New construction in Brooklyn

Buildings I'm watching

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Compiled from public filings, news coverage and listing sites; prices as of October 2026 and subject to change. Ask me for current availability.

What's different about buying new

• You buy from a sponsor under an offering plan. The developer files the plan with the New York Attorney General. It and its amendments set out what you're actually getting, so read them with your attorney, not just the brochure.
• Closing costs run higher. New development buyers often pay the city and state transfer taxes a seller would normally cover, plus the sponsor's attorney fee and a working capital contribution to the building. Budget 5% or more of the price.
• Deposits are bigger and wait longer. Expect 10% to 20% down at contract, held in escrow. If you buy before the building is finished, closing can be months or more away, timed to the certificate of occupancy.
• Financing depends on the building too. Lenders look at how many units have sold, so an early buyer may have fewer loan options.
• Watch the tax abatement. Some new buildings carry a property tax abatement that phases out. Ask for the schedule, because your monthly costs rise as it ends.
• There's room to negotiate. Sponsors sometimes pay transfer taxes, offer closing credits or upgrade finishes, especially on the last units in a building.
• Walk the punch list. Before closing you inspect the unit and list what needs fixing. Get it in writing.

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