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Top Ten Best New Development Deals in Manhattan (South of 96th Street) Top Ten Best New Development Deals in Manhattan (South of 96th Street)
According to our April Monthly Market Report, the average closing price of a new development condo in Manhattan south of 96th Street is $2,355/ft2 ($5.4 million), well above the $1,650/ft2 average for non-new development condominium sales in the borough. While these brand-new buildings are priced at a premium, the benefits of buying new include living in a contemporary home that offers the latest in design trends, amenities and services — and of course being able to enjoy brand-new appliances, fixtures and finishes. Buying new also grants the vigilant buyer the one-shot opportunity to get the sponsor to correct any defects/incorrectly-installed items in the unit prior to closing.

So, if you’re searching for a new development building in Manhattan, on a shoe-string budget (relatively), we provided this top 10 list of apartments with the lowest price per square foot in new condo buildings (built or converted after 2014) south of 96th Street.
new-developments-graph-cityrealty-april New Developments VS All Other Condos
Map locating the top 10 best new development condo bargains in Manhattan and the each neighborhood's average price per square foot. Click for more listing details.

10. Poppy Lofts, 26 Avenue B - #PH

2-bed, 2-bath | $2.215 million ($1,692 per square foot)

Located in the East Village

Poppy Lofts has 3 available units priced at an average of $1,722 per square foot

poppy-lofts-PH Nest Seekers
Poppy Lofts is a new condo development by Vinbaytel Development at the convergence of the East Village and the Lower East Side. Situated at 26 Avenue B the handsome building contains 5 family-sized apartments designed by New York City-based architect, Versatile Engineering. Two of its three available units recently received substantial price cuts of 20.2% and 12.3% giving its active listings an average PPSF of $1,722.

The building’s best bargain is its duplex penthouse priced at a cool $2.215 million or $1,692 per square foot. The 2-bed, 2.5-bath homes possesses high-end finishes as well as an unheard of 4 separate outdoor spaces.
poppy-lofts-PH-kitchen Kitchen
poppy-lofts-PH-roof-deck Roof Deck
poppy-lofts-PH-floorplan Floorplan

9. The Sutton, 959 First Avenue - #8P

2 beds, 2.5 baths | $2,359,990 ($1,653 per square foot)

Located in Midtown East

The Sutton has 5 available units priced at an average of $1,925 per square foot

the-sutton-8P Toll Brothers
The Sutton is an elegant new apartment tower at the junction of Midtown East, Turtle Bay and Beekman Place neighborhoods. The building’s designers, Hill/West and INC Architecture & Design have masterfully crafted 90 condominiums ranging from one to three bedrooms that offer a handcrafted aesthetic and pay homage to the past. Only 5 units remain on the market and are priced at an average of $1,925 per square foot.

Unit #8P, a 2-bed, 2.5-bath home spanning 1,428 square feet is priced at an alluring $2,359 million or $1,653 per square foot making the unit #9 on our list.
the-sutton-8P-living Living Area
the-sutton-8P-kitchen Kitchen
the-sutton-8P-floorplan Floorplan

8. The Catherine, 236 West 24th Street - #2FL

1 bed, 2 baths | $2,050,000 ($1,598 per square foot)

Located in Chelsea

The Catherine has 3 available units priced at an average of $1,735 per square foot

the-catherine-2FL Douglas Elliman
The Catherine's stately new red-brick condominium at 236 West 24th Street in Chelsea between Seventh and Eighth avenues. The building’s full-floor home on the second level features direct elevator entry is flooded with natural light and features walnut-stained White Norwegian Oak hardwood floors, oversized windows and elegant crown molding throughout. The unit is competitively priced at $2,050,000 or $1,598 per square foot making it number 8 on our list. Two other homes in the Catherine, the penthouse and 3rd floor unit are also on the market and have recently received price cuts.
the-catherine-2FL-kitchen Kitchen
the-catherine-2FL-dining Living/Dining Area
the-catherine-2FL-floorplan Floorplan

7. Citizen360, 360 East 89th Street - #10C

2 bed, 2 baths | $2,620,000 ($1,680 per square foot)

Located in Yorkville

Citizen360 has 13 available units priced at an average of $1,940 per square foot

citizen-360-10c Corcoran
Just in time to take advantage of the game-changing Second Avenue Subway, Citizen360 is a SHoP Architects-designed condo tower at the corner of East 89th Street and First Avenue in Yorkville. The building’s one- to four-bedroom homes start at $1.375 million and average $1,940 per square foot. The best deal in the building however is this two-bed, two-bath on the tenth floor priced at $2.62 million or $1,680 per square foot.

Designed by the acclaimed interior designer, Clodagh, unit #10C spans 1,665 square feet and features white oak floors, floor-to-ceiling windows with city views, a split floor plan and a bright southwest exposure. Additional features include a washer/dryer and year-round zoned temperature control via central heating and cooling system.
citizen-360-10c-kitchen Kitchen
citizen-360-10c-bedroom Bedroom
citizen-360-10c-floorplan Floorplan

6. Halcyon, 305 East 51st Street - #3F

2 beds, 2 baths | $2,475,000 ($1,551 per square foot)

Located in Midtown East

Halcyon has 11 available units priced at an average of $1,749 per square foot

305-east-51-street-3f Compass
At the nexus of Midtown East and Turtle Bay, Halcyon is offloading its final set of elegantly-designed condominiums. Collectively, the units are priced at bargain-basement price of $1,749 per square foot — quite a steal for Midtown Manhattan. The building’s biggest bargain is a two-bed, two-bath unit stretching 1,164 square feet. The corner residence is washed with natural light from the north and east features 10-foot ceiling heights, floor-to-ceiling double-pane windows, 6" wide plank oak flooring throughout and individually controlled heating and cooling.
305-east-51-street-3f Kitchen
305-east-51-street-3f Bedroom
305-east-51-street-3f-floorplan Floorplan

5. 50 Clinton Street - #1B

1 bed, 1.5 baths | $2,650,000 ($1,528 per square foot)

Located in Lower East Side

50 Clinton Street has 5 available units priced at an average of $2,200 per square foot

50-clinton-street-1B Douglas Elliman
The Isaac & Stern-designed 50 Clinton Street resides in the Lower East side and is a comprised of a limited collection of 37 condominium residences. Currently, there are just five units left priced at an average of $2,200 per square foot, which is mostly on par with the Lower East Side neighborhood average. However, the best deal in the building is this Paris Forino-designed one-bed, one and a half bathroom residence spanning $1,734 square feet and priced at $1,528 per square foot. The duplex features solid white oak herringbone wood flooring, two garden terraces, generous ceiling heights, and a thoughtfully-designed kitchen with a full suite of Wolf, Sub-Zero and Bosch appliances.
50-clinton-street-1B-lobby Lobby
50-clinton-street-1B-gym Gym
50-clinton-street-1B-exterior 50 Clinton Exterior

4. 540West, 540 West 49th Street - #201S

2 bed, 2 baths | $1,795,000 ($1,477 per square foot)

Located in Midtown West

540West has 4 available units priced at an average of $1,645 per square foot

540-west-201S Douglas Elliman
540 West 49th Street is an attractive full-service building with a north and south tower connected by a beautiful courtyard. Situated in Midtown West and conveniently close to Lincoln Center, Central Park and Columbus Circle, this new development has just 4 of its condo residences available. One of these residences, unit #201S is priced at $1,477 per square foot - below the neighborhood average of $1,881.

This two bed, two bath apartment measures over 1,200 square feet and boasts top-of-the-line finishes, an ideal open floor plan, central AC and an in-unit washer/dryer. It also has some pretty spectacular views of the 6,000 square foot courtyard below which can be seen through the floor-to-ceiling glass windows.
540-west-201s-living-room Living Area
540west-201s-bedroom Bedroom
540-west-201s-floorplan Floorplan

3. 355 East 19th Street - #TH

3 beds, 2 baths | $3,900,000 ($1,465 per square foot)

Located in Gramercy Park

355 East 19th Street has 3 available units priced at an average of $1,529 per square foot

355-east-19-street-TH Corcoran
This next new development resides in the charming Gramercy Park neighborhood at 355 East 19th Street. The homes are impressively spacious and collectively average $1,529 per square foot. The most budget-friendly of the three available units is surprisingly a duplex residence!

Unit #TH is a massive 2,663 square foot home with three bedrooms and two and a half bathrooms. The unit comes with an exclusive conjoined garden and terrace, garden views, a gas fireplace, and a luxurious five-fixture master bath. Additional features include European oak floors, a central HVAC system, a washer/dryer hook-ip and an expandable Smart Home system.
355-east-19-street-living-room Living Area
355-east-19-street-kitchen Kitchen
355-east-19-street-floorplan Floorplan

2. THREE99, 399 East 8th Street - #2D

2 beds, 1 baths | $1,050,000 ($1,432 per square foot)

Located in the East Village

THREE99 has 5 available units priced at an average of $1,486 per square foot

399-east-8-street-2D Citi Habitats
Number 2 on our list comes from THREE99 at 399 East 8th Street between Avenue C & D in the desirable East Village. While the neighborhood average is $1,851 per square foot, this 2 bed, 1 bath residence is priced well below at $1,432. The unit itself is currently asking for a little over $1M and spans 733 square feet. Future residents will enjoy floor-to-ceiling windows, oak hardwood floors, an in-unit washer/dryer and open kitchens with solid-surface countertops, porcelain tile and Carrara marble backsplashes. The building's best amenity is perhaps its common roof deck complete with lounge-style seating, lush green lawn areas, and of course, skyline views.
399-east-8-street-kitchen Kitchen
399-east-8-street-floorplan Floorplan

1. 389 E. 89, 389 East 89th Street - #5J

Studio, 1 bath | $760,000 ($1,352 per square foot)

Located in Yorkville

389 E.89 has 11 available units priced at an average of $1,617 per square foot

389-east-89-5J Corcoran
Originally developed as rentals in 2002, 389 East 89th Street was recently redesigned by Ismael Leyva and renowned interior designer Paris Forino to house 156 condominium residences. The 33-story tower is located in the Yorkville neighborhood and currently has 11 available units priced at an average of $1,617 per square foot. However, the best deal has got to be this studio, 1 bath home with an asking price of $760K - making it number 1 on our list. The loft studio spans just 532 square feet but features a warm yet modern interior design, high-ceilings, and a bright western exposure. The custom Italian kitchen pairs well with the top-of-the-line Miele appliances, and white marble countertops and backsplash. Dolomite marble floors and walls can be found in the master bathroom along with a custom Italian-made grey oak vanity with a self-lit mirror designed by Paris Forino, a Toto toilet, a deep-soaking tub and polished chrome fixtures by Waterworks.
389-east-89-5J-rooftop Roof Deck
389-east-89-5J-lobby Lobby
389-east-89-floorplan Floorplan
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