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New Development Report
*Available inventory includes all units currently on the market as well as those not yet released.
Second Quarter
BROOKLYNMANHATTAN
AVERAGE PRICE PER SQ. FT. CLOSED
$1,216AVERAGE PRICE PER SQ. FT. CLOSED
$2,239
AVAILABLE INVENTORY (UNITS)*
864AVAILABLE INVENTORY (UNITS)*
4,409
AVERAGE PRICE PER SQ. FT. CONTRACT SIGNED
AVERAGE PRICE PER SQ. FT. ACTIVE
$1,369
$1,356
$2,129
$2,547
AVERAGE PRICE PER SQ. FT. CONTRACT SIGNED
AVERAGE PRICE PER SQ. FT. ACTIVE
9% QoQ 14% QoQ
2016
MANHATTAN BROOKLYN
Summary Points
37.3% of all Active new development listings in Manhattan are priced
above $5M, down from 42.6% in Q1 2016, and well below a high of 52% in Q1 2015. 15.4% of Active listings are priced above $10M, down from 19.3% in Q1 2016. This downward trend reflects both repricing of unsold super luxury units as well as an influx of new inventory priced below $3M.
Harlem saw the largest quarter-over-quarter increase
in Average Price per Sq. Ft. In Manhattan at over 39%, rising to $1,373 PSF, due primarily to 285 West 110th Street. Midtown East experienced the second largest quarter-over-quarter increase, rising 6% from Q1 2016 to $2,140 PSF in Q2 2016. (Closed and Contract Signed).
In Manhattan, Average Price per Sq. Ft. for new development units entering contract remained flat for the fourth consecutive quarter at $2,127 PSF, an increase of 0.6% from Q1 2016, and a decrease of 9.5% year-over-year
from $2,351 PSF in Q2 2015. This trend is evidence of increased deal volume at mid-market price points coming off of a record breaking year for pricing in 2015. In Brooklyn, new development entering into contract averaged $1,369 PSF, up 3.4% from Q1 2016, and up 3.7% year-over-year from $1,319 in Q2 2015 indicating ongoing pricing strength in prime neighborhoods.
Both Manhattan and Brooklyn saw sharp increases in the percentage of new development deals signed at mid-market price points in Q2 2016. In Manhattan,
signed deals priced between $1M and $3M accounted for 51.3% of all deals signed in Q2 2016, up from 43.1% in Q1 2016. In Brooklyn, signed deals priced between $1M and $3M totaled 59.2% of all signed deals in the quarter, up from 47.1% in Q1 2016.
• The price point experiencing the most transaction volume in both Manhattan and Brooklyn was the $1M - $2M range. 118 units entered contract (30.2% of all signed deals) in Manhattan, and 33 units sold in Brooklyn (40.7% pf all signed deals). This represents a 28% year-over-
year increase in Manhattan from Q2 2015, while Brooklyn deal volume at this price rage remained essentially flat year-over-year.
HPDM | HPDMNY.COM | 2016 Second Quarter Report | 2
MEDIAN PRICE PER SQ. FT.
Active $2,146 $1,382
Contract Signed $1,946 $1,347
Closed $2,067 $1,209
AVERAGE PRICE PER SQ. FT.
Active $2,547 $1,356
Contract Signed $2,129 $1,369
Closed $2,239 $1,216
MEDIAN PRICE
Active $3,500,000 $1,710,000
Contract Signed $2,549,750 $1,665,000
Closed $3,095,564 $1,175,000
AVERAGE PRICE
Active $6,297,087 $2,110,906
Contract Signed $4,027,084 $2,136,206
Closed $4,607,135 $1,433,868
TOTAL INVENTORY (UNITS)
Total 9,825 1,834
Units Available 4,409 864
% Closed or Contract Signed
55.1% 52.9%
37.3% 39%
$2,127 PSF
$1M-$3M
118Units
HPDM | HPDMNY.COM | 2016 Second Quarter Report | 3
Introduction METHODOLOGY:
§ All data is provided by proprietary
Halstead Property Development
Marketing research.
§ This report tracks new development
projects only, defined as those new
to the market and currently selling
sponsor units. Buildings that have
fully sold out of sponsor units are not
included, even though they may have
recently been built. Resale data is not
included in this report.
§ All listings were compiled as of
6/20/16.
§§ Total§Inventory is defined all units
within new development projects that
are currently listed as Active, Contract
Signed, or Closed, as well as those
units not yet released to the market.
Available§Units is defined as new
development units that are currently
listed as Active as well as those not
yet released to the market. These
numbers include units released prior
to 2016, provided they are in a project
that has not sold out all sponsor units.
By including currently unreleased
units that are not yet listed as Active
this data provides a unique and
comprehensive analysis of the current
new development market.
TABLE OF CONTENTS
MARKET OVERVIEW ... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5
MARKET OVERVIEW BY QUARTER ... . . . . . . . . . . . . 6
MANHATTAN NEIGHBORHOOD INSIGHT ... . . . .7
ANALYSIS BY UNIT TYPE ... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8
PRICE POINT ANALYSIS ... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
TOTAL INVENTORY ... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .11
FURTHER INSIGHT ... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
HPDM is pleased to present our New
Development Report for Q2 2016.
This report focuses exclusively on the
NYC new development condominium
market, and aims to be the only report
of its kind presenting a comprehensive
picture of new development activity.
New development is unique from
the overall real estate market in that
closings often do not occur for 12 to
18 months after a buyer enters into
contract. Therefore, to fully understand
this market it is critical to track active
listings, listings in contract, closed
listings, as well as total inventory. This
report analyzes Q2 2016 as a whole
and is also a snapshot of current new
development market conditions.
In Manhattan, pricing for new
development units entering into
contract in Q2 2016 remained
essentially flat for the second
consecutive quarter at $2,127 PSF, an
increase of 0.6% from Q1 2016. Avg.
PPSF for closed new development
units rose 3.7% to $2,239 quarter-over-
quarter, due largely to delivery of units
at 432 Park Avenue and 150 Charles
Street. In Brooklyn, new development
entering into contract averaged $1,369
PSF, up 3.4% from Q1 2016. Closed
new development deals in Brooklyn
decreased to an average of $1,216 PSF,
down 3.8% from Q1 2016, a number
that fluctuates primarily due to the
timing of occupancy, as in-contract
units often do not close for 12 – 18
months.
THE HENDRIK 509 PACIFIC STREET, BOERUM HILL
www.thehendrik.com
HPDM Q2 2016 Sales• 89 UNITS SOLD IN 12 PROJECTS
TOTALING $136,085,600 IN SALES
• HPDM EXCLUSIVE PROJECTS ACCOUNTED FOR 38% OF ALL NEW DEVELOPMENT CONTRACTS SIGNED IN BROOKLYN IN Q2 2016
HPDM | HPDMNY.COM | 2016 Second Quarter Report | 5
Market OverviewDowntown continued to see the most development activity in Manhattan in Q2 2016 with over 524 units either entering into
contract or closing. Next to Billionaire’s Row, Midtown East shows the highest Avg. Active Price per Sq. Ft. at $2,674, with
Downtown only slightly lower at $2,671 per Sq. Ft. The highest Avg. Price per Sq. Ft. for Contract Signed deals occurred in
Midtown East, averaging $2,395 PSF in Q2 2016, up 14.3% from Q1 2016, due largely to 50 United Nation Plaza and 252 East
57th Street. Brooklyn saw Contract Signed pricing rise 3.4% quarter-over-quarter to an average of $1,369 PSF in Q2 2016.
GROUND-UP VS. CONVERSIONS — AVG. PRICE PER SQ. FT.
ACTIVE, CONTRACT SIGNED, CLOSED — AVG. PRICE PER SQ. FT.
*Billionaire's Row comprised of: 157 W 57th, 20 W 53rd, 432 Park Ave, 21 E 61st, 22 CPS, 53 W 53rd*Brooklyn neighborhoods tracked: Bedford Stuyvesant, Boerum Hill, Brooklyn Heights, Bushwick, Carroll Gardens, Clinton Hill, Crown Heights, Downtown Brooklyn, DUMBO, Greenpoint, Park Slope, Prospect Heights, Redhook, Williamsburg
NUMBER OF UNITS
GROUND UP CONVERSIONS NUMBER OF UNITS
$1,
39
7
$2,3
05
$2,7
60
$2
,12
1
$5
,10
9
$2,14
0
$2,2
64
$9
04
$1,
953
$1,
715
$1,
87
2
$2,3
16
$1,
428
$1,
311 100
200
300
400
500
600
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
Harlem UWS UES MIDTOWN WEST BILLIONAIRE'S ROW MIDTOWN EAST DOWNTOWN BROOKLYN**
Ground Up vs. Conversions - Avg. Price per Sq. Ft.
40
53
106
86
20
57
524
118
ACTIVE CONTRACT SIGNED CLOSED
$2,3
30
$2,1
19
$6
,26
2
$2,5
04
$2,8
79
$1,
96
3
$2,8
86
$1,
75
0
$3
,911
$2,1
43
$2,4
22
$1,
726
$1,
924
$1,
619
$4
,98
2
$1,
90
8
$2,0
17
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
$2,2
26$
1,50
0
$1,4
04
$9
86
$2,2
02
$2,19
3
$1,9
76
$2,18
9
$1,7
67
$2,0
45
$1,9
95
$1,8
73
$1,9
48
$5,11
8
$6
,585
$4
,582
$2,6
74
$2,3
95
$1,9
67
$2,6
71
$2,2
86
$2,2
79 $
1,3
56
$1,3
69
$1,2
16
HARLEM UWS UES MIDTOWN WEST BILLIONAIRE'S ROW*
MIDTOWN EAST DOWNTOWN BROOKLYN**
HPDM | HPDMNY.COM | 2016 Second Quarter Report | 6
Market Overview by Quarter
CONTRACT SIGNED, CLOSED — AVG. PRICE PER SQ. FT.
*Billionaire's Row comprised of: 157 W 57th, 20 W 53rd, 432 Park Ave, 21 E 61st, 22 CPS, 53 W 53rd** Brooklyn neighborhoods tracked: Bedford Stuyvesant, Boerum Hill, Brooklyn Heights, Bushwick, Carroll Gardens, Clinton Hill, Crown Heights, Downtown Brooklyn, DUMBO, Greenpoint,
Park Slope, Prospect Heights, Redhook, Williamsburg.
$2,5
48
$2,3
25
$1,
24
5
$8
49
$2,2
12
$2,1
58
$1,
76
9
$4
,98
1
$2,1
06
$2,3
82
$1,
314
$9
94
$1,
89
8
$1,
99
3
$1,
67
4
$4
,84
8
$1,
97
5
$2,2
18
$1,
29
1
$1,
112 $
1,7
45
$2,1
53
$1,
66
9
$5
,40
3
$1,
97
7
$2,3
43
$1,
26
5
$9
86
$2,0
22
$1,
778
$1,
96
4
$4
,35
4
$2,0
18
$2,3
13
$1,
30
8
$0
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
Harlem UWS UES Midtown West Billionaire's Row Midtown East Downtown Brooklyn
Contract Signed and Closed - Avg. Price per Sq. Ft. - QoQ Q2 2015 Q3 2015 Q4 2015 Q1 2016
Q3 2015 Q4 2015 Q1 2016 Q2 2016
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
HARLEM UWS UES MIDTOWN WEST BILLIONAIRE'S ROW*
MIDTOWN EAST DOWNTOWN BROOKLYN**
$9
94
$1,
99
3
$1,
674
$4
,84
8
$1,
975
$2,2
18
$1,
29
1
$1,
112
$2,1
53
$1,
66
9
$5
,40
3
$1,
977
$2,3
43
$1,
26
5
$9
86
$1,
778
$1,
96
4
$4
,35
4
$2,0
18
$2,3
13
$1,
30
8
$1,
373
$1,
922
$1,
910
$5
,10
9
$2,1
40
$2,2
81
$1,
322
$1,
89
8
$1,
74
5
$2,0
22
$2,1
40
The graph below depicts pricing for Contract Signed and Closed units by
quarter. Harlem saw the largest quarter-over-quarter increase in Average
PPSF at over 39%, rising to $1,373 PSF, due primarily to 285 West 110th Street.
Midtown East experienced the second largest quarter-over-quarter increase,
rising 6% from Q1 2016 to $2,140 PSF in Q2 2016.
HPDM | HPDMNY.COM | 2016 Second Quarter Report | 7
Outside of Billionaire’s Row, the highest average Contract Signed pricing in
Manhattan was achieved in the West Village at $3,295 PSF and West Chelsea at
$3,220 for Q2 2016. The highest average Closed pricing outside of Billionaire’s
Row occurred in the West Village at $3,085 PSF followed by Greenwich Village
at $2,550 PSF.
*Billionaire's Row comprised of: 157 W 57th, 20 W 53rd, 432 Park Ave, 21 E 61st, 22 CPS, 53 W 53rd
Manhattan Neighborhood Insight
UPTOWN AND MIDTOWN
MANHATTAN — GROUND-UP VS. CONVERSIONS - AVG. PRICE PER SQ.FT.
DOWNTOWN
MANHATTAN — ACTIVE, CONTRACT SIGNED, CLOSED — AVG. PRICE PER SQ. FT.
Harlem UWS UES MidtownWest
MidtownEast
Chelsea WestChelsea
Hell’sKitchen
GramercyPark
Billionaire’sRow*
ACTIVE CONTRACT SIGNED CLOSED
$2,000
$1,000
$3,000
$4,000
$6,000
$7,000
$5,000
$15
00
$2,2
02
$2,19
3
$1,
976
$2,18
9
$1,76
7
$2,0
45
$2,6
35
$2,4
38
$2,19
8
$5
,118 $
6,5
85
$4
,58
2
$2,6
74
$2,3
95
$1,
96
7
$2,3
93
$2,3
66
$2,0
59 $3
,26
8
$3
,220
$2,2
74
$1,
84
9
$1,
672
$1,721
$1,
53
3
$1,7
15$9
86
$1,
40
4
Flatiron GreenwichVillage
SoHo NoHo LES FinancialDistrict
TriBeCa WestVillage
EastVillage
ACTIVE CONTRACT SIGNED CLOSED
$2,000
$1,000
$3,000
$4,000
$6,000
$7,000
$5,000
$3
,34
6
$2,7
88
$2,5
50
$2,5
03
$2,17
1
$2,4
19 $3
,46
5
$2,6
60
$2,5
43 $3
,727
$3
,29
5
$3
,08
5
$1,
574
$1,
929
$1,
85
6
$1,
518
$2,0
05
$2,4
16
$2,2
17
$2,0
18
$3
,48
4
$2,8
97
$2,116
$2,4
95
$2,4
63
HPDM | HPDMNY.COM | 2016 Second Quarter Report | 8
Analysis by Unit TypeMANHATTAN AND BROOKLYN
MANHATTAN — MEDIAN PRICE PER UNIT TYPE
BROOKLYN — MEDIAN PRICE PER UNIT TYPE
MANHATTAN — TOTAL UNITS BY BEDROOM
BROOKLYN — TOTAL UNITS BY BEDROOM
$4M
$2M
$6M
$8M
$10M
$12M
$14M
$16M
$18M
46
517
662
467225
80
5 BED4 BED3 BED2 BED1 BEDSTUDIO
500
400
300
200
100
600
700
NUMBER OF UNITS
ACTIVE CONTRACT SIGNED CLOSED TOTAL NUMBER OF UNITS
$74
9K
$1.
0M
$1.
14M
$1.
41M
$1.
33
M
$1.
35
M
$3
.03
M
$2.6
6M
$2.7
5M
$5
.37M
$5
.15
M
$5
.95
M $8
.96
M
$7.6
3M
$9
.0M
$17
.03
M
$14
.38
M
$12
.4M
4 BED3 BED2 BED1 BEDSTUDIO
NUMBER OF UNITS
ACTIVE CONTRACT SIGNED CLOSED TOTAL NUMBER OF UNITS
$5
51K
$8
99
K
$1.
56
M
$2.4
7M
$3
.81M
$5
90
K
$8
77K
$1.
50
M $2.7
5M
$3
.53
M
$74
2K
$6
25
K
$1.
32M
$2.4
4M
&'"
0
20
40
60
80
100
120
$1M
$2M
$3M
$4M
$5M
$6M
14
84 112
86
43
$5
.25
M
5 BED4 BED3 BED2 BED1 BEDSTUDIO
22
20
ACTIVE CONTRACT SIGNED CLOSED
25
1
34
7
278
156
129 14
6
73 27
12
137
169
116
4250
100
150
200
250
300
350
400
7 17 48
0
4 BED3 BED2 BED1 BEDSTUDIO
66
ACTIVE CONTRACT SIGNED CLOSED
55
70
58
29
3 16
29
19
1313 13
91 1
80
70
60
50
40
30
20
10
10
In Q2 2016 two bedroom units experienced the most deal volume by unit type in Manhattan, with approximately 315 two
bedroom units entering into contract or closing in Manhattan. Similarly, in Brooklyn two bedroom units saw the most deal
volume by unit type in Q2 2016 with 42 units entering into contract or closing. Median Contract Signed pricing for two
bedrooms in Manhattan declined 7.9% quarter-over-quarter to $2.66M, which also represents a 1.5% decrease year-over-year
from Q2 2015. In Brooklyn, median Contract Signed pricing for two bedrooms rose 2% quarter-over-quarter to $1.5M. In
Manhattan, two bedrooms have the most Active listings at nearly 350, while two bedrooms also comprise the most Active
listings in Brooklyn with 70.
HPDM | HPDMNY.COM | 2016 Second Quarter Report | 9
Price Point Analysis MANHATTAN AND BROOKLYN
$0-1M$1M-2M$2M-3M$3M-4M$4M-5M$5M+
37.3
%
6.9
%
11.5
% 8.2
%
14.2
%%
22.0
%
$0-1M$1M-2M$2M-3M$3M-4M$4M-5M$5M+
28
.4%
30
.7%
20
.3%
9.3
%
4.4
%
6.2
%
$0-1M$1M-2M$2M-3M$3M-4M$4M-5M$5M+
30
.2%
21.
1%
6.9
%
20
.3%
11.7
%
9.9
%
26
.4%
$0-1M$1M-2M$2M-3M$3M-4M$4M-5M$5M+
19.8
%
40
.7%
18.5
%
8.6
%
7.4
%
4.9
%
$0-1M$1M-2M$2M-3M$3M-4M$4M-5M$5M+
7.3
% 14
.9%
14.9
%
8.7
%
26
.6%
27.6
%
2.7
%
0.0
%
5.4
%
13.5
%
$0-1M$1M-2M$2M-3M$3M-4M$4M-5M$5M+
45
.9%
32.4
%
37.3% of all Active new development listings in Manhattan are priced above $5M,
down from 42.6% in Q1 2016, and well below a high of 52% in Q1 2015. 15.4% of
Active listings remain priced above $10M, down from 19.3% in Q1 2016.
Q2 2016 PRICE POINT MANHATTAN — ACTIVE
Q2 2016 PRICE POINT BROOKLYN — ACTIVE
MANHATTAN — CONTRACT SIGNED
BROOKLYN — CONTRACT SIGNED BROOKLYN — CLOSED
MANHATTAN — CLOSED
Both Manhattan and Brooklyn saw a sharp increase in percentage of deals signed
at lower price points. In Manhattan the total percentage of new development
deals entering contract from $1M to $3M rose to 51.3% in Q2 2016 from 43.1% in
Q4 2015. In Brooklyn the total percentage of new development deals entering
contract from $1M to $3M rose to 59.2% in Q2 2016 from 47.1% in Q1 2016.
HPDM | HPDMNY.COM | 2016 Second Quarter Report | 10
318 W 47 318 W 47, HELL’S KITCHEN
www.318w47.com
HPDM | HPDMNY.COM | 2016 Second Quarter Report | 11
Total Inventory MANHATTAN AND BROOKLYN
The largest amount of total inventory in Manhattan is concentrated in the Financial
District, followed closely by the Upper West Side and the Upper East Side. In
Brooklyn the highest total inventory is found in Williamsburg, Prospect Heights, and
Boerum Hill. The graphs below present total inventory by neighborhood along with
the corresponding percentage of units sold.
MANHATTAN TOTAL INVENTORY
BROOKLYN TOTAL INVENTORY
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
FINANCIALDISTRICT
LESWEST EASTVILLAGE VILLAGE
TRIBECANOHOSOHOGREEN.VILLAGE
FLATIRONGRAM.PARK
HELL'SKITCHEN
WESTCHELSEA
CHELSEAMIDTOWNEAST
BN.ROW*
MIDTOWNWEST
UESUWSHARLEM
59%
37%
45%
72%
84%
23%
41% 52%
87%
52%
675
11
45
4
1312
148 18
8
543
84220
23
8
412
162
PERCENTAGE SOLD
79% 39%
54%48%
68%
57%
43%
57%
32%
TOTAL UNITS PERCENT SOLD
125
7
119
6
103
5
114
195
23
5
86
8
200
400
600
800
1000
1200
1400
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
PROSPECTHEIGHTS
GREENPOINTDUMBODOWNTOWNBROOKLYN
BOERUM HILLCROWN HEIGHTS
CLINTON HILLCARROLL GARDENS
BROOKLYNHEIGHTS
78%64%
43%
100%
20
7
18 14
33
9
188
144
3632
19
121
PERCENTAGE SOLD
PARK SLOPE
15%
98
WILLIAMSBURG
47% 44
4
92%88%
15%58%
59%
TOTAL UNITS
50
150
100
200
300
250
400
350
450
500
Total Inventory is defined as all new development units, both currently listed as either
Active, Contract Signed, or Closed, as well as those units not yet released to the
market. Available Units is defined as new development units that are either currently
listed as Active or those not yet released to the market. These numbers include units
released prior to 2016, provided they are in a project that has not sold out all sponsor
units. This data provides a comprehensive look at new development inventory by
including unreleased units.
*Billionaire's Row comprised of: 157 W 57th, 20 W 53rd, 432 Park Ave, 21 E 61st, 22 CPS, 53 W 53rd
HPDM | HPDMNY.COM | 2016 Second Quarter Report | 12
Further Insight
Downtown Manhattan continues to experience the most new development
activity by volume in Q2 2016, followed by Brooklyn and the Upper East Side.
Most notably, closed deal volume increased in Downtown Manhattan by 38%
quarter-over-quarter, rising from 242 units in Q1 2016 to 333 units in Q2 2016.
Deal volume for signed contracts in Downtown Manhattan also increased sharply,
rising from 114 units in the previous quarter to 191 units in Q2 2016, a 68% increase.
Studio and one bedroom units in Brooklyn are becoming more efficiently sized, widening
the square footage gap between Manhattan and Brooklyn in those unit types. Currently,
median sizing for new development studios in Brooklyn is 446 sq. ft., while in Manhattan
the median size is 600 sq. ft. Median size for one bedroom units in Brooklyn is 657 sq.ft.,
while the median for one bedroom units in Manhattan is 791 sq. ft.
NEW DEVELOPMENT LISTINGS BY NEIGHBORHOOD MEDIAN SIZE (SQ. FT.) BY UNIT TYPE
BKLYN**UPPERMANHATTAN
DOWNTOWNBNROW*
MIDTOWNWEST
MIDTOWNEAST
UWSUES
ACTIVE CONTRACT SIGNED CLOSED
166
80 91
81
63
54
9
77
225
47
41
23 34 44
42
5
191
43
81
59
12 15
33
3
9
37 100
200
300
400
500
600
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
5 BR4 BR3 BR2 BR1 BRSTUDIO
MANHATTAN BROOKLYN
60
0
79
1
2,2
45
44
6
65
7
1,73
7
1,4
18
1,10
3
3,1
81
4,5
21
2,8
59
2,5
80
*Billionaire's Row comprised of: 157 W 57th, 20 W 53rd, 432 Park Ave, 21 E 61st, 22 CPS** Brooklyn neighborhoods tracked: Bedford Stuyvesant, Boerum Hill, Brooklyn Heights, Bushwick, Carroll Gardens, Clinton Hill, Crown Heights, Downtown Brooklyn, DUMBO, Greenpoint,
Park Slope, Prospect Heights, Redhook, Williamsburg.
MANHATTAN AND BROOKLYN
Contact
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HPDMNY.com
212 521 5757
COMING THIS QUARTER
19 Park Place
TriBeCa
www.19pptribeca.com
610 Warren
Boerum Hill
www.610Warren.com
Prepared by Matthew Petrallia, Director of Market Research and AnalyticsThe information presented here has been gathered from resources deemed reliable and refined by HPDM internal research, though it may be subject to errors, omissions, changes or withdrawal without notice. This information may not be copied, commercially used or distributed without HPDM’s prior consent.
For questions or comments regarding this report please contact [email protected]