It’s to be expected that a best-selling buildings list would find its top contenders among the many luxury properties in Manhattan. However, the first quarter of 2016 saw two buildings from Brooklyn enter the ranks of in-demand places to call home in the city of New York.
Similarly, it wasn’t only new, up-and-coming developments that managed to close a high number of deals in a short amount of time. An older co-op development found many suitors – the Southbridge Towers complex – in part, due to more affordable prices, but also because of a fresh wave of residents looking to sell following the decision to privatize.
No doubt, this is a testament to the fact that the New York City market is driven forward by more than just the ultra-rich. Even better, some developers, such as Rybak Dev., have decided to curb the trend and build great-looking, comfortable homes for regular people; or, at least, smart buyers with great credit score.
See below for the countdown of the top 10 best-selling buildings in New York City during the first quarter of 2016:
#10. Units sold: 20
150 Charles Street, West Village
Median Price: $12,258,489
91 individually designed condos overlooking the Hudson River Park make up this luxury construction, which also offers residents 40,000 square feet of landscaped green space and top-notch amenities. Added bonus for home buyers still on the fence: crossing paths with Jon Bon Jovi on their way to the pool and sauna.
#9. Units sold: 21
3041 Ocean Avenue, Sheepshead Bay
Median Price: $687,055
Located in the bustle-free waterfront neighborhood of Sheepshead Bay, this condo building was already completely spoken for in August last year, while construction was still under way. Rybak Development and Construction continue to focus on Brooklyn, with several residential projects planned for completion in the next 2 years.
Halcyon, Turtle Bay
Median Price: $4,765,021
Suitably named for the feeling it strives to encapsulate in its design, the Halcyon building is a 32-story luxury condo tower with unit prices ranging from $1.2M to $12M. Developed by HFZ Capital, it boasts a spa, a golf room and an outdoor lounge complete with a fire pit.
432 Park Avenue, Central Midtown
Median Price: $15,047,388
Developed by the CIM Group, the recently completed super-tower at 432 Park Avenue hosts 104 condos and now owns the title of tallest residential building in the world. It’s an ultra-luxurious property that awards no less than 30,000 square feet of private amenities, where the first bidders had their chance to ownership for a bargain $7M and the only still available penthouse is currently listed for a sky-high $76,500,000.
#8. Units sold: 25
80 Gold Street, Financial District
Median Price: $650,000
Part of the Southbridge Towers residential complex, the six-story building at 80 Gold Street used to function as a Mitchell-Lama co-op until fairly recently; but even now, as a privatized co-op, it offers relatively affordable prices for Lower Manhattan. However, it has not undergone any major renovation since its completion in the 70’s.
River and Warren, Battery Park City
Median Price: $2,443,800
Already featured on our top selling buildings list of 2015, the River and Warren building offers views over the Hudson River and a waterfront green area. Several units are still available for those looking for an enviable address in an up-and-coming neighborhood.
#7. Units sold: 26
Median Price: $803,399
A six story condo development featuring smaller units (studios and one- or two-bedroom apartments), Forty2East sits at the heart of Williamsburg and offers an easy commute to Manhattan. One bedroom listings still on the market go for $650K on the top floor and include amenities such as a rear yard, a roof deck, a fitness center and a multi-media lounge.
#6. Units sold: 28
Fifty Third and Eighth, Hell’s Kitchen
Median Price: $1,585,048
252-unit condominium developed with a mid-budget buyer in mind, Fifty Third and Eighth still boasts a prime location and high class amenities. Developers at HFZ Capital caught the wave of “affordable luxury housing” taking over Manhattan in the past few years, designing apartments that satisfy a taste for refined finishes, yet cut down on space to keep prices bellow eight-digit figures.
#5. Units sold: 33
371 Broadway, TriBeCa
Median Price: $2,469,218
20 stories high, with cast iron frames wrapping around panoramic windows, 371 Broadway (also known as 5 Franklin Place) is a fine example of modern, yet legacy-inspired architecture in TriBeCa. Flaunting a great location and inspired design, this building welcomes chic home buyers to a total of 52 apartments and 7 penthouses.
#4. Units sold: 35
The Seymour Condominium, Chelsea
Median Price: $2,133,234
The facade reminiscent of the neighborhood’s industrial past should fool no one, as this is one fancy and finely finished new condo development – with a price tag to match. Serene and elegant amenities complete the sophisticated look intended to offer a calming sanctuary away from the vibrating cultural scene in Chelsea.
#3. Units sold: 37
135W52, Theatre District
Median Price: $3,070,024
Ideally situated between Central Park, 5th Avenue and Broadway, this luxury condo building at 135 West 52 Street offers one to four-bedroom residences and 5 penthouses, the priciest of which is still available for an arm and a leg at $16.8 mil.
#2. Units sold: 41
Greenwich Lane, Greenwich Village
Median Price: $6,046,404
The Greenwich Lane residential complex that’s fully LEED certified includes 5 condo buildings and 5 townhouses, and prides itself on state-of-the-art design by Thomas O’Brien and exquisite amenities. Comprising a total of 199 residential units, this luxury condominium and townhouse complex saw one of its duplex penthouses sold for $18.87 million back in January.
#1. Units sold: 103
Carnegie Park, Upper East Side
Median Price: $1,489,705
The Carnegie Park condominium offers residents elite amenities and style signed by the creative minds at Robert A.M. Stern Architects. Built by Related in the 80’s , it was renovated as a condo building and opened its doors for business last year. In the span of the last three months, it managed to close a jaw-dropping 103 deals of their total of 287 units. At the time of this article, there were only 17 units still available.
Figures used to compile this report were collected by PropertyShark from public sources recording closed sales between January 1, 2012 and March 31, 2016. This report covers condo and co-op building classes only. Package deals were not included.