Edited by: TJVNews.com
While the present climate for new housing in New York City may be termed as “the crunch” or “the squeeze” the positive news for realtors and potential occupants is that more towers are expected to dot the New York City landscape in the near future.
Speaking to the New York Post, Robin Schneiderman, managing director at Brown Harris Stevens Development Marketing, said that by the end of the year Manhattan will be listing 1108 new condominium units in about one dozen buildings.
The number of new apartment dwellings is expected to significantly increase if one counts the number of condos being built in the other four boroughs of the city.
The Post reported that despite this optimistic real estate prognosis, the number of available apartments in the city is markedly lower than it was prior to the onset of the Covid19 pandemic and even decade-over-decade. For the first time since the pandemic struck fewer than 6,000 apartments are available for occupancy.
“If Manhattan continues its 2021 annual pace of selling 2,000-plus units, there will be less options for new development buyers into 2023 and beyond,” Schneiderman told the Post.
The new residential developments, according to the Post report have much to offer New Yorkers.
If living along Manhattan’s vaunted High Line is something that sounds appealing to you, the Post has reported that the Bjarke Ingels-designed XI towers which saw stalled construction at 76 11th Avenue due to the fact that the developer of the project did not have sufficient assets to continue, is now being constructed. The Post reported that the development (which was taken over by a new owner) has two twisting towers and one of the towers has 87 units while the second tower has 149 apartments. The report also indicated that folks who are willing to plunk down a big chunk of change for the luxury pads might be able to do so as soon as this year.
The Post reported that other buildings will also launch their sales campaigns as soon as this year. The report said that included in the list of buildings are 450 Washington, Related’s relaunch of the former Truffles Tribeca rental building on the West Side Highway. Another building would be the Selene at 100 E. 53rd Street which is also launching their sales drive.The report said that the building is reopening its Michelin-starred eatery Le Jardinier, which should be a selling point for prospective buyers.
In the Midtown West area, near Madison Square Garden, a sales launch is also taking place at 300 West 30th Street. The Post reported that this building has 69 units and the lowest price for a pad there would cost you $950,000.
This is just an appetizer to whet the appetite of potential buyers, according to the Post report.
Other buildings in the New York City area are also launching sales campaigns in 2022 and below you will find a list of them. Besides Manhattan, it appears that its neighbor to the south, also known as Brooklyn, will be home to its tallest building ever.
Dubbed as “Brooklyn Tower”, the Post reported that it will stand 92 stories high and offer 547 apartments. The skyscraper which is designated as a mixed-use building is located at DeKalb Avenue near Flatbush Avenue and is being built on a triangular lot. The developer behind the soon to be tallest building in the County of Kings is JDS.
For those just hankering to call this new building their home, the Post reported that the sales launch began last month and the building will be ready for occupancy this summer.
If you’re not in a position to purchase a pad in the luxury tower, the building is offering 450 rental units, according to the Post report. And you won’t get a bad view of the Big Apple either if you decide to go that route as the rentals start of the 52nd floor, according to the report.
Having first broken ground in 2018, the development was originated by SHoP Architects. The Post reported that they are the same architectural firm that was behind the soaring tower at 11 West 57th Street, which was also a JDS project.
The building which is shaped as a hexagon features high columns, bronze and marble interiors and were designed by the Gachot Studios firm, according to the Post report.
The interiors of the hexagonal building, which feature bronze, marble and soaring columns were designed by firm Gachot Studios.
If amenities interest you will like the idea of a 75 foot outdoor swimming pool which is “surrounded by an immense Guastavino dome, sundecks, hammock lounge, outdoor dining with grills, lounges, a fire pit and outdoor showers, “ according to the Post report.
The most inexpensive unit in the Brooklyn skyscraper is a 438-foot studio that will cost you about $905,000. If more space to stretch out or keep your belongings is your thing, then you might be interested in a 2,432-square-foot, four-bedroom, 4½-bath penthouse. That will set you back approximately $6.1 million smackers.
The Post reported that apartments in the super luxury tower come complete with “11-foot ceilings, black granite countertops, European white oak flooring, Miele appliances, floor-to-ceiling windows, Breccia Capraia marble walls and custom Bianco Dolomite hexagon mosaic floors.”
Speaking to the Post, Michael Stern, founder and CEO of JDS Development, said: “The tower’s design is undeniably the most impressive in the borough. It is the most prominent new arrival to the skyline and our diversified inventory accommodates many different types of buyers.”
(Additional reporting by: Fern Sidman)