NYC's real estate market remains strong with the median listing discount for January at 3.7%, down 55% from the same time last year. Furthermore, since July 2021, the city registered an estimated net gain of 6,332 permanent moves compared to the same period in 2019, indicating a gradual return to New York City as the reopening of office buildings, the return of in-person school, and the rebirth of the arts and entertainment have given people reason to call New York City home again (https://tinyurl.com/3yrewkxb). 

YOUR MARKET QUESTIONS ANSWERED:

1. Will supply increase?

2. What about rentals? 

1. When the weather warms supply typically increases, however this is not a typical year. Many people who had been considering a move  accelerated their timeline during the pandemic and much of the inventory that would typically come on seems to have come on early and already been absorbed. As such, we do not expect a large increase in supply in 2022; especially with signed contracts keeping such a strong pace, up 17% YOY (Source: Urban Digs). 

2. Citywide, rents have increased considerably due to the dramatic drop in apartments available, according to Street Easy. The most desirable neighborhoods are up double digits. Flatiron and Soho rents are up 40% and 58% respectively, versus last year. Rents for larger apartments are also pushing upwards as people continue to work from home and schools have reopened.

212W93 features a limited collection of 20

condominium homes designed by architecture firm

ODA and built by award-winning 

builder Landsea Homes.

Apartments range in size from a studio to four bedrooms all meticulously designed with fine materials and gracious private outdoor spaces. Nearly every home has a unique layout, and several occupy a full floor, with keyed-entry directly from the elevator. 

The interiors, designed by GRADE New York, feature oversized wood-clad windows and an open floor plan with ceiling heights up to 10’8”. Each residence also includes Miele washer-dryers, state of the art zoned LG heating & cooling. Prewiring for motorized shades add an extra level of lux and comfort to 

these beautifully designed homes.

The building’s amenities include a: 24-hour attended lobby with cold storage, beautifully landscaped rooftop terrace, fitness studio with The Mirror and Technogym equipment, children’s playroom, pet spa & bike storage area. Private storage is available for purchase.

Apartments range in size from 

449 SF to 2762 SF and in price from 

$795,000 to $6,950,000.