Future Trends: Visualizing NYC’s Real Estate Developments with PropertyShark’s Construction Pipeline Feature

In today’s fast-paced real estate industry, professionals require reliable data and time-saving tools to stay ahead of the curve and up-to-date construction pipeline data can provide unparalleled insights into a market’s latest real estate developments. PropertyShark’s Construction Pipeline feature offers a quick way to visualize and analyze new real estate developments in New York City by providing a comprehensive and user-friendly tool to navigate the city’s new construction projects.

Whether you’re a developer seeking new opportunities, an investor aiming to make informed decisions, or a real estate professional looking to enhance your market analysis, this powerful tool provides the data and visualization capabilities you need. Discover how the Construction Pipeline feature can streamline your research, save time and improve your decision-making processes.

What Is the Construction Pipeline Feature?

The Construction Pipeline feature from PropertyShark is designed to provide insights into the status and progress of new real estate developments across New York City. The feature aggregates data from a wide range of official sources to present a comprehensive view of ongoing and upcoming construction projects.

Traditional methods of finding under-construction projects rely on time-intensive, manual research that requires professionals to go one by one through documents filed with the city, and sometimes even on-site research.

But now, with PropertyShark’s Construction Pipeline feature, industry professionals can visualize all new construction projects and their development status in just a few clicks, as well as some project details such as footprint, number of units and future use — generally, the further along the development pipeline a project is, the more details will be available.

Simply filter and sort your property searches according to the target property type, location, lot size and a host of other criteria to instantly view new real estate developments in NYC. For more building and/or site information, access comprehensive property reports directly from your search results.

Development Stages

In order to highlight new developments and offer instant overviews of development stages, the feature categorizes construction projects into four main types:

1. Prospective: Projects that are in the planning stage and have been filed with the Department of Buildings (DOB) but have not yet started construction.
2. Planned: Projects that have been officially filed and have received initial approvals but are not yet under active construction.
3. Under Construction: Projects where permits have been issued and construction can and/or has already begun.
4. Recently completed: Projects that have been finished in the past 12 months and are ready for occupancy or are already in use.

Official Data Sources, Updated Daily

PropertyShark’s Construction Pipeline feature aggregates and organizes data from multiple official, verified sources, including the New York City DOB, real estate permits and a wide range of public records, as well as media articles, official brochures and more. Additionally, data is updated daily, ensuring the most accurate and recent information about new construction projects in NYC.

Data for new commercial developments of 10,000 square feet and over is also manually researched and validated to ensure the utmost accuracy.

Get Construction Projects with a Just a Few Clicks

Instead of manually researching online databases or actual physical permit filings, PropertyShark’s Construction Pipeline tool streamlines your construction research. With a variety of filters and search criteria, it empowers you to easily focus on specific asset types or projects only in certain neighborhoods or areas.

Advanced Filtering from Property Lists

To ensure maximum research efficiency, you can sort and filter property lists by a wide range of criteria, including development stage; city, neighborhood or even street; by building and lot size; number of units; building class; debt; sales; distress; zoning; and year built, among others.

You can even search for properties by available air rights, their inclusion in opportunity zones, their tax class or even by customized tags that you create because the Construction Pipeline tool is integrated with the broader database of PropertyShark. This allows for a seamless and efficient user experience and also results in more targeted and refined searches.

Export Lists and Save Searches

You can also export lists of construction projects and save your searches for future reference. This functionality is particularly useful for ongoing projects or users who need to track multiple new developments over time. It also simplifies the process of creating customized reports for clients, presentations or further analysis.

You can revisit saved searches at any time to track changes and updates, add properties to watchlists and receive updates on them and create private, custom tags to sort and filter your target properties.

Map View: NYC Construction Pipeline at a Glance

One of the standout features of PropertyShark’s Construction Pipeline is the map layer, which provides an instant visual representation of construction projects across NYC. This map layer allows users to see the geographic distribution of new developments and quickly identify areas with high construction activity, as well as those with space for more development, especially when combined with other layers.

You can access the construction pipeline layer on PropertyShark’s Maps section by clicking the “Get More Maps” button. Beyond filtering by the development stage of a construction project, you can also apply filters similar to those available in the Property Lists tool.

On top of that, you can also pull in dozens of other map layers, including school maps, distressed properties, daily traffic, parking space availability, FEMA flood zones, special districts, crime incidents, tax values, public transportation, recent sales and much more. This filtering capability allows you to focus on specific areas or types of projects.

Why use the map layer?

• Instant visualization: Provides a clear and immediate view of construction activity across NYC.
• Development density: Helps identify areas with a high density of new development projects, aiding in market analysis and decision-making.
• Target-area analysis: Enables users to focus on specific neighborhoods or regions for valuable insights for strategic planning.

Access Individual Property Records

Whether you’re researching new construction projects through the Property Lists tool or via the map view, you can always access an individual project’s property report by clicking on the address or map parcel. This integration provides a seamless research experience that ensures all relevant information is easily accessible in one place.

Property reports include not only the status of construction projects, but also property characteristics (including size, debt and sales); true ownership data, complete with contact details and the real owner behind LLC-held properties; site characteristics (such as lot size, zoning, FAR, restrictions and potential risk); and much more.

Visualizing NYC’s Real Estate Development Landscape: How Appraisers, Brokers, Developers & Investors Can Benefit

Easy access to reliable construction data and pipeline status highlights trends and information at a glance, which enables all types of real estate professionals to identify new opportunities. It also streamlines the decision-making process.

Regardless of your role in real estate, the Construction Pipeline feature allows for:

• Easier prospecting and viewing: Real estate professionals can quickly identify and access relevant projects, which saves time and effort compared to traditional methods.
• Data-driven decisions: The advanced filtering capabilities of the feature allow users to narrow their search with a level of customization that ensures users find exactly what they’re looking for.
• Timesaving: By consolidating information from multiple sources and providing easy access through a user-friendly interface, the feature significantly reduces the time required to gather and analyze data on construction projects.

Beyond these general benefits, industry specialists can leverage the feature to gain role-specific advantages, as well as simplify procedures and due diligence processes specific to their role in real estate.

Appraisers

• Improved accuracy: Access information about ongoing and completed projects to increase the accuracy and reliability of property appraisals.
• Investment analysis: Examine current and future construction projects to evaluate the viability and cost of potential new opportunities.

Brokers

• Elevate client services: Customized searches empower you to meet specific client needs that ensure a more personalized and efficient service, fostering stronger client relationships.
• Enhanced market knowledge: Identify emerging neighborhoods and new developments to bring clients the newest opportunities in a highly competitive market.
• Increased deal volume: Enhanced market expertise and the ability to foster stronger client relationships ultimately drive more successful transactions.

Contractors

• Competitive edge: Identify upcoming developments before your competition and place your bid early to boost your chances of winning contracts.
• Client selection: Find new construction projects quickly to identify potential clients, get their contact information and connect with decision-makers.
• Sustainable planning: Project insights elevate your bid selection and resource allocation, fostering sustainable planning that optimizes project outcomes.

Developers

• Site selection: Stay on top of trends and emerging areas and leverage them against project specs and site characteristics to identify prospective development sites.
• Monitor competitors: Gain insights into competing projects and market trends to plan strategically for the highest returns.
• Regulatory compliance: Use zoning information, development density, and property data to meet all regulatory requirements and permitting processes.

Investors

• Capitalize on demand: Analyze construction data at both the macro and micro levels to identify industry sectors, submarkets and asset classes with unmet needs. Go more granular to pinpoint niche opportunities with high growth potential.
• Effective capital distribution: Compare objectives and risk tolerance against construction and pipeline data, as well as property insights to identify the projects that best align with your investment goals.
• Portfolio care: Analyze current construction data across markets and asset classes to find new real estate investment opportunities; focus or diversify your holdings; and consolidate or expand your portfolio.

Streamline Your Research & Save Time with PropertyShark’s Construction Pipeline

PropertyShark’s Construction Pipeline is a powerful feature that offers unparalleled insights into NYC’s new construction projects and overall development pipeline, empowering you to make better decisions, save time and stay ahead of market trends. Whether you’re a developer, investor, appraiser, or broker, the Construction Pipeline feature offers invaluable insights and functionalities that can transform your research process and increase revenue.