Pros and cons of buying in new developments + Deeply discounted sponsor listings in NYC

By Cait Etherington | From Future New York Wednesday, August 14, 2024

Various images from new development condos currently selling in NYC

From pristine interiors and state-of-the-art appliances to eco-friendly environments and top-level services, there are many reasons to purchase in a newly constructed building. By and large, newly constructed buildings are cleaner, greener, and more convenient as they have been built to serve the needs of contemporary New Yorkers. Still, buying in a newly constructed building can present unexpected challenges. This article examines six potential risks and challenges associated with buying in a newly constructed building.

Financing

While one might assume that lenders would prefer newly constructed buildings to aging buildings, it is usually more difficult to secure financing for a purchase in a new building, and the reason may come as a surprise. Lenders typically only agree to lend to buyers after a certain percentage of a building's units have already gone into contract. Depending on the building, the percentage will differ but is usually between 15 to 50 percent. Fortunately, in most developments, “preferred lenders” are brought on board to bridge the gap, but this also isn’t ideal. It ultimately means that buyers have fewer choices when shopping for a mortgage and, as a result, may end up with a much higher mortgage rate than they would if they could freely shop for financing.

Another common catch-22 when attempting to finance a unit in a newly constructed building is that most lenders will only issue a mortgage after the building has obtained a Certificate of Occupancy or Temporary Certificate of Occupancy. In order to obtain even a Temporary Certificate of Occupancy, however, the building must be close to completion.

via FreddieMac

Closing costs

Closing costs on condos are nearly always much higher than closing costs on coops because coop buyers don’t pay a mortgage recording tax. However, closing costs on newly constructed condos are also higher than closing costs on resale condos. In most cases, this is due to an expectation that the buyer rather than the seller (in this case, the developer or sponsor) is expected to cover all or most of the closing costs. Notably, closing costs include attorney fees, and for a variety of reasons, attorney fees are also nearly always higher when closing on a new condo versus a resale coop or condo.

Move-in dates

As many New Yorkers discovered during the pandemic, anticipated move-in dates on newly constructed buildings can be postponed for months and, in extreme cases, much longer. From permits and inspections to labor shortages and supply-chain troubles, a lot of things can delay the completion of a residential building project. For buyers, these delays not only add to the anxiety of moving but can prove costly. If, for example, a buyer has purchased a new condo and is selling an existing unit to finance the purchase, a long delay may result in both deals falling through. More often than not, however, move-in delays result in buyers being forced to rent while they wait for their newly constructed condo to be completed. Given the cost of moving, storage, and renting in New York City, move-in delays can add tens of thousands of dollars to one’s closing.

Construction errors

Even in luxury developments, a lot of things can go wrong during the construction process, and some problems won’t become visible until after the building has become occupied. These problems include drainage and plumbing problems, faulty electrical work, foundation cracks, HVAC system problems, and aesthetic defects (e.g., peeling paint and floors that can’t hold up to the wear-and-tear experienced in large residential buildings). In extreme cases, construction errors can result in certain parts of newly constructed buildings being rendered unusable. In most cases, construction errors are minor and simply result in new residents being forced to live around the buzz of ongoing maintenance work for longer than expected.

Community and culture

Many New York City buildings have a unique community or culture that has developed over many decades of habitation. It can be difficult to move into a building with an established community or culture, but when it comes to New York City housing, the timeless adage “better the devil you know than the devil you don’t” also seems to hold true. When you move into an existing building, it is usually possible to gain at least some sense of what to expect once you arrive. For example, if you’re looking for a child-friendly building or a building that welcomes musicians who practice at home, you’ll likely be able to assess the tolerance for crying children or trombone playing prior to moving in. In newly constructed buildings, it is virtually impossible to anticipate whether the community and culture of the building will ultimately be a good fit for you and your family over time.

Long-term return on investment

Buying in New York City is nearly always a strategic long-term investment. Still, buying in a newly constructed building does pose a slightly higher risk. In addition to the possibility that the newly constructed building may suffer from chronic problems (e.g., ongoing leaks), there is also a risk that the building may end up being largely unoccupied or end up being home to more renters than owner-occupants. While unoccupied units and units inhabited by renters don’t necessarily impact the value of one’s property, when the situation is extreme (i.e., the building is mostly unoccupied or home to a third or more renters), the value of one’s property may be negatively impacted. Here, it is also important to bear in mind that the Federal Housing Authority (FHA) even restricts mortgages on condo communities that aren’t at least 35 percent owner-occupied (until 2019, the FHA required at least 50 percent of units to be occupied by owners).

CityRealty index tracking the average PPSF of select new development condos in Manhattan (https://www.cityrealty.com/nyc/building-indices/new-development-condos/building-gallery/114)

The bottom line is that buying a newly constructed unit has many advantages, but it also tends to come with increased uncertainty and higher closing costs. If you know and accept the risks and higher price tag, however, it is nearly always a great investment.

Deeply Discounted Listings in New Development Buildings

Financial District - Battery Park City - Downtown

Tribeca Green, #8F
$786,250 (-15%)

Battery Park City | Condop | 1 Bedroom, 1 Bath | 673 ft²

Tribeca Green, #8F (Corcoran Sunshine Marketing Group)

From the Listing: Tribeca Green presents a new opportunity to own in idyllic North Battery Park Community surrounded by Teardrop Park, Nelson Rockefeller Park, the Hudson River and the famed Battery Park City Ball fields. See floor plan and full details here.

77 Greenwich Street, #26B
$1,550,000 (-11.4%)

Financial District | Condominium | 1 Bedroom, 1.5 Baths | 842 ft²

77 Greenwich Street, #26B (Christies International Real Estate Group LLC)

From the Listing: This brand-new one-bedroom, one and half-bath home includes floor to ceiling crystalline glass windows allowing for an abundance of natural light, stunning water views and soaring ceilings of close to 11'. The gracious entryway features custom millwork and stone flooring. A separate guest powder room features a custom Calacatta Lincoln marble sink and feature wall. The Deborah Berke custom designed European Poliform kitchen is equipped with an elegant, honed Blue de Savoie marble countertop and backsplash. Sponsor now offering 24 months of common charges on all contracts signed through 9/2/2024. See floor plan and full details here.

One Wall Street, #2513
$1,795,000 (-12.7%)

Financial District | Condominium | 1 Bedroom, 1 Bath | 832 ft²

One Wall Street, #2513 (One Wall Street Sales LLC)

From the Listing: Residence #2513 is a 832-square-foot, spacious one bedroom layout, with a private terrace within One Wall Street. Located in the east side of the building, this home offers natural light, and ample closet space. The kitchen features Oceanwood marble slab countertops, which rest on custom Aran Cucine cabinetry, accented by white glass panels and satin nickel finishes and is the perfect blend of beauty and function.Ask about sponsor closing cost and common charge credits, available for a limited time. See floor plan and full details here.

100 Franklin Street, #PHSOUTH
$4,995,000 (-16.7%)

Tribeca | Condominium | 3 Bedrooms, 3.5 Baths | 2,854 ft²

100 Franklin Street, #PHSOUTH (Douglas Elliman Real Estate)

From the Listing: This three-bedroom, three-and-a-half bath duplex residence features an expansive 946 square-foot private roof terrace, offering prime city views. Light abounds with a wall of windows facing east and a southern corner in both the primary bedroom suite and enormous entertaining room. See floor plan and full details here.

The Lofts at 62 Wooster, #5
$14,995,000 (-14.3%)

SoHo | Condominium | 4 Bedrooms, 4.5 Baths | 5,874 ft²

The Lofts at 62 Wooster, #5 (Compass)

From the Listing: Loft 5 offers soaring ceilings, 4 bedrooms, and 4.5 bathrooms spread across 5,874 square feet. Its four exposures provide historic SoHo views and flood the space with natural light, creating a captivating ambiance. This loft offers a beautiful division of public and private quarters with each room offering grand scale. The dramatic Great Room is defined by six south-facing living room windows spanning 47 feet, showcasing the quintessential SoHo streetscape. Apartment comes with private storage and access to a rooftop garden with outdoor grill and kitchen. See floor plan and full details here.

One Essex Crossing, #PHC
$2,015,000 (-19.2%)

Lower East Side | Condominium | 1 Bedroom, 1.5 Baths | 1,171 ft²

One Essex Crossing, #PHC (Corcoran Sunshine Marketing Group)

From the Listing: Occupying a prime north position at One Essex Crossing, Penthouse C offers 1,171 square feet of interior space and a 373-square-foot private roof terrace, both enjoying breathtaking views of the Midtown skyline, Williamsburg Bridge and East River. With ceilings of approximately 11', this CetraRuddy-designed home features wide plank European Oak flooring, a highly customized open kitchen with One Essex Crossing's noteworthy signature mesh storage cabinet incorporated into the backsplash, imported Italian cabinetry, and honed Dolomiti marble on the countertops and waterfall. A suite of professional Miele appliances includes a fully vented hood. See floor plan and full details here.

Lantern House, #PH1015
$7,750,000 (-20.5%)

Chelsea | Condominium | 3 Bedrooms, 3 Baths | 2,153 ft²

Lantern House, #PH1015 (Corcoran Sunshine Marketing Group)

From the Listing: Dramatic three-dimensional bay windows are featured in every room at Lantern House offering charm, character and enhanced light and views keeping residents and their sense of home at the center of its design ethos. The gracious entry foyer leads to large corner great room with 11-foot, 6-inch ceilings, chevron-laid flooring, handsome fireplace with marble surround, and charming bay windows showcasing Hudson River views! The kitchen, designed by March & White and including custom bronze finished trim and hardware, incorporates Gaggenau appliances and an impressive array of additional features. See floor plan and full details here.

Would you like to tour any of these properties?

Just complete the info below.

One High Line, #WEST14C
$9,300,000 (-16.0%)

Chelsea | Condominium | 4 Bedrooms, 4.5 Baths | 2,867 ft²

One High Line, #WEST14C (Corcoran Sunshine Marketing Group)

From the Listing: West 14C at One High Line is a four-bedroom corner residence curated by Gabellini Sheppard Associates with north and west exposures. This remarkable home boasts a generous great room and open kitchen custom designed by Bulthaup, complete with White Princess Quartzite countertops and backsplash, a robust Gaggenau appliance package and stainless-steel fixtures by CEA Design. The west-facing primary suite, complete with floor-to-ceiling windows, welcomes natural light throughout the day. See floor plan and full details here.

Midtown

35 Hudson Yards, #7303
$8,900,000 (-10%)

Midtown West | Condominium | 4 Bedrooms, 4.5 Baths | 3,436 ft²

35 Hudson Yards, #7303 (Corcoran Sunshine Marketing Group)

From the Listing: This expertly planned split four-bedroom residence boasts 10'10" ceilings, lavish satin finish wide plank French oak floors, and stunning views of the Hudson River. The windowed eat-in kitchen has been outfitted with luxurious Smallbone of Devizes cabinetry with opal white marble counters and backsplash. Full suite of Gaggenau appliances, inclusive of a wine fridge and coffee maker, truly make this kitchen extraordinary. The primary bedroom boasts two large walk-in closets and a luxurious en suite bathroom. See floor plan and full details here.

505 W 43, #11G
$1,700,000 (-10.3%)

Midtown West | Condominium | 2 Bedrooms, 2 Baths | 1,208 ft²

505 W 43, #11G (Douglas Elliman Real Estate)

From the Listing: Stunning 2-bedroom, 2-bath unit spread over 1,208 square feet, featuring a 28-foot long living room with south-facing floor-to-ceiling windows and expansive city views! This residence boasts a custom Scavolini kitchen, a large primary suite with luxurious bathroom, a generously-sized secondary bedroom with full bathroom, and abundant closet space throughout, ideal for both living and investment. See floor plan and full details here.

547 West 47th Street, #321
$1,855,000 (-12.1%)

Midtown West | Condominium | 2 Bedrooms, 2 Baths | 1,022 ft²

547 West 47th Street, #321 (Corcoran Sunshine Marketing Group)

From the Listing: Residence #321 is a generous split 2-bedroom, 2-bathroom corner residence with north and west exposures, bringing incredible light into the home. The entry foyer leads to the living room and open kitchen featuring marble countertops and backsplashes, custom cabinetry with ample storage, and appliances by Miele and Bosch. Through sliding cast-glass doors inspired by the industrial heritage of the neighborhood, the primary bedroom is located off the living room creating the feeling of a modern light-filled loft. See floor plan and full details here.

611 West 56th Street, #10
$4,350,000 (-22.3%)

Midtown West | Condominium | 4 Bedrooms, 4.5 Baths | 3,289 ft²

611 West 56th Street, #10 (Corcoran Sunshine Marketing Group)

From the Listing: Residence #10 is a sweeping full-floor home boasting north, south, west and east exposures with four bedrooms, four and a half bathrooms and exclusive direct elevator-to-residence access. Elegantly appointed modern finishes and wide-plank oak floors embrace a neutral color palette and the oversized windows provide ample sunlight. The kitchen features top-of-the-line stainless steel Gaggenau appliances, which complement Italian walnut cabinetry, honed Grigio Nicola marble countertops, and slab backsplash plus an island with a striking waterfall edge. See floor plan and full details here.

50 United Nations Plaza, #27A
$4,575,000 (-12.6%)

Turtle Bay/United Nations | Condominium | 3 Bedrooms, 3 Baths | 2,609 ft²

50 United Nations Plaza, #27A (Douglas Elliman Real Estate)

From the Listing: Originally purchased from the sponsor, 27A is in pristine condition, having rarely been occupied. In addition, custom features were added to the property by the owner such as a contemporary gas burning fireplace in the living room. Architectural detail was added to the now beautifully coffered ceilings to allow for custom lighting throughout the apartment. Soundproofing was integrated which contributes to the luxurious, calm ambiance of this home. All closet interiors were custom designed and perfectly built out. A complete water filtration system was installed in each of the sinks. An onsite parking space with valet service transfers with the sale along with a storage bin. See floor plan and full details here.

Sutton Tower, #PH47
$15,500,000 (-19.5%)

Beekman/Sutton Place | Condominium | 4 Bedrooms, 3.5 Baths | 4,765 ft²

Sutton Tower, #PH47 (Corcoran Sunshine Marketing Group)

From the Listing: Penthouse 47 is an exceptional residence encompassing the entire 47th floor and spanning all four exposures with 360-degree views. The foyer gallery leads to a great room of grand scale lined with massive windows facing south and east framing the iconic 59th Street Bridge, the East River, and the liveliness of the NY Harbor. Entertain effortlessly with the seamless flow from the enormous double living room to the gracious formal dining room which can also be a den. See floor plan and full details here.

Upper East Side

Archive Lofts, #601
$1,995,000 (-13.3%)

Lenox Hill | Condominium | 2 Bedrooms, 2 Baths | 1,050 ft²

Archive Lofts, #601 (Corcoran Sunshine Marketing Group)

From the Listing: Archive Lofts, where Tribeca-style living meets an East side address! Residence 601 is a spacious two-bedroom, two-bathroom residence featuring a 129-square-foot balcony. This exceptional home offers eastern exposure, 10-ft ceilings and 10-in wide plank engineered oak floors. This gracious layout features an open kitchen with a large island that leads to an expansive 27-foot living and dining space. The balcony welcomes in an abundance of natural light through a floor-to-ceiling sliding glass door that creates a seamless flow from indoor to outdoor living. See floor plan and full details here.

323 E 79th Street, #4
$2,490,000 (-12.3%)

Yorkville | Condominium | 3 Bedrooms, 2.5 Baths | 1,856 ft²

323 E 79th Street, #4 (Corcoran Group)

From the Listing: 323 E 79th Street offers a blend of contemporary elegance and modern comfort and is a standout value among new development condominiums in the Upper East Side. With two to four-bedroom floor-through layouts, residents are treated to spacious living areas flooded with natural light and impeccable finishes. Inside, luxurious finishes complete each residence with honed Statuarietto marble surfaces, custom tile work, an appliance package by Thermador, and premium floors in wide plank and chevron patterns to create an atmosphere of timeless luxury. See floor plan and full details here.

The Park Mansion, #PENTHOUSE
$4,600,000 (-13.2%)

Yorkville | Condominium | 3 Bedrooms, 3.5 Baths | 2,308 ft²

The Park Mansion, #PENTHOUSE (Douglas Elliman Real Estate)

From the Listing: Offered in the Park Mansion is the entire top floor with 2,343 square feet of interior space and 1,282 square feet of private outdoor space. This 3-bedroom, 3.5-bath home has spectacular unobstructed views with three exposures (south, north and east) and over 10-foot ceilings. This special unit boasts two magnificent outdoor spaces. See floor plan and full details here.

1289 Lexington Avenue, #18A
$8,800,000 (-10%)

Carnegie Hill | Condominium | 5 Bedrooms, 5.5 Baths | 3,609 ft²

1289 Lexington Avenue, #18A (Brown Harris Stevens Residential Sales LLC)

From the Listing: Residence #18A, a sprawling home with grand rooms, soaring ceilings, stunning views, and floor to ceiling windows was carefully designed to cater to the most discerning buyer. With over 3,600 square feet, this perfect five-bedroom floor plan includes an impressive corner great room, open kitchen with den, four secondary bedrooms with ensuite baths, and an ultraluxe primary suite with five closets and a tranquil windowed five-fixture bathroom. As impressive in its size as in its beauty, every detail, material, and finish were thoughtfully selected by AD 100 Hall of Famer Lee Mindel of SheltonMindel. See floor plan and full details here.

The Wales, #4C
$2,500,000 (-25.4%)

Carnegie Hill | Condominium | 2 Bedrooms, 2.5 Baths | 1,393 ft²

The Wales, #4C (Corcoran Sunshine Marketing Group)

From the Listing: Residence 4C is a spacious 1,393-square-foot home featuring a side-by-side two-bedroom layout, two bathrooms, and a powder room. This light-filled residence has approximately 9.5' ceilings, is pin-drop quiet, and enjoys a southern exposure over 92nd Street and Madison. The entry foyer leads into a spacious living and dining room with an open kitchen layout. The living and dining rooms have architectural coffered ceilings. See floor plan and full details here.

Upper West Side

The Astor, #820
$6,750,000 (-14%)

Broadway Corridor | Condominium | 5 Bedrooms, 5.5 Baths | 3,214 ft²

The Astor, #820 (Douglas Elliman Real Estate)

From the Listing: Contemporary Upper West Side living meets classic New York in this north facing five-bedroom, five and a half-bathroom condominium home at The Astor exquisitely designed by the renowned Pembrooke & Ives. A grand formal entry gallery leads to an exceptional sunlit great room with stunning sunset views which open to the eat-in-kitchen. The smartly designed kitchen features Lefroy Brooks fixtures, Calacatta marble countertops and backsplash, custom paneled millwork in matte white, and a center island clad in full Calacatta marble slabs, complete with a tasteful assortment of top-of-the-line appliances. See floor plan and full details here.

393 West End Avenue, #14C
$5,995,000 (-14.5%)

Riverside Dr./West End Ave. | Condominium | 4 Bedrooms, 3.5 Baths | 2,713 ft²

393 West End Avenue, #14C (Brown Harris Stevens Residential Sales LLC)

From the Listing: Residence 14C is a stunning four bedroom, three and a half bathroom featuring an expansive living/dining room and west-facing, windowed open kitchen. The primary bedroom has its own wing of the home and enjoys an en suite bath plus walk-in closet. The second bedroom with en suite faces south.The third and fourth bedrooms are side-by-side offering dual exposures. This home is beautifully proportioned offering triple exposure and Hudson River views. See floor plan and full details here.

The Westly, #11A
$4,995,000 (-15.3%)

Riverside Dr./West End Ave. | Condominium | 4 Bedrooms, 3.5 Baths | 2,292 ft²

The Westly, #11A (Reuveni LLC)

From the Listing: Spanning an impressive 2,292 square feet, this oversized residence offers ample space for comfortable living. The spacious foyer with coat closet features white oak herringbone floors that lead to the southeast corner living/dining room, flooded with sunlight. The open kitchen boasts an island of Crema Delicato Marble with waterfall edges, top-of-the-line Gaggenau appliances, and white matte lacquer cabinets by Aster Cucine. The corner dining room includes a side counter and wet bar with sink, wine refrigerator, and ice maker, along with glass-fronted display cabinets above. See floor plan and full details here.

Upper Manhattan

Circa Central Park, #8B
$3,995,000 (-13.8%)

Harlem | Condominium | 3 Bedrooms, 3 Baths | 1,814 ft²

Circa Central Park, #8B (Reuveni LLC)

From the Listing: Welcome to your new urban sanctuary where the Upper West Side meets Central Park, this three-bedroom, three-bathroom condominium exudes luxury and elegance. Immerse yourself into a world of breathtaking views as you gaze upon the lush landscapes of Central Park when you first awake while later enjoying your morning latte on one of two private outdoor spaces. The artful floor plan offers the perfect balance of open entertaining spaces and a secluded bedroom wing, ensuring both privacy and a vibrant social atmosphere. 25-year tax abatement in effect. See floor plan and full details here.

Smithsonian Place, #202
$499,000 (-13.2%)

Harlem | Condominium | 1 Bedroom, 1 Bath | 542 ft²

Smithsonian Place, #202 (Douglas Elliman Real Estate)

From the Listing: Residence 202 is a 542-square-foot one-bedroom and one-bathroom, offering incredible value for the space and the quality. Crisp detailing and calm colors merge effortlessly with the warmth of the late 19th-century architecture. Expansive double-glazed casement windows saturate each home with natural light, typical ceiling heights from 9 to 10 feet, white oak hardwood flooring and fitted bedroom closets and washer/dryer cabinets. See floor plan and full details here.

Brooklyn

Umbrella Factory, #1E
$1,050,000 (-10.6%)

Williamsburg | Condominium | 1 Bedroom, 1 Bath | 769 ft²

Umbrella Factory, #1E (MNS)

From the Listing: Southern facing one bedroom with soaring 14’ ceilings and a large private terrace. The high ceilings and exposed timber beams are the first details you will notice as you enter. Just blocks away from the busy Williamsburg waterfront, The Umbrella Factory sits steps from the L train in a coveted residential area of the famed neighborhood. Summer special: Pay zero in transfer taxes and zero common charges for one year! See floor plan and full details here.

Oosten, #PH5
$4,500,000 (-9.9%)

Williamsburg | Condominium | 6+ Bedrooms, 6+ Baths | 5,086 ft²

Oosten, #PH5 (Compass)

From the Listing: Situated on the vibrant South Williamsburg waterfront with endless amenities, Oosten brings luxury living in New York City to a whole new level. This spacious duplex home has double height ceilings and oversized rooms throughout. Incredible space at a price per square foot you simply won’t find anywhere else. Parking included! See floor plan and full details here.

The Acacia, #unit1
$990,000 (-22.7%)

Williamsburg | Condominium | 1 Bedroom, 1 Bath | 1,178 ft²

The Acacia, #unit1 (PEI ZHI)

From the Listing: This 1st-floor duplex apartment is a rare gem, featuring a large balcony on the first floor and a huge garden on the lower level. Enjoy the natural light and city views from the floor-to-ceiling windows in every room. The open-concept kitchen and living room are perfect for entertaining, with a sliding door leading to the balcony. Both bedrooms have ample closet space, and both bathrooms are equipped with state-of-the-art showers and Kohler vanity. Spacious storage unit on the cellar level included. See floor plan and full details here.

122 Palmetto Street, #4R
$774,995 (-8.8%)

Bushwick | Condominium | 2 Bedrooms, 1 Bath | 936 ft²

122 Palmetto Street, #4R (Douglas Elliman Real Estate)

From the Listing: Residence #4R features floor-to-ceiling windows and a floor-through layout beautifully illuminated by northern and southern exposures. This spacious 2-bedroom duplex offers a sunny roof terrace, upstairs bedroom above a generous floor through apartment. The living space here is open concept and is as functional as it is comfortable. The sleek Carrera floors and high ceilings enhance the spacious, airy feeling of the home. See floor plan and full details here.

The Diana, #202
$699,000 (-12.1%)

Bedford-Stuyvesant | Condominium | 1 Bedroom, 1 Bath | 586 ft²

The Diana, #202 (Compass)

From the Listing: In a city where location is everything, The Diana offers its residents the quiet sanctuary of home and immediate access to one of the most energetic, diverse neighborhoods in New York City. Every residence features top-of-the-line appliances and fixtures, artful design finishes, floor to ceiling windows that lead to private outdoor terraces, and access to inviting common areas. See floor plan and full details here.

The Benny, #1D
$698,000 (-12.8%)

Prospect Lefferts Gardens | Condominium | 1 Bedroom, 1 Bath | 670 ft²

The Benny, #1D (Real New York)

From the Listing: Be the first to live in this beautiful one-bedroom, one-bathroom home with massive 901 square feet of outdoor space. This residence is outfitted in modern, natural finishes: white oak hardwood floors run throughout, while matte white cabinetry and polished white quartz kitchen countertops create a light, airy feel. In the bathroom, white subway tiles and Moen fixtures present a pristine finish. See floor plan and full details here.

2654 East 18th Street, #2D
$460,000

Sheepshead Bay | Condominium | 1 Bedroom, 1 Bath | 518 ft²

2654 East 18th Street, #2D (Compass)

From the Listing: Inside this sun-splashed home, discover tall ceilings with recessed lighting, oversized windows and sliding glass doors. The large open-plan living/dining room opens to a wide balcony, perfect for indoor-outdoor enjoyment. Fall in love with the open gourmet kitchen finished with sleek gray and white cabinetry, quartz counters and stainless-steel Samsung appliances, including an electric range, French door refrigerator, dishwasher and built-in microwave. See floor plan and full details here.

Would you like to tour any of these properties?

Tags:

nyc condos

From Great Listings Price Cuts: "Little House" next to Adam Neumann's penthouse shaves $500K off ask; 3-bed in co-op where Velvet Underground formed reduced 8% Wednesday, September 11, 2024
From Great Listings From $445K: NYC apartments with private terraces include a cutting-edge Williamsburg penthouse Tuesday, September 10, 2024
From Future New York As Hudson Yards' next phase is unveiled, see the 25 best condo buildings near the High Line Tuesday, September 10, 2024
From Get To Know Winning tips for bidding on apartments stuck on the market + Lingering listings with price cuts and open houses Thursday, September 5, 2024
From Future New York NYC's best-selling buildings and priciest contracts in August 2024 Tuesday, September 3, 2024
From Future New York Matthew Adell on selling a $20M penthouse at The Wales + 25 new development penthouses on the market Thursday, August 29, 2024
From Future New York Harry Winston's Fifth Avenue gem finds a buyer; Stunning Central Park Tower aerie leads nearly $470M in Manhattan contracts Tuesday, August 27, 2024
From Get To Know How to prepare for an open house + Must-see listings include a dreamy Brooklyn brownstone and an UWS classic 6 Friday, August 23, 2024

Contributing Writer Cait Etherington Cait Etherington has over twenty years of experience working as a journalist and communications consultant. Her articles and reviews have been published in newspapers and magazines across the United States and internationally. An experienced financial writer, Cait is committed to exposing the human side of stories about contemporary business, banking and workplace relations. She also enjoys writing about trends, lifestyles and real estate in New York City where she lives with her family in a cozy apartment on the twentieth floor of a Manhattan high rise.

Read Full Bio | Contact Cait Etherington

This is your member's center

In this article:

Financing

Closing costs

Move-in dates

Construction errors

Community and culture

Long-term return on investment

Deeply Discounted Listings in New Development Buildings

Select which properties are of interest to you:

Select which properties are of interest to you:

Listings in this article

Tags:

Related Articles

Buy & Sell

Rent

Buildings

Insights

Company