The 2018 second quarter market report from Douglas Elliman showed that Manhattan has hit the “reset” button as prices and sales continue to drop. In addition, the report showed the smallest market share of bidding wars since 2012. For new developments, the year-over-year median sales price dropped 19.2 percent.
In Brooklyn, Douglas Elliman's first-quarter report (second quarter is not available yet) showed that the condo median sales price declined 7.6 percent. Listing inventory and number of sales also dropped, as did the market share of bidding wars. The year-over-year median sales price for new developments decreased even more than in Manhattan, declining 33.2 percent.
This is good news for buyers looking for a newly built apartment. So if you are in the market, here are five one-bedroom, one-bath condos in new developments in Manhattan and Brooklyn with open houses this weekend.
This apartment is in the Highbridge, a new 39-unit, eight-story condo in Washington Heights near the A, C, and 1 train lines. It is about 580 square feet, and includes white oak floors, stainless steel appliances, quartz countertops, Italian tile backsplash, and a washer/dryer. It also comes with private storage. Building amenities feature a gym, virtual doorman, and common roof deck. It lists for $550,000. Monthly common charges are $442; monthly taxes are abated for 15 years and are currently $99.
The open houses are scheduled for Saturday, July 7th and Sunday, July 8th, from noon-2 p.m. each day.
A corner unit, this Bedford-Stuyvesant apartment (also shown at top) has three exposures, making it bright throughout the day. Exposed brick and high ceilings are the design elements mentioned in the listing. The bathroom has Spanish tiles and a shower with a seat. The kitchen includes a microwave and dishwasher. The building has just eight apartments, and sits between the G at Bedford-Nostrand and the J and M trains at Myrtle Avenue. It’s listed for $580,000. Monthly common charges are $373; taxes are $142.
The open house is scheduled for Sunday, July 8th, noon-1 p.m.
This apartment is in Williamsburg, but is close to the J, M, and Z trains at Marcy Avenue, so the upcoming L train shutdown should be less of a concern. Like most new developments, it features an open kitchen and living room layout, and also comes with a 122-square-foot balcony. The kitchen has Leibherr and Bosch appliances, including a washer/dryer; the bath has Koehler and Grohe fixtures. The building includes a part-time doorman, gym, garden, storage, and parking. It is listed for $850,000. Monthly common charges are $489; taxes are $117.
The open house is scheduled for Sunday, July 8th, from 2-3 p.m.
This Upper East Side condo is in the Vitre building. It has a south-facing, 70-square-foot balcony and floor-to-ceiling windows. The kitchen has a Carrara marble backsplash, Caesarstone countertop, Bertazzoni cooktop and oven, and a Blomberg refrigerator. Building amenities feature a lounge, rooftop sundeck, bicycle storage, and concierge services by Hello Alfred. It lists for $905,000; monthly common charges are $521, and real estate taxes are $367.
The open house is Sunday, July 8th, by appointment only, from 11 a.m.-4 p.m.
This Financial District apartment is in the 101 Wall By the Water development. At 706 square feet, it’s decent sized for a new downtown one bedroom, and features northern exposures, a walk-in closet, gray herringbone flooring, marble countertops and backsplashes, and a marble bath. The amenity-packed building includes private storage, a lounge, children’s playroom, game room, fitness studio, sauna, and landscaped rooftop terrace. It’s listed for $995,000. Monthly common charges are $913; taxes are $1,056.
The open house is scheduled for Sunday, July 8th, 11 a.m.-1 p.m.
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