United States Real Estate Investor

How Big Are New Apartments by Borough? Across the three boroughs covered, new apartments remained compact in 2024. Average sizes stayed well below 750 square feet and differed only modestly. Manhattan posted the largest average at 737 square feet. Brooklyn followed at 712, while Queens trailed at 692. RentCafe said Queens had the smallest average for new apartments among all NYC boroughs. Separately, housing markets elsewhere are adjusting to mandatory inspections under new state rules. The spread was narrow—just 45 square feet from highest to lowest. That underscores how tightly grouped borough trends were. Decade Signals Manhattan was the only borough to record growth over the past decade. Its average rose 16 square feet from 721. Brooklyn declined by 21 square feet from about 733. Queens fell 32 square feet from roughly 724. These figures suggest amenity impact may not outweigh borough-specific development patterns. Even so, all three markets remained compact in newly built housin...

What JPI and Stream Plan at 400 4th Ave W At 400 4th Ave. W, JPI and Stream Real Estate plan a 189-unit Class A residential project in Uptown. It marks their second Seattle venture together after announcing the acquisition on March 17, 2026. Nationally, office conversions have accelerated as developers respond to shifting demand shaped by remote work and housing needs. The 0.7-acre corner site was purchased for $7.8 million through a receiver's deed sale. Weber Thompson is designing the approximately 226,749-square-foot development. Design Strategy The sloping parcel drops 40 feet, and the building is planned to step into the hillside to improve views and unit placement. That approach also supports transit integration and stronger community engagement in a dense urban setting. Units are positioned to capture iconic views of Puget Sound, Downtown Seattle, and the Space Needle. The project is aimed at addressing a shortage of larger urban apartments. About one-quarter of planned ho...