At the center of the universe lies one of the most amazing and vibrant cities in the world: New York City also known as the Big Apple. With many individuals and families flocking to New York real estate has never been more in the news and the real estate market for that matter.

New York Pre-Construction Real Estate and Condos
New York City, also known as the Big Apple or abbreviated forms of NY and NYC is home to the largest metro population base in the entire United States of America. It is no wonder that real estate prices and values in New York City are among the highest in the US with many communities, condominium homes, residences, townhomes and houses reaching more than $1000 per square foot! With actors, actresses, sports figures, billionaires, entrepreneurs, headquarters, business executives and the most famous of the famous residing in New York real estate and occupying, renting and buying property in all areas, districts and housing types, believe it or not, it is actually very tough to find affordable and suitable housing for singles and young couples. A majority of the NY real estate market is occupied not by owner occupied homebuyers, but renters and there are many New York rental condominium tower residences available in the downtown Manhattan core as well as on Long Island, Chelsea and many other communities that are close to their work. It is true that many people rent condos and apartment flats or even rowhomes and townhomes that are close to work so that they do not have to commute by car everywhere and everyday. However, many of the presales and pre-construction New York real estate condominium homes and apartment flats are actually being purchased by eventual home owners who will live there as a primary residence, which is bucking the city trend of just renters and rental condo units.

Renovated Flats and Urban Condominiums in NYC
This has given a huge population the chance to own a pre-construction and completely new condo unit that has many upsides including no one ever having lived there, many pre-sales renovation projects that convert old apartment flats and units into luxurious and sophisticated residences and condominiums with the most flattering amenities and finishes as well as rowhomes and town houses that will fit the bill for many younger families. However, the rental and vacancy rate within New York City is still at all time lows and will continue along this trend as the population in NYC is still increasing faster than housing starts. However, of note is that many of these pre-construction New York condos are actually affordable, but what that means in NY real estate is that they are still very highly priced when compared to other major cities and capital cities in other States. It is very likely that a new construction condominium or urban flat may cost at least $750 US per square foot upwards of even several thousand dollars per sq ft. With New York real estate within attractive and clearly urban districts being at a price premium, the value or pre-construction and presales properties is still going up and with no end in site. With any real estate cycle, New York has still gone through ups and downs, but overall over a course of a decade, property values have always gone upwards. The preconstruction condominiums in New York range from studio flats to one bedroom live/work residences and from two bedroom couple suites to three bedroom family homes. There are also master-planned communities outside of the downtown New York core that represent pre-cosntruction and presales master planned communities with townhomes, row homes, townhouses and other single family detached housing that are perfect for families and retired couples looking for a slower pace.

New York real estate property development has taken a large turn in the past decade as land property has become scarce and in many times too expensive for real estate development teams to purchase and develop. therefore, the number of New York pre-construction real estate properties upcoming and in development are much less than other major cities in the United States. However, what NYC has that no other urban community has in the US is a great number of luxury and exclusive condo communities in or near the downtown Manhattan area of New York. Real estate condominium conversion properties and new constructions are going on everywhere, and therefore, it is always better to get into the New York real estate NYC market sooner rather than later as the property prices continue to sky rocket.

In addition, the recent rise of Hoboken and New Jersey City NJ have given rise to many real estate master-planned condo and townhome communities in New Jersey across the river from New York. These also include many luxury condominium towers that are under construction in both New Jersey City and Hoboken. Affordable and conveniently close to New York City, this is where the wealth of newly approved real estate properties will be.

Below is a list of new construction, NYC pre-construction and New York condominium conversion properties that are ongoing in this amazing urban community. Forever changing the skyline of NYC, these New York real estate property projects are either well underway or currently awaiting approval by City Council.