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Insights

Reports

Q1 2021

NYC Real Estate Development Overview / Q1 2021

Development Site Advisors® is pleased to present a Q1 2021 NYC Real Estate Development Overview. By meticulously researching through ACRIS and DOB job filings, we have compiled sales and development data from Q1 2018 through Q1 2021. Number of Sales, Total Dollar Volume, and Total Buildable SF all decreased in Q1 2021 in comparison to Q1 2020. Brooklyn led the boroughs in all of Number of Sales, Total Dollar Volume, and Total Buildable SF. Sales in Manhattan saw the highest Average Price per Zoning Floor Area, despite a $100 drop from the previous year.

Development Transactions

43

Number of Sales
-46% vs Q1 2020

$317M

Total Dollar Volume
-69% vs Q1 2020

2M

Total Buildable SF
-59% vs Q1 2020


Highlighted New Buildings

520 Fifth Avenue, Manhattan

71-82 Parsons Boulevard, Jamaica

1340 Blondell Avenue, The Bronx