27 Aug These New York City Buildings Sold The Most Units In The First Half Of 2019
The results are in for the New York City buildings with the most sales in the first half of 2019, with the Lower East Side waterfront tower One Manhattan Square topping lists from the real estate blog PropertyShark and the listings marketplace PropertyClub.
Though both sites used Department of Finance data, they had slightly different findings, such as PropertyShark naming 121 E. 22nd St. as fourth, while PropertyClub had 111 Murray St. in that spot. Representatives from the companies said they used varying search tactics when polling the DOF. PropertyShark, for example, counted all deeds signed between Jan. 1 and June 30, and PropertyClub only included condos.
Their lists are largely the same however, and both reported that Extell Development has had a busy year in One Manhattan Square.
“This is a testament to the building’s incredible offerings, which include luxury finishes, incredible views, unprecedented amenities and significant savings from the 20-year tax abatement,” Raizy Haas, senior vice president of development at Extell, said. “One Manhattan Square … surpasses everyone’s expectations. There’s simply nothing else like it in the city.”
Corcoran Sunshine Marketing Group hustled into four of PropertyClub’s top 10 buildings. Working alongside developer Related Companies’ sales department, it landed 15 Hudson Yards, located adjacent to the Instagram-famous “Vessel,” in the site’s No. 2 spot.
Corcoran is also handling sales for the only non-Manhattan building to make both sites’ top five lists, The Greenpoint in Brooklyn. Its rentals are represented by the New York City brokerage Citi Habitats.
Via a cross-referencing of both reports, here are the five New York City buildings with the highest sales volume in the first half of this year, according to PropertyClub and PropertyShark:
1. One Manhattan Square, 225 Cherry St.
Total units sold: 119 (PropertyClub), 121 (PropertyShark)
Total $: $195,427,471 (PropertyClub)
Median $: $1,409,185 (PropertyClub) $1,647,651 (PropertyShark)
Completed this year by Extell Development, the 80-story, 815-condo tower at 252 South St. was designed by Adamson Associates Architects and Meyer Davis Studios. Among its features are more than 100,000 square feet of amenities, including an infrared sauna, a pool and several sports courts.
2. 15 Hudson Yards
Total units sold: 101 (PropertyClub), 98 (PropertyShark)
Total $: $379,508,639 (PropertyClub)
Median $: $2,945,349 (PropertyClub), $3,738,106 (PropertyShark)
Located in Manhattan’s new west-side neighborhood, the 88-story tower at 15 Hudson Yards was brought to us by developers Related Companies and Oxford properties, and was designed by Diller Scofidio + Renfro, along with Rockwell Group, who did the interiors. It opened for occupancy this year and has 285 condos.
3. The Greenpoint, 21 India St., Brooklyn
Total units sold: 62 (PropertyClub), 63 (PropertyShark)
Total $: $95,058,699 (PropertyClub)
Median $: $1,570,651 (PropertyClub), $1,535,456 (PropertyShark)
Leading sales in Brooklyn is The Greenpoint, located on the waterfront of the neighborhood it’s named for. Developed by Mack Real Estate Group, Urban Development Partners, Palin Enterprises and designed by Ismael Leyva Architects, the 40-story development has 95 condos and more than 350 rental units. It opened for occupancy in late 2018.
4. 121 E. 22nd St.
Total units sold: 59 (PropertyShark)
Total $: N/A
Median $: $2,335,375 (PropertyShark)
This 18-story Gramercy Park development, built by Toll Brothers and Gemdale USA Corp, has 140 condos and was the first New York City building designed by the international architecture firm OMA. It’s the oldest building in the top five list, having been completed in 2016.
5. 111 Murray St.
Total units sold: 53 (PropertyClub), 56 (PropertyShark)
Total $: $349,756,724 (PropertyClub)
Median $: $5,563,350 (PropertyClub), $6,533,691 (PropertyShark)
Coming in fifth for PropertyShark, but fourth for Property Club, is 111 Murray St., a 64-story Tribeca building from developers Fisher Brothers, Witkoff, and New Valley. Designed by architects Kohn Pedersen Fox and Goldstein, along with Hill & West, it opened for occupancy in 2018 and features 157 condos.
Original Post: Forbes