Adela Muresan 
A sculptural tower in TriBeCa takes over the number one spot as NYC’s best-selling building last quarter. Although in our Q1 and mid-year Top 10 lists Carnegie Park in UES reigned supreme, with by far the highest number of recorded sales, in Q3 the newish development at 56 Leonard Street became the best-selling building in all New York City. It managed to close 43 sales, for the swanky median sale price of $4.6M.
Manhattan’s new developments continue to dominate the list, as they did in Q1 and Q2, benefiting from both a large number of listings and the marketing hype that surrounds almost any sleek new construction rising in this borough. One such development, the famed 432 Park Avenue, sold 22 units in Q3 for a median price of $19M! That’s $3M more than the median price in the building in Q1 and Q2. Meanwhile, the median home price across the borough dropped 5.5% from Q2 to reach $1.04M.
More outer-borough developments ranked among the top-selling buildings in NYC this quarter, compared to the previous two quarters. New developments in Brooklyn like Navy Green and 280 Metropolitan offer quality apartments and modern amenities for a fraction of the price across the East River. A notable exception is 1 John Street in trending DUMBO, a high-end construction that sold 32 units for a Manhattan-worthy median price of $4M.
Still, for the architecture buff in every realtor, there’s nothing quite like the style and views of the #1 entry rising in the heart of TriBeCa. Fittingly, the most expensive sale recorded in the building was a top-story penthouse that went for an eye-popping $34.5M. In an exclusive interview for PropertyShark, Izak Senbahar, president of development company Alexico Group, highlighted the development’s strongest suit: “56 Leonard Street is a soaring, sculptural presence in the New York City skyline. Adding drama to Manhattan’s already dramatic skyline, this iconic tower enhances the panorama of the city from many different angles.”
For those who can afford it, 56 Leonard Street, developed by companies Alexico Group and Hines, and marketed by Corcoran Sunshine, has precisely the kind of look, height and lavish floor plans that draw in buyers. Following the issue of a temporary certificate of occupancy in May, sales pending for the past 3 years are now getting closed, and the building is now nearly sold-out.
Without further ado, here are the best-selling buildings in NYC last quarter:
#1. 56 Leonard Street, Manhattan
Units sold: 43
Median sale price: $4.6M
Developer: Alexico Group & Hines
Marketing: Corcoran Sunshine
#2. The Art House Condominium, Manhattan
Units sold: 33
Median sale price: $667K
Developer: P&G Equities
Marketing: Corcoran
#3. 1 John Street, Brooklyn
Units sold: 32
Median sale price: $4.07M
Developer: Alloy Development
Lincoln Towers Apartments, Manhattan
Units sold: 32
Median sale price: $807K
Marketing: Residence Resources Ltd.
#4. The Greenwich Lane, Manhattan
Units sold: 29
Median sale price: $7.35M
Developer: The Rudin Family & Global Holdings, Inc.
Marketing: Corcoran Sunshine
#5. 432 Park Avenue, Manhattan
Units sold: 22
Median sale price: $19.31M
Developer: CIM Group & Macklowe Properties
Marketing: Douglas Elliman
#6. 10 Madison Square West, Manhattan
Units sold: 21
Median sale price: $3.71M
Developer: The Witkoff Group & Vector Group Ltd.
Marketing: Douglas Elliman
#7. 30 Park Place, Manhattan
Units sold: 20
Median sale price: $5.06M
Developer: Silverstein Properties
Marketing: Corcoran Sunshine
Carnegie Park Condominium, Manhattan
Units sold: 20
Median sale price: $1.71M
Developer: Related
Marketing: Corcoran Sunshine
The Southbridge Towers, Manhattan
Units sold: 20
Median sale price: $800K
Developer: Tishman Realty and Construction
Navy Green Condominium, Brooklyn
Units sold: 20
Median sale price: $434K
Developer: Dunn Development & L+M Development Partners
Marketing: Halstead
18th WARD, Brooklyn
Units sold: 20
Median sale price: $410K
Developer: Boaz Gilad – Brookland Capital
Marketing: Apts&Lofts, Citi Habitats
#8. North Shore Towers, Queens
Units sold: 19
Median sale price: $650K
Developer: Sigmund Sommer
Marketing: North Shore Towers
#9. 551W21, Manhattan
Units sold: 18
Median sale price: $8.99M
Developer: SR Capital & GTIS Partners
Marketing: Brown Harris Stevens
#10. The Corinthian, Manhattan
Units sold: 17
Median sale price: $1.11M
Developer: Bernard Spitzer
Marketing: Corinthian Collection
280 Metropolitan Avenue, Brooklyn
Units sold: 17
Median sale price: $894K
Developer: CB Developers & SK Development
Marketing: MNS
The Bay Club, Queens
Units sold: 17
Median sale price: $625K
Developer: Rose Associates & Rentar Development
Marketing: AGRANOFF Real Estate
Towers At Water’s Edge, Queens
Units sold: 17
Median sale price: $355K
Developer: MJH Birchwood
Marketing: Towers by the Bay
Methodology:
Data includes only residential properties sold between July 1, 2016 and September 30, 2016. The building classes counted are condo & coop units. Package deals were not included.
