New development in New York City’s outer boroughs fell into a lull in 2025.  Elevated interest rates and high land prices have made ground-up development more difficult to pencil out, and Brooklyn and Queens saw scaled-back condo filings in response.  The total unit count of the 10 priciest developments declined 36 percent this year from 2024, from 980 to 628. Total projected sellout of the top 10 also declined 34 percent year over year, from $1.4 billion to $918 million.  In Brooklyn, the listing inventory for new development condos in the third quarter declined year over year by nearly 25 […]

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