--- title: "New Construction & New Developments for Sale in NYC" description: "1,183 new construction and sponsor homes for sale across New York City, in 447 developments. Median asking $1.7M. Buyer Commission Share at closing." url: "https://realestaterebatesnewyork.com/new-developments/newyorkcity" source: "Real Estate Rebate Team" --- Real Estate Rebate Team Licensed Broker NY & NJ · License: 10491211335 NEW DEVELOPMENT ADVISORY # New Construction homes for Sale in NYC **1,183 new-construction and sponsor homes** are for sale across **New York City**, spread across **447 developments**, at a median asking price of **$1.7M** and $1,688 per square foot. **87 new sponsor listings** have come to market in the past 7 days. **16 listings** have had a price cut in the past week. Everything on this page is for sale: privately owned condominiums and sponsor units you can buy. It is not rentals, and it is not the affordable-housing lottery. ## Showing 1,183 new construction and sponsor homes across New York City · Inventory updated 12 September 2026 SORT: NEWEST ### Buyer Advantage Est. ### Buyer Advantage Est. ### Buyer Advantage Est. ### Buyer Advantage Est. ### Buyer Advantage Est. ### Buyer Advantage Est. ### Buyer Advantage Est. ### Buyer Advantage Est. ### Buyer Advantage Est. ### Buyer Advantage Est. ### Buyer Advantage Est. ### Buyer Advantage Est. ### Buyer Advantage Est. ### Buyer Advantage Est. ### Buyer Advantage Est. ### Buyer Advantage Est. ### Buyer Advantage Est. ### Buyer Advantage Est. ## New York City NY Real Estate market snapshot Active listings1,183 Median asking price$1,695,000 Median price per sq ft$1,688 Median size1,142 sq ft Median condo asking$1,825,000 (974) Median co-op asking$780,000 (146) Median townhouse asking$2,245,000 (44) By bedrooms: Studio 69 · 1 bed 343 · 2 bed 398 · 3 bed 207 · 4+ bed 149 Figures reflect active RLS listings at the time this page was built, after removing duplicate feed records. · Updated 12 September 2026 ## New construction by bedroom count Home sizeMedian asking price[Studio (See homes)](https://realestaterebatesnewyork.com/new-developments/newyorkcity/studios-for-sale)$720,000[1 bedroom (See homes)](https://realestaterebatesnewyork.com/new-developments/newyorkcity/1-bedroom-apartments-for-sale)$990,000[2 bedrooms (See homes)](https://realestaterebatesnewyork.com/new-developments/newyorkcity/2-bedroom-apartments-for-sale)$1,699,500[3 bedrooms (See homes)](https://realestaterebatesnewyork.com/new-developments/newyorkcity/3-bedroom-apartments-for-sale)$3,420,000[4 bedrooms (See homes)](https://realestaterebatesnewyork.com/new-developments/newyorkcity/4-bedroom-apartments-for-sale)$8,500,000 Median asking price of current active listings, by bedroom count. ## New developments selling across New York City [### VITA 21 listings for sale](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/vita)[### BROOKLYN TOWER 20 listings for sale](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/brooklyn-tower)[### Waldorf Astoria Residences New York 17 listings for sale](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/waldorf-astoria-residences-new-york)[### The Greenwich By Rafael Viñoly 17 listings for sale](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/the-greenwich-by-rafael-vi-oly)[### 720 West End 17 listings for sale](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/720-west-end)[### 53W53 16 listings for sale](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/53w53)[### 50 WEST 66TH STREET 15 listings for sale](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/50-west-66th-street)[### 1 Wall Street 15 listings for sale](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/1-wall-street) ## What the Buyer Commission Share looks like here On a purchase at the median asking price of **$1,695,000**, an eligible buyer represented by us would receive an estimated **$25,425** Buyer Commission Share at closing, assuming a 3% buyer-broker commission. Actual amounts depend on the listing-side compensation and your buyer agreement. [How the Buyer Commission Share works →](https://realestaterebatesnewyork.com/buyer-advantage) ## What a sponsor sale adds in New York City On a resale you pay your own closing costs. On a sponsor sale the offering plan customarily moves the seller’s transfer taxes and the sponsor’s attorney fee onto you as well. Those terms are negotiable, and on a unit that has been sitting they are often the part of the deal a sponsor will move on before the asking price. Median asking price here$1,695,000 Sponsor's New York State transfer tax$6,780 Sponsor's New York City transfer tax$24,154 Added at closing, before the attorney fee$30,934 Buyer Commission Share, illustrative$25,425 On the median asking price here, the Buyer Commission Share of $25,425 offsets most of the $30,934 of sponsor-side transfer taxes. The attorney fee sits on top of both. Transfer taxes at the published rates: 0.4% New York State, 0.65% at $3M and above, plus 1.425% New York City above $500,000. The sponsor’s attorney fee varies by deal and is not included. The Buyer Commission Share is illustrative, on a 3% buyer-broker commission; the commission on any given purchase is whatever the sponsor offers. [How new development closing costs work](https://realestaterebatesnewyork.com/new-development-closing-costs-nyc) · [Price a specific purchase](https://realestaterebatesnewyork.com/calculators/new-development-closing-cost-calculator) ## Common questions about new construction in New York City ### What are some new developments in New York City? 1,183 new-construction and sponsor residences are listed for sale right now, across 447 buildings. The grid above is the live list, and the buildings section below names the ones currently carrying the most availability. Coverage of New York development tends to lead with towers that are years from completion or are rental buildings; this page is limited to what a buyer can purchase today. ### Are these for sale, or are they rentals and housing lotteries? For sale. Every listing here is a privately owned condominium or a sponsor unit sold under an offering plan filed with the New York State Attorney General. Searching for new developments in New York returns three different things mixed together: buildings you can buy into, new rental towers, and the city's affordable-housing lottery. This page is only the first of those. For the lottery, NYC Housing Connect is the right place to start. For rentals, a rental portal. Neither is listed here. ### Why do new development counts differ so much between sites? Because sites count different things. Some list buildings, some list individual units. Some count only ground-up construction while others include sponsor units in existing buildings. Some publish a curated selection of projects they have chosen to feature rather than everything on the market, which is how a site can show a dozen new developments in a city where hundreds of buildings are selling. This page counts active sales listings on the REBNY feed carrying a new-development or sponsor flag: 1,183 of them, in 447 buildings. ### Where is Billionaires' Row in New York City? Billionaires' Row is the run of supertall towers along West 57th Street and its side streets between Columbus Circle and Park Avenue, including Central Park Tower and 53W53. It is a small share of the city's new-development inventory rather than the center of it: most new construction for sale sits well away from 57th Street, and the citywide median asking price on this page is $1.7M. ### Are New York City real estate prices falling? This page cannot answer that for the whole market, and anyone offering a confident one-word answer is guessing. What it can show is what is happening to the asking prices on it: 16 of these 1,183 listings have had a price cut in the past week, and 87 came to market in the past 7 days. New development is a poor barometer in any case. Sponsors resist visible price cuts, because a recorded discount resets the benchmark for every unit still unsold in the building, so weakness tends to show up as concessions rather than as a lower asking price. ### What is a sponsor unit? A sponsor unit is bought from the developer or the original converter of the building under its offering plan, not from a previous resident. It has never been lived in, or never been sold, so there is no seller's disclosure history, the offering plan is the contract, and in a condo the purchase usually skips board approval. Of the residences on this page, 974 are condominiums and 146 are co-ops. Almost all of the co-ops are sponsor units in older buildings rather than new construction, because a sponsor selling shares in a brand-new corporation would have to hand every buyer a board to satisfy. ### What are the closing costs on a new development in New York City? New-development buyers customarily pay costs a resale buyer does not. The New York State transfer tax of 0.4 percent, rising to 0.65 percent at $3 million and above, and the New York City transfer tax of 1 percent, rising to 1.425 percent above $500,000, are the seller's by statute but passed to the buyer in most offering plans, and the sponsor's attorney fee sits on top. Together the transfer taxes add roughly 1.4 to 2.1 percent of the price. The New York State mansion tax starts at $1 million. Those terms sit in the offering plan and they are negotiable, so ask for them to be assumed before you try to move the price itself. ### Is there a Buyer Commission Share on a new development? Where the sponsor offers a buyer-side commission, we share part of it with you as a Buyer Commission Share, shown on each listing as your Estimated Buyer Savings and applied at closing. Register with us before you tour or contact a sales office. Most sponsors will not recognize a buyer's agent introduced after the first visit, and the share depends on that registration. ## Explore new developments by borough and neighborhood ### New developments by borough - [New developments in Manhattan](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan) - [New developments in Brooklyn](https://realestaterebatesnewyork.com/new-developments/newyorkcity/brooklyn) - [New developments in Queens](https://realestaterebatesnewyork.com/new-developments/newyorkcity/queens) ### New developments by neighborhood - [Financial District new developments](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/financial-district-manhattan) - [Upper West Side new developments](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/upper-west-side-manhattan) - [Williamsburg new developments](https://realestaterebatesnewyork.com/new-developments/newyorkcity/brooklyn/williamsburg-brooklyn) - [Midtown East new developments](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/east-midtown-manhattan) - [Long Island City new developments](https://realestaterebatesnewyork.com/new-developments/newyorkcity/queens/long-island-city-queens) - [Hell's Kitchen new developments](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/hell-s-kitchen-manhattan) Show moreShow less- [Bushwick new developments](https://realestaterebatesnewyork.com/new-developments/newyorkcity/brooklyn/bushwick-brooklyn) - [Midtown new developments](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/midtown-manhattan) - [Downtown Brooklyn new developments](https://realestaterebatesnewyork.com/new-developments/newyorkcity/brooklyn/downtown-brooklyn-brooklyn) - [Chelsea new developments](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/chelsea-manhattan) - [Lincoln Square new developments](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/lincoln-square-manhattan) - [Hudson Yards new developments](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/hudson-yards-manhattan) ### New construction by bedroom count - [Studio new construction apartments](https://realestaterebatesnewyork.com/new-developments/newyorkcity/studios-for-sale) - [1 bedroom new construction apartments](https://realestaterebatesnewyork.com/new-developments/newyorkcity/1-bedroom-apartments-for-sale) - [2 bedroom new construction apartments](https://realestaterebatesnewyork.com/new-developments/newyorkcity/2-bedroom-apartments-for-sale) - [3 bedroom new construction apartments](https://realestaterebatesnewyork.com/new-developments/newyorkcity/3-bedroom-apartments-for-sale) - [4 bedroom new construction apartments](https://realestaterebatesnewyork.com/new-developments/newyorkcity/4-bedroom-apartments-for-sale) ### New development buyer guides & tools - [New development closing costs in NYC](https://realestaterebatesnewyork.com/new-development-closing-costs-nyc) - [New development closing cost calculator](https://realestaterebatesnewyork.com/calculators/new-development-closing-cost-calculator) - [Mansion tax calculator](https://realestaterebatesnewyork.com/calculators/nyc-mansion-tax-calculator) - [Condo vs co-op in NYC](https://realestaterebatesnewyork.com/condo-vs-coop-nyc) - [How the Buyer Commission Share works](https://realestaterebatesnewyork.com/buyer-advantage) Regis Roumila Licensed Real Estate Broker · NY & NJ NY DOS Licence10491211335 MembershipsREBNY & NAR Member ExperienceOver 25 Years of Local Expertise ## Before you walk into a sales office anywhere in New York A sponsor's on-site agent works for the sponsor. Bringing your own broker costs you nothing, because the buyer-side commission is already written into the offering plan, and every eligible purchase earns a Buyer Commission Share: half of the buyer-side commission actually received, credited to you as Savings at Closing. There are 1,183 new-construction and sponsor homes on the market across New York City today, in 447 buildings. Tell me the boroughs you are considering and the budget, and I will tell you which buildings are still carrying unsold inventory, what each sponsor will absorb at closing, and where a resale in the same building works out cheaper all in. [Schedule a Private Consultation](https://realestaterebatesnewyork.com/contact)[Estimate Your Buyer Advantage](https://realestaterebatesnewyork.com/buyer-advantage) Loading map... Chat with us on WhatsApp NEW YORK CITY PROPERTY TYPE PRICE BEDS FilterNEWEST NEW YORK CITYPRICE BEDS Layout [New · 4 hrs agoSponsor Residence·Residential·Park Slope, Brooklyn ### 501 8th Avenue #ONE, Brooklyn, NY 11215 4 Beds · 4 Baths · 2,701 sqft$3,500,000●ActiveEstimated Buyer Advantage$87,500*Courtesy of Douglas Elliman Real Estate](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11215/501-8th-avenue-one-ny-11215)[NewSponsor Residence·Residential·Bedford-Stuyvesant, Brooklyn ### 315 Gates Avenue #1F, Brooklyn, NY 11216 2 Beds · 2 Baths · 1,122 sqft$1,350,000●ActiveEstimated Buyer Advantage$33,750*Courtesy of Compass](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11216/315-gates-avenue-1f-ny-11216)[New Development·Residential·Kips Bay, Manhattan ### 368 3rd Avenue #4C, New York, NY 10016 1 Bed · 1 Bath · 964 sqft$1,650,000●ActiveEstimated Buyer Advantage$41,250*Courtesy of Compass](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10016/368-3rd-avenue-4c-ny-10016)[Sponsor Residence·Residential·Stuyvesant Heights, Brooklyn ### 726 MADISON Street #4R, Brooklyn, NY 11221 2 Beds · 2 Baths · 812 sqft$899,000●ActiveEstimated Buyer Advantage$22,475*Courtesy of Corcoran Group](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11221/726-madison-street-4r-ny-11221)[Sponsor Residence·Residential·Greenwood Heights, Brooklyn ### 179 19th Street #A, Brooklyn, NY 11232 3 Beds · 3 Baths · 2,435 sqft$2,395,000●ActiveEstimated Buyer Advantage$59,875*Courtesy of Compass](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11232/179-19th-street-a-ny-11232)[New · 23 hrs agoSponsor Residence·Residential·Crown Heights, Brooklyn ### 960 Sterling Place #4F, Brooklyn, NY 11213 2 Beds · 1 Bath$825,000●ActiveEstimated Buyer Advantage$20,625*Courtesy of Compass](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11213/960-sterling-place-4f-ny-11213)[Sponsor Residence·Residential·Greenwich Village, Manhattan ### 16 5th Avenue #7, New York, NY 10011 3 Beds · 5 Baths · 3,727 sqft$12,000,000●ActiveEstimated Buyer Advantage$300,000*Courtesy of Corcoran Sunshine Marketing Group](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/16-5th-avenue-7-ny-10011)[Sponsor Residence·Residential·Greenwich Village, Manhattan ### 16 5th Avenue #10, New York, NY 10011 4 Beds · 5 Baths · 3,727 sqft$13,500,000●ActiveEstimated Buyer Advantage$337,500*Courtesy of Corcoran Sunshine Marketing Group](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/16-5th-avenue-10-ny-10011)[New · 1 day agoNew Development·Residential·Midtown, Manhattan ### 18 West 48th Street #16E, New York, NY 10036 1 Bed · 2 Baths · 905 sqft$1,175,000●ActiveEstimated Buyer Advantage$29,375*Courtesy of Douglas Elliman Real Estate](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10036/18-west-48th-street-16e-ny-10036)[New · 1 day agoSponsor Residence·Residential·Stuyvesant Heights, Brooklyn ### 194 BAINBRIDGE Street #506, Brooklyn, NY 11233 1 Bed · 1 Bath · 688 sqft$895,000●ActiveEstimated Buyer Advantage$22,375*Courtesy of Corcoran Group](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11233/194-bainbridge-street-506-ny-11233)[New · 1 day agoSponsor Residence·Residential·Turtle Bay, Manhattan ### 135 East 47th Street #23F, New York, NY 10017 1 Bed · 1 Bath · 700 sqft$1,728,756●ActiveEstimated Buyer Advantage$43,218*Courtesy of Brown Harris Stevens Residential Sales LLC](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10017/135-east-47th-street-23f-ny-10017)[New · 1 day agoSponsor Residence·Residential·DUMBO, Brooklyn ### 30 FRONT Street #PHA, Brooklyn, NY 11201 4 Beds · 4 Baths · 4,266 sqft$15,000,000●ActiveEstimated Buyer Advantage$375,000*Courtesy of Douglas Elliman Real Estate](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11201/30-front-street-pha-ny-11201)[New · 1 day agoSponsor Residence·Residential·Clinton Hill, Brooklyn ### 124 Washington Avenue #1B, Brooklyn, NY 11205 3 Beds · 3 Baths · 2,170 sqft$1,895,000●ActiveEstimated Buyer Advantage$47,375*Courtesy of Compass](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11205/124-washington-avenue-1b-ny-11205)[New · 1 day agoSponsor Residence·Residential·Harlem, Manhattan ### 1330 5th Avenue #3A, New York, NY 10026 2 Beds · 3 Baths · 955 sqft$925,000●ActiveEstimated Buyer Advantage$23,125*Courtesy of Bizzarro Agency LLC](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10026/1330-5th-avenue-3a-ny-10026)[New · 1 day agoSponsor Residence·Residential·Harlem, Manhattan ### 1330 5th Avenue #5D, New York, NY 10026 1 Bed · 1 Bath · 697 sqft$699,000●ActiveEstimated Buyer Advantage$17,475*Courtesy of Bizzarro Agency LLC](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10026/1330-5th-avenue-5d-ny-10026)[New · 1 day agoSponsor Residence·Residential·Midtown East, Manhattan ### 126 East 57th Street #2703, New York, NY 10022 3 Beds · 3 Baths · 1,706 sqft$6,280,000●ActiveEstimated Buyer Advantage$157,000*Courtesy of Nest Seekers LLC](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10022/126-east-57th-street-2703-ny-10022)[New · 1 day agoSponsor Residence·Residential·Clinton Hill, Brooklyn ### 124 Washington Avenue #1A, Brooklyn, NY 11205 1 Bed · 2 Baths · 885 sqft$1,100,000●ActiveEstimated Buyer Advantage$27,500*Courtesy of Compass](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11205/124-washington-avenue-1a-ny-11205)[New · 1 day agoNew Development·Residential·East Village, Manhattan ### 211 East 13th Street #5K, New York, NY 10003 2 Beds · 2 Baths · 1,200 sqft$2,295,000●ActiveEstimated Buyer Advantage$57,375*Courtesy of Corcoran Group](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10003/211-east-13th-street-5k-ny-10003)[New · 1 day agoSponsor Residence·Residential·Sutton Place, Manhattan ### 430 East 58th Street #31A, New York, NY 10022 3 Beds · 4 Baths · 1,850 sqft$4,700,000●ActiveEstimated Buyer Advantage$117,500*Courtesy of Corcoran Sunshine Marketing Group](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10022/430-east-58th-street-31a-ny-10022)[Sponsor Residence·Residential·Lenox Hill, Manhattan ### 525 Park Avenue #5D, New York, NY 10065 2 Beds · 2 Baths · 1,000 sqft$1,850,000●ActiveEstimated Buyer Advantage$46,250*Courtesy of Compass](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10065/525-park-avenue-d-5D-ny-10065)[New · 1 day agoSponsor Residence·Residential·Stuyvesant Heights, Brooklyn ### 194 BAINBRIDGE Street #406, Brooklyn, NY 11233 2 Beds · 2 Baths · 940 sqft$1,195,000●ActiveEstimated Buyer Advantage$29,875*Courtesy of Corcoran Group](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11233/194-bainbridge-street-406-ny-11233)[New · 1 day agoSponsor Residence·Residential·Stuyvesant Heights, Brooklyn ### 194 BAINBRIDGE Street #401, Brooklyn, NY 11233 1 Bed · 1 Bath · 658 sqft$820,000●ActiveEstimated Buyer Advantage$20,500*Courtesy of Corcoran Group](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11233/194-bainbridge-street-401-ny-11233)[New Development·Residential·Bushwick, Brooklyn ### 40 Schaefer Street #1B, Brooklyn, NY 11207 1 Bed · 2 Baths · 936 sqft$750,000●ActiveEstimated Buyer Advantage$18,750*Courtesy of Compass](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11207/40-schaefer-street-1b-ny-11207)[New · 1 day agoNew Development·Residential·Downtown Brooklyn, Brooklyn ### 1 CITY Point #27J, Brooklyn, NY 11201 1 Bed · 1 Bath · 792 sqft$1,395,000●ActiveEstimated Buyer Advantage$34,875*Courtesy of Corcoran Group](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11201/1-city-point-27j-ny-11201) Buyer savings estimates are illustrative only. Actual amounts vary and are subject to transaction terms, lender approval, applicable law and listing-side compensation. RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. 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The grid above is the live list, and the buildings section below names the ones currently carrying the most availability. Coverage of New York development tends to lead with towers that are years from completion or are rental buildings; this page is limited to what a buyer can purchase today."}},{"@type":"Question","name":"Are these for sale, or are they rentals and housing lotteries?","acceptedAnswer":{"@type":"Answer","text":"For sale. Every listing here is a privately owned condominium or a sponsor unit sold under an offering plan filed with the New York State Attorney General. Searching for new developments in New York returns three different things mixed together: buildings you can buy into, new rental towers, and the city's affordable-housing lottery. This page is only the first of those. For the lottery, NYC Housing Connect is the right place to start. For rentals, a rental portal. Neither is listed here."}},{"@type":"Question","name":"Why do new development counts differ so much between sites?","acceptedAnswer":{"@type":"Answer","text":"Because sites count different things. Some list buildings, some list individual units. Some count only ground-up construction while others include sponsor units in existing buildings. Some publish a curated selection of projects they have chosen to feature rather than everything on the market, which is how a site can show a dozen new developments in a city where hundreds of buildings are selling. This page counts active sales listings on the REBNY feed carrying a new-development or sponsor flag: 1,183 of them, in 447 buildings."}},{"@type":"Question","name":"Where is Billionaires' Row in New York City?","acceptedAnswer":{"@type":"Answer","text":"Billionaires' Row is the run of supertall towers along West 57th Street and its side streets between Columbus Circle and Park Avenue, including Central Park Tower and 53W53. It is a small share of the city's new-development inventory rather than the center of it: most new construction for sale sits well away from 57th Street, and the citywide median asking price on this page is $1.7M."}},{"@type":"Question","name":"Are New York City real estate prices falling?","acceptedAnswer":{"@type":"Answer","text":"This page cannot answer that for the whole market, and anyone offering a confident one-word answer is guessing. What it can show is what is happening to the asking prices on it: 16 of these 1,183 listings have had a price cut in the past week, and 87 came to market in the past 7 days. New development is a poor barometer in any case. Sponsors resist visible price cuts, because a recorded discount resets the benchmark for every unit still unsold in the building, so weakness tends to show up as concessions rather than as a lower asking price."}},{"@type":"Question","name":"What is a sponsor unit?","acceptedAnswer":{"@type":"Answer","text":"A sponsor unit is bought from the developer or the original converter of the building under its offering plan, not from a previous resident. It has never been lived in, or never been sold, so there is no seller's disclosure history, the offering plan is the contract, and in a condo the purchase usually skips board approval. Of the residences on this page, 974 are condominiums and 146 are co-ops. Almost all of the co-ops are sponsor units in older buildings rather than new construction, because a sponsor selling shares in a brand-new corporation would have to hand every buyer a board to satisfy."}},{"@type":"Question","name":"What are the closing costs on a new development in New York City?","acceptedAnswer":{"@type":"Answer","text":"New-development buyers customarily pay costs a resale buyer does not. The New York State transfer tax of 0.4 percent, rising to 0.65 percent at $3 million and above, and the New York City transfer tax of 1 percent, rising to 1.425 percent above $500,000, are the seller's by statute but passed to the buyer in most offering plans, and the sponsor's attorney fee sits on top. Together the transfer taxes add roughly 1.4 to 2.1 percent of the price. The New York State mansion tax starts at $1 million. Those terms sit in the offering plan and they are negotiable, so ask for them to be assumed before you try to move the price itself."}},{"@type":"Question","name":"Is there a Buyer Commission Share on a new development?","acceptedAnswer":{"@type":"Answer","text":"Where the sponsor offers a buyer-side commission, we share part of it with you as a Buyer Commission Share, shown on each listing as your Estimated Buyer Savings and applied at closing. Register with us before you tour or contact a sales office. Most sponsors will not recognize a buyer's agent introduced after the first visit, and the share depends on that registration."}}]} {"@context":"https://schema.org","@type":"BreadcrumbList","@id":"https://realestaterebatesnewyork.com/new-developments/newyorkcity#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://realestaterebatesnewyork.com/"},{"@type":"ListItem","position":2,"name":"New Developments","item":"https://realestaterebatesnewyork.com/new-developments"},{"@type":"ListItem","position":3,"name":"New York City","item":"https://realestaterebatesnewyork.com/new-developments/newyorkcity"}]} ```