{"id":18818,"date":"2024-07-30T15:00:03","date_gmt":"2024-07-30T19:00:03","guid":{"rendered":"https:\/\/www.renthop.com\/blog\/?p=18818"},"modified":"2024-07-30T10:57:17","modified_gmt":"2024-07-30T14:57:17","slug":"new-constructions-in-new-york-city","status":"publish","type":"post","link":"https:\/\/www.renthop.com\/blog\/new-constructions-in-new-york-city\/","title":{"rendered":"New Construction Apartments in New York City"},"content":{"rendered":"

New York City<\/a> has one of the largest populations in the United States. Although the city has experienced a slight population decline since COVID<\/a>, around 8.3 million people still reside here and more than two-thirds of this population are renters. As a result, the NYC rental market is as fast-paced as ever, and rental prices are at an all-time high due to the overall demand for housing and the drop in the supply of new apartments in NYC<\/a>.\u00a0<\/span><\/p>\n

Housing development in NYC has slowed down significantly in recent years due to several factors such as building costs, the expiration of the 421a tax abatement<\/a> program in June of 2022, zoning regulations, and more. The number of housing units permitted by new building permits declined sharply to 16,348 in 2023, the lowest it has been since 2016. However, there are still many great new developments on the docket for 2024,<\/a> and we\u2019re here to discuss these new apartments in NYC<\/a>!\u00a0<\/span><\/p>\n

New Apartment in NYC<\/span><\/h2>\n

Housing demand in the <\/span>outer boroughs is increasing<\/span><\/a> as more and more renters are priced out of Manhattan<\/a>. In 2023, the Bronx<\/a> surprised everyone and surpassed all the other boroughs in the number of new housing completions. This borough alone accounted for 35% of new housing completions, surpassing Brooklyn<\/a> for the first time in years as the borough leading the city in housing growth. However, Brooklyn is still number one when it comes to the number of newly issued housing permits for 2023. At 32%, Brooklyn ranks above Bronx (29%), Queens<\/a> (23%), Manhattan (12%), and Staten Island<\/a> (3%).\u00a0<\/span><\/p>\n

Here are some of our favorite new apartment constructions in New York City.\u00a0<\/span><\/p>\n

New Apartment in Brooklyn<\/span><\/h3>\n

The MC (<\/span>1100 Myrtle Avenue, Brooklyn, New York, 11206<\/span><\/a>)<\/span><\/h4>\n
\"Aerial
Photo Courtesy of The MC<\/a><\/figcaption><\/figure>\n

Newly built in 2024, this new apartment in Brooklyn, NYC<\/a> started leasing its units to the public earlier this summer. The building\u2019s name, MC, stands for the number 1100 in Roman numerals and represents the opportunity for many new possibilities. Indeed, this new construction is located right by many hip and trendy restaurants such as Formosa and Winona\u2019s, fun nightlife such as parties at the House of Yes, and more.\u00a0<\/span><\/p>\n

Tenants of the MC can take advantage of the many amenities a co-working library lounge, a media and movie lounge, a gaming and billiards lounge, and indoor parking with electric vehicle charging stations. Those who like to work out can either sign up for memberships at any of the local fitness centers nearby (such as Planet Fitness or Blink) or enjoy the building\u2019s state-of-the-art fitness center. Those with pets will be comforted to know that they will be as well taken care of as you are with access to a private dog run and pet washing station. Finally, take advantage of the rest of summer and enjoy some fresh air on the MC\u2019s 2nd-floor amenity terrace or the roof deck with lounging, sunbathing, BBQs, and more.\u00a0<\/span><\/p>\n

For those who need to commute, the building is conveniently located right down the block<\/a> from the Myrtle Av train station, serviced by the J, M, and Z lines.\u00a0<\/span><\/p>\n

New Apartment in the Bronx<\/span><\/h3>\n

One38 (<\/span>138 Bruckner Blvd, Bronx, New York, 10454<\/span><\/a>)<\/span><\/h4>\n
\"Photo
Photo courtesy of One38<\/a><\/figcaption><\/figure>\n

Conveniently located near the 6 train at Brook Av station<\/a>, One38 is Mott Haven\u2019s newest addition to the Bronx<\/a>. Mott Haven has everything that one would need to relax after a long day in the office. It’s also only a 20-minute commute to Midtown<\/a>. Stop by the Mertz Library to borrow a quick book, then head on by to any of the local parks nearby for some light reading. Alternatively, hit up the Hudson Smoke House for some of their delicious brisket. Then close out the day with some free pool and $9 classic cocktails at the Bar at 47 Bruckner.\u00a0<\/span><\/p>\n

If this sounds like the idyllic lifestyle for you then you\u2019ll be even more surprised by the amenities offered to you by One38. Building amenities include an incredible wellness center that comes with a heated Olympic-sized swimming pool, fitness center, sauna & steam room, basketball court, and yoga room. Looking for some summer fun? Enjoy the rooftop tennis and pickleball courts, alongside BBQ grills and sunbathing cabanas. Alternatively, check out the expansive courtyard which comes with its own private dog run, a children\u2019s park, fire deck pits, and more. This is a building that you won\u2019t want to miss out on. Units at this new apartment in the Bronx, NYC started leasing in late Spring through the leasing team at Nooklyn.\u00a0<\/span><\/p>\n

Learn more:<\/p>\n