Where Buyers Should Look in 2023 for the Best NYC Condo Incentives

Now is maybe the best time to buy in New York City. If your looking for your first home in New York, you can benefit from many incentives for your new home. We’re happy to share with you some of the many new developments across NYC continuing to offer incentives in 2023 to lure buyers and drive deals

Brooklyn Point and One Manhattan Square

Due to rising interest rates and in order to help potential buyers bring down their monthly costs, Extell Development is offering buyers a rate rewind incentive at both Brooklyn Point in Downtown Brooklyn and One Manhattan Square on the Lower East Side. Now through the end of Q1 2023, the developer will buy down buyers' mortgage interest rates by 2% annually for the first 3 years of their mortgage.

Photo courtesy of Evan Joseph

505 West 43

Located on Manhattan’s blossoming Far West Side, 505 W 43 – the boutique luxury condo with architecture by ODA New York and interiors by Lemay & Escobar – offers a collection of 122 stylish studio to three-bedroom residences complemented by a robust suite of hotel-level amenities. Now through March 31st, 505 W 43 is offering incentives on two- and three-bedroom residences with two years of common charges paid for buyers. 

Photo courtesy of VHT Studios.

547 West 47th Street

Designed by the acclaimed Amsterdam-based firm Concrete, 547 West 47th Street is a transformative, move-in-ready luxury condominium located on 11th Avenue between 47th and 48th Streets, just blocks from Hudson Yards and the Hudson River waterfront. One of the best-selling projects for the third quarter of 2022, 547 West 47th Street features 219 studio to two-bedroom residences with professionally-designed turnkey home packages available and brings more than 30,000 square feet of massively-scaled, multi-level amenities and lifestyle services known as The West Residents Club to the heart of Manhattan's West Side. With closings now underway and remaining residences priced from $765,000 and available for immediate occupancy, 547 West 47th Street is offering buyers two years of sponsor-paid common charges now through the end of March. 

Photo courtesy of Max Burkhalter

Front & York

Designed inside and out by celebrated architect Morris Adjmi, Front & York is a transformational development that brings new homes, retail and parking to DUMBO, Brooklyn. The development currently offers an incentive that will pay two years of common charges as well as sponsor-paid transfer taxes for buyers. 

Photo courtesy of Christian Harder

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