Developers find sweet relief in $1M to $3M new development condo market Prices are dropping in Manhattan and rising in Brooklyn
The Pierhouse at 90 Furman Street at Brooklyn Bridge Park and Oosten at 429 Kent Avenue in Williamsburg
Buyers in the third quarter were hungry for new development condominiums priced between $1 million and $3 million, and developers were there to meet them with an influx of new supply.
In Manhattan, 54.7 percent of all contracts signed during the third quarter fell into that middle-market range, up from 51.4 percent at the halfway point of the year, according to Halstead Property Development Marketing’s quarterly new development report.
That shift is impacting median pricing, which fell 15.7 percent in Manhattan t爱上海同城手机版
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