New York City’s real estate market has had it especially good this year. Luxury apartment sales have been on a high throughout the summer, and with rents continuing their steep rise, more and more New Yorkers are choosing to buy homes for themselves. Instead of looking at already established residences for their new apartments, low inventory levels have spurred people to look at homes in the new buildings opening up in the city. While there has certainly been a shortage of new buildings compared to past years, there are several new developments to watch out for this fall in New York City. Here are our choice picks in the borough of Manhattan.
After their magnificent work on 15 Central Park West, all eyes are now glued on the condo conversion at 18 Gramercy Park South being done by the winning team of developers Arthur and William Lie Zeckendorf and famed architect Robert A. M. Stern. The Gramercy Park neighborhood will soon see this elegant 85-year-old building in a newer, more glamorous avatar with several modern, elite features to that will both delight and awe. The piece de resistance of the building seems to be its luxury penthouse that comes with its own two pools at an expensive (and impressive) price tag of about $42 million.
If the bright and colorful netting on the construction at 345 West 14th Street is any indication, one can expect something out of the ordinary from the building that will soon be unveiled there. This Meatpacking District building has been garnering a lot of eyeballs during the past few months because of its black and yellow netting, a design by the famous Japanese artist Yayoi Kusama. However, home hunters in Manhattan are more lured by the promise of the 37 sustainable residences being constructed in this building. With an array of luxury amenities also in the works, the wait is on for the asking prices of apartments at 345 Meatpacking.
Tribeca has held onto its position as one of the most popular locations to live in Manhattan, and so every new listing in this district always generates a lot of buzz. It may have once been an office tower, but 93 Worth Street is today known for being a condo conversion that is “ready to shake up the market.” With pre-war condos and luxury penthouses, this 13-story building seems the best fit for New Yorkers looking to become part of the famed Tribeca culture and vibe. Prices of the apartments here will range from $1,250 to $2,000 per square foot, and residents of the same will get to also enjoy a slew of amazing amenities.
The Upper East Side is another neighborhood that should figure prominently on the radar of New Yorkers looking for a home in Manhattan. With three new constructions happening in this neighborhood (135 East 79th Street, 200 East 79th Street, 141 East 88th Street), the luxury lifestyle that you are looking for is now within reach in this very elegant and famous neighborhood. Regardless of which neighborhood you choose, make your decisions quick and request for information on the building that has struck your fancy as soon as you can. After all, these are some very exciting pieces of real estate and so, as with anything else, the early bird does get the worm. Good luck!
For more new constructions that are coming up in the city, check out Curbed New York.