New York City’s buildings have the best of everything: style, views, location, amenities, space, services, you name it! Many of the new developments have expansive floors filled with fancy facilities like bowling alleys, in-house dog runs, and basketball courts. What the new apartments lack in space, they make up for in amenities.
In more ways than one, 2014 was a stellar year for New York real estate. Many new developments and properties were sold in popular areas as well as others you wouldn’t think of. The best-selling properties were mostly located in Manhattan where the market ricocheted to surpass the previous peak of 2008, according to The New York Times. The average sales price for a luxury apartment was $1,718,530 which surpassed the 2008 record of $1,591,823.
PropertyShark compiled a list of the top 10 best-selling buildings in New York City in 2014 as per the number of units sold. Here they are:
#10. Bay Club, Queens
Units Sold: 44
Median Price: $477,000
Bay Club in Bayside came in tenth with 44 units sold last year. It is set in the middle of more than 13 acres of parkland and has 1,037 condos in two 21-story buildings. The condominium offers breathtaking views of the Manhattan Skyline, Long Island Sound, and the environs.
#9. 99 John Deco Lofts, Manhattan
Units Sold: 44
Median Price: $711,423
Of all the top 10 best-selling buildings in NYC in 2014, this one shows up every year. In 2012, it was number three; in 2013, it was number seven; in 2014, it tied for ninth place with Bay Club. The building has 442 units and sold 44 in 2014. It excellently blends the old with the new. Its exterior has gorgeous limestone and granite pinstripes which envelope newly-renovated residences.
#8. Manhattan House, Manhattan
Units Sold: 45
Median Price: $3,125,000
This is the most expensive building on the list. It is also the only one in the northern part of Midtown. Set on the Upper East Side, it has 580 units and managed to offload 45 in 2014. The condominium was designed in 1950 by Gordon Bunshaft and thoroughly renovated for sale.
#7. 15 William NY, Manhattan
Units Sold: 46
Median Price: $1,084,261
This building was initially a condo, then a condo/rental, then a condo again. It was previously known as the William Beaver House. Sales were impressive in 2014 as it sold 46 units. This is probably due to the increasing residential desirability of the Financial District.
#6. The Vista, Queens
Units Sold: 48
Median Price: $602,840
Buyers loved this building for its great location, exceptional design, and Feng Shui principles. It is one of Queens’ new luxury residential developments. In 2014, it sold all of its 48 units. The average price per square foot for many of the units is just below $1,000.
#5. 160 East 22nd, Manhattan
Units Sold: 65
Median Price: $1,868,479
This shiny, cantilevering building had preservationists worrying that cantilevering towers could become the new norm and interfere with historical buildings. Buyers didn’t seem to mind and bought 65 of the 82 units. The southern part of the building hangs over the adjacent two-story house and extends 25ft in the air.
#4. Woodside Terrace Condo,Queens
Units Sold: 76
Median Price: $401,676
This was one of the top 10 best-selling buildings in NYC in 2014 located in Queens. It sold 76 of its 96 units. The property was built in 2008 and is a mixed-use development with different units like studios and 3-bedroom apartments.
#3. 93 Worth Street, Manhattan
Units Sold: 79
Median Price: $1,573,196
This office-to-condo conversion showed signs of success since its launch in 2012. It is part of Tribeca’s mini-development explosion near Broadway. It sold 79 units in 2014. Some of its amenities include a rooftop terrace with a dog-washing station and a kitchen. Seven upscale penthouses at the rooftop add to its appeal.
#2. The Jefferson, Manhattan
Median Price: $1,725, 388
Buyers were not put off by this building’s marketing campaign which mocked the East Village history. Instead, they grabbed all the 82 units. By December 2013, the units were in contract and 80 of them closed last year. The building was named after the ancient vaudeville theater that previously occupied the site.
#1. North Shore Towers, Queens
Units sold: 115
Median Price: $495,000
This Floral Park building complex sold 115 units last year, 35 more than the first runner-up. This comes as no surprise since the towers have a tennis court, golf course, fitness center, swimming pool, movie theatre and even annual events. It appeals to homeowners of all ages, but also location, size of the units and other building amenities could account for the high number of closed sales.
New York City’s real estate underwent major changes in 2014 mainly due to new constructions and rising mortgage rates. If the trend continues, 2015 will be another great year for real estate. However, Manhattan’s popularity may decrease due to its limited supply as Queens and Brooklyn lure more buyers.
Here is the complete list of the Top 10 Best-Selling Buildings in NYC in 2014. Click on an address for a detailed property report.
||Building name||Property Address||Neighborhood||Borough||Units Sold in 2014||Total Residential Units||Median Price|
|1||North Shore Towers||26910 Grand Central Parkway||Floral Park||Queens||115||1844||$495,000|
|2||The Jeffereson||216 East 14TH Street / 211 East 13TH Street||East Village||Manhattan||80||82||$1,725,388|
|3||93 Worth||93 Worth Street||Tribeca||Manhattan||79||97||$1,573,196|
|4||Woodside Terrace Condo||63-14 Queens Boulevard||Maspeth||Queens||76||96||$401,676|
|5||160 East 22nd||160 E 22 Street||Gramercy||Manhattan||65||82||$1,868,479|
|6||The Vista||44-15 Purves Street||Hunters Point||Queens||48||48||$602,840|
|7||15 William NY||15 William Street||Financial District||Manhattan||46||319||$1,084,261|
|8||Manhattan House||200 East 66th Street||Upper East Side||Manhattan||45||580||$3,125,000|
|9||99 John Deco Lofts||99 John Street||Financial District||Manhattan||44||442||$711,423|
|10||Bay Club||2 Bay Club Drive||Bay Terrace||Queens||44||1037||$477,000|
Want more research like this? Check out New York City’s Top 10 Most Expensive Homes Sold in 2014 on PropertyShark.com.