New Development Projects With Most Sales Volume In 2021

2021 New Development Sales
2021 New Development Sales By List Price

In 2021 the new development projects with the most contract sales volume by list price were Central Park Tower, 200 East 83rd Street, 200 Amsterdam Avenue, Lantern House, and 109 East 79th Street. [The Real Deal]

In New York City New Development Contracts Increase 109% In August 2021 Vs. 2020

The Lantern House
The Lantern House

421 new development contracts were signed across New York City in August 2021 an increase of 109% from 2020 and 88% from 2019. There was also a 16% gain in new development contracts from July 2021 as the market momentum continued. The most active projects in Manhattan were: the Lantern House in West Chelsea designed by Thomas Heatherwick; and 130 William in the Financial District designed by David Adjaye. [The Real Deal]

130 William
130 William

Manhattan Penthouse Sales Surge In 2021

30 Park Place Penthouse, double height loggia
30 Park Place Penthouse, double height loggia

“In Manhattan, penthouse contracts signed from Jan. 1 to May 31 of this year were the most on record since 2007,” the inception of the research data, reports Mansion Global . “A total of 222 penthouses went into contract in the first five months of the year, a 35% increase from the same period in 2019…

One of the highest-priced penthouse contracts so far this year is Penthouse 88A at 15 Hudson Yards on Manhattan’s far West Side, which went into contract asking $29.5 million earlier this month. 

Other notable penthouse transactions include a pair at the Four Seasons Private Residences at 30 Park Place in Tribeca, one went into contract in April and closed on May 26 for $18.5 million, and the other found a buyer with an asking price of $25 million on April 28. 

Also, a pair of penthouses at Lantern House in Chelsea, designed by Thomas Heatherwick, priced at $18.947 million and $16.975 million, went into contract in February and June, respectively.

Currently, the most expensive penthouse available for sale in Manhattan is the pinnacle penthouse at The Woolworth Tower Residences, listed for $79 million in March.”

Woolworth Tower, 2 Park Place, Pinnacle Penthouse
Woolworth Tower, Pinnacle Penthouse