Condominium, #7H
$1,150,000 (-11.2%)

Gramercy Park | Condominium | 1 Bedroom, 1 Bath | 748 ft2
Seller to cover mansion tax for contracts signed before July 31, 2024
Coda Condominium, #7H (Compass)

100 Avenue A, #2B
$1,150,000

East Village | Condominium | 1 Bedroom, 1 Bath | 676 ft2
Rate buydown to 4.5% for contract signed by July 31, 2024
100 Avenue A, #2B (Compass)

Building-wide incentives

90 Units | 38 Stories
One-bed for $1,749,000 | Two-beds from $2,190,000 | Three-beds from $3,495,000 | Four-bed for $4,795,000


Sponsor offering 24 months of common charges for all contracts signed by July 31, 2024
77 Greenwich Street, FiDi condo 77 Greenwich Street (Christie's International Real Estate Group)

77 Greenwich Street, #32B
$2,995,000

Financial District | Condominium | 2 Bedrooms, 2.5 Baths | 1,487 ft2
Sponsor offering 24 months of common charges for all contracts signed by July 31, 2024
77 Greenwich Street, #32B (Christies International Real Estate Group LLC)

222 East Broadway
70 Units | 30 Stories
Studio for $799,000 | One-beds from $1,100,000 | Two-beds from $1,955,000 | Three-bed for $2,875,000 | Four-bed for $5,495,000


Sponsor offering five years paid common charges for a limited time
222 East Broadway, Lower East Side condo 222 LES Tower + Lofts (Corcoran Group)

222 LES Tower + Lofts, #19B
$1,345,000

Lower East Side | Condominium | 1 Bedroom, 1 Bath | 709 ft2
Sponsor offering five years paid common charges for a limited time
222 LES Tower + Lofts, #19B (Corcoran Sunshine Marketing Group)

130 William Street, Financial District condo 130 William (Corcoran Group)

130 William, #L59B (Corcoran Group)

350 Units | 36 Stories
Studios from $670,000 | One-beds from $625,000 | Two-beds from $1,550,000 | Four-bed for $4,995,000


Sponsor concessions and common charge credits on contracts signed by Labor Day
75 Wall Street, Financial District condo 75 Wall Street (Platinum Properties)

75 Wall Street, #PHL7
$1,799,000 (-10%)

Financial District | Condominium | 2 Bedrooms, 2 Baths | 1,455 ft2
Sponsor concessions, common charges on contracts signed by Labor Day
75 Wall Street, #PHL7 (Platinum Properties)

29 Units | 18 Stories
Three-beds from $4,795,990 | Four-beds from $9,985,990


Transfer taxes, mansion taxes, and two years common charges paid by sponsor
40 East End Avenue 40 East End Avenue (Corcoran Group)

40 East End Avenue, #PH15
$11,950,000 (-7.6%)

Yorkville | Condominium | 4 Bedrooms, 4.5 Baths | 3,645 ft2
Transfer taxes, mansion taxes, and two years common charges paid by sponsor
40 East End Avenue, #PH15 (Corcoran Sunshine Marketing Group)

260 Rockaway Avenue
8 Units | 4 Stories
One-beds from $499,000 | Two-bed for $774,968


20-year tax abatement in effect
5.75% financing available for qualified buyers
260 Rockaway Avenue, Crown Heights The Rockaway (Serhant LLC)

The Rockaway, #4A
$599,000

Crown Heights | Condominium | 1 Bedroom, 1 Bath | 697 ft2
20-year tax abatement in effect
5.75% financing available for qualified buyers
The Rockaway, #4A (Serhant LLC)

618 Avenue H
43 Units | 8 Stories
One-bed for $520,000 | Two-bed for $706,000 | Three-beds from $875,000


Sponsor offering to buy down your rate by up to 3%
618 Avenue H, Midwood condo H70 (Corcoran Group)

H70, #6B (Corcoran Group)

1437 Hancock Street
18 Units | 4 Stories
One-bed for $695,000 | Three-bed for $1,100,000


Sponsor offering 50% credit on taxes for first 3 years
5.875% financing for qualified buyers available through Valley National Bank Community Plus Program
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1437 Hancock Street Jefferson Hancock (Serhant LLC)

Hancock Jefferson, #GDNC
$695,000

Bushwick | Condominium | 1 Bedroom, 1.5 Baths | 827 ft2
Sponsor offering 50% credit on taxes for the first 3 years
5.875% financing for qualified buyers available through Valley National Bank Community Plus Program
Jefferson Hancock, #GDNC (Serhant LLC)

107-02 Queens Boulevard
74 Units | 10 Stories
Two-beds from $1,098,000 | Three-bed for $1,695,000


Concessions on select units
107-02 Queens Boulevard, Forest Hills condo BLVD (Modern Spaces)

BLVD, #5G (Modern Spaces)

4 Units | 4 Stories
One-bed for $1,595,000 | Two-bed for $1,395,000


Sponsor is offering a 1% credit at closing to cover your mansion tax
96 16th Street, Gowanus boutique condo 96 16th Street (Corcoran Group)

96 16th Street, #1
$1,595,000

Gowanus | Condominium | 1 Bedroom, 1.5 Baths | 1,538 ft2
Sponsor is offering a 1% credit at closing to cover your mansion tax
96 16th Street, #1 (Corcoran Group)

20 River Terrace
293 Units | 27 Stories
Studio for $855,000 | One-beds from $920,000 | Three-beds from $2,550,000


12 months paid maintenance on contracts signed by September 1, 2024
20 River Terrace The Solaire (Evan Joseph)

The Solaire, #4H
$1,180,000

Battery Park City | Condop | 1 Bedroom, 1 Bath | 862 ft2
12 months paid maintenance on contracts signed by September 1, 2024
The Solaire, #4H (Corcoran Sunshine Marketing Group)

110 Charlton Street
170 Units | 27 Stories
One-beds from $1,250,000 | Two-beds from $6,427,200, Three-beds from $4,250,000


3 years free carrying costs
110 Charlton Street

Greenwich West, #20D (Corcoran Sunshine Marketing Group)

128 East 28th Street
10 Units | 8 Stories
Two-bed for $2,195,000


$50,000 closing credit for contracts signed by July 31, 2024
128 East 28th Street

The Luminaire, #6A (REAVIS PARTNERS LLC)

215 West 28th Street
87 Units | 21 Stories
Two-beds from $2,470,000, Three-bed for $4,595,000 | Four-bed for $4,925,000


Sponsor to pay 12 months of common charges on newly signed contracts for a limited time
215 West 28th Street

Maverick, #15A
$4,925,000

Chelsea | Condominium | 4 Bedrooms, 4.5 Baths | 2,100 ft2
Sponsor to pay 12 months of common charges on newly signed contracts for a limited time
Maverick, #15A (Douglas Elliman Real Estate)

138 Willoughby Street
458 Units | 57 Stories
Studio for $985,000 | One-beds from $1,230,000 | Two-beds from $2,092,018 | Three-beds from $2,899,000


25-year tax abatement in effect
Brooklyn Point (Extell Development Company)

Brooklyn Point, #30F (Serhant LLC)

252 South Street
811 Units | 72 Stories
One-beds from $1,159,000 | Two-beds from $1,895,000 | Three-beds from $2,790,000


20-year tax abatement in effect
One Manhattan Square (Extell Development Company)

One Manhattan Square, #43E (Extell Marketing Group LLC)

3000 Valentine Avenue
57 Units | 6 Stories
One-bed for $210,000


Sponsor Sales with No Board Approval and Flexible Financing
3000-Valentine-Avenue-01 Origin Valentine

Origin Valentine, #4G
$210,000

Bedford Park | Cooperative | 1 Bedroom, 1 Bath
Sponsor sale with no board approval and flexible financing
Origin Valentine, #4G (Corcoran Group)

3245 Perry Avenue
42 Units | 6 Stories
One-bed for $240,000 | Two-bed for $299,000

No Board Approval and Flexible Financing
3245-Perry-Avenue-01 Origin Perry Corcoran

Origin Perry, #2G (Corcoran Group)

181 East 101st Street
71 Units | 9 Stories
One-beds from $899,000 | Two-bed for $899,000 | Three-bed for $1,295,000

24 months common charges waived on sponsor units
181-East-101st-Street-01 Huxley (Serhant LLC)

Huxley, #PH1 (Serhant LLC)

85 Jay Street
408 Units | 21 Stories
One-beds from $1,170,000 | Two-beds from $1,795,000 | Three-beds from $2,450,000


2 years of common charges and sponsor-paid transfer taxes on all residences
Sponsor-paid mansion tax on all residences under $2M
61-North-Henry-Street-01 (CIM / LIVWRK)

Front & York, #17K-YORK
$1,410,000

DUMBO | Condominium | 1 Bedroom, 1 Bath | 793 ft2
2 years of free common charges and sponsor-paid transfer taxes
Sponsor-paid mansion tax
Front & York, #17K-YORK (CIM / LIVWRK)

505 West 43rd Street
123 Units | 16 Stories
Studio for $895,000 | Two-beds from $1,598,000 | Three-beds from $2,050,000


Two years common charge credit on two- through three-bedrooms
505-West-43rd-Street-01 505 W 43

505 W 43, #1A (Corcoran Sunshine Marketing Group)

Would you like to tour any of these properties?
Just complete the info below.
  1. Select which properties are of interest to you:

Or call us at (212) 755-5544
Would you like to tour any of these properties?