By KATHERINE DYKSTRA – Call it the perfect storm. The supply of NYC condos for sale is down (48 percent from the peak in 2008). Demand is up (with mortgage rates low and rents high). And consumer confidence has been reinstated. So says Kelly Mack, president of Corcoran Sunshine Marketing Group. Together, these factors have lead to what looks like a very promising fall for new condos.
“It is incredibly active,” Mack says of the new development market. “We’re seeing increased velocity, increased inventory, which is pushing pricing up.”
Buyers’ response to the lucky 13 new condo developments we’re featuring here today — all either just on or about to hit the market — should say a lot. Not to mention they set the stage for the next crop of new buildings, which those in the industry are already anticipating.
“You’re seeing new cranes in the city. The architects are busy again. It’s the first stage of the next wave of new development,” says Jacqueline Urgo, president of The Marketing Directors. “And sites are trading; developers are vying for the same sites. They see the strengthening of the market.”
67 LIBERTY ST.
Amid the skyscrapers in the Financial District comes this boutique building. Private elevator entrances will open up to each of the 14 one- and two-bedroom full-floor and duplex homes. Inside you’ll find gray-stained oak floors and kitchens with white mocha mahogany cabinets and Caesarstone counters. Master bathrooms will have Travertine stone walls, marble floors accented with a limestone border and bronze hardware. Soaking tubs and rainfall showers will round out the package. Units start in the $800,000s. Contact: Jacqueline Urgo, The Marketing Directors, 212-308-6777