New Condo Development

New Condo in New York City

111 West 57th

A rendering of the very tall 111 West 57th rising over the city. Credit SHoP Architects.

There are more than double the number of new condominium units scheduled for sale in January 2015 than in 2014. This is the most number of new condo available for sale since 2007. This means more options and choices for buyers.

There was a shortage of new condo development after the subprime crisis and buyers are welcoming this new influx of new condo.

Roughly about 6,500 new condo units are expected to open for sales below 96th Street across more than 100 buildings in 2015, as opposed to about 2,500 units in 59 buildings last year, according to the Corcoran Sunshine Marketing Group, which tracks new development. Inventory will be the highest it has been since 2007, when 8,052 new units were listed.

Below is a sampling list of new condos for sale… and there are many more.

Property Address Zip Code
515 High Line 10001
52 Wooster Street 10001
520 West 28th Street 10001
527 West 27th Street 10001
331 East Houston Street 10002
215 East 19th Street 10003
111 Murray Street 10007
12 Warren Street 10007
30 Warren Street 10007
100 Barclay Street 10007
212 Fifth Avenue 10010
514 West 24th Street 10011
559 West 23rd Street 10011
505 West 19th Street 10011
34 Prince Street 10012
325 West Broadway 10013
55 West 17th Street 10013
11 Beach Street 10013
160 Madison Avenue 10016
335 East 27th Street 10016
16 West 40th Street 10018
111 West 57th Street 10019
117 West 57th Street 10019
318 West 52nd Street 10019
53rd and 8th 10019
100 East 53rd Street 10022
118 East 59th Street 10022
330 East 56th Street 10022
432 Park Avenue 10022
221 West 77th Street 10024
393 West End Avenue 10024
151 Maiden Lane 10038
180 East 88th Street 10128
360 East 89th Street 10128

100 Barclay

A rendering of 100 Barclay, built in 1927 and most recently the Verizon Building. Credit Williams New York.

Some notable condo buildings are:

  • 111 West 57th Street, at approximately 1,400 feet tall.
  • 53 West 53 a tower near the Museum of Modern Art measuring roughly 1,050 feet tall.,
  • 220 Central Park South, 950 foot building designed by Robert A. M. Stern Architects
  • 520 Park Avenue, a 54-story limestone-clad condominium, developed by Zeckendorf Development with Park Sixty and Global Holdings, has already grabbed headlines for its 31 residences, ranging in price from $16.2 million for the least expensive full-floor apartment to $130 million for the triplex penthouse.

520 Park Avenue

A rendering of 520 Park Avenue, where apartments will range from $16.2 million for the least expensive full-floor apartment to $130 million for the triplex penthouse. Credit Zeckendorf Development LLC and Seventh Art.

53W53

A rendering of 53W53, convenient to MoMA. Credit Ateliers Jean Nouvel.

Ms. Kennedy Mack of Corcoran Sunshine says that apartments at the very top make up less than 10 percent of new development in 2015, with about 500 “ultra luxury” units priced at $5,000 a square foot or more expected to come to market.

515 Highline

A depiction of 515 Highline, a 12-unit condo on West 29th Street. Credit SCDA Architects.

Along the High Line in West Chelsea, is the 37-unit condominium at 520 West 28th Street. The developer is the Related Companies.

And 515 Highline, a 12-unit condo with a wavy facade facing the park at 515 West 29th Street, is the second project in New York by Soo K. Chan, an architect and developer from Singapore. The condo, developed by the Bauhouse Group, will open sales this month with prices from $5 million to $25 million. “There will definitely be an increased level of construction quality,” said Roy Kim, who heads new development at Urban Compass. Buyers, he said, will not just have more choices, “but really well-designed quality projects to choose from. The ante has been upped.”

Ceruzzi Hopes To Begin Construction At 520 Fifth Avenue Next Spring

520 5th avenue

Old rendering for 520 5th avenue, image by Thor Equities.

Developer Louis Ceruzzi has already begun demolition work at his property at 520 Fifth Avenue. We now know that construction will begin next spring (2016) on the 71-story Handel Architects-designed tower, courtesy of an interview Ceruzzi gave to the Commercial Observer.

520 Fifth Avenue, which is being co-developed by Shanghai Municipal Investments USA, was to have a hotel as part of the mixed use tower, but will instead have pied-à-terre apartments.

111 Murray Street

111 Murray Street, in Tribeca, New York City.

inside the building 111 Murray Street

Rendering inside the building 111 Murray Street

111 Murray Street, a 792-foot-tall condo tower rising in Tribeca, has 66 stories, 139 units and will be completed in 2018. The Prices will start at $2 million for a one-bedroom and $17.5 million for a five-bedroom, but the two-full floor penthouses will likely be well above that.

There will be a 20,000-square-foot amenity space on two lower floors, and it will include a tearoom and “jewel box patisserie with daily offerings,” as well as a private dining room that looks out over a private garden with a 15-foot waterfall and reflecting pool. There will also be a Turkish bath with heated sculpted marble beds, and a fitness center with a 75-foot lap pool.

Please contact me to find out more about this one of a kind, ultra luxurious condo building.

There are more new condo buildings address listed below. This list is dynamic and changes constantly. For more information, please email me at Rosalindyu8888@aol.com