--- title: "NYC New Construction Condos for Sale" description: "965 new construction and sponsor condos for sale across Manhattan, Brooklyn and Queens. Median asking $1.8M, $1,720 per square foot." url: "https://realestaterebatesnewyork.com/new-developments/newyorkcity/condos-for-sale" source: "Real Estate Rebate Team" --- Real Estate Rebate Team Licensed Broker NY & NJ · License: 10491211335 NEW YORK CITY · NEW DEVELOPMENT CONDOS # NYC New Construction Condos for Sale **965 new construction and sponsor condos** are for sale across **Manhattan, Brooklyn and Queens**, in **295 developments**, at a median asking price of **$1.8M** and $1,720 per square foot. Buying from a sponsor is a different transaction from buying a resale: the offering plan sets the terms rather than custom, the closing costs are larger and mostly negotiable, and who represents you is settled on your first visit to the sales office rather than when you sign anything. ## Showing 965 new construction condos for sale in 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. ## What New York City new construction is asking Active listings965 Median asking price$1,800,000 Median price per sq ft$1,720 Median size1,127 sq ft By bedrooms: Studio 45 · 1 bed 280 · 2 bed 329 · 3 bed 185 · 4+ bed 113 Figures reflect active RLS listings at the time this page was built, after removing duplicate feed records. · Updated 12 September 2026 ## Developments with the most condos for sale [### 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 **$1,800,000**, an eligible buyer represented by us would receive an estimated **$27,000** 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 at closing 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$1,800,000 Sponsor's New York State transfer tax$7,200 Sponsor's New York City transfer tax$25,650 Added at closing, before the attorney fee$32,850 Buyer Commission Share, illustrative$27,000 On the median asking price here, the Buyer Commission Share of $27,000 offsets most of the $32,850 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) ## What a sponsor sale costs that a resale does not A new development condo is sold by the sponsor under an offering plan filed with the New York State Attorney General, and that plan decides who pays what at closing. Most plans move the New York State and New York City transfer taxes onto the buyer. New York State charges $2 for every $500 of consideration and is the seller's obligation by default; New York City charges 1.425 percent on residential sales above $500,000, with a further $1.25 per $500 once the price reaches $3 million. Shifting those onto the buyer does more than add them to the bill, because what the buyer pays on the sponsor's behalf is itself treated as consideration and taxed again. Add the sponsor's attorney fee and a working capital contribution of a month or two of common charges. Every one of those is a term in a contract rather than a rule, which means every one is negotiable, and on a residence that has been sitting they are usually the first thing a sponsor will concede. BUYER FAQ ## Common questions about buying new construction in NYC ### Are there any new construction condos for sale in NYC? + 965 right now, across 295 developments, at a median asking price of $1.8M. That is the condos a listing broker has entered on the REBNY Residential Listing Service as new development or sponsor inventory, so the count moves as buildings launch and close out. It is smaller than the number of units under construction in the city, because a building that has not released its first residences has nothing to list yet. ### Who pays the transfer taxes on a new development condo? + The offering plan decides, and most plans put them on the buyer. New York State charges $2 per $500 of price and is the seller's obligation by default; New York City charges 1.425 percent above $500,000, plus $1.25 per $500 once the price reaches $3 million. The part buyers miss is that when the contract shifts those taxes, what the buyer pays on the sponsor's behalf counts as consideration and is taxed in turn, so the bill runs higher than the headline rates applied to the purchase price. It is a contract term rather than a law, which is why it is worth negotiating before you sign. ### What is the mansion tax on a new construction condo? + A buyer-paid New York State tax starting at 1 percent of the price at $1 million and rising in steps to 3.9 percent above $25 million. It applies to the whole price rather than the slice above each threshold, so crossing a threshold by a dollar costs the full step. At a median of $1.8M most residences on this page clear at least the first one. The mansion tax calculator prices a specific purchase, and it is separate from the transfer taxes above. ### Do I need to register my broker before visiting a sales office? + Yes, and this is the one thing that cannot be fixed afterwards. On a new development the sponsor pays the buyer's broker, and sponsors will generally not recognise a broker introduced after the buyer's first visit. Walk into the sales office alone and the agent there represents the sponsor, no one represents you, and there is no buyer-side commission for anyone to share with you. Register before you tour or contact the sales office and nothing about your offer changes, except that you have your own representation and an eligible purchase earns the Buyer Commission Share. ### Where is most of New York's new construction? + Manhattan by a wide margin, and within Manhattan it clusters where the towers are: the West 57th Street corridor, Hudson Yards, Tribeca, the Financial District and the Upper East Side. Brooklyn has a substantial and growing supply concentrated in Williamsburg, Downtown Brooklyn and along the waterfront. Queens is smaller and mostly Long Island City. The borough, neighborhood and ZIP lists below are built from live counts, so they move with the market rather than with anyone's opinion. ### What is an offering plan and what should I read in it? + The document the sponsor files with the New York State Attorney General setting out the building and the terms of sale. Four parts decide what a purchase actually costs. The closing-cost schedule says which taxes and fees the buyer has been assigned. The projected budget sets the first year of common charges, which is a projection rather than a promise. The description of property states what is being delivered, as against what a rendering shows. And the sponsor's obligations set out what happens if the building is late. Your attorney reads all of it before you sign, and this is not a step to compress. ### Do new construction condos cost more to run each month? + Usually less at first and more later, which is the trap. A new building's first-year common charges come from a projected budget in the offering plan, and projections run optimistic on staffing, insurance and energy in a way the second year corrects. A new building also has no repair history and no reserve accumulated from years of contributions. Ask what the sponsor projected, ask what comparable buildings of the same size and amenity level actually charge, and treat the difference as the increase to expect rather than a saving you have found. ### What does a temporary certificate of occupancy mean for my purchase? + A TCO lets residents move in before the building is finished, and closings on new construction routinely happen under one. It is normal rather than alarming, but it has consequences. Some lenders will not fund against a TCO, or will fund on different terms, so confirm financing against the actual certificate rather than assuming. And work continues after you move in, so the amenity floors and outdoor space may not be finished when you are. ### Is there a Buyer Commission Share on a new development? + On a purchase at the $1.8M median here it works out to an estimated $27,000, credited to you at closing. Sponsors pay buyer-broker compensation on almost every new development, which is why the share is largest on exactly these purchases. Where we are compensated, we share half of what we actually receive with you as Savings at Closing. It is not a discount on the asking price, it does not come out of your deposit, and it does not weaken your offer. What it requires is a signed buyer agreement and that we are the broker who introduces you to the building. ## Explore new construction by borough, neighborhood and ZIP ### New construction condos by borough - [Manhattan new construction condos](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/condos-for-sale) - [Brooklyn new construction condos](https://realestaterebatesnewyork.com/new-developments/newyorkcity/brooklyn/condos-for-sale) - [Queens new construction condos](https://realestaterebatesnewyork.com/new-developments/newyorkcity/queens/condos-for-sale) ### New construction condos by neighborhood - [Financial District new construction condos](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/financial-district-manhattan/condos-for-sale) - [Upper West Side new construction condos](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/upper-west-side-manhattan/condos-for-sale) - [Williamsburg new construction condos](https://realestaterebatesnewyork.com/new-developments/newyorkcity/brooklyn/williamsburg-brooklyn/condos-for-sale) - [Midtown East new construction condos](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/east-midtown-manhattan/condos-for-sale) - [Long Island City new construction condos](https://realestaterebatesnewyork.com/new-developments/newyorkcity/queens/long-island-city-queens/condos-for-sale) - [Hell's Kitchen new construction condos](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/hell-s-kitchen-manhattan/condos-for-sale) Show moreShow less- [Bushwick new construction condos](https://realestaterebatesnewyork.com/new-developments/newyorkcity/brooklyn/bushwick-brooklyn/condos-for-sale) - [Midtown new construction condos](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/midtown-manhattan/condos-for-sale) - [Downtown Brooklyn new construction condos](https://realestaterebatesnewyork.com/new-developments/newyorkcity/brooklyn/downtown-brooklyn-brooklyn/condos-for-sale) - [Chelsea new construction condos](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/chelsea-manhattan/condos-for-sale) - [Lincoln Square new construction condos](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/lincoln-square-manhattan/condos-for-sale) - [Hudson Yards new construction condos](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/hudson-yards-manhattan/condos-for-sale) ### New construction condos by Manhattan ZIP code - [10022 new construction condos](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/10022/condos-for-sale) - [10019 new construction condos](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/10019/condos-for-sale) - [10025 new construction condos](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/10025/condos-for-sale) - [10011 new construction condos](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/10011/condos-for-sale) - [10023 new construction condos](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/10023/condos-for-sale) - [10016 new construction condos](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/10016/condos-for-sale) Show moreShow less- [10018 new construction condos](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/10018/condos-for-sale) - [10003 new construction condos](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/10003/condos-for-sale) ### Other ways to buy new construction in New York City - [Co-ops in New York City](https://realestaterebatesnewyork.com/new-developments/newyorkcity/co-ops-for-sale) - [Penthouses in New York City](https://realestaterebatesnewyork.com/new-developments/newyorkcity/penthouses-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) - [Buyer closing cost calculator](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Condo vs co-op in NYC](https://realestaterebatesnewyork.com/guides/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 ## Buying new construction in New York? In a sales office the agent works for the sponsor, and if you walk in alone that is the only representation in the room. Bringing your own broker costs you nothing on the buying side, because the sponsor already pays buyer-broker compensation. Where we are compensated, every eligible purchase earns a Buyer Commission Share: half of what we actually receive, credited to you as Savings at Closing. The one condition is that you register before your first visit, which is why this is worth a conversation before you tour anything. There are 965 new construction and sponsor condos for sale across Manhattan, Brooklyn and Queens today, at a median asking price of $1.8M. Tell me the neighborhoods and the budget and I will tell you which sponsors are conceding on closing costs right now, what the projected budget looks like against comparable buildings, and what the Buyer Commission Share works out to on the ones you shortlist. [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 · 5 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)[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 agoSponsor Residence·Residential·Williamsburg, Brooklyn ### 636 LORIMER Street #3A, Brooklyn, NY 11211 3 Beds · 2 Baths · 1,173 sqft$1,799,999●ActiveEstimated Buyer Advantage$44,999*Courtesy of Serhant](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11211/636-lorimer-street-3a-ny-11211)[New · 1 day agoSponsor Residence·Residential·Battery Park City, Manhattan ### 377 RECTOR Place #15C, New York, NY 10280 2 Beds · 1 Bath · 766 sqft$950,000●ActiveEstimated Buyer Advantage$23,750*Courtesy of Corcoran Group](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10280/377-rector-place-15c-ny-10280) 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. Please consult with your own architect or engineer for exact dimensions and legal specifications. ```json {"@context":"https://schema.org","@type":"RealEstateAgent","@id":"https://realestaterebatesnewyork.com/#organization","name":"Real Estate Rebate Team","alternateName":"Real Estate Rebate NYC","url":"https://realestaterebatesnewyork.com","logo":"https://realestaterebatesnewyork.com/logo_black.png","image":"https://realestaterebatesnewyork.com/logo_black.png","description":"Real Estate Rebate Team is a licensed NYC residential brokerage helping buyers compare condos, co-ops, penthouses, townhouses, new developments, sponsor units, closing costs, mansion tax exposure, and potential buyer savings at closing.","email":"info@real-estate-rebate.com","telephone":"+1-315-514-0164","address":{"@type":"PostalAddress","streetAddress":"257 13th Street","addressLocality":"Brooklyn","addressRegion":"NY","postalCode":"11215","addressCountry":"US"},"geo":{"@type":"GeoCoordinates","latitude":40.6643,"longitude":-73.9904},"priceRange":"$$$","areaServed":{"@type":"City","name":"New York","@id":"https://en.wikipedia.org/wiki/New_York_City"},"sameAs":["https://www.facebook.com/profile.php?id=61550227271910","https://www.instagram.com/real_estate_rebate_team2023/","https://www.linkedin.com/in/real-estate-rebate-team-a8201526b/","https://x.com/Realrebate10011","https://www.tiktok.com/@realestaterebateteam"]} {"@context":"https://schema.org","@type":"CollectionPage","@id":"https://realestaterebatesnewyork.com/new-developments/newyorkcity/condos-for-sale#collectionpage","url":"https://realestaterebatesnewyork.com/new-developments/newyorkcity/condos-for-sale","name":"NYC New Construction Condos for Sale | Manhattan, Brooklyn & Queens","description":"965 new construction and sponsor condos for sale across Manhattan, Brooklyn and Queens. 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That is the condos a listing broker has entered on the REBNY Residential Listing Service as new development or sponsor inventory, so the count moves as buildings launch and close out. It is smaller than the number of units under construction in the city, because a building that has not released its first residences has nothing to list yet."}},{"@type":"Question","name":"Who pays the transfer taxes on a new development condo?","acceptedAnswer":{"@type":"Answer","text":"The offering plan decides, and most plans put them on the buyer. New York State charges $2 per $500 of price and is the seller's obligation by default; New York City charges 1.425 percent above $500,000, plus $1.25 per $500 once the price reaches $3 million. The part buyers miss is that when the contract shifts those taxes, what the buyer pays on the sponsor's behalf counts as consideration and is taxed in turn, so the bill runs higher than the headline rates applied to the purchase price. It is a contract term rather than a law, which is why it is worth negotiating before you sign."}},{"@type":"Question","name":"What is the mansion tax on a new construction condo?","acceptedAnswer":{"@type":"Answer","text":"A buyer-paid New York State tax starting at 1 percent of the price at $1 million and rising in steps to 3.9 percent above $25 million. It applies to the whole price rather than the slice above each threshold, so crossing a threshold by a dollar costs the full step. At a median of $1.8M most residences on this page clear at least the first one. The mansion tax calculator prices a specific purchase, and it is separate from the transfer taxes above."}},{"@type":"Question","name":"Do I need to register my broker before visiting a sales office?","acceptedAnswer":{"@type":"Answer","text":"Yes, and this is the one thing that cannot be fixed afterwards. On a new development the sponsor pays the buyer's broker, and sponsors will generally not recognise a broker introduced after the buyer's first visit. Walk into the sales office alone and the agent there represents the sponsor, no one represents you, and there is no buyer-side commission for anyone to share with you. Register before you tour or contact the sales office and nothing about your offer changes, except that you have your own representation and an eligible purchase earns the Buyer Commission Share."}},{"@type":"Question","name":"Where is most of New York's new construction?","acceptedAnswer":{"@type":"Answer","text":"Manhattan by a wide margin, and within Manhattan it clusters where the towers are: the West 57th Street corridor, Hudson Yards, Tribeca, the Financial District and the Upper East Side. Brooklyn has a substantial and growing supply concentrated in Williamsburg, Downtown Brooklyn and along the waterfront. Queens is smaller and mostly Long Island City. The borough, neighborhood and ZIP lists below are built from live counts, so they move with the market rather than with anyone's opinion."}},{"@type":"Question","name":"What is an offering plan and what should I read in it?","acceptedAnswer":{"@type":"Answer","text":"The document the sponsor files with the New York State Attorney General setting out the building and the terms of sale. Four parts decide what a purchase actually costs. The closing-cost schedule says which taxes and fees the buyer has been assigned. The projected budget sets the first year of common charges, which is a projection rather than a promise. The description of property states what is being delivered, as against what a rendering shows. And the sponsor's obligations set out what happens if the building is late. Your attorney reads all of it before you sign, and this is not a step to compress."}},{"@type":"Question","name":"Do new construction condos cost more to run each month?","acceptedAnswer":{"@type":"Answer","text":"Usually less at first and more later, which is the trap. A new building's first-year common charges come from a projected budget in the offering plan, and projections run optimistic on staffing, insurance and energy in a way the second year corrects. A new building also has no repair history and no reserve accumulated from years of contributions. Ask what the sponsor projected, ask what comparable buildings of the same size and amenity level actually charge, and treat the difference as the increase to expect rather than a saving you have found."}},{"@type":"Question","name":"What does a temporary certificate of occupancy mean for my purchase?","acceptedAnswer":{"@type":"Answer","text":"A TCO lets residents move in before the building is finished, and closings on new construction routinely happen under one. It is normal rather than alarming, but it has consequences. Some lenders will not fund against a TCO, or will fund on different terms, so confirm financing against the actual certificate rather than assuming. And work continues after you move in, so the amenity floors and outdoor space may not be finished when you are."}},{"@type":"Question","name":"Is there a Buyer Commission Share on a new development?","acceptedAnswer":{"@type":"Answer","text":"On a purchase at the $1.8M median here it works out to an estimated $27,000, credited to you at closing. Sponsors pay buyer-broker compensation on almost every new development, which is why the share is largest on exactly these purchases. Where we are compensated, we share half of what we actually receive with you as Savings at Closing. It is not a discount on the asking price, it does not come out of your deposit, and it does not weaken your offer. What it requires is a signed buyer agreement and that we are the broker who introduces you to the building."}}]} {"@context":"https://schema.org","@type":"BreadcrumbList","@id":"https://realestaterebatesnewyork.com/new-developments/newyorkcity/condos-for-sale#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":"NYC Condos","item":"https://realestaterebatesnewyork.com/new-developments/newyorkcity/condos-for-sale"}]} ```