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