November Brings Consistency to NYC New Development Sales
Brooklyn was the only boro to see a drop in activity last week, but also had the most substantial increase in average asking price – up 37%. The average price per square foot also rose 15% to $1,440.
Among the 18 developments in Brooklyn that reported sales, Extell’s mega-tower Brooklyn Point had the largest share with three new deals.
It was also a good week for 98 Front in Dumbo, which found buyers for a two-bedroom that was asking $1.7 million and a $3 million three-bedroom penthouse.full article >