Top 10 NYC Best-Selling Buildings Q3 2016

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


56 Leonard Street © 56 Leonard LLC


#2. The Art House Condominium, Manhattan

Units sold: 33

Median sale price: $667K

Developer: P&G Equities 

Marketing: Corcoran

1810 Third Avenue © Corcoran


#3. 1 John Street, Brooklyn

Units sold: 32

Median sale price: $4.07M

Developer: Alloy Development

Marketing: Alloy & Sotheby’s

1 John Street, Brooklyn © Alloy Development


Lincoln Towers Apartments, Manhattan

Units sold: 32

Median sale price: $807K

Marketing: Residence Resources Ltd.

140 West End Avenue


#4. The Greenwich Lane, Manhattan

Units sold: 29

Median sale price: $7.35M

Developer: The Rudin Family & Global Holdings, Inc.

Marketing: Corcoran Sunshine

133 West 11th Street © The Greenwich Lane


#5. 432 Park Avenue, Manhattan

Units sold: 22

Median sale price: $19.31M

Developer: CIM Group & Macklowe Properties

Marketing: Douglas Elliman


432 Park Avenue © Marshall Gerometta


#6. 10 Madison Square West, Manhattan

Units sold: 21

Median sale price: $3.71M

Developer: The Witkoff Group & Vector Group Ltd.

Marketing: Douglas Elliman

1107 broadway
1107 Broadway


#7. 30 Park Place, Manhattan

Units sold: 20

Median sale price: $5.06M

Developer: Silverstein Properties

Marketing: Corcoran Sunshine

99 Church Street


Carnegie Park Condominium, Manhattan

Units sold: 20

Median sale price: $1.71M

Developer: Related 

Marketing: Corcoran Sunshine

carnegie park
200 East 94th Street


The Southbridge Towers, Manhattan

Units sold: 20

Median sale price: $800K

Developer: Tishman Realty and Construction


Southbridge_Towers Wikipedia
80 Gold Street


Navy Green Condominium, Brooklyn

Units sold: 20

Median sale price: $434K

Developer: Dunn Development & L+M Development Partners

Marketing: Halstead

8 Vanderbilt Avenue, Brooklyn


18th WARD, Brooklyn

Units sold: 20

Median sale price: $410K

Developer: Boaz Gilad – Brookland Capital

Marketing: Apts&Lofts, Citi Habitats

303-309 Cooper Street, Brooklyn © 18th WARD


#8. North Shore Towers, Queens

Units sold: 19

Median sale price: $650K

Developer: Sigmund Sommer

Marketing: North Shore Towers

269 Grand Central Parkway, Queens © New York Daily News


#9. 551W21, Manhattan

Units sold: 18

Median sale price: $8.99M

Developer: SR Capital & GTIS Partners

Marketing: Brown Harris Stevens

551 West 21st Street © Deconstructing NYC


#10. The Corinthian, Manhattan

Units sold: 17

Median sale price: $1.11M

Developer: Bernard Spitzer

Marketing: Corinthian Collection


345 East 37th Street © New Construction Manhattan


280 Metropolitan Avenue, Brooklyn

Units sold: 17

Median sale price: $894K

Developer: CB Developers & SK Development

Marketing: MNS

280 Metropolitan Avenue, Brooklyn © SK Development


The Bay Club, Queens

Units sold: 17

Median sale price: $625K

Developer: Rose Associates & Rentar Development

Marketing: AGRANOFF Real Estate


209-90 23rd Avenue, Queens ©


Towers At Water’s Edge, Queens

Units sold: 17

Median sale price: $355K

Developer: MJH Birchwood

Marketing: Towers by the Bay

18-15 215th Street, Queens © Carl Caridi


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.

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