TOP SELLING MANHATTAN NEW DEVELOPMENTS

ONE HIGH LINE AND CLAREMONT HALL LEAD IN SALES, AVERAGING OVER 4/MO

As of the end of 2024, Manhattan’s for-sale, new development supply comprised approximately 5,000 sponsor units across 180+ buildings. The Financial District and Midtown had the largest share of sponsor inventory, each with over 700 unsold units. The next three neighborhoods with the largest share of sponsor inventory were the Upper West Side, West Chelsea, and Turtle Bay, each with over 300 unsold units.

The table below details the top 20 projects in Manhattan ranked by 12-months sales velocity. This list only includes projects that were continuously selling over the entire 12-mo period. It does not include newer projects that launched mid-year with strong initial momentum such as 520 Fifth Avenue. In this context, One High Line, Claremont Hall, and 50 W 66th St were the fastest selling projects in Manhattan. Manhattan new development sales accounted for half of all sponsor sales in New York City and a quarter of the projects averaged more than 3 contract sales per month. Prices across these twenty projects ranged from $600,000 to $85 million, highlighting Manhattan new development ‘s diverse, albeit ultra-luxury leaning, offering.

All information is from sources deemed reliable but no guarantee is made as to its accuracy. All material presented herein is intended for informational purposes only and is subject to human errors, omissions, changes or withdrawals without notice.