NYC New Development Report: 45 Sponsor Contracts Signed This Week
Buyers signed 45 new development contracts across Manhattan, Brooklyn and Queens the week of November 2 to 8, 2026. Manhattan led with 24, its most since July, while Queens beat its weekly average and Brooklyn came in below it. Three new buildings also started sales, including The Greenwich Spire in Greenwich Village.
How did each borough's new development market do this week?
Manhattan and Queens beat their weekly averages, and Brooklyn fell short. Here's how each borough compared with its typical week over the past year.
Borough | Contracts | Weekly average | Average price | Top building |
|---|---|---|---|---|
Manhattan | 24 | 23 | $7.06M | The Greenwich Spire, 3 contracts |
Brooklyn | 12 | 18 | $1.72M | 436 State Street, 1 contract |
Queens | 9 | 6 | $1.12M | The Rowan II, 6 contracts |
Source: Marketproof New Development Market Report, sponsor contracts November 2–8, 2026. Weekly average is the trailing 52-week benchmark.
What sold in Manhattan new development this week?
Twenty-four sponsor contracts at an average of $7.06 million, the borough's best week since July. The Greenwich Spire at 11 West 13th Street led with three contracts from $8.10 million to $10.85 million, for $27.25 million in total, the most dollar volume of any building in the city. The 34-unit building only launched sales on November 6 and is already 9% sold or in contract.
The Emmet Building, Apt EA
95 Madison Avenue · Nomad
- Beds: 6
- Baths: 7
- Size: 8,355 sq ft
- Price per sq ft: $3,036
The week's largest new development contract in the city, a six-bedroom home with more than 8,300 square feet in the Emmet Building on Madison Avenue.
262 Fifth Avenue, Apt 6
Nomad
- Beds: 3
- Baths: 3.5
- Size: 4,406 sq ft
- Price per sq ft: $3,314
A three-bedroom in the new condo tower on Fifth Avenue in Nomad.
Sixteen Fifth Avenue, Apt 10
16 Fifth Avenue · Greenwich Village
- Beds: 4
- Baths: 4.5
- Size: 3,727 sq ft
- Price per sq ft: $3,622
A four-bedroom on lower Fifth Avenue near Washington Square Park.
Want floor plans and early pricing at Manhattan's newest buildings? Contact Darrell Williams for a private consultation.
What sold in Brooklyn new development this week?
Twelve sponsor contracts at an average of $1.72 million, below Brooklyn's 18-contract weekly average. The top deals were spread across Boerum Hill, East Williamsburg and Prospect Heights.
436 State Street, Garden
Boerum Hill
- Beds: 4
- Baths: 3.5
- Size: 2,946 sq ft
- Price per sq ft: $1,458
Brooklyn's top contract, the garden home in a two-unit development that launched in June 2026.
185 Skillman Avenue, PH
East Williamsburg
- Beds: 3
- Baths: 2.5
- Size: 1,738 sq ft
- Price per sq ft: $2,299
A penthouse with the highest price per square foot of Brooklyn's top three.
515 Dean Street, Apt 1B
Prospect Heights
- Beds: 3
- Baths: 2.5
- Size: 1,530 sq ft
- Price per sq ft: $1,895
A three-bedroom in Prospect Heights.
What sold in Queens new development this week?
Nine sponsor contracts at an average of $1.12 million, well above the borough's six-contract weekly average. The Rowan II in Astoria-Ditmars drove the week with six contracts from $695,000 to $2.19 million. The 90-unit building launched in May 2026 and is now 13% sold or in contract.
The Rowan II, PH2A
Astoria-Ditmars
- Beds: 3
- Baths: 2
- Size: 1,291 sq ft
- Price per sq ft: $1,692
The top contract in Queens, a three-bedroom penthouse.
The Rowan II, Apt 3E
Astoria-Ditmars
- Beds: 2
- Baths: 2
- Size: 918 sq ft
- Price per sq ft: $1,520
One of six contracts at the building this week.
The Rowan II, Apt 3L
Astoria-Ditmars
- Beds: 2
- Baths: 2
- Size: 903 sq ft
- Price per sq ft: $1,384
A two-bedroom on the same floor as Apt 3E.
Which new developments launched sales in November?
Three buildings with 43 homes in total, one in Manhattan and two in Brooklyn.
- The Greenwich Spire11 West 13th Street · Greenwich Village
34 homes · sales started November 6 - 216 Union StreetCarroll Gardens, Brooklyn
4 homes · sales started November 5 - DevauxEast Williamsburg, Brooklyn
5 homes · sales started November 3
What does this week mean for buyers and sellers?
For buyers, new launches are the time to get the best pick of floors and layouts. The Greenwich Spire signed three contracts the same week it launched, and The Rowan II keeps selling steadily in Astoria. If you're shopping new development, ask about the offering plan, the closing timeline and which costs the sponsor covers before you sign.
For sellers, especially in Manhattan, steady sponsor demand means buyers are active, but new buildings are also your competition. Pricing your resale home against nearby new development, not just last year's sales, is what gets it sold.
Frequently asked questions
How many new development contracts were signed in NYC the week of November 2 to 8, 2026?
45 sponsor contracts across Manhattan, Brooklyn and Queens: 24 in Manhattan, 12 in Brooklyn and 9 in Queens, according to Marketproof.
What was the biggest new development contract in NYC this week?
The Emmet Building at 95 Madison Avenue in Nomad, Apt EA, at $25.36 million. The six-bedroom home has 8,355 square feet, or $3,036 per square foot.
Which new development building sold the most this week?
The Rowan II in Astoria-Ditmars, Queens, with six contracts from $695,000 to $2.19 million. By dollar volume, The Greenwich Spire in Greenwich Village led with $27.25 million across three contracts.
Is Manhattan new development selling?
Yes. Manhattan reported 24 sponsor contracts, its most since July and slightly above its 23-contract weekly average, at an average of $7.06 million.
Is Brooklyn new development slowing down?
It was a quieter week. Brooklyn reported 12 sponsor contracts, below its 18-contract weekly average, at an average of $1.72 million.
What new developments started sales in November 2026?
Three: The Greenwich Spire at 11 West 13th Street in Greenwich Village (34 homes), 216 Union Street in Carroll Gardens (4 homes) and Devaux in East Williamsburg (5 homes).
Can I use my own broker to buy in a new development?
Yes. Buyers can bring their own broker to a new development, and having someone on your side helps with unit selection, pricing and the offering plan. Contact Darrell Williams for a private consultation.
Looking to buy in a new development or sell in Manhattan, Brooklyn or Queens? Contact Darrell Williams for a private consultation, or view my Compass profile and listings.
