TRD Program Guide May 2015 by The Real Deal

NEW DEVELOPMENT

SHOWCASE GUIDE TO NYC CONDOS & EVENT PROGRAM TUESDAY, MAY 12, 2015 | THE METROPOLITAN PAVILION 125 WEST 18TH STREET IN CHELSEA | 12 TO 6 P.M.

OWN NYC.

FULLY-FURNISHED ONE-BEDROOM LUXURY CONDOMINIUM RESIDENCES For the first time, AKA intends to introduce a limited release of condominium residences at AKA United Nations—a rare opportunity to acquire ownership in the world’s most recognized luxury extended-stay brand. Anticipated in Summer, 2015.

AKA UNITED NATIONS 234 EAST 46TH STREET, NYC AKAUNITEDNATIONS.COM 917.546.4747

AKA STYLE.

Exclusive sales by Prodigy Realty Developed by Korman Communities/Prodigy Network This advertisement is not an offering. It is a solicitation of interest in the advertised property. No offering of the advertised units can be made and no deposits can be accepted, or reservations, binding or non-binding, can be made until an offering plan is ďŹ led with the New York State Department of Law. This advertisement is made pursuant to Cooperative Policy Statement No. 1, issued by the New York State Department of Law (CP14-0119). Property address is 234 East 46th Street, New York, NY 10017. Sponsor Name: 234 East 46th Street. Property Owner LLC. Sponsor Address: 40 Wall Street, New York, NY 10005. Equal Housing Opportunity.

Welcome to the Showcase! MAGAZINE NEW YORK REAL ESTATE NEWS

PUBLISHER AMIR KORANGY EDITOR-IN-CHIEF STUART W. ELLIOTT RESEARCH SUN YU, ADAM PINCUS DESIGN JUAN ZIELASKOWSKI, KEZIAH MAKOUNDOU CONTRIBUTORS GREG MORCROFT, JENNIFER WHITE KARP PRODUCTION COORDINATOR VICTORIA TUTURICE DIRECTOR OF MARKETING OPERATIONS YOAV BARILAN NATIONAL SALES DIRECTOR ROSS FOX ADVERTISING SALES ERAN EVRON, NICK MASCARO, ROBERT STEARNS, NICKI CHADI, SIGALIT LEVI, MARCUS GUEST, CHRIS CUOMO, BARRY HOLLAND, FRANKIE GRIMA, JUSTIN O’GARROW DIRECTOR OF DIGITAL SALES JUNAID ZAHID ASSOCIATE WEB DEVELOPER AMIR GHAHERI FINANCE DIRECTOR/HR KENNETH CYRUS

ike the skyline itself, the new development market in Manhattan keeps reaching higher and higher — in both pricing and height.

There is a dramatic increase in the number of new condos that will be hitting the market this year — more than 6,000 new units, compared to 2,400 in 2014, according to reports. That’s approaching the level seen during the height of the last boom, making for plenty of opportunities for investors, brokers and everyone else in the business of NYC real estate.

Visit the many projects on display, come listen to our panelists and check out the guide to new condos in these pages. Rather than have you schlep around the city, The Real Deal and Luxury Listings NYC wanted to bring the projects to you, so you can see what’s on the market all under one roof. We are proud to present our New Development Showcase, with more than 30 exhibitors from New York City and Miami. A full list of sponsors is on page 10. In this guide, you’ll also find a comprehensive look at new condos currently on the market in Manhattan, on pages 12 to 70. It’s a great resource we think you’ll use well beyond this event. Finally, don’t miss our four panels today. The first explores how long the current cycle will last, and the depth of demand for luxury housing. Later panels explore the increasing activity of foreign buyers, particularly the Chinese, as well as the role of crowdfunding and other innovations in real estate financing. Finally, our last panel of the day will be a lighter one — sitting down with the cast of “Million Dollar Listing New York” to hear about their deals and life on the small screen. A list of panelists and times can be found on page 8. Enjoy the Showcase! Stuart W. Elliott, Editor-in-Chief

OFFICE MANAGER VIRGINIA DURSO CIRCULATION PAUL DESTANKO DISTRIBUTION MITCHELL NEWMAN, PATRICIA HOFMANN, FORERO EXPRESS ATTORNEY BARRY J. FRIEDBERG TRACHTENBERG RODES & FRIEDBERG LLP ACCOUNTANTS WILLIAM T. MCCALLUM, CPA, P.C., CHRISTINE WANG

The Real Deal is a registered trademark of Korangy Publishing Inc. Copyright © 2015. Call 212-260-1332 or e-mail news@therealdeal.com. Warning: It is illegal to photocopy or reproduce any part of The Real Deal without express written consent. For reprints and duplication rights, call 212-260-1332. Principal ofﬁce: 158 West 29th St., New York, NY 10001. The Real Deal is published monthly. Annual subscriptions cost $95. Send check or money order to 158 West 29th St., New York, NY 10001.

6 | Real Estate Showcase | TheRealDeal.com

INSIDE p8: Panels at the Showcase P10: Sponsored Projects and Companies at the Showcase p12: Guide to New Manhattan Condo Projects on the Market p74: Ranking the Priciest Condos

INTRODUCING THE 2015 ISSUE OF

Spotlight: 6JG 5QWVJ QH (KHVJ .WZWT[ %QPFQ /CTMGV REAL ESTATE MARKET REPORT

South Beach is well known for its high-end restaurants, condo towers

the exclusive SoFi (South of Fifth) pocket, a very small concentration

and breathtaking views of Biscayne Bay, Downtown Miami and the

of luxury condo developments. South of Fifth is considered the most

Atlantic Ocean. The northern section of South Beach includes Lincoln

high-end condo market in Miami Beach, providing residents with a

Road and is considered by some to be the cultural center of Miami

quieter lifestyle than that of the northern South Beach section. South

Beach. There are countless boutique hotels, resorts and condo towers

of Fifth is also home to some of Miamiâ&#x20AC;&#x2122;s best restaurants and South

lining the beaches on the east side of Collins Avenue. South Beach

Pointe Park, a resident favorite featuring the new, 450-foot South

also contains the New World Symphony, the United Statesâ&#x20AC;&#x2122; only full-

Pointe Pier, ample walkways and spectacular views of Fisher Island

time orchestral academy. The southern section of South Beach offers

and the cruise ships leaving Miami through Government Cut.

South of Fifth, South Beach | Luxury Condominium Market 2014 Statistics

Apogee

Continuum South

Continuum North

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Murano Grande

Icon South Beach

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Average Sell Price ^ $7.24M

Average Sell Price ^ $4.93M

Average Sell Price ^ $2.57M

Average Sell Price ^ $2.65M

Average Sell Price ^ $2.41M

Average Sell Price ^ $2.59M

Average Sell Price ^ $2.00M

Avg. PPSF ^ $2,333

Avg.PPSF ^ $2,003

Avg. PPSF ^ $1,651

Avg. PPSF ^ $1,354

Avg. PPSF ^ $1,113

Avg. PPSF ^ $1,061

Avg. PPSF ^ $1,036

g 0.6% since 2013

g 38.0% since 2013

g 18.6% since 2013

g 15.1% since 2013

g 21.8% since 2013

g 21.2% since 2013

g 6.5% since 2013

g 81.4% since 2010

g 137.9% since 2010

g 60.3% since 2010

g 79.0% since 2010

g 92.9% since 2010

g 105.3% since 2010

g 82.4% since 2010

P L E A S E V I S I T O N E S O T H E B Y S R E A LT Y. C O M / T R E N D S T O A C C E S S T H E F U L L R E P O R T. 888.998.5560 INFO@ONESOTHEBYSREALT Y.COM i//:8 10' 5QVJGD[ĹÜ +PVGTPCVKQPCN 4GCNV[ NKEGPUGF TGCN GUVCVG DTQMGT 5QVJGD[ĹÜ +PVGTPCVKQPCN 4GCNV[m KU C NKEGPUGF VTCFGOCTM VQ 5QVJGD[ĹÜ +PVGTPCVKQPCN 4GCNV[ #HĆ&#x2019; NKCVGU ..% #P 'SWCN 1RRQTVWPKV[ %QORCP[ 'SWCN *QWUKPI 1RRQTVWPKV[ 'CEJ 1HĆ&#x2019; EG KU +PFGRGPFGPVN[ 1YPGF CPF 1RGTCVGF 5VCVKUVKEU RTQXKFGF D[ +PVGITC 4GCNV[ 4GUQWTEGU Ĺ¤ /KCOK>2CNO $GCEJ 2GTEGPVCIG EJCPIG DCUGF QP RTKEKPI RGT USWCTG HQQV 6JG KPHQTOCVKQP EQPVCKPGF JGTGKP KU FGGOGF CEEWTCVG DWV PQV IWCTCPVGGF

N E W CTa O Nl k DO i nS gPH L AeNaNdEs D FOR: AVENTURA

Today’s Panels 12:30 PM – 1:15 pm LUXURY DEVELOPMENT How high can we go? Anticipating where the market is headed in this cycle.

Amir Korangy (moderator) Publisher of The Real Deal

Ziel Feldman

Joe Moinian

Adrienne Albert

Izak Senbahar

HFZ Capital Group Chairman & Founder

Moinian Group President & CEO

The Marketing Directors Founder & CEO

Alexico Group CEO

1:45 PM – 2:30 pm FOREIGN INVESTMENT/EB-5 A look at China and other countries that are bullish on the NYC market and how EB-5 ﬁnancing is impacting development

Stuart Elliott (moderator) Editor-in-Chief of The Real Deal

John Liang Xinyuan Real Estate Co. Managing Director of U.S. Operations

Nicholas Mastroianni II U.S. Immigration Fund President

Nikki Field

Mona Shah

Jeffrey Dvorett

Sotheby’s International Realty Senior Global Real Estate Advisor

Mona Shah & Associates Principal

Kuafu Properties Head of Development

3:00 PM – 3:45 PM CROWDFUNDING/FINANCING PROJECTS A look at how technology and changes in lending standards have led to innovations in real estate funding

Hiten Samtani (moderator) Managing Web Editor of The Real Deal

Marty Burger

Daniel Miller

Rodrigo Nino

Silverstein Properties CEO

Fundrise Co-founder & President

Prodigy Network CEO Sharestates Co-founder and Principal

4:15 PM – 5:00 PM “MILLION DOLLAR LISTING NEW YORK” Q&A A discussion with the reality TV stars about life in the broker fast lane

Cheryl Casone (moderator)

Fredrik Eklund

Ryan Serhant

Luis Ortiz

Douglas Elliman

Nest Seekers

Douglas Elliman

Fox News anchor 8 | Real Estate Showcase | TheRealDeal.com

Allen Shayanfekr

Finding the right home for your clients starts with ﬁnding the right home loan. Citibank offers you: ■

Special non-warrantable condo programs to meet your clients’ needs.

■

A SureStart® Pre-Approval1 to help your clients shop with conﬁdence, knowing their ﬁnancing is secure.

■

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■

A dedicated builder platform providing support to your clients.

To learn more about working with Citibank, please contact: Brad Wayman Divisional Lending Executive 212-559-4601 bradley.wayman@citi.com NMLS# 1240753

Terms, conditions and fees of accounts, programs, products and services are subject to change. This is not a commitment to lend. All loans are subject to credit and property approval. Certain restrictions may apply on all programs. 1 SureStart is a registered service mark of Citigroup Inc. Final commitment is subject to verification of information, receipt of a satisfactory sales contract on the home your client wishes to purchase, appraisal and title report, and meeting our customary closing conditions. This offer is not a commitment to lend and is subject to change without notice. There is no charge for the SureStart pre-approval, but standard application and commitment fees apply. 2 If your client is purchasing a home, we guarantee to close by the date specified in the purchase contract, unless prohibited by federal law*, and further provided that the date is at least 30 days after the application date and the date of the purchase contract. If the loan fails to close on time due to a delay by Citibank, your client will receive a credit towards closing costs of $1,500. Offer not available for refinance loans, co-ops, unapproved condos, residences under construction, community lending loans, and government loans. In Texas, the credit may not result in your client receiving cash back. (*Federal law requires certain disclosures be delivered to the borrower at least 3 business days before consummation. The guarantee to close does not apply if such disclosures are required and the closing is delayed due to the 3 business day waiting period.) © 2015 Citibank, N.A. Equal Housing Lender, Member FDIC. NMLS# 412915. Citi, Citibank, Arc Design and Citi with Arc Design are registered service marks of Citigroup Inc.

Our Sponsors

A list of who’s who at the Showcase: ARX SOLUTIONS BH3 DEVELOPMENT/PRIVÉ ISLAND BOND REAL ESTATE/ THE ROSE MODERN

NEST SEEKERS INTERNATIONAL/ RYAN SERHANT TEAM/242 FIFTH AVENUE AND 225 EAST 81ST STREET NYC LUXURY DEVELOPMENTS

BOSCH

OPULENCE INTERNATIONAL REALTY/IN MARE

CITIBANK

PRODIGY REALTY/AKA UNITED NATIONS

CONSULTATIO REAL ESTATE/OCEANA BAL HARBOUR

RINALDI GROUP ROCKROSE

COUGHLIN INSURANCE SERVICES SHARESTATES.COM EVERBANK THE ATLANTIS ORGANIZATION GAGGENAU HSBC

THE STEVEN L. NEWMAN REAL ESTATE INSTITUTE AT ZICKLIN SCHOOL OF BUSINESS, BARUCH COLLEGE

IN-SITE INTERIOR DESIGN TRUMP RESIDENCES TORONTO KARAKO CLOTHIERS TUI LIFESTYLE LUIS D. ORTIZ/353 CPW, 92 LAIGHT, 49 CARMINE AND MIMA PENTHOUSE

U.S. IMMIGRATION FUND

MARCUM

VR GLOBAL REAL ESTATE

MONA SHAH & ASSOCIATES

10 | Real Estate Showcase | TheRealDeal.com

Rockrose.

Building upon excellence for 40 years and counting. The Archive New York City

300 Park Avenue South New York City

RESIDENTIAL

Linc LIC Long Island City

1776 Eye Street, NW Washington, DC

COMMERCIAL

1900 M Street, NW Washington, DC

4-85 47th Road Long Island City

RETAIL

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NNE EWW CCOONNDDOOS S OP N L TAHNEN EM D AF RO KR ET :: ACVHEENLTSUERAA

212 West 18th Street (Walker Tower) This 24-story building tower was converted to condos in 2012. Cameron Diaz famously snagged a unit in 2013 and a penthouse closed for $40.73 million last year in an all-cash deal, after going on the market in 2013 for $47.5 million, according to the Wall Street Journal, which said the buyers, a California couple, plan to use the 6,500-square-foot apartment as a pied-à-terre. NAME/ ADDRESS

212 West 18th Street (Walker Tower)

BROKER

Douglas Elliman

TYPE

Conversion

PRICE RANGE

$7,600,000 to $44,500,000

UNITS

SIZE RANGE

1,735 sq ft to 6,975 sq ft

UNITS FOR SALE

PPSF RANGE

$4,380 to $6,380

DEVELOPER

JDS Development Group & Property Markets Group

SALES START (FINISHED BY)

July 2012 (2013)

505 West 19th Street A pair of 10-story towers designed by Thomas Juul-Hansen at 505 West 19th Street straddle the High Line in West Chelsea — they’re connected by a lobby underneath. Several residences offer direct elevator entry and/ or private outdoor space and have views of the Hudson River, Midtown, and West Chelsea.

NAME/ ADDRESS

505 West 19th Street

BROKER

Corcoran Sunshine Marketing Group

TYPE

New construction

PRICE RANGE

$3,790,000 to $17,850,000

UNITS

SIZE RANGE

1,697 sq ft to 4,552 sq ft

UNITS FOR SALE

PPSF RANGE

$2,233 to $3,921

DEVELOPER

HFZ Capital

SALES START (FINISHED BY)

April 2014 (2015)

245 West 14th Street (Village Green West) Village Green West is a new eco-friendly, 12-story condo building between 7th and 8th avenues designed by KBA Architects. The top four floors are full-floor units. The building is aiming for LEED Gold certification for its water-conserving fixtures, energy-efficient appliances, high-performance windows and a heating and cooling system that is designed to cut energy costs in half. NAME/ ADDRESS

245 West 14th Street (Village Green West)

BROKER

Corcoran Sunshine Marketing Group

TYPE

New construction

PRICE RANGE

$7,250,000 to $7,500,000

UNITS

SIZE RANGE

2,713 sq ft to 3,038 sq ft

UNITS FOR SALE

PPSF RANGE

$2,672 to $2,469

DEVELOPER

Alfa Development

SALES START (FINISHED BY)

October 2013 (2015)

12 | Real Estate Showcase | TheRealDeal.com

Source: Streeteasy, TRD, news reports. Data as of April/May. List includes Manhattan condo projects that started sales since 2010 with units on market. Projects that started sales since 2010 that sold out or don’t have any listings on the market were excluded. “Price range,” “Size range,” “Price per square foot range” refer to units currently for sale. “Finished by” refers to construction completion date. List doesn’t include projects that haven’t started sales yet.

NNE EWW CCOONNDDOOS S OP N L TAHNEN EM D AF RO KR ET :: ACVHEENLTSUERAA

551 West 21st Street The 19-story, Foster + Partners-designed building at 551 West 21st Street is on track to be ﬁnished in the fall of 2015. The building features a private, gated drive court and a double-height lobby with grand chandelier. Sales launched in 2014 and the penthouse, which was in contract last year for $50 million, offers a 61-foot-long lap pool in its 4,000-square-feet of private outdoor space, as well as a terrace overlooking the Hudson River. NAME/ ADDRESS

551 West 21st Street

BROKER

Brown Harris Stevens

TYPE

New construction

PRICE RANGE

$7,250,000 to $40,000,000

UNITS

SIZE RANGE

2,984 sq ft to 6,137 sq ft

UNITS FOR SALE

PPSF RANGE

$2,430 to $6,518

DEVELOPER

Scott Resnick

SALES START (FINISHED BY)

February 2014 (2015)

508 West 24th Street After a jaunt through some of the city’s pricey new developments, New York Knicks star Carmelo Anthony bought an $11 million apartment at this Cary Tamarkin-designed development early this year. This project, which is adjacent to the High Line, was built to complement West Chelsea’s industrial-era warehouses and features over-sized casement window. Residences have 10-foot-high ceilings, master bathrooms with Italian Calacatta marble ﬂoors and Zuma soaking tubs. NAME/ ADDRESS

508 West 24th Street

BROKER

Stribling Marketing Associates

TYPE

New construction

PRICE RANGE

$9,250,000 to $12,500,000

UNITS

SIZE RANGE

3,018 sq ft to 3,318 sq ft

UNITS FOR SALE

PPSF RANGE

$3,065 to $3,767

DEVELOPER

Tamarkin Co.

SALES START (FINISHED BY)

June 2013 (2014)

560 West 24th Street This boutique project was designed with art collectors in mind and includes a 4,900-square-foot gallery. Apartments have wood-burning ﬁreplaces, built-in humidity controls and lighting created by a ﬁrm that lights museums and galleries. Most have walls reinforced to support heavy pictures and their frames. Each unit has three to four bedrooms and all offer private outdoor space. NAME/ ADDRESS

560 West 24th Street

BROKER

Compass

TYPE

New construction

PRICE RANGE

$7,950,000 to $12,650,000

UNITS

SIZE RANGE

3,165 sq ft to 3,217 sq ft

UNITS FOR SALE

PPSF RANGE

$2,512 to $3,932

DEVELOPER

Adam Gordon and Tavros Development

SALES START (FINISHED BY)

January 2014 (2015)

TheRealDeal.com | Real Estate Showcase | 13

NNE EWW CCOONNDDOOS S OP N L TAHNEN EM D AF RO KR ET :: ACVHEENLTSUERAA

138 West 19th Street (Modern 19) Erez Itzhaki, one of the developers of the 15-unit condominium project known as Modern 23 at 350 West 23rd Street is also the developer behind 138 West 19th, known as Modern 19. The project features an asymmetrical facade, and three ﬂoor-through units, one lower level duplex with a rear garden, and a duplex penthouse with a private roof terrace and hot tub. The one unit for sale in April 2015, the penthouse, is asking $2,081 per square foot. NAME/ ADDRESS

138 West 19th Street (Modern 19)

BROKER

Douglas Elliman

TYPE

New construction

PRICE RANGE

$4,995,000

UNITS

SIZE RANGE

2,400 sq ft

UNITS FOR SALE

PPSF RANGE

$2,081

DEVELOPER

Erez Itzhaki

SALES START (FINISHED BY)

June 2014 (2014)

NEW CONDOS ON THE MARKET: EAST VILLAGE/LOWER EAST SIDE

100 Norfolk Street Half of the 38 units at this 12-story building on the Lower East Side went into contract after one week on the market in October 2014. The dramatic glass building cantilevers over its neighbor to the south. Emma Hsieh, a Taiwanese-born real estate investor and club owner, bought a ﬁve-bedroom, $7 million penthouse condo there in February 2015 — a record price for the neighborhood, according to The New York Post. NAME/ ADDRESS

100 Norfolk Street

BROKER

Douglas Elliman

TYPE

New construction

PRICE RANGE

$1,150,000 to $4,895,000

UNITS

SIZE RANGE

647 sq ft to 1,928 sq ft

UNITS FOR SALE

PPSF RANGE

$1,777 to $2,539

DEVELOPER

Adam America, Naveh Shuster Group and the Horison Group

SALES START (FINISHED BY)

September 2014 (2016)

215 Chrystie Street Hotelier Ian Schrager described the design of 215 Chrystie, a hotelcondominium project, as “tough luxe,” according to the New York Times. The project mixes the use of concrete with the upscale accoutrements of hotel living, for a combination he called “refined gritty.” The hotel is expected to be finished by the winter of 2016, and floors 19 through 22 will each have two residences spanning about 2,300 square feet, while floors 23 through 25 will have full-floor, 4,700-square-foot penthouses. NAME/ ADDRESS

215 Chrystie Street

BROKER

Douglas Elliman

TYPE

New construction

PRICE RANGE

$7,250,000 to $18,750,000

UNITS

SIZE RANGE

1,977 sq ft to 4,236 sq ft

UNITS FOR SALE

PPSF RANGE

$3,667 to $4,426

DEVELOPER

Ian Schrager/The Witkoff Group

SALES START (FINISHED BY)

September 2014 (2016)

14 | Real Estate Showcase | TheRealDeal.com

NNE EWW CCOONNDDOOS S OP N L TAHNEN EM D AF RO KR ET :: E A S T V I L L A GAEV/ELNOT W UR EA R EAST SIDE

277 East 7th Street The facade of 277 East 7th Street is made of weatherized zinc panels and the building is steps from Tompkins Square Park. Each home features private outdoor space, living rooms with ﬂoor-to-ceiling glass windows and a built-in audio/visual system. The penthouse unit features a key-locked elevator that opens directly into the units and soaking tubs in the bathrooms.

NAME/ ADDRESS

277 East 7th Street

BROKER

Nest Seekers International

TYPE

New construction

PRICE RANGE

$1,150,000

UNITS

SIZE RANGE

770 sq ft

UNITS FOR SALE

PPSF RANGE

$1,494

DEVELOPER

Saddle Rock Equities

SALES START (FINISHED BY)

October 2014 (2015)

179 Ludlow Street This project, located just around the corner from Katz’s Delicatessen, broke ground in 2006 and sat half-built for many years until a new developer took over. The building offers six floor-through condos; units on the second through fifth floors have nearly 1,100 square feet with balconies at the front and rear and the second-floor unit has access to a private garden. The building is topped with a duplex penthouse with a private rooftop deck and a soaring double-height ceiling in the unit’s great room.

NAME/ ADDRESS

179 Ludlow Street

BROKER

Douglas Elliman

TYPE

New construction

PRICE RANGE

$1,950,000

UNITS

SIZE RANGE

1,069 sq ft

UNITS FOR SALE

PPSF RANGE

$1,824

DEVELOPER

ER Holdings

SALES START (FINISHED BY)

November 2014 (2015)

45 Great Jones Street Amenities at 45 Great Jones Street include direct elevator entry, bicycle storage and a back-up generator in case of a power failure. The building is also expected to receive National Green Building Standard certiﬁcation. The ground ﬂoor contains 2,500 square feet of retail space. One unit currently for sale at the Beyer Blinder Belledesigned project is a two-bedroom, two-bath, 1,579 square-foot unit for $2,925,000. NAME/ ADDRESS

45 Great Jones Street

BROKER

Great Jones Realty

TYPE

New construction

PRICE RANGE

$2,925,000

UNITS

SIZE RANGE

1,579 sq ft

UNITS FOR SALE

PPSF RANGE

$1,852

DEVELOPER

Lauto Group

SALES START (FINISHED BY)

November 2014 (2015)

TheRealDeal.com | Real Estate Showcase | 15

NNE EWW CCOONNDDOOS S OP N L TAHNEN EM D AF RO KR ET :: A FVL EA NT ITRUORNA

10 Madison Square West Investor Steven Witkoff purchased 10 Madison Square West, the former Toy Building, for $190 million in a 2011 auction. The developer sold 75 percent of the units within three months of launching sales. In April 2015 Witkoff said that a penthouse at the building created by combining two apartments went into contract for $35 million, a 21 percent premium over what they would have sold for separately.

NAME/ ADDRESS

10 Madison Square West

BROKER

Douglas Elliman

TYPE

Conversion

PRICE RANGE

$14,000,000

UNITS

125

SIZE RANGE

3,309 sq ft

UNITS FOR SALE

PPSF RANGE

$4,231

DEVELOPER

Vector Group Ltd

SALES START (FINISHED BY)

July 2013 (2015)

45 East 22nd Street The Kohn Pedersen Fox Associates-designed building is 64 stories and boasts a 360-degree view of the Manhattan skyline. Units on floors 55 and higher will span the entire floor while the 7,000-squarefoot penthouse will cover two floors. The 11 units for sale average $3,200 per square foot. The priciest unit, a four-bedroom, is asking $20.75 million. NAME/ ADDRESS

45 East 22nd Street

BROKER

Corcoran Sunshine Marketing Group

TYPE

New construction

PRICE RANGE

$2,600,000 to $20,750,000

UNITS

SIZE RANGE

1,091 sq ft to 4,655 sq ft

UNITS FOR SALE

PPSF RANGE

$2,383 to $4,458

DEVELOPER

Continuum Co.

SALES START (FINISHED BY)

October 2014 (2016)

400 Park Avenue South This project is something of an anomaly: part rental and part condo. Christian de Portzamparc, the French architect of One57 and the LVHM Tower, both on 57th Street, designed 400 Park Avenue South, where the bottom 22 ﬂoors have 269 rental apartments developed by Sam Zell’s Equity Residential. The top 18 ﬂoors offer 81 condominium apartments developed by Toll Brothers City Living.

NAME/ ADDRESS

400 Park Avenue South

BROKER

Toll Brothers City Living

TYPE

New construction

PRICE RANGE

$1,519,990 to $6,543,990

UNITS

SIZE RANGE

664 sq ft to 2,813 sq ft

UNITS FOR SALE

PPSF RANGE

$2,289 to $2,326

DEVELOPER

Toll Brothers City Living

SALES START (FINISHED BY)

September 2014 (2015)

16 | Real Estate Showcase | TheRealDeal.com

NNE EWW CCOONNDDOOS S OP N L TAHNEN EM D AF RO KR ET :: A FVL EA NT ITRUORNA

35 West 15th Street (35XV) This 26-story building developed by Alchemy Properties and designed by FX Fowle will house Xavier High School up to the fifth floor, above which the residential condos will rise. Units feature Miele appliances, white lacquer Poggenpohl cabinetry and marble countertops in the kitchen, as well as steam showers and deep soaking tubs in the bathroom. Residents will have access to personal wine storage, a health and fitness center and a roof terrace. NAME/ ADDRESS

35 West 15th Street (35XV)

BROKER

Douglas Elliman

TYPE

New construction

PRICE RANGE

$6,105,000 to $7,260,000

UNITS

SIZE RANGE

2,387 sq ft to 2,657 sq ft

UNITS FOR SALE

PPSF RANGE

$2,558 to $2,732

DEVELOPER

Alchemy Properties

SALES START (FINISHED BY)

March 2013 (2015)

241 Fifth Avenue (241Fifth) This project is a full-service boutique condominium with a 24-hour doorman, concierge, rooftop terrace, ﬁtness center, yoga room, resident lounge and a private treatment room for massages. The rooftop deck and the top ﬂoors of the development have been set back from the street, allowing for terraced, duplex apartments.

NAME/ ADDRESS

241 Fifth Avenue (241Fifth)

BROKER

CORE

TYPE

New construction

PRICE RANGE

$1,390,000

UNITS

SIZE RANGE

593 sq ft

UNITS FOR SALE

PPSF RANGE

$2,344

DEVELOPER

Victor Homes

SALES START (FINISHED BY)

April 2013 (2013)

NEW CONDOS ON THE MARKET: GREENWICH VILLAGE/WEST VILLAGE

140 West 12th Street (The Greenwich Lane) This project is part of The Greenwich Lane development at the site of the former St. Vincent’s Hospital, which encompasses nearly a whole city block. At 140 West 12th Street, many of the one- to ﬁve-bedroom residences have terraces that overlook West 12th Street or a central garden. This address also includes three duplex maisonettes and ﬁve penthouse residences. NAME/ ADDRESS

140 West 12th Street (The Greenwich Lane)

BROKER

Corcoran

TYPE

New construction

PRICE RANGE

$18,750,000 to $25,000,000

UNITS

200

SIZE RANGE

4,027 sq ft to 4,636 sq ft

UNITS FOR SALE

PPSF RANGE

$4,656 to $5,393

DEVELOPER

The Rudin Family/ Global Holdings, Inc.

SALES START (FINISHED BY)

November 2013 (2016)

TheRealDeal.com | Real Estate Showcase | 17

NNE EWW CCOONNDDOOS S OP N L TAHNEN EM D AF RO KR ET :: G R E E N W I C H VAI LV LEANGT EU/RW A EST VILLAGE

421 Hudson Street (The Printing House) The former industrial building at 421 Hudson Street, which was converted from rentals to condos, features 60 one- to four-bedroom luxury condominium units, three maisonettes and two townhouses. Residences offer 15-foot ceilings, double-height living rooms and 11-foot windows. Amenities include a full-time doorman, luxury concierge services and a landscaped private mews. NAME/ ADDRESS

421 Hudson Street (The Printing House)

BROKER

Corcoran

TYPE

Conversion

PRICE RANGE

$2,100,000 to $2,695,000

UNITS

SIZE RANGE

935 sq ft to 1,257 sq ft

UNITS FOR SALE

PPSF RANGE

$2,144 to $2,246

DEVELOPER

Myles Horn, Belvedere Capital Management and Angelo, Gordon & Co.

SALES START (FINISHED BY)

March 2013 (2015)

36 Bleecker Street (The Schumacher) Once home to the Schumacher & Ettlinger printing company, this building is now home to art aﬁcionados like real estate developer and art collector Aby Rosen, and Alberto Mugrabi, who reportedly owns the world’s largest collection of Andy Warhol paintings. The building has an art curator who commissioned works by artists like Jose Parla and Christophe Come to be permanently displayed.

NAME/ ADDRESS

36 Bleecker Street (The Schumacher)

BROKER

Douglas Elliman

TYPE

Conversion

PRICE RANGE

$10,500,000

UNITS

SIZE RANGE

3,127 sq ft

UNITS FOR SALE

PPSF RANGE

$3,358

DEVELOPER

Stillman Development International

SALES START (FINISHED BY)

April 2013 (2015)

10 Bond Street This downtown building on the edge of Greenwich Village designed by Annabelle Selldorf has been called one of the architect’s best works to date. Developed by SK Development, Ironstate Development and the Chetrit Group, it is modular and rectilinear in a way that recalls Jean Nouvel’s 40 Mercer Street. The building’s two listed units are priced at $4,550,000 and $7,100,000. NAME/ ADDRESS

10 Bond Street

BROKER

Corcoran Sunshine Marketing Group

TYPE

New construction

PRICE RANGE

$4,550,000 to $7,100,000

UNITS

SIZE RANGE

1,866 sq ft to 2,775 sq ft

UNITS FOR SALE

PPSF RANGE

$2,438 to $2,559

DEVELOPER

SK Development, Ironstate, and The Chetrit Group

SALES START (FINISHED BY)

April 2014 (2015)

18 | Real Estate Showcase | TheRealDeal.com

NNE EWW CCOONNDDOOS S OP N L TAHNEN EM D AF RO KR ET :: G R E E N W I C H VAI LV LEANGT EU/RW A EST VILLAGE

37 East 12th Street Edward J. Minskoff’s six-unit 37 East 12th Street will be completed this summer. This swath of Greenwich Village has several new luxury projects coming to market. Renderings of the project show barrel-vaulted ceilings, double-hung windows, chevron-patterned wood floors, and exotic materials, such as marble “reclaimed from the original Museum of Modern Art facade.” There’s also a humidification system to maintain a suitable climate for fine artwork. NAME/ ADDRESS

37 East 12th Street

BROKER

Douglas Elliman

TYPE

Conversion

PRICE RANGE

$9,350,000 to $17,750,000

UNITS

SIZE RANGE

3,028 sq ft to 5,886 sq ft

UNITS FOR SALE

PPSF RANGE

$3,016 to $3,088

DEVELOPER

Edward J. Minskoff Equities

SALES START (FINISHED BY)

November 2014 (2015)

NEW CONDOS ON THE MARKET: HARLEM/UPTOWN

23 West 116th Street (The Adeline) The Adeline is a full-service, 24-hour doorman building. Amenities include a ﬁtness center, on-site parking, refrigerated package room, resident lounge, children’s playroom, and a 5,000-square-foot landscaped courtyard on the second ﬂoor, as well as a private 2,300-square-foot roof deck. The project is named after Adeline Waller, mother of legendary jazz pianist Fats Waller and wife of Rev. Waller, a minister at Abyssinian Baptist Church. NAME/ ADDRESS

23 West 116th Street (The Adeline)

BROKER

Halstead Property Development Marketing

TYPE

New construction

PRICE RANGE

$1,650,000 to $2,340,000

UNITS

SIZE RANGE

1,448 sq ft to 1,640 sq ft

UNITS FOR SALE

PPSF RANGE

$1,140 to $1,427

DEVELOPER

L+M Development Partners

SALES START (FINISHED BY)

January 2014 (2014)

305 West 150th Street (No. 305 On The Park) This 82-unit condo building, which was originally built in 1921, sits adjacent to Jackie Robinson Park. All residences are one-bedroom apartments, which feature 10-foot ceilings, crown moldings, solid oak ﬂooring, Caesarstone counters, Kohler ﬁxtures and Duravit deep soaking tubs.

NAME/ ADDRESS

305 West 150th Street (No. 305 On The Park)

BROKER

Warburg Marketing Group

TYPE

Conversion

PRICE RANGE

$470,000

UNITS

SIZE RANGE

594 sq ft

UNITS FOR SALE

PPSF RANGE

$791

DEVELOPER

Tahl Propp Equities

SALES START (FINISHED BY)

January 2014 (2013)

TheRealDeal.com | Real Estate Showcase | 19

NNE EWW CCOONNDDOOS S OP N L TAHNEN EM D AF RO KR ET :: H A RAL EV M EN / TUUPRTAO W N

456 West 167th Street (Edgecombe Parc) Edgecombe Parc welcomes residents with a 13-foot grand entrance and polished granite ﬂoors. Amenities include a 985-square-foot landscaped garden, and roof deck with views of George Washington Bridge and the Manhattan skyline. Other amenities include a ﬁtness center, bicycle storage and concierge service.

NAME/ ADDRESS

456 West 167th Street (Edgecombe Parc)

BROKER

Keller Williams NYC

TYPE

New construction

PRICE RANGE

$428,000 to $738,000

UNITS

SIZE RANGE

750 sq ft to 1,085 sq ft

UNITS FOR SALE

PPSF RANGE

$571 to $680

DEVELOPER

Gleam Realty

SALES START (FINISHED BY)

September 2013 (2014)

710 Riverside Drive The project features large pre-war apartments, renovated with new fixtures and finishes. Building amenities include an owners’ lounge with fitness center and kids’ room, outdoor seating area, bike room, private storage, and sky terrace with Hudson River views. Nearby is Riverside Park, as well as restaurants and shops such as Harlem Public, the Grange, Caridad and Fairway.

NAME/ ADDRESS

710 Riverside Drive

BROKER

Warburg Marketing Group

TYPE

Conversion

PRICE RANGE

$768,000 to $835,000

UNITS

SIZE RANGE

960 sq ft to 1,043 sq ft

UNITS FOR SALE

PPSF RANGE

$800 to $801

DEVELOPER

Tahl Propp Equities

SALES START (FINISHED BY)

January 2014 (2014)

306 West 116th Street (The Morningside Condominiums) The Morningside Condominiums is a modern glass and steel boutique development with residences ranging from one to three bedrooms. The project is located one block from Morningside Park and several subway lines. Amenities include a virtual doorman, recreational room, common roof deck, bicycle room and private storage. NAME/ ADDRESS

306 West 116th Street (The Morningside Condominiums)

BROKER

Town Residential

TYPE

New construction

PRICE RANGE

$1,100,000 to $2,300,000

UNITS

SIZE RANGE

869 sq ft to 2,012 sq ft

UNITS FOR SALE

PPSF RANGE

$1,143 to $1,266

DEVELOPER

Columbia Estates, LLC

SALES START (FINISHED BY)

June 2014 (2014)

20 | Real Estate Showcase | TheRealDeal.com

NNE EWW CCOONNDDOOS S OP N L TAHNEN EM D AF RO KR ET :: L O W EARV EMN AT N UH R AT TA N

123 Washington Street (Residences at W New York) The W New York Downtown Hotel and Residences is a 57-story tower a block from the new Freedom Tower. It houses the W Hotel NYC and is also the first W residential development project in Manhattan. The lower 32 floors consist of 217 hotel rooms. Residential units on the 33rd through the 56th floors have views of the New York Harbor and Hudson River, as does the 57th-floor restaurant and observation deck. Residents have access to the W’s concierge service and preferred dining reservations. NAME/ ADDRESS

123 Washington Street (The Residences at W New York)

BROKER

The Marketing Directors

TYPE

New construction

PRICE RANGE

$1,275,000 to $6,290,000

UNITS

223

SIZE RANGE

606 sq ft to 2,731 sq ft

UNITS FOR SALE

PPSF RANGE

$2,104 to $2,303

DEVELOPER

The Moinian Group

SALES START (FINISHED BY)

October 2013 (2010)

212 Warren Street (River & Warren) River & Warren, a new rental-to-condo conversion, is one of the area’s first Hudson River-front offerings in years, according to the New York Post. The building is set between Teardrop and Nelson A. Rockefeller parks and sits close to Brookfield Place. Corner residences will have floor-to-ceiling windows that overlook the river and parks. Units will have open kitchens with white Calacatta marble counters and islands topped with Bleu de Savoie marble. NAME/ ADDRESS

212 Warren Street (River & Warren)

BROKER

Corcoran Sunshine Marketing Group

TYPE

New construction

PRICE RANGE

$2,455,000 to $5,585,000

UNITS

169

SIZE RANGE

1,461 sq ft to 2,988 sq ft

UNITS FOR SALE

PPSF RANGE

$1,680 to $1,869

DEVELOPER

Centurion Real Estate Partners and Five Mile Capital Partners LLC

SALES START (FINISHED BY)

December 2014 (2014)

50 West Street Developer Francis Greenburger’s 63-story luxury condominium tower joins the wave of high-rise developments populating Lower Manhattan. The project’s site is just to the north of the eight-acre Greenwich Street South project that would deck over the Manhattan entrance to the Brooklyn-Battery Tunnel. Four ﬂoors of the tower are devoted to amenities: a ﬁtness center, the Water Club restaurant, and The Observatory at 50 West Street, an outdoor entertaining space. NAME/ ADDRESS

50 West Street

BROKER

Time Equities

TYPE

New construction

PRICE RANGE

$1,960,000 to $22,645,000

UNITS

191

SIZE RANGE

1,056 sq ft to 3,653 sq ft

UNITS FOR SALE

PPSF RANGE

$1,856 to $6,199

DEVELOPER

Time Equities

SALES START (FINISHED BY)

June 2014 (2016)

TheRealDeal.com | Real Estate Showcase | 21

NNE EWW CCOONNDDOOS S OP N L TAHNEN EM D AF RO KR ET :: L O W EARV EMN AT N UH R AT TA N

15 William Street 15 William Street was converted to condos from rentals last year. Apartments boast wide-plank Burmese teak ﬂoors, home ofﬁces and walk in closets. Kitchens include white lacquer cabinets, Caesarstone countertops, Blanco stainless steel kitchen sinks and Miele cooktops, ovens and dishwashers. The building offers a Zen garden, enclosed dog run, a 30-person screening room, yoga studio and wet bar. There’s also an outdoor basketball court, a squash court and a Penthouse Sky Lounge with a catering kitchen and terrace overlooking Lower Manhattan. NAME/ ADDRESS

15 William Street

BROKER

Douglas Elliman

TYPE

New construction

PRICE RANGE

$985,000 to $8,995,000

UNITS

184

SIZE RANGE

698 sq ft to 3,500 sq ft

UNITS FOR SALE

PPSF RANGE

$1,411 to $2,570

DEVELOPER

André Balazs and SDS Investments

SALES START (FINISHED BY)

August 2014 (2014)

40 Broad Street (The Setai Wall Street) Residences at this condo conversion feature oversized windows, Brazilian walnut ﬂoors and a Bosch washer and dryer. Open kitchens showcase black granite countertops; a Sub-Zero refrigerator and freezer; Miele oven, cook top and dishwasher. Residents also enjoy membership at The Setai Club and access to over 44,000 square feet of amenity space. Many consider the Setai Spa the Financial District’s most luxurious destination to get pampered. NAME/ ADDRESS

40 Broad Street (The Setai Wall Street)

BROKER

Platinum Properties

TYPE

Conversion

PRICE RANGE

$975,000 to $12,995,000

UNITS

159

SIZE RANGE

766 sq ft to 3,500 sq ft

UNITS FOR SALE

PPSF RANGE

$1,273 to $3,713

DEVELOPER

Zamir Equities

SALES START (FINISHED BY)

July 2011 (2011)

30 Park Place Half the 157 condominiums at Silverstein Properties’ development were sold by last fall, four months after sales launched. The Robert A.M. Stern-designed building will be completed by 2016. Owners will have access to the many amenities of the Four Seasons Hotel, located on the ﬁrst 22 ﬂoors of the 80-story tower.

NAME/ ADDRESS

30 Park Place

BROKER

Corcoran Sunshine Marketing Group

TYPE

New construction

PRICE RANGE

$3,425,000 to $29,500,000

UNITS

157

SIZE RANGE

1,108 sq ft to 5,937 sq ft

UNITS FOR SALE

PPSF RANGE

$3,091 to $4,969

DEVELOPER

Silverstein Properties

SALES START (FINISHED BY)

June 2014 (2016)

22 | Real Estate Showcase | TheRealDeal.com

A thousand reasons for our refrigeration system. Or as we call them: 1,648 combination options.

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NEW CONDOS ON THE MARKET: L O W E R M A N H AT TA N

5 Beekman Street (The Beekman Residences) One month after launching sales in late 2014 a quarter of the Beekman Residence’s 68 condos were under contract, for an average price of $2,200 per square foot. The project also includes a 287-room hotel, which will feature restaurants from chefs Keith McNally and Tom Colicchio. NAME/ ADDRESS

5 Beekman Street (The Beekman Residences)

BROKER

Douglas Elliman

TYPE

New construction

PRICE RANGE

$2,950,000 to $4,350,000

UNITS

SIZE RANGE

1,625 sq ft to 1,809 sq ft

UNITS FOR SALE

PPSF RANGE

$1,815 to $2,767

DEVELOPER

GFI Development Company and GB Lodging

SALES START (FINISHED BY)

October 2014 (2016)

42 Ann Street This condo conversion was the former home of Keuffel & Esser architectural instrument manufacturers. The building, which dates to 1893, is distinguished by its terracotta and beige-brick façade and arched windows. Residences have private, keyed elevators, barrel vault ceilings, radiant-heated quarter-sawn oak ﬂooring, and Viking and Liebherr appliances. NAME/ ADDRESS

42 Ann Street

BROKER

Elie Pariente

TYPE

Conversion

PRICE RANGE

$3,395,000

UNITS

SIZE RANGE

2,600 sq ft

UNITS FOR SALE

PPSF RANGE

$1,306

DEVELOPER

EMP Capital And Empire Capital Holdings

SALES START (FINISHED BY)

August 2014 (2014)

NEW CONDOS ON THE MARKET: MIDTOWN

400 Fifth Avenue 400 Fifth, a hotel/condo combination, was one of architect Charles Gwathmey’s last projects before his death in 2009, and its creation is the subject of a book by architectural photographer Evan Joseph. The building has linen and turndown service, as well as on-call doctors, dentists and pharmacists.

NAME/ ADDRESS

400 Fifth Avenue

BROKER

Douglas Elliman

TYPE

New construction

PRICE RANGE

$1,190,000 to $10,500,000

UNITS

190

SIZE RANGE

779 sq ft to 3,590 sq ft

UNITS FOR SALE

PPSF RANGE

$1,528 to $2,925

DEVELOPER

Bizzi & Partners Development

SALES START (FINISHED BY)

June 2010 (2010)

24 | Real Estate Showcase | TheRealDeal.com

NNE EWW CCOONNDDOOS S OP N L TAHNEN EM D AF RO KR ET :: A MVIEDNT TOUWRNA

432 Park Avenue 432 Park Avenue, designed by Rafael Viñoly, is the tallest residential tower in the Western Hemisphere. The 96-story tower will rise 1,396 feet when completed. Residences offer private elevator landings, windowed eat-in kitchens and large master bedroom suites with two bathrooms. Kitchens feature white lacquer and oak cabinetry, Miele appliances, Dornbracht fixtures, marble countertops and floors. There are also staff suites, office suites, climate-controlled wine cellars and storage units available for purchase.

NAME/ ADDRESS

432 Park Avenue

BROKER

Douglas Elliman

TYPE

New construction

PRICE RANGE

$16,950,000 to $82,500,000

UNITS

128

SIZE RANGE

3,575 sq ft to 8,255 sq ft

UNITS FOR SALE

PPSF RANGE

$4,741 to $9,994

DEVELOPER

Macklowe Properties & CIM Group

SALES START (FINISHED BY)

March 2013 (2015)

325 Lexington Avenue The developers of 325 Lexington Avenue seek to target the “affordable luxury” market. The new building features a 24-hour doorman, on-site resident manager, ﬁtness center, private roof deck and a 421-a tax abatement.

NAME/ ADDRESS

325 Lexington Avenue

BROKER

Corcoran Sunshine Marketing Group

TYPE

New construction

PRICE RANGE

$835,000 to $8,500,000

UNITS

125

SIZE RANGE

501 sq ft to 2,477 sq ft

UNITS FOR SALE

PPSF RANGE

$1,667 to $3,432

DEVELOPER

Carmel Partners and Times Square Construction & Development

SALES START (FINISHED BY)

September 2014 (2015)

305 East 51st Street (Halcyon) HFZ Capital’s Halcyon is scheduled to be completed this year, with move-ins scheduled for July. Apartments have ceilings of about 10 feet, as well as wide-plank oak ﬂooring, and a Bosch washer and dryer. There are currently six apartments for sale at the building ranging from $1.2 million for a studio to about $12 million for a four bedroom. NAME/ ADDRESS

305 East 51st Street (Halcyon)

BROKER

Corcoran Sunshine Marketing Group

TYPE

New construction

PRICE RANGE

$1,200,000 to $12,000,000

UNITS

123

SIZE RANGE

752 sq ft to 3,455 sq ft

UNITS FOR SALE

PPSF RANGE

$1,596 to $3,473

DEVELOPER

HFZ Capital Group

SALES START (FINISHED BY)

July 2013 (2015)

26 | Real Estate Showcase | TheRealDeal.com

NEW CONDOS ON THE MARKET: MIDTOWN

959 1st Avenue (The Sutton) The Sutton is a 113-unit, 30-story condominium developed by Toll Brothers City Living, designed by architect Goldstein Hill & West, with interiors by Incorporated NY. Building amenities include a bike room, children’s playroom, doorman, elevator, gym, storage and a garden.

NAME/ ADDRESS

959 1st Avenue (The Sutton)

BROKER

Toll Brothers City Living

TYPE

New construction

PRICE RANGE

$1,569,990 to $4,299,990

UNITS

113

SIZE RANGE

893 sq ft to 2,472 sq ft

UNITS FOR SALE

PPSF RANGE

$1,739 to $1,758

DEVELOPER

Toll Brothers City Living

SALES START (FINISHED BY)

April 2015 (2016)

135 West 52nd Street Douglas Elliman officially launched sales last summer for this CetraRuddydesigned building located in a prime Midtown location. The development includes five penthouses, including two duplexes and one triplex, as well as a 12,000-square-foot private residents’ club. The building has a 24hour doorman and concierge. The priciest offering is a $16.8 million fivebedroom unit.

NAME/ ADDRESS

135 West 52nd Street

BROKER

Douglas Elliman

TYPE

New construction

PRICE RANGE

$3,550,000 to $16,800,000

UNITS

109

SIZE RANGE

1,642 sq ft to 5,153 sq ft

UNITS FOR SALE

PPSF RANGE

$2,162 to $3,260

DEVELOPER

The Chetrit Group and Clipper Equity

SALES START (FINISHED BY)

July 2014 (2015)

157 West 57th Street (One57) One57 has garnered several superlatives: A duplex penthouse at One57 that closed in January holds the record for priciest closed Manhattan condo sale ever, at $100.5 million. The developers claim the project’s south-to-north views of Central Park are the widest ever offered in private residences. It is designed by Pritzker Prize-winning architect Christian de Portzamparc and features interiors by Danish designer Thomas Juul-Hansen. Amenities include a gym, swimming pool, Jacuzzi, steam room, library and screening room. NAME/ ADDRESS

157 West 57th Street (One57)

BROKER

Extell Development Company

TYPE

New construction

PRICE RANGE

$4,950,000 to $58,500,000

UNITS

SIZE RANGE

1,021 sq ft to 5,475 sq ft

UNITS FOR SALE

PPSF RANGE

$4,848 to $9,375

DEVELOPER

Extell & Aabar Investment

SALES START (FINISHED BY)

November 2011 (2014)

28 | Real Estate Showcase | TheRealDeal.com

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NEW CONDOS ON THE MARKET: MIDTOWN

345 East 46th Street (50 United Nations Plaza) Zeckendorf Development, the developer behind 15 Central Park West and 18 Gramercy Park, has launched this new condo project. The 44-story, 88-unit building hit the market in October 2013. The development features a private motor court and gated entry, on-site valet parking, landscaped courtyard, 24hour resident manager, doorman and concierge. Amenities include a 75-foot swimming pool, exercise room, sauna, steam room, massage therapy room, climate-controlled wine cellars and storage units available for purchase. NAME/ ADDRESS

345 East 46th Street (50 United Nations Plaza)

BROKER

Zeckendorf Marketing

TYPE

New construction

PRICE RANGE

$2,210,000 to $23,250,000

UNITS

SIZE RANGE

1,147 sq ft to 5,893 sq ft

UNITS FOR SALE

PPSF RANGE

$1,927 to $3,945

DEVELOPER

Zeckendorf Development

SALES START (FINISHED BY)

October 2013 (2015)

22 Central Park South An eight-story condo conversion, 22 Central Park South sits next to the Plaza Hotel. Elad Group, which oversaw the Plaza’s renovation and condo conversion also developed this project, which boasts six full-ﬂoor apartments and a duplex penthouse. A partnership with Bergdorf Goodman allows residents of the development to access personal shopping and home-decorating services.

NAME/ ADDRESS

22 Central Park South

BROKER

Corcoran Group Marketing

TYPE

Conversion

PRICE RANGE

$6,700,000

UNITS

SIZE RANGE

2,021 sq ft

UNITS FOR SALE

PPSF RANGE

$3,315

DEVELOPER

Elad Group

SALES START (FINISHED BY)

October 2013 (2014)

252 East 57th Street World Wide Group and Rose Associates unveiled this public-private partnership mixed-use project last fall. The 59-story residential tower has both rental and condominium units, and Whole Foods as well as other retailers occupy the lower levels, as well as two new schools. On the 56th Street side, there is a private, gated porte cochere with an automated parking garage. Building amenities include a gym, two furnished guest suites, a screening room, and spa with a 75 foot swimming pool. NAME/ ADDRESS

252 East 57th Street

BROKER

Stribling Marketing Associates

TYPE

New construction

PRICE RANGE

$4,240,000 to $19,000,000

UNITS

SIZE RANGE

1,741 sq ft to 4,972 sq ft

UNITS FOR SALE

PPSF RANGE

$2,435 to $3,821

DEVELOPER

World Wide Group and Rose Associates

SALES START (FINISHED BY)

September 2014 (2016)

30 | Real Estate Showcase | TheRealDeal.com

NEW CONDOS ON THE MARKET: MIDTOWN

301 East 50th Street A penthouse at CBSK Ironstate’s 29-story condominium project is currently the highest-priced unit, asking $10.25 million. Units range from one-bedroom to four-bedroom apartments, and include some two-bedrooms priced under $3 million, which is unusual for the current market. Amenities include a 24-hour doorman and concierge, ﬁtness center, spa and terrace. NAME/ ADDRESS

301 East 50th Street

BROKER

Douglas Elliman

TYPE

New construction

PRICE RANGE

$2,700,000 to $10,250,000

UNITS

SIZE RANGE

1,459 sq ft to 3,216 sq ft

UNITS FOR SALE

PPSF RANGE

$1,851 to $3,187

DEVELOPER

CBSK Ironstate

SALES START (FINISHED BY)

May 2014 (2015)

540 West 49th Street (540 West) This 110-unit condo development is scheduled to open this spring in Hell’s Kitchen. The project is comprised of two interconnected towers and this new construction features a glass and steel façade and offers a mix of studios, one-, and two-bedroom apartments, as well as penthouses with private sundecks.

NAME/ ADDRESS

540 West 49th Street (540 West)

BROKER

Halstead Property Development Marketing

TYPE

New construction

PRICE RANGE

$790,000 to $3,575,000

UNITS

110

SIZE RANGE

551 sq ft to 1,625 sq ft

UNITS FOR SALE

PPSF RANGE

$1,434 to $2,200

DEVELOPER

Fortis Property Group

SALES START (FINISHED BY)

October 2013 (2015)

20 West 53rd Street (Baccarat Hotel & Residences) This project is located opposite the Museum of Modern Art and residents have access to the amenities of the Baccarat Hotel, including the new Chevalier restaurant, Baccarat Bar, La Mer Spa, ﬁtness center and pool, and a 24-hour concierge. The priciest unit on the market is a 7,000-square-foot penthouse with ﬁve bedrooms for $60 million. NAME/ ADDRESS

20 West 53rd Street (Baccarat Hotel & Residences)

BROKER

Corcoran Sunshine Marketing Group

TYPE

New construction

PRICE RANGE

$5,150,000 to $60,000,000

UNITS

SIZE RANGE

1,167 sq ft to 7,381 sq ft

UNITS FOR SALE

PPSF RANGE

$4,413 to $8,129

DEVELOPER

Tribeca Associates, Starwood Capital Group

SALES START (FINISHED BY)

March 2013 (2014)

32 | Real Estate Showcase | TheRealDeal.com

NNE EWW CCOONNDDOOS S OP N L TAHNEN EM D AF RO KR ET :: A MVIEDNT TOUWRNA

432 West 52nd Street This conversion on the site of the former St. Vincent’s hospital in Hell’s Kitchen was 50 percent sold about six months after sales launched. The 55 units were initially listed in what the developers called the “affordable luxury” range — between $610,000 and $2.4 million, working out to $1,400 to $1,600 per square foot. NAME/ ADDRESS

432 West 52nd Street

BROKER

Stribling Marketing Associates

TYPE

Conversion

PRICE RANGE

$715,000 to $2,395,000

UNITS

SIZE RANGE

448 sq ft to 1,488 sq ft

UNITS FOR SALE

PPSF RANGE

$1,596 to $1,610

DEVELOPER

JVL Property Group and Zion Enterprises

SALES START (FINISHED BY)

October 2014 (2016)

425 West 50th Street (Stella Tower) Stella Tower had to create a new model unit in January 2015 after the one it was showing sold for $4 million, Curbed reported. Thirty-seven condos had signed contracts at the beginning of the year at more than $2,000 a square foot. The 17-story Stella is named after the wife of its architect Ralph Walker, who also designed the Walker Tower at 212 West 18th Street. NAME/ ADDRESS

425 West 50th Street (Stella Tower)

BROKER

Douglas Elliman

TYPE

Conversion

PRICE RANGE

$2,350,000 to $13,995,000

UNITS

SIZE RANGE

934 sq ft to 3,455 sq ft

UNITS FOR SALE

PPSF RANGE

$2,516 to $4,051

DEVELOPER

JDS Development Group and Property Markets Group

SALES START (FINISHED BY)

May 2014 (2014)

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Asbestos removal • Lead paint testing & abatement • Mold remediation 34 | Real Estate Showcase | TheRealDeal.com

NEW CONDOS ON THE MARKET: M U R R AY H I L L / G R A M E R C Y P A R K

305 Second Avenue (Rutherford Place) Rutherford Place, listed on the National Register of Historic Places, was converted into 127 condo and rental units with high-end ﬁnishes and appliances by Bosch, Sub-Zero and Viking. Formerly the New York Lying-In Hospital, the structure is unique in that it has several curved rooms and lies within the Stuyvesant Park Historic District. NAME/ ADDRESS

305 Second Avenue (Rutherford Place)

BROKER

Cantor & Pecorella

TYPE

Conversion

PRICE RANGE

$1,350,000 to $1,850,000

UNITS

SIZE RANGE

877 sq ft to 1,141 sq ft

UNITS FOR SALE

PPSF RANGE

$1,539 to $1,621

DEVELOPER

Rutherford Palace LLC

SALES START (FINISHED BY)

September 2013 (2014)

404 Park Avenue South (Huys) The name of this 1917 building, “Huys,” is pronounced “house,” and is Dutch for house. Penthouses have wide-oak plank ﬂoors, paneled interior doors, loft-style ceilings with original architectural beams and electronically controlled solar shades with concealed window shade pockets.

NAME/ ADDRESS

404 Park Avenue South (Huys)

BROKER

Corcoran

TYPE

Conversion

PRICE RANGE

$6,750,000 to $9,850,000

UNITS

SIZE RANGE

2,426 sq ft to 2,983 sq ft

UNITS FOR SALE

PPSF RANGE

$2,782 to $3,302

DEVELOPER

Kroonenberg Groep

SALES START (FINISHED BY)

February 2013 (2015)

234 East 23rd Street The Naftali Group’s 20-story project at 234 East 23rd Street in Gramercy sold 75 percent of its 57 units by last fall. A full-ﬂoor penthouse on the market for almost $6.5 million features direct elevator entrance and three outdoor spaces totaling 1,347 square feet. Residents have access to building amenities such as a gym, residents’ library, garden and rooftop lounge.

NAME/ ADDRESS

234 East 23rd Street

BROKER

Stribling Marketing Associates

TYPE

New construction

PRICE RANGE

$2,995,000 to $6,445,000

UNITS

SIZE RANGE

1,597 sq ft to 2,302 sq ft

UNITS FOR SALE

PPSF RANGE

$1,875 to $2,800

DEVELOPER

Naftali Group

SALES START (FINISHED BY)

June 2014 (2015)

36 | Real Estate Showcase | TheRealDeal.com

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NEW CONDOS ON THE MARKET: M U R R AY H I L L / G R A M E R C Y P A R K

160 East 23rd Street At this 18-unit boutique condominium in Gramercy, floors two through nine have two apartments each and floors 11 and 12 have a full-floor penthouse. Units come with Viking appliances, in-unit washer/dryers and a Samsung 3D LED TV. Amenities include a roof deck and virtual doorman.

NAME/ ADDRESS

160 East 23rd Street

BROKER

Bond New York

TYPE

New construction

PRICE RANGE

$1,080,000 to $1,100,000

UNITS

SIZE RANGE

673 sq ft

UNITS FOR SALE

PPSF RANGE

$1,605 to $1,634

DEVELOPER

160 Realty Development, LLC

SALES START (FINISHED BY)

June 2014 (2014)

18 Gramercy Park The 15th-ﬂoor penthouse here is currently listed at $19.2 million. Accessed directly via elevator, the unit has 4,207 square feet with four bedrooms, ﬁve and a half baths, 34 windows and four exposures. The Robert A.M. Stern-designed project has 40 feet of frontage directly overlooking Gramercy Park and over 130 feet facing east on Irving Place. Each residence offers park views from nearly every room and a key to Manhattan’s only private park. NAME/ ADDRESS

18 Gramercy Park

BROKER

Zeckendorf Marketing

TYPE

Conversion

PRICE RANGE

$15,000,000 to $19,150,000

UNITS

SIZE RANGE

4,207 sq ft

UNITS FOR SALE

PPSF RANGE

$3,565 to $4,552

DEVELOPER

Zeckendorf Development

SALES START (FINISHED BY)

September 2012 (2013)

NEW CONDOS ON THE MARKET: SOHO

15 Renwick Street (15 Renwick) This development is located on a single-block street, one of only a few in the city, in Hudson Square, which was once known as a historic printing district, and pays homage to its history with a “steampunk” ﬂair. This project features 31 condos, including three adjoining townhouse units with private yards and four duplex penthouses. Each residence features wide-plank walnut ﬂooring, eight-foot windows and Creston home automation systems. NAME/ ADDRESS

15 Renwick Street (15 Renwick)

BROKER

CORE

TYPE

New construction

PRICE RANGE

$2,500,000 to $7,150,000

UNITS

SIZE RANGE

1,073 sq ft to 2,644 sq ft

UNITS FOR SALE

PPSF RANGE

$2,330 to $2,704

DEVELOPER

Izaki Group Investments – IGI USA/ Glacier Global

SALES START (FINISHED BY)

October 2014 (2015)

40 | Real Estate Showcase | TheRealDeal.com

NEW CONDOS ON THE MARKET: SOHO

180 Avenue of the Americas (One Vandam) The priciest listing at 180 Avenue of the Americas is a 5,286-square-foot triplex home with a private interior elevator and four bedrooms and ﬁve baths. The residence has an eat-in-kitchen with large pantry, great room, three woodburning ﬁreplaces, rooftop living room, two entrances, catering kitchen and outdoor spa as well as three outdoor spaces totaling 1,996 square feet. NAME/ ADDRESS

180 Avenue of the Americas (One Vandam)

BROKER

Stribling Marketing Associates

TYPE

New construction

PRICE RANGE

$6,200,000 to $28,000,000

UNITS

SIZE RANGE

2,221 sq ft to 5,286 sq ft

UNITS FOR SALE

PPSF RANGE

$2,792 to $5,297

DEVELOPER

Quinlan Development Group and Tavros Development

SALES START (FINISHED BY)

October 2013 (2015)

10 Sullivan Street The much-buzzed-about “highest residence in all of Soho,” the penthouse at 10 Sullivan Street, hit the market asking $45 million in February. The four-story unit covers the 14th through 16th ﬂoors, as well as the roof, and has 8,359 square feet of interior space, according to Curbed. The six-bedroom, seven-bathroom apartment features a private elevator, two wraparound balconies, a great room with 23-foot-high ceilings, a private rooftop, and, of course, a private pool. NAME/ ADDRESS

10 Sullivan Street

BROKER

Douglas Elliman

TYPE

New construction

PRICE RANGE

$3,360,000 to $45,000,000

UNITS

SIZE RANGE

1,269 sq ft to 8,359 sq ft

UNITS FOR SALE

PPSF RANGE

$2,648 to $5,383

DEVELOPER

Madison Equities and Property Markets Group

SALES START (FINISHED BY)

June 2014 (2015)

199 Mott Street Flatiron District-based Alfa Development launched sales at its eightstory condominium project at 199 Mott Street in May 2014. Currently on the market for $9.2 million, unit #2 is a full-ﬂoor three bedroom, three bathroom apartment with its own 1,500-square-foot private garden in the rear. 199 Mott is a LEED Gold-certiﬁed residence.

NAME/ ADDRESS

199 Mott Street

BROKER

Corcoran

TYPE

New construction

PRICE RANGE

$9,200,000

UNITS

SIZE RANGE

2,907 sq ft

UNITS FOR SALE

PPSF RANGE

$2,752

DEVELOPER

Alfa Development

SALES START (FINISHED BY)

May 2014 (2015)

42 | Real Estate Showcase | TheRealDeal.com

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NNE EWW CCOONNDDOOS S OP N L TAHNEN EM D AF RO KR ET :: A VSE ON HT UOR A

224 Mulberry Street Condos at 224 Mulberry Street feature kitchens custom-designed by Smallbone and equipped with Gaggenau appliances. Amenities for the eight-story condominium project include a 24-hour doorman, ﬁtness center and a shared roof terrace with views of the Empire State Building, One World Trade Center and the Brooklyn, Manhattan and Williamsburg bridges. A keyed storage room on the cellar level along with two parking spaces come with each residence. NAME/ ADDRESS

224 Mulberry Street

BROKER

CORE

TYPE

Conversion

PRICE RANGE

$12,750,000

UNITS

SIZE RANGE

3,924 sq ft

UNITS FOR SALE

PPSF RANGE

$3,249

DEVELOPER

Flank

SALES START (FINISHED BY)

September 2014 (2015)

53 Greene Street A $14.05 million, three-bedroom penthouse with 2,067 square feet of outdoor space including a covered patio and private elevator is currently on the market at the six-story 53 Greene, developed by AORE Holdings. Building amenities include a virtual doorman and private storage.

NAME/ ADDRESS

53 Greene Street

BROKER

Brown Harris Stevens SELECT

TYPE

New construction

PRICE RANGE

$14,050,000

UNITS

SIZE RANGE

3,510 sq ft

UNITS FOR SALE

PPSF RANGE

$4,003

DEVELOPER

AORE Holdings LLC

SALES START (FINISHED BY)

October 2013 (2013)

286 Spring Street This Hudson Square condo conversion placed its first unit on the market last November. The 1920s industrial loft building was converted by Atkins & Breskin Co. into three- to five-bedroom full-floor residences. Hustvedt Cutler Architects designed the development, and d’Apostrophe Design did the interiors with a Bauhaus influence.

NAME/ ADDRESS

286 Spring Street

BROKER

Douglas Elliman

TYPE

Conversion

PRICE RANGE

$5,795,000 to $5,995,000

UNITS

SIZE RANGE

3,670 sq ft

UNITS FOR SALE

PPSF RANGE

$1,579 to $1,634

DEVELOPER

Atkins & Breskin Co.

SALES START (FINISHED BY)

November 2014 (2014)

44 | Real Estate Showcase | TheRealDeal.com

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NEW CONDOS ON THE MARKET: TRIBECA

56 Leonard Street At 56 Leonard, architecture and custom interiors were done by Pritzker Prize-winning architects Herzog & de Meuron and the building showcases an original Anish Kapoor sculpture at its base. Each of the condominium residences has private outdoor space, 11-to-14-foot ceilings and panoramic views. Amenities include a 75-foot lap pool, gym, screening room, lounge, private dining room and playroom.

NAME/ ADDRESS

56 Leonard Street

BROKER

Corcoran Sunshine Marketing Group

TYPE

New construction

PRICE RANGE

$17,750,000 to $34,500,000

UNITS

145

SIZE RANGE

3,709 sq ft to 5,489 sq ft

UNITS FOR SALE

PPSF RANGE

$4,786 to $6,285

DEVELOPER

Alexico Group and Hines

SALES START (FINISHED BY)

March 2013 (2015)

250 West Street This former fruit-and-vegetable warehouse overlooking the Hudson River in Tribeca’s historic district was transformed by Elad Group into 106 luxury condos. The building had the highest dollar volume of closed deals of all new residential developments in New York City in the ﬁrst half of 2013. The building’s penthouse sold in early 2015 for $29.5 million, a steep discount from its original $42 million ask. The 7,200-square-foot unit has a wrap-around terrace with Jacuzzi, a private garage and four bedrooms. NAME/ ADDRESS

250 West Street

BROKER

Cantor-Pecorella

TYPE

Conversion

PRICE RANGE

$3,195,000 to $5,595,000

UNITS

106

SIZE RANGE

1,636 sq ft to 2,209 sq ft

UNITS FOR SALE

PPSF RANGE

$1,953 to $2,533

DEVELOPER

Elad Group

SALES START (FINISHED BY)

September 2011 (2015)

93 Worth Street (93Worth) Located between Broadway and Church streets in Tribeca, 93 Worth Street is a building with a rich history. Curbed reported that it was designed and built in 1925 by architects Jardine, Hills & Murdock, and it started life as the Knitgoods Building, a loft building for the textile industry. The units listed range from $2.7 million to $9.9 million.

NAME/ ADDRESS

93 Worth Street (93Worth)

BROKER

CORE

TYPE

New construction

PRICE RANGE

$2,700,000 to $9,900,000

UNITS

SIZE RANGE

1,244 sq ft to 3,298 sq ft

UNITS FOR SALE

PPSF RANGE

$2,170 to $3,002

DEVELOPER

Izaki Group Investments – IGI USA

SALES START (FINISHED BY)

December 2012 (2014)

46 | Real Estate Showcase | TheRealDeal.com

NNE EWW CCOONNDDOOS S OP N L TAHNEN EM D AF RO KR ET :: ATVREINBTEUCRAA

101 Leonard Street (The Leonard) An apartment at this development sold for $7.6 million at the end of last year. The rooftop terrace has lounge seating, grilling facilities and a modern vertical garden. The apartments have Appalachian oak ﬂoors, Quartzite countertops, and custom wood and lacquered cabinetry.

NAME/ ADDRESS

101 Leonard Street (The Leonard)

BROKER

Douglas Elliman

TYPE

New construction

PRICE RANGE

$1,300,000 to $7,495,000

UNITS

SIZE RANGE

835 sq ft to 2,837 sq ft

UNITS FOR SALE

PPSF RANGE

$1,462 to $2,642

DEVELOPER

Bizzi & Partners LLC

SALES START (FINISHED BY)

July 2013 (2014)

443 Greenwich Street Metro Loft Developers’ 443 Greenwich Street condominiums, the site of a long-stalled condominium-hotel conversion project before the current developer purchased the property in 2012, went on the market last fall. The building includes eight penthouses, three of which are currently in contract for prices that range from $20.5 million to $27.5 million. The highest-priced unit on the market is a $51 million penthouse with ﬁve bedrooms. NAME/ ADDRESS

443 Greenwich Street

BROKER

Cantor-Pecorella

TYPE

Conversion

PRICE RANGE

$7,000,000 to $51,000,000

UNITS

SIZE RANGE

2,414 sq ft to 8,569 sq ft

UNITS FOR SALE

PPSF RANGE

$2,900 to $5,952

DEVELOPER

SGN/ Metro Lofts

SALES START (FINISHED BY)

September 2014 (2015)

71 Laight Street (The Sterling Mason) The Sterling Mason is a condo conversion of a circa 1906 brick warehouse, which was once a storage facility for coffee and tea. It also features a new adjacent building with an aluminum façade. The loft apartments feature interiors by Gachot, custom walnut cabinetry by Henrybuilt, slab marble countertops and special-edition Lefroy Brooks soaking tubs. Morris Adjmi Architects oversaw the conversion. NAME/ ADDRESS

71 Laight Street (The Sterling Mason)

BROKER

Douglas Elliman

TYPE

New construction

PRICE RANGE

$9,650,000 to $24,500,000

UNITS

SIZE RANGE

3,708 sq ft to 6,609 sq ft

UNITS FOR SALE

PPSF RANGE

$2,602 to $3,707

DEVELOPER

Taconic Investment Partners

SALES START (FINISHED BY)

July 2013 (2015)

48 | Real Estate Showcase | TheRealDeal.com

NEW CONDOS ON THE MARKET: TRIBECA

11 Beach Street (11 Beach) In February, just ﬁve months after launching sales, 50 percent of HFZ Capital Group’s Tribeca building was in contract. Its largest penthouse is now asking $22.5 million. It measures nearly 6,000 square feet with nearly 2,000 square feet of outdoor space spread over two terraces. In all, the building will have 27 loft units, including three townhouses, and the condos in contract range from $5.2 million to $10 million. NAME/ ADDRESS

11 Beach Street (11 Beach)

BROKER

Douglas Elliman

TYPE

New construction

PRICE RANGE

$7,600,000 to $22,500,000

UNITS

SIZE RANGE

3,108 sq ft to 6,169 sq ft

UNITS FOR SALE

PPSF RANGE

$2,445 to $3,759

DEVELOPER

HFZ Capital Group

SALES START (FINISHED BY)

September 2014 (2016)

11 North Moore Street The VE Equities-backed 11 North Moore Street in Tribeca made a splash after it launched sales via Instagram in October 2013, at the time an unusual marketing move. The nine-story building, is home to 19 units, including a still-available 7,061-square-foot penthouse which features 18foot ceilings, a private elevator, master ﬂoor with a sun room and loggia, and a rooftop terrace with a private pool.

NAME/ ADDRESS

11 North Moore Street

BROKER

Douglas Elliman

TYPE

New construction

PRICE RANGE

$29,995,000

UNITS

SIZE RANGE

7,061 sq ft

UNITS FOR SALE

PPSF RANGE

$4,248

DEVELOPER

VE Equities/Adjmi & Andreoli

SALES START (FINISHED BY)

October 2013 (2015)

290 West Street Architects Morris Adjmi and Aldo Andreoli designed the 36,000-squarefoot 10-story Tribeca condo project. A 2,726-square-foot, threebedroom, three-and-a-half-bathroom duplex penthouse with 416 square feet of private outdoor space is on offer. Its formal entry gallery leads to a great room, where ﬂoor-to-ceiling glass lines the west wall, offering natural light and Hudson River and park views, and access to the terrace. NAME/ ADDRESS

290 West Street

BROKER

Douglas Elliman

TYPE

New construction

PRICE RANGE

$6,250,000 to $15,000,000

UNITS

SIZE RANGE

2,513 sq ft to 3,060 sq ft

UNITS FOR SALE

PPSF RANGE

$2,487 to $4,902

DEVELOPER

VE Equities

SALES START (FINISHED BY)

September 2014 (2015)

50 | Real Estate Showcase | TheRealDeal.com

NNE EWW CCOONNDDOOS S OP N L TAHNEN EM D AF RO KR ET :: ATVREINBTEUCRAA

67 Franklin Street (The Cast Iron House) The Cast Iron House, at 67 Franklin Street, comprises 11 duplex residences and two penthouses. Knightsbridge Properties converted this 1882 New York City Landmark. The ﬁrm is adding the two modern penthouse units to the existing structure. The penthouse addition will be suspended via a steel cantilevered truss, making it appear from the street level as though it’s ﬂoating above the building. NAME/ ADDRESS

67 Franklin Street (The Cast Iron House)

BROKER

Corcoran Sunshine Marketing Group

TYPE

Conversion

PRICE RANGE

$5,950,000 to $11,250,000

UNITS

SIZE RANGE

2,850 sq ft to 4,897 sq ft

UNITS FOR SALE

PPSF RANGE

$2,088 to $2,297

DEVELOPER

Knightsbridge Properties

SALES START (FINISHED BY)

April 2014 (2015)

7 Harrison Street The duplex penthouse on top of 7 Harrison, designed by Steven Harris, has a Southern California style and was inspired by the work of late modernist architect Richard Neutra. Academy Award-winning ﬁlmmaker Steven Soderbergh bought a three-bedroom condo unit at the building for $8.3 million earlier this year. The 3,100-square-foot duplex features a landscaped terrace and reﬂecting pool. The $25 million, four-bedroom penthouse was listed last year and is still on the market. NAME/ ADDRESS

7 Harrison Street

BROKER

Compass

TYPE

Conversion

PRICE RANGE

$25,000,000 to $34,000,000

UNITS

SIZE RANGE

4,229 sq ft to 6,434 sq ft

UNITS FOR SALE

PPSF RANGE

$5,284 to $5,912

DEVELOPER

Matrix/ Clarion

SALES START (FINISHED BY)

April 2014 (2014)

87 Leonard Street 87 Leonard Street in Tribeca features ground-ﬂoor apartment units, redesigned as pricey maisonettes with private entrances. While groundﬂoor units are usually priced up to 25 percent lower than other units and have historically faced stigma from prospective buyers, real estate agents are reporting a growing interest in the maisonette by developers recognizing their lucrative potential, the Wall Street Journal reported.

NAME/ ADDRESS

87 Leonard Street

BROKER

Douglas Elliman

TYPE

New construction

PRICE RANGE

$8,800,000

UNITS

SIZE RANGE

4,652 sq ft

UNITS FOR SALE

PPSF RANGE

$1,892

DEVELOPER

Magnum Real Estate Group

SALES START (FINISHED BY)

April 2015 (2016)

52 | Real Estate Showcase | TheRealDeal.com

NEW CONDOS ON THE MARKET: TRIBECA

60 White Street This conversion of this 1869 cast iron Soho gem is currently showing a penthouse with more than 3,000 square feet for $9.26 million. Sorgente Group developed the project with 11-foot tall, deep-set windows, insulated for energy efﬁciency design and framed in English wood. Building amenities include a ﬁtness center, video doorman, private residential club lounge, projector room and solarium. NAME/ ADDRESS

60 White Street

BROKER

Douglas Elliman

TYPE

Conversion

PRICE RANGE

$4,585,000 to $9,265,000

UNITS

SIZE RANGE

1,943 sq ft to 3,078 sq ft

UNITS FOR SALE

PPSF RANGE

$2,360 to $3,010

DEVELOPER

Sorgente Group of America

SALES START (FINISHED BY)

March 2014 (2015)

449 Washington Street Kathryn Bigelow, Oscar-winning director of “The Hurt Locker,” is moving to Tribeca’s 449 Washington Street. Bigelow paid just over $3 million for the apartment at the boutique condominium development, according to property records. The seven-story brick building, once home to a production studio, houses just four homes. Ishac Design Architects designed the building. NAME/ ADDRESS

449 Washington Street

BROKER

Corcoran

TYPE

Conversion

PRICE RANGE

$5,995,000 to $7,000,000

UNITS

SIZE RANGE

3,157 sq ft to 3,236 sq ft

UNITS FOR SALE

PPSF RANGE

$1,899 to $2,163

DEVELOPER

DI Development LLC

SALES START (FINISHED BY)

June 2013 (2014)

NEW CONDOS ON THE MARKET: UPPER EAST SIDE

515 East 72nd Street This development has a large private park on the grounds, overlooked by a 56-foot heated pool. All apartments and public spaces in the building have HEPA air filters, while hallways have natural fiber carpets. The five available units, two one-bedrooms, two three-bedrooms and one fivebedroom are listed at an average $1,689 per square foot.

NAME/ ADDRESS

515 East 72nd Street

BROKER

Corcoran Sunshine Marketing Group

TYPE

Conversion

PRICE RANGE

$950,000 to $4,425,000

UNITS

329

SIZE RANGE

685 sq ft to 2,214 sq ft

UNITS FOR SALE

PPSF RANGE

$1,387 to $1,999

DEVELOPER

River Terrace Apartments

SALES START (FINISHED BY)

February 2010 (2012)

54 | Real Estate Showcase | TheRealDeal.com

11 Broadway, Suite 1700 New York City, NY 10004 info@ghwarchitects.com www.ghwarchitects.com

NNE EWW CCOONNDDOOS S OP N L TAHNEN EM D AF RO KR ET :: U P PA ER V EE NAT S U TR AS I D E

300 East 64th Street 300 East 64th Street is a 16-year-old rental complex-turned-condominium. Aby Rosen’s RFR Realty originally developed the 31-story building, which is currently being redesigned by Stonehill & Taylor, an architecture ﬁrm known for its work in luxury resorts and hotels. Upon completion later this year, the building will house 103 residences ranging from studios to three-bedrooms and a penthouse unit.

NAME/ ADDRESS

300 East 64th Street

BROKER

Douglas Elliman

TYPE

New construction

PRICE RANGE

$725,000 to $2,850,000

UNITS

103

SIZE RANGE

469 sq ft to 1,431 sq ft

UNITS FOR SALE

PPSF RANGE

$1,355 to $1,992

DEVELOPER

RFR Realty

SALES START (FINISHED BY)

May 2014 (2015)

141 East 88th Street (Philip House) Philip House is a prewar condo conversion project that has had its interiors rebuilt with a focus on natural materials such as honed stone, natural wood, and marble. Victoria Hagan oversaw the interior design. Indoor and outdoor amenities include a rooftop terrace by landscape architect HM White with western skyline views and a rooftop club room. Other amenities include a ﬁtness center, playroom, game room and music practice room. NAME/ ADDRESS

141 East 88th Street (Philip House)

BROKER

Stribling Marketing Associates

TYPE

Conversion

PRICE RANGE

$1,800,000 to $16,000,000

UNITS

SIZE RANGE

980 sq ft to 4,710 sq ft

UNITS FOR SALE

PPSF RANGE

$1,837 to $3,397

DEVELOPER

Cheshire Group

SALES START (FINISHED BY)

September 2012 (2014)

737 Park Avenue Macklowe Properties’ 737 Park Avenue is a luxury condo conversion of an Art Deco building that dates to 1940. Residence features include solid oak flooring, casement windows, and a central air conditioning and heating system. Building amenities include 24-hour doorman, elevator attendants and live-in resident manager, fitness center, children’s playroom, and a garden room with catering kitchen. The six units now on the market range from two to five bedrooms, and are asking an average $3,611 per square foot. NAME/ ADDRESS

737 Park Avenue

BROKER

Corcoran

TYPE

Conversion

PRICE RANGE

$6,999,999 to $25,000,000

UNITS

SIZE RANGE

2,255 sq ft to 6,111 sq ft

UNITS FOR SALE

PPSF RANGE

$3,104 to $4,091

DEVELOPER

Macklowe Properties

SALES START (FINISHED BY)

April 2013 (2014)

56 | Real Estate Showcase | TheRealDeal.com

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NEW CONDOS ON THE MARKET: UPPER EAST SIDE

20 East End Avenue Dubbed an “instant classic” by The Real Deal’s architecture critic, the 17-story building designed by Robert A.M. Stern features 43 units. On the second ﬂoor is a wood-paneled library with a New York City history collection curated by Robert A.M. Stern himself. Building amenities include a separate billiards room, poker room and bar.

NAME/ ADDRESS

20 East End Avenue

BROKER

Corcoran Sunshine Marketing Group

TYPE

New construction

PRICE RANGE

$6,400,000 to $11,950,000

UNITS

SIZE RANGE

2,995 sq ft to 5,201 sq ft

UNITS FOR SALE

PPSF RANGE

$2,137 to $2,501

DEVELOPER

Corigin Real Estate Group and Florida East Coast Realty

SALES START (FINISHED BY)

January 2015 (2015)

1635 Lexington Avenue Lexington Hill Condominiums at 1635 Lexington Avenue, near East 103rd Street, is a new residential building catering to middle-income homebuyers. The Lexington Hill Condominium was developed by Sunsun Development Group and designed by Gilman Architects. This building was formerly known as the Glass Spire and has prominent balconies and setbacks. NAME/ ADDRESS

1635 Lexington Avenue

BROKER

Citadel Property Management

TYPE

New construction

PRICE RANGE

$867,450 to $1,255,800

UNITS

SIZE RANGE

739 sq ft to 1,152 sq ft

UNITS FOR SALE

PPSF RANGE

$1,110 to $1,174

DEVELOPER

Sunsun Development Group

SALES START (FINISHED BY)

October 2012 (2010)

11 East 68th Street (The Marquand) Beyer Blinder Belle Architects redesigned the 40 units in this centuryold Beaux-Arts Revival-style building called The Marquand. In one transaction last summer, investment banker Tim Leissner, who is married to Baby Phat children’s clothing line founder Kimora Lee Simmons, paid $19 million for an eighth floor, a five-bedroom, fiveand-a-half bath apartment, according to the New York Post.

NAME/ ADDRESS

11 East 68th Street (The Marquand)

BROKER

Douglas Elliman

TYPE

Conversion

PRICE RANGE

$46,500,000

UNITS

SIZE RANGE

7,058 sq ft

UNITS FOR SALE

PPSF RANGE

$6,588

DEVELOPER

HFZ Capital Group

SALES START (FINISHED BY)

May 2013 (2014)

58 | Real Estate Showcase | TheRealDeal.com

BMK is New York’s Premier Immigration Firm for EB5 investors and developers. Founded in 1930, BMK remains the oldest firm in the United States practicing immigration law exclusively. The firm has over two decades of experience representing EB5 investors from China and around the world, with many clients coming to BMK by referral. BMK also has extensive experience representing developers in the U.S. seeking to establish and operate EB5 Regional Centers. BMK provides comprehensive EB5 services, including:

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NNE EWW CCOONNDDOOS S OP N L TAHNEN EM D AF RO KR ET :: U P PA ER V EE NAT S U TR AS I D E

1355 First Avenue (The Charles) The Charles cantilevers over a five-story, white-brick building to the north. The 31-story, 104,000-square-foot Ismael Leyva-designed building has 27 full-floor units and features oak flooring and floor-to-ceiling windows. Amenities include a resident lounge, private resident storage, fitness center, children’s playroom and 24-hour doorman and concierge. NAME/ ADDRESS

1355 First Avenue (The Charles)

BROKER

Town New Development Marketing and Sales

TYPE

New construction

PRICE RANGE

$6,583,500 to $9,882,000

UNITS

SIZE RANGE

3,141 sq ft to 3,453 sq ft

UNITS FOR SALE

PPSF RANGE

$2,096 to $2,862

DEVELOPER

Bluerock Real Estate

SALES START (FINISHED BY)

October 2013 (2015)

337 East 62nd Street Architect Peter Poon’s new construction project replaced a convent at the site of Our Lady of Perpetual Help Catholic Church. Building amenities include bike room, doorman, elevator, storage and outdoor space. A townhouse with two bedrooms, the steepest listing, recently saw its price raised by $100,000 to $2.9 million.

NAME/ ADDRESS

337 East 62nd Street

BROKER

Corcoran

TYPE

New construction

PRICE RANGE

$775,000 to $2,900,000

UNITS

SIZE RANGE

551 sq ft to 2,286 sq ft

UNITS FOR SALE

PPSF RANGE

$1,407 to $2,103

DEVELOPER

Yeung Real Estate Development

SALES START (FINISHED BY)

March 2015 (2015)

60 East 86th Street (Sixty East Eighty Sixth) This Thomas Juul-Hansen-designed development from Glenwood has a Scandinavian aesthetic with materials like oak ﬂooring and custom rosewood woodwork. The building is Glenwood Management’s ﬁrst condo project after decades as one of the city’s most successful rental project developers.

NAME/ ADDRESS

60 East 86th Street (Sixty East Eighty Sixth)

BROKER

Corcoran Sunshine Marketing Group

TYPE

New construction

PRICE RANGE

$9,950,000

UNITS

SIZE RANGE

3,209 sq ft

UNITS FOR SALE

PPSF RANGE

$3,301

DEVELOPER

Glenwood Management

SALES START (FINISHED BY)

March 2014 (2015)

60 | Real Estate Showcase | TheRealDeal.com

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NEW CONDOS ON THE MARKET: UPPER EAST SIDE

151 East 78th Street Two penthouses, units A and C, entered contract for a combined total of $57 million early this year at this Spruce Capital Partners development. Architecture and interiors are by Architectural Digest 100 architect Peter Pennoyer. Amenities include a 24-hour doorman, landscaped garden, resident library, gym, yoga studio, private storage, bike room and live-in resident manager.

NAME/ ADDRESS

151 East 78th Street

BROKER

Stribling Marketing Associates

TYPE

New construction

PRICE RANGE

$10,850,000

UNITS

SIZE RANGE

3,381 sq ft

UNITS FOR SALE

PPSF RANGE

$3,209

DEVELOPER

Spruce Capital Partners

SALES START (FINISHED BY)

March 2014 (2015)

33 East 74th Street This project is converting several row houses next to the Whitney Museum into condos. The architect is Beyer Blinder Belle and interior designer is Champalimaud. Amenities include a gym and large individual storage units. In February this year, the $32 million triplex penthouse — with ﬁve bedrooms, ﬁve-and-a-half bathrooms and more than 2,000 square feet of terraces — went into contract. NAME/ ADDRESS

33 East 74th Street

BROKER

Douglas Elliman

TYPE

Conversion

PRICE RANGE

$14,750,000 to $39,000,000

UNITS

SIZE RANGE

3,889 sq ft to 5,577 sq ft

UNITS FOR SALE

PPSF RANGE

$3,793 to $6,993

DEVELOPER

JZS Madison, LLC

SALES START (FINISHED BY)

January 2014 (2015)

1110 Park Avenue Toll Brothers City Living cut the asking price of its 7,000-square-foot triplex penthouse at 1110 Park Avenue by $9 million – to $35 million, or $5,000 per square foot, in January. The ﬁve-bedroom penthouse originally hit the market for $44 million in October. The unit features a heated pool, wet bar, wood-burning ﬁreplace and a barbecue. The private rooftop terrace spans 1,738 square feet.

NAME/ ADDRESS

1110 Park Avenue

BROKER

Toll Brothers

TYPE

New construction

PRICE RANGE

$9,250,000 to $35,000,000

UNITS

SIZE RANGE

2,851 sq ft to 7,000 sq ft

UNITS FOR SALE

PPSF RANGE

$3,244 to $5,000

DEVELOPER

Toll Brothers City Living

SALES START (FINISHED BY)

August 2014 (2015)

62 | Real Estate Showcase | TheRealDeal.com

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NEW CONDOS ON THE MARKET: UPPER EAST SIDE

155 East 79th Street Once home to the candy purveyor Schrafft’s, 155 East 79th Street is a 14-ﬂoor luxury condo conversion. Developer Anbau Enterprises has transformed the building into seven duplexes. Sales began in March 2014. The project boasts ventilation technology that cleanses the air with a hospital operating-room-grade puriﬁcation system, according to the Wall Street Journal. NAME/ ADDRESS

155 East 79th Street

BROKER

Corcoran Sunshine Marketing Group

TYPE

New construction

PRICE RANGE

$9,550,000 to $15,600,000

UNITS

SIZE RANGE

3,291 sq ft to 4,311 sq ft

UNITS FOR SALE

PPSF RANGE

$2,902 to $3,619

DEVELOPER

Anbau Enterprises

SALES START (FINISHED BY)

March 2014 (2015)

554 East 82nd Street This new boutique project with a limestone facade features just four residences, all duplexes, with private outdoor space, a laundry room in each home, separate storage room, part-time doorman, virtual doorman, as well as a ﬁtness facility. It is located on a tree-lined street near Carl Schurz Park and Gracie Mansion.

NAME/ ADDRESS

554 East 82nd Street

BROKER

Nest Seekers International

TYPE

New construction

PRICE RANGE

$2,550,000 to $4,675,000

UNITS

SIZE RANGE

1,506 sq ft to 2,357 sq ft

UNITS FOR SALE

PPSF RANGE

$1,693 to $1,983

DEVELOPER

Michael Paul Enterprises

SALES START (FINISHED BY)

November 2014 (2015)

NEW CONDOS ON THE MARKET: UPPER WEST SIDE

60 Riverside Boulevard (The Aldyn) Among the standout athletic amenities offered at the Aldyn’s 40,000-squarefoot Athletic Club and Spa is a bowling alley, 38-foot rock climbing wall and a full basketball court. The 40-story building has condo and rental residences. Other sports features include a PGA golf simulator, personal training rooms, and one of only ﬁve indoor swimming pools in New York City measuring 75 feet. There’s also a 24-hour doorman, on-site parking garage and children’s indoor playroom by Kidville. NAME/ ADDRESS

60 Riverside Boulevard (The Aldyn)

BROKER

Corcoran Sunshine Marketing Group and Citi Habitats

TYPE

New construction

PRICE RANGE

$1,400,000 to $4,450,000

UNITS

286

SIZE RANGE

732 sq ft to 1,868 sq ft

UNITS FOR SALE

PPSF RANGE

$1,913 to $2,382

DEVELOPER

Extell Development

SALES START (FINISHED BY)

January 2011 (2011)

64 | Real Estate Showcase | TheRealDeal.com

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NEW CONDOS ON THE MARKET: UPPER WEST SIDE

100 West 93rd Street (100 West) Real estate investor Israel Weinberger paid $16.5 million for a condo at this 29-story building in April. The unit is 3,700 square feet. The development is located one block from Central Park. There is a 24hour attended lobby, planted terrace, ﬁtness center, community room and a garage.

NAME/ ADDRESS

100 West 93rd Street (100 West)

BROKER

Corcoran

TYPE

Conversion

PRICE RANGE

$950,000 to $1,475,000

UNITS

279

SIZE RANGE

735 sq ft to 971 sq ft

UNITS FOR SALE

PPSF RANGE

$1,262 to $1,519

DEVELOPER

Starrett Corporation

SALES START (FINISHED BY)

October 2014 (2015)

175 West 95th Street The highest-price unit on the market here is a corner, high-ﬂoor threebedroom, two-bathroom home with Hudson River views from every room, on the market for $2.02 million. A separate windowed dining area leads to an open kitchen with Ann Sacks-tiled back splash and Liebherr, Miele, Bertazzoni and Bosch appliances. Amenities include a glass-enclosed residence lounge overlooking the outdoor landscaped terrace with a separate play area, ﬁtness center, and indoor playroom. NAME/ ADDRESS

175 West 95th Street

BROKER

Corcoran

TYPE

Conversion

PRICE RANGE

$735,000 to $2,020,000

UNITS

226

SIZE RANGE

512 sq ft to 1,253 sq ft

UNITS FOR SALE

PPSF RANGE

$1,436 to $1,612

DEVELOPER

Axton Owner LLC

SALES START (FINISHED BY)

December 2014 (2015)

321 West 110th St. (One Morningside Park) A unit at One Morningside Park held the title of the priciest apartment above Central Park. The full-ﬂoor, 2,159-square-foot penthouse at 321 West 110th Street hit the market for $5.9 million last fall, according to Curbed. Artimus Construction developed the 54-unit building and GF55 Partners designed it.

NAME/ ADDRESS

321 West 110th Street (One Morningside Park)

BROKER

Brown Harris Stevens SELECT

TYPE

New construction

PRICE RANGE

$1,695,000 to $5,700,000

UNITS

SIZE RANGE

1,051 sq ft to 2,154 sq ft

UNITS FOR SALE

PPSF RANGE

$1,613 to $2,646

DEVELOPER

Artimus Construction

SALES START (FINISHED BY)

August 2013 (2014)

66 | Real Estate Showcase | TheRealDeal.com

NNE EWW CCOONNDDOOS S OP N L TAHNEN EM D AF RO KR ET :: U P P EARV EW NT EU SR T AS I D E

50 Riverside Boulevard (One Riverside Park) The priciest listings on the market at One Riverside Park are six- and sevenbedroom duplexs and penthouses with amenities like in-ground private pools, double-sided ﬁreplaces and media rooms with wet bars. The project attracted attention for its so-called “poor door” units, which would have a separate entrance and address. Still, more than 88,000 applicants applied for the 55 affordable units, despite the inability of residents who pay less to access most of the upscale building’s amenities. NAME/ ADDRESS

50 Riverside Boulevard (One Riverside Park)

BROKER

Corcoran Sunshine Marketing Group

TYPE

New construction

PRICE RANGE

$7,000,000 to $25,750,000

UNITS

183

SIZE RANGE

2,831 sq ft to 6,168 sq ft

UNITS FOR SALE

PPSF RANGE

$2,473 to $4,251

DEVELOPER

Extell Development

SALES START (FINISHED BY)

January 2014 (2015)

100 West 80th Street (The Orleans) The Orleans, a 115-year-old, 10-story Beaux-Arts building, is the second oldest of the Upper West Side’s tall buildings. Developers renovated the original 48 apartments into 20 large four- and ﬁve-bedroom units. The apartments have wood-burning ﬁreplaces and 10-foot ceilings.

NAME/ ADDRESS

100 West 80th Street (The Orleans)

BROKER

Halstead Property

TYPE

Conversion

PRICE RANGE

$5,275,000 to $5,871,775

UNITS

SIZE RANGE

2,512 sq ft to 2,639 sq ft

UNITS FOR SALE

PPSF RANGE

$2,100 to $2,225

DEVELOPER

David Sterling and Nora Lavori

SALES START (FINISHED BY)

September 2014 (2014)

498 West End Avenue This conversion project at 498 West End Avenue features a redesigned lobby, and residences offer custom chocolate-stained oak cabinetry in the kitchens and mosaic marble ﬂoors and custom vanities in the baths. Units on the market range in size from 3,347 square feet to 3,784 square feet. Building amenities include an attended lobby, ﬁtness room and bicycle storage. NAME/ ADDRESS

498 West End Avenue

BROKER

Halstead Property

TYPE

Conversion

PRICE RANGE

$7,550,000 to $8,325,000

UNITS

SIZE RANGE

3,347 sq ft to 3,784 sq ft

UNITS FOR SALE

PPSF RANGE

$2,200 to $2,256

DEVELOPER

Samson Management

SALES START (FINISHED BY)

December 2014 (2015)

68 | Real Estate Showcase | TheRealDeal.com

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NEW CONDOS ON THE MARKET: UPPER WEST SIDE

732 West End Avenue The 16-story, 14-unit building developed by Sackman Enterprises is 80 percent sold. The remaining residences include a $7.9 million penthouse with Riverside Park and Hudson River views, private keyed entry and appliances from Bertazzoni, Blomberg, Marvel and Liebherr. Building amenities include an attended lobby, private elevator access and a ﬁtness center lit by a garden-level atrium. NAME/ ADDRESS

732 West End Avenue

BROKER

Town New Development

TYPE

New construction

PRICE RANGE

$2,625,000 to $7,900,000

UNITS

SIZE RANGE

1,777 sq ft to 3,146 sq ft

UNITS FOR SALE

PPSF RANGE

$1,477 to $2,511

DEVELOPER

Sackman Enterprises

SALES START (FINISHED BY)

August 2013 (2014)

241 West 107th Street 241 West 107th is a new six-story condominium from architect Karl Fischer with six expansive apartments wrapped in a new limestone façade. There are currently three listed units, two three-bedrooms and one two-bedroom. Residences feature whitewashed red oak ﬂoors, separate dining areas and balconies off the living room and the master bedroom. Custom kitchens offer high-gloss white glass cabinetry and Fisher & Paykel stainless steel appliances. NAME/ ADDRESS

241 West 107th Street

BROKER

Douglas Elliman

TYPE

New construction

PRICE RANGE

$2,200,000 to $2,325,000

UNITS

SIZE RANGE

1,550 sq ft to 2,066 sq ft

UNITS FOR SALE

PPSF RANGE

$1,111 to $1,488

DEVELOPER

DRK Properties 107 LLC

SALES START (FINISHED BY)

November 2014 (2015)

210 West 77th Street This development offers 25 residences on 18 floors with full walls of floor-to-ceiling mahogany, glass doors and Juliet balconies. A series of stepped terraces cascade down the top floors of the building, which creates outdoor space for some apartments. The priciest unit currently on the market is a five-bedroom for $12 million.

NAME/ ADDRESS

210 West 77th Street

BROKER

Stribling Marketing Associates

TYPE

New construction

PRICE RANGE

$4,650,000 to $12,000,000

UNITS

SIZE RANGE

2,082 sq ft to 4,375 sq ft

UNITS FOR SALE

PPSF RANGE

$2,233 to $3,410

DEVELOPER

Naftali Group Development

SALES START (FINISHED BY)

September 2014 (2016)

70 | Real Estate Showcase | TheRealDeal.com

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72 | Real Estate Showcase | TheRealDeal.com

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MANHATTAN’S PRICIEST CONDOS New condos in Manhattan are coming with increasingly steep prices in the current market. The Real Deal examined projects that are currently selling to determine which had the highest-priced units by square foot. Coming in at the number one spot is 432 Park Avenue, which will be the tallest residential tower in the Western Hemisphere when ﬁnished, with a top price per square foot of $9,994. That project bested One57, where the top asking price per square foot is a cool $9,375.

NYC CONDO BUILDINGS WITH THE HIGHEST ASKING PRICES PER SQUARE FOOT

432 PARK AVENUE Top price per square foot: $9,994 Total units: 128

2 3

20 WEST 53RD STREET (BACCARAT HOTEL & RESIDENCES) Top price per square foot: $8,129 Total units: 59

4 5

7 9 11

157 WEST 57TH STREET (ONE57) Top price per square foot: $9,375 Total units: 94

33 EAST 74TH STREET Top price per square foot: $6,993 Total units: 10

11 EAST 68TH STREET (THE MARQUAND) Top price per square foot: $6,588 Total units: 40

551 WEST 21ST STREET Top price per square foot: $6,518 Total units: 44

50 WEST STREET Top price per square foot: $6,199 Total units: 191

7 HARRISON STREET Top price per square foot: $5,912 Total units: 12

180 AVENUE OF THE AMERICAS (ONE VANDAM) Top price per square foot: $5,297 Total units: 25

212 WEST 18TH STREET (WALKER TOWER) Top price per square foot: $6,380 Total units: 47

443 GREENWICH STREET Top price per square foot: $5,952 Total units: 53

140 WEST 12TH STREET (THE GREENWICH LANE) Top price per square foot: $5,393 Total units: 200

Source: Streeteasy, BuzzBuzzHome, TRD, news reports. Data as of late April/early May. List includes Manhattan condo projects that have started sales since Jan. 1, 2010 that have units on market. Projects that started sales since Jan. 1, 2010 that subsequently sold out, have all units in contract or don’t currently have any listings on the market were excluded.

74 | Real Estate Showcase | TheRealDeal.com

PRIVACY BORN NOT OF WALLS BUT OF OPEN AIR, SEA & SKY.

In the thriving heart of cosmopolitan South Florida, prepare to discover the satisfaction of savoring the rewards of prosperity in absolute privacy – born not of walls, but of open air, sea & sky. Introducing PRIVÉ, 160 impeccably appointed, generously proportioned, flow-through residences on an eight-acre private island in the South Florida Intracoastal Waterway. PRIVÉ is destined to become a veritable playground for the fortunate few who call it home, offering over 56,000 square feet of elaborate outdoor amenities, 70,000 square feet of elegant indoor amenities, and refined services. Amongst the finest waterfront condominiums on the market, what truly sets PRIVÉ apart is its unique setting as the sole address on South Florida’s last private island.

For more information, please visit our website at mypriveisland.com or call us at 866.525.3558

FROM $1.98 MILLION 5000 Island Estates Drive, Aventura, FL 33160 ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING REPRESENTATIONS OF THE DEVELOPER. FOR CORRECT REPRESENTATIONS, MAKE REFERENCE TO THIS BROCHURE AND TO THE DOCUMENTS REQUIRED BY SECTION 718.503, FLORIDA STATUTES, TO BE FURNISHED BY A DEVELOPER TO A BUYER OR LESSEE. OBTAIN THE PROPERTY REPORT REQUIRED BY FEDERAL LAW AND READ IT BEFORE SIGNING ANYTHING. NO FEDERAL AGENCY HAS JUDGED THE MERITS OR VALUE, IF ANY, OF THIS PROPERTY. All artist’s or architectural conceptual renderings, plans, prices, specifications, terms, features, dimensions, amenities, existing or future views and photos depicted or otherwise described herein are based upon preliminary development plans, and all and are subject to architectural revisions and other changes, without notice, in the manner provided in the purchase agreement or other information and the offering circular and may not be relied upon. All features listed for the residences are representative only, and the Developer reserves the right, without notice to or approval by the Buyer, to make changes or substitutions of equal or better quality for any features, materials and equipment which are included with the unit. The dimensions of units stated or shown in brochures will vary from the dimensions that would be determined based upon the description of the Unit boundaries set forth in the Declaration of Condominium. For the dimensions of the “unit” based on the depiction of “unit” in the Declaration of Condominium, refer to Exhibit 2 of the Declaration of Condominium included in the Prospectus Documents. Certain access to and rights to use recreational and other amenities within the development may be provided to the South Island, as described in the offering circular. This brochure does not constitute an offer to sell or a solicitation of an offer to buy a unit in the condominium. No solicitation, offer or sale of a unit in the condominium will be made in any jurisdiction in which such activity would be unlawful prior to any required registration therein. We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, sex, religion, handicap, familial status or national origin. *Subject to DERM approval and all other applicable government agencies. Advertising & Interactive by

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