In one of Manhattan’s most desirable neighborhoods, the pipeline of new homes is nearly dry.
The Upper West Side, nestled between the Hudson River and Central Park, is due to get just 51 new condo units in the three years through 2028, according to an estimate by Corcoran Sunshine Marketing Group. That’s down from the 869 new condos added from 2016 to 2019, before the pandemic upended developers’ plans. The 94% slide was the steepest for all the Manhattan neighborhoods Corcoran Sunshine tracks.
A rendering of 50 W. 66th St. in Manhattan.
Source: Recent Spaces
That’s bad news for Upper West Side homebuyers, who are increasingly favoring fresh construction over ...