On the New Condo Front, Slim Pickings
The Times has an article examining how folks interested in buying new condos don’t have a lot of buildings to choose from, though Brooklyn has a bit more to offer in terms of new development stock than Manhattan. The Brooklyn buildings mentioned in the story that have recently launched sales include 75 Clinton in Brooklyn…
The Times has an article examining how folks interested in buying new condos don’t have a lot of buildings to choose from, though Brooklyn has a bit more to offer in terms of new development stock than Manhattan. The Brooklyn buildings mentioned in the story that have recently launched sales include 75 Clinton in Brooklyn Heights, 144 North 8th Street in Williamsburg and 205 Water Street in Dumbo. What are the consequences of the limited inventory? According to Stephen G. Kliegerman, the president of Halstead Property Development Marketing, rents are likely to go up and not many developers are open to making deals these days: “the developers can say no, because there’s such a lack of product out there.”
New Condos: ‘Survivor’ Edition [NY Times]
all construction is new construction?
Really?
A lot of construction in Brooklyn is rehab of very old buildings.
I don’t think this is an unusual circumstance in NYC. On the contrary, the times when new-construction condominiums are plentiful are few and far between.