Manhattan New Construction & Proposed Multifamily Projects 4Q20
83 85
82
12
41
62
ID PROPERTY UNITS
6 30 Morningside Drive 205 Total Lease Up 205
12 HAP Seven NY 129 15 418 West 126th Street 75
19 Victoria Theatre 191 15 Total Under Construction 395 19
37 Broadway Development 130 6 41 210 Wadsworth Avenue 98 46 Total Planned 228
43 96th Street 171 43 46 Frederick Douglass Blvd 100 37 62 4037 Broadway 132 82 The Heights on Broadway 171 83 Sherman Plaza 272 85 3875 9th Avenue 614 Total Prospective 1,460 2000 ft Source: Yardi Matrix
LEGEND Lease-Up Under Construction Planned Prospective Manhattan New Construction & Proposed Multifamily Projects 4Q20
44
73
ID PROPERTY UNITS
1 The Smile 233 3 Convivium 140 45 4 Sixty 125 141 4 39 23 26 5 Two Waterline Square 435 Total Lease Up 949 1 74 13 75 10 Sendero Verde Phase II 361 22 24 13 One East Harlem 404 25 Total Under Construction 765 49
22 15 West 118th Street 51 38 23 1971 Madison Avenue 93 10
24 72 East 120th Street 218 77 25 77 East 118th Street 202 47 26 East 127th Street 152 38 La Hermosa Tower 160 39 2031-2033 5th Avenue 240 Total Planned 1,116 48
44 58 West 135th Street 100 45 64-74 West 125th Street 200 47 1987-1991 3rd Avenue 59 76 48 1988-1996 2nd Avenue 185 49 248 East 120th Street 86 50 308 East 86th Street 68 78 52 Lenox Hill Hospital 200 73 Lenox Terrace Phase II 1,642 74 1800 Park Avenue 670 50 75 2460 2nd Avenue 730 3 76 321 East 96th Street 1,100 77 East River Plaza 1,100 52 5 78 Holmes Towers NextGen Development 339 Total Prospective 6,479 1000 ft Source: Yardi Matrix
LEGEND Lease-Up Under Construction Planned Prospective Manhattan New Construction & Proposed Multifamily Projects 4Q20
ID PROPERTY UNITS
7 601 West 29th Street 931 8 555 West 38th Street 598 27 9 Third Avenue 229 80 57 54 11 606 West 30th Street 277 14 Sutton 58 389 55 51
16 102 Charlton Street 61 28 56 40 17 Maverick Chelsea 112 8 53 79 18 300 East 41st Street 82 81 58 14 60 61 20 20 230-232 East 54th Street 130 21 111 Varick Street 101 59 11 Total Under Construction 2,910 7 66 27 125 West 57th Street 100 28 507 West 42nd Street 350 29 202 East 23rd Street 79 42 18 67 30 644 East 14th Street 50 17 63 40 520 West 41st Street 499 9 42 241 West 28th Street 479 Total Planned 1,557 84
65 51 1001 3rd Avenue 50 53 Hunter's Point South 1,120 64 29 54 10-14 West 57th Street 80 68 55 10 West 55th Street 96 56 1115 East 55th Street 62 57 Le Parker Meridien 67 58 43rd Street 321 59 511 West 35th Street 400 60 540-548 West 38th Street 131 69 61 McGraw Building Redevelopment 100 30 63 Third Avenue 122 16 64 144 West 15th Street 61 79 Riverwalk Building 9 365 65 44 9th Avenue 82 21 66 989-991 6th Avenue 50 80 705 10th Avenue 160 81 Hell's Kitchen at 67 335 5th Avenue 82 Tenth - Covenant House 700 68 530 Sixth Avenue 50 84 339-345 East 33rd Street 155 69 Pier 40 450 Total Prospective 4,704 1000 ft Source: Yardi Matrix
LEGEND Lease-Up Under Construction Planned Prospective Manhattan New Construction & Proposed Multifamily Projects 4Q20
2 71 86
70
31 ID PROPERTY UNITS 90 2 The Artisan 263 Total Lease Up 263 89 87 72 88 31 59 Henry Street 80 35 32 102 John Street 250 33 111 Washington Street 429 33 32 91 34 7 Platt Street 250 35 75 Nassau 229 34 36 80 South Street 500
Total Planned 1,738 36
70 317 Broadway 76 71 59 Franklin Street 89 72 183-187 Broadway 279 86 Go Broome 488 87 235-247 Cherry Street 660 88 260 South Street 1,350 89 271-283 South Street 732 90 Towers in the Park 500 91 250 Water Street 700 Total Prospective 4,874 500 ft Source: Yardi Matrix
LEGEND Lease-Up Under Construction Planned Prospective Manhattan New Construction & Proposed Multifamily Projects
PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP
1 The Smile 158 East 126th Street New York NY 10035 Lease-Up 233 East Harlem 03/17/2017 02/28/2021 09/01/2020
2 The Artisan 180 Broome Street New York NY 10002 Lease-Up 263 Lower East Side 08/14/2018 02/28/2021 08/18/2020
3 Convivium 515 East 86th Street New York NY 10028 Lease-Up 140 Yorkville 02/28/2018 01/31/2021 08/25/2020
4 Sixty 125 60 West 125th Street New York NY 10027 Lease-Up 141 Harlem 03/26/2019 01/31/2021 08/17/2020
5 Two Waterline Square 400 West 61st Street New York NY 10069 Lease-Up 435 Lincoln Square 01/01/2016 01/31/2021 11/01/2019
6 30 Morningside Drive 30 Morningside Drive New York NY 10025 Lease-Up 205 Harlem 01/25/2018 01/31/2021 04/01/2019
Total Lease-Up 1,417
7 601 West 29th Street 601 West 29th Street New York NY 10001 Under Construction 931 Chelsea 12/16/2019 12/31/2023
8 555 West 38th Street 555 West 38th Street New York NY 10018 Under Construction 598 Hell's Kitchen 09/22/2019 10/31/2022
9 Third Avenue 509 3rd Avenue New York NY 10016 Under Construction 229 Murray Hill 08/03/2020 10/31/2022
10 Sendero Verde Phase II 1681 Madison Avenue New York NY 10029 Under Construction 361 East Harlem 04/01/2020 03/31/2022
11 606 West 30th Street 606 West 30th Street New York NY 10001 Under Construction 277 Chelsea 07/01/2020 01/31/2022
12 HAP Seven NY 4452 Broadway New York NY 10040 Under Construction 129 Washington Heights 12/15/2019 12/31/2021
13 One East Harlem 201 East 125th Street New York NY 10035 Under Construction 404 East Harlem 08/01/2019 11/30/2021
14 Sutton 58 430 East 58th Street New York NY 10022 Under Construction 389 Midtown East 02/08/2019 07/31/2021
15 418 West 126th Street 418 West 126th Street New York NY 10027 Under Construction 75 Harlem 05/01/2020 05/31/2021
16 102 Charlton Street 102 Charlton Street New York NY 10014 Under Construction 61 Soho 09/01/2019 04/30/2021
17 Maverick Chelsea 215 West 28th Street New York NY 10001 Under Construction 112 Chelsea 08/01/2018 03/31/2021
18 300 East 41st Street 300 East 41st Street New York NY 10017 Under Construction 82 Murray Hill 03/01/2019 01/31/2021
19 Victoria Theatre 233 West 125th Street New York NY 10027 Under Construction 191 Harlem 05/09/2017 01/31/2021
20 230-232 East 54th Street 232 East 54th Street New York NY 10022 Under Construction 130 Midtown East 02/20/2018 01/31/2021
21 111 Varick Street 111 Varick Street New York NY 10013 Under Construction 101 Soho 09/01/2017 01/31/2021
Total Under Construction 4,070
22 15 West 118th Street 15 West 118th Street New York NY 10026 Planned 51 Harlem
23 1971 Madison Avenue 1971 Madison Avenue New York NY 10035 Planned 93 East Harlem
24 72 East 120th Street 72 East 120th Street New York NY 10035 Planned 218 East Harlem Source: Yardi Matrix Yardi Source: Manhattan New Construction & Proposed Multifamily Projects
PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP
25 77 East 118th Street 77 East 118th Street New York NY 10035 Planned 202 East Harlem
26 East 127th Street 82 East 127th Street New York NY 10035 Planned 152 East Harlem
27 125 West 57th Street 125 West 57th Street New York NY 10019 Planned 100 Theater District
28 507 West 42nd Street 507 West 42nd Street New York NY 10036 Planned 350 Hell's Kitchen
29 202 East 23rd Street 202 East 23rd Street New York NY 10010 Planned 79 Gramercy Park
30 644 East 14th Street 644 East 14th Street New York NY 10009 Planned 50 East Village
31 59 Henry Street 59 Henry Street New York NY 10002 Planned 80 Two Bridges
32 102 John Street 102 John Street New York NY 10038 Planned 250 Financial District
33 111 Washington Street 111 Washington Street New York NY 10006 Planned 429 Financial District
34 7 Platt Street 7 Platt Street New York NY 10038 Planned 250 Financial District
35 75 Nassau 75 Nassau Street New York NY 10038 Planned 229 Financial District
36 80 South Street 80 South Street New York NY 10038 Planned 500 Financial District
37 Broadway Development 2551 Broadway New York NY 10025 Planned 130 Upper West Side
38 La Hermosa Tower 5 West 110th Street New York NY 10026 Planned 160 Harlem
39 2031-2033 5th Avenue 2031 5th Avenue New York NY 10035 Planned 240 East Harlem
40 520 West 41st Street 520 West 41st Street New York NY 10036 Planned 499 Hell's Kitchen
41 210 Wadsworth Avenue 212 Wadsworth Avenue New York NY 10033 Planned 98 Washington Heights
42 241 West 28th Street 241 West 28th Street New York NY 10001 Planned 479 Chelsea
Total Planned 4,639
43 96th Street 266 West 96th Street New York NY 10025 Prospective 171 Upper West Side
44 58 West 135th Street 58 West 135th Street New York NY 10037 Prospective 100 Harlem
45 64-74 West 125th Street 74 West 125th Street New York NY 10027 Prospective 200 Harlem
46 Frederick Douglass Blvd 2053 Frederick Douglass Blvd New York NY 10026 Prospective 100 Harlem
47 1987 1991 3rd Avenue 1991 3rd Avenue New York NY 10029 Prospective 59 East Harlem
48 1988-1996 2nd Avenue 1996 2nd Avenue New York NY 10029 Prospective 185 East Harlem
49 248 East 120th Street 248 East 120th Street New York NY 10035 Prospective 86 East Harlem Source: Yardi Matrix Yardi Source: Manhattan New Construction & Proposed Multifamily Projects
PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP
50 308 East 86th Street 308 East 86th Street New York NY 10028 Prospective 68 Yorkville
51 1001 3rd Avenue 1001 3rd Avenue New York NY 10022 Prospective 50 Lennox Hill
52 Lenox Hill Hospital East 77th Street & Park Avenue New York NY 10075 Prospective 200 Lennox Hill
53 Hunter's Point South 2nd Avenue & East 57th Street New York NY 10022 Prospective 1,120 Midtown East
54 10-14 West 57th Street 10 West 57th Street New York NY 10019 Prospective 80 Central Midtown
55 10 West 55th Street 10 West 55th Street New York NY 10019 Prospective 96 Central Midtown
56 1115 East 55th Street 115 East 55th Street New York NY 10022 Prospective 62 Central Midtown
57 Le Parker Meridien 119 West 56th Street New York NY 10019 Prospective 67 Theater District
58 43rd Street 308 West 43rd Street New York NY 10036 Prospective 321 Hell's Kitchen
59 511 West 35th Street 511 West 35th Street New York NY 10001 Prospective 400 Hell's Kitchen
60 540-548 West 38th Street 540 West 38th Street New York NY 10018 Prospective 131 Hell's Kitchen
61 McGraw Building Redevelopment 330 West 42nd Street New York NY 10036 Prospective 100 Hell's Kitchen
62 4037 Broadway 4037 Broadway New York NY 10032 Prospective 132 Washington Heights
63 Third Avenue 540 3rd Avenue New York NY 10016 Prospective 122 Murray Hill
64 144 West 15th Street 144 West 15th Street New York NY 10011 Prospective 61 Chelsea
65 44 9th Avenue 44 9th Avenue New York NY 10011 Prospective 82 Chelsea
66 989-991 6th Avenue 989 6th Avenue New York NY 10018 Prospective 50 Garment District
67 335 5th Avenue 335 5th Avenue New York NY 10016 Prospective 82 Nomad
68 530 Sixth Avenue 63 West 14th Street New York NY 10011 Prospective 50 Flatiron
69 Pier 40 353 West Street New York NY 10014 Prospective 450 West Village
70 317 Broadway 317 Broadway New York NY 10007 Prospective 76 Tribeca
71 59 Franklin Street 59 Franklin Street New York NY 10013 Prospective 89 Civic Center
72 183-187 Broadway 183-187 Broadway New York NY 10007 Prospective 279 Financial District
73 Lenox Terrace Phase II 484 Lenox Avenue New York NY 10037 Prospective 1,642 Harlem
74 1800 Park Avenue 1800 Park Avenue New York NY 10035 Prospective 670 East Harlem
75 2460 2nd Avenue 2460 2nd Avenue New York NY 10035 Prospective 730 East Harlem Source: Yardi Matrix Yardi Source: Manhattan New Construction & Proposed Multifamily Projects
PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP
76 321 East 96th Street 321 East 96th Street New York NY 10128 Prospective 1,100 East Harlem
77 East River Plaza 520 East 117th Street New York NY 10035 Prospective 1,100 East Harlem
Holmes Towers NextGen 78 1780 1st Avenue New York NY 10128 Prospective 339 Yorkville Development
79 Riverwalk Building 9 400 Main Street New York NY 10044 Prospective 365 Roosevelt Island
80 705 10th Avenue 705 10th Avenue New York NY 10036 Prospective 160 Hell's Kitchen
81 Hell's Kitchen at Tenth-Covenant House SWC West 41st Street & Dyer Avenue New York NY 10036 Prospective 700 Hell's Kitchen
82 The Heights on Broadway 4566 Broadway New York NY 10040 Prospective 171 Washington Heights
83 Sherman Plaza 4650 Broadway New York NY 10040 Prospective 272 Hudson Heights
84 339-345 East 33rd Street 339 East 33rd Street New York NY 10016 Prospective 155 Kips Bay
85 3875 9th Avenue 3875 9th Avenue New York NY 10034 Prospective 614 Inwood
86 Go Broome 60 Norfolk Street New York NY 10002 Prospective 488 Lower East Side
87 235-247 Cherry Street 235 Cherry Street New York NY 10002 Prospective 660 Two Bridges
88 260 South Street 260 South Street New York NY 10002 Prospective 1,350 Two Bridges
89 271-283 South Street 283 South Street New York NY 10002 Prospective 732 Two Bridges
90 Towers in the Park SWC Jefferson Street & Madison Street New York NY 10002 Prospective 500 Two Bridges
91 250 Water Street 250 Water Street New York NY 10038 Prospective 700 Financial District
Total Prospective 17,517
TOTAL MANHATTAN 27,643 Source: Yardi Matrix Yardi Source:
© 2020 Berkadia Real Estate Advisors LLC. Berkadia® is a trademark of Berkadia Proprietary Holding LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. In California, Berkadia Real Estate Advisors Inc. conducts business under CA Real Estate Broker License #01931050; Vincent B. Norris, CA BRE Lic. # 843890. Berkadia Commercial Mortgage LLC conducts business under CA Finance Lender & Broker Lic. #988-0701; and Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116. For state licensing details visit: http://www.berkadia.com/legal/licensing.aspx. The information and details contained within this report have been obtained from a third-party and believed to be accurate; however, Berkadia has not independently verified its accuracy. Date of survey: December 2020