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Top 10 Best-Selling Buildings in NYC 2017 – Queens Takes the Lead with Flushing Condos

2017 was a great year for the developers of the hottest residential projects in New York City. 7 of the 10 hottest selling projects posted triple-digit sales figures, with the city’s #1 best-selling building closing 463 sales last year. By comparison 2016’s hottest-selling property closed 145 deals. Overall Queens and Brooklyn claimed the top three spots in our ranking, with Manhattan just behind the podium with New York’s #4 best-selling building – 1 W End Avenue with 133 units sold.

Queens had four buildings among New York’s top ten best-selling, with Manhattan and Brooklyn boasting 3 each. Of the 10 hottest developments in the city, half posted seven-digit median sale prices, with Manhattan in the lead. The iconic borough claimed the top two priciest projects among the city’s hottest – 50 West Street at a median sale price of $3,304,221, and 1 W End Avenue at $2,885,543.

Check out the complete ranking of New York’s top 10 best-selling buildings in 2017 below:

1

The Grand at Sky View Parc, Queens

Units sold: 463; Median sale price: $794,223

The Grand at Sky View Parc launched in 2015 following the initial Sky View Parc condo project’s success. Comprising three luxury condominium towers, the projects saw its third tower light up the Flushing market with white-hot sales, and only a handful remain on the market, despite selling a whopping 463 units in 2017. Luxury amenities abound, from tennis and basketball courts, swimming pool, and barbeque hotspots, to a spa, running track, outdoor kitchen, dog run, fitness center, and non-stop concierge service, and many more. The Grand is part of Flushing’s largest megaproject, which includes 800,000 square feet of shopping, and a six-acre rooftop garden, and 1,200 residential units.

Developer: Onex Real Estate Partners
Architect: Peter Clewes of Architects Alliance
Marketing company: Modern Spaces

Photo courtesy of the SkyView Parc

2

550 Vanderbilt, Brooklyn

Units sold: 173; Median sale price: $896,060

Surrounded by the historic neighborhoods of Prospect Heights, Boerum Hill, Fort Greene, Park Slope and Clinton Hill, 550 Vanderbilt Avenue offers the best of Brooklyn. Tree-lined streets surround the property and offer innovative cuisine, entertainment hotspots, and plenty of shopping. Natural materials and greenery abound, and the views sweep across Manhattan’s skyline, the Statue of Liberty and historic Brooklyn. LEED Silver-certified, New York’s #2 best-selling building in 2017 blends sustainable materials and practices with facilities such as 24-hour concierge service, a rooftop deck with garden plots and outdoor grills, a library, fitness center, children’s play room, secure bike storage, and parking available at Pacific Park BK . 550 Vanderbilt is also mere steps from Pacific Park’s 8 acres of park lawns, athletic fields, and dog runs.

Developer: Greenland Group, Forest City Ratner Partners
Architect: Cookfox
Marketing company: Nest Seekers International

550 Vanderbilt Avenue ©PropertyShark

3

Flushing Commons, Queens

Units sold: 141; Median sale price: $1,033,524

Part of the Flushing Commons development, 138-35 39 Avenue is a 148-unit luxury condo project in Flushing. Opened in 2017, the multi-phase development includes valet parking for 1,600 vehicles, a 62,000-square-foot YMCA, 164,000 square feet of medical and office space, 53,000 square feet of retail space, and a 1.5-acre outdoor community plaza. A second residential phase will add a further 450 condominiums to the #3 best-selling building in New York in 2017.

Developer: F&T Group, The Rockefeller Group, Aecom Capital
Architect: Perkins Eastman Architects
Marketing company: Fultonex Realty

 

138-35 39 Avenue ©PropertyShark

4

One West End, Manhattan

Units sold: 133; Median sale price: $2,885,543

Developer: Elad Group, Silverstein Properties
Architect: Pelli Clarke Pelli Architects, Hill West Architects
Marketing company: Douglas Elliman Development Marketing

1 W End Avenue ©PropertyShark

5

The Boerum, Brooklyn

Units sold: 131; Median sale price: $1,781,938

Developer: Flank, The Carlyle Group
Architect: Flank, Hill West Architects
Marketing company: Corcoran Sunshine Marketing Group

The Boerum ©PropertyShark

6

50 West, Manhattan

Units sold: 122; Median sale price: $3,304,221

Developer: Francis Greenburger
Architect: Helmut Jahn
Marketing company: Time Equities Inc.

50 West Street ©PropertyShark

7

389 E 89, Manhattan

Units sold: 112; Median sale price: $1,293,766

Developer: Magnum Real Estate Group
Architect: Ismael Leyva Architects
Marketing company: Corcoran Sunshine Marketing Group

Photo courtesy of the Corcoran Sunshine Marketing Group

8

Austin Nichols House, Brooklyn

Units sold: 98; Median sale price: $949,443

Developer:  Kushner Cos, Livwrk, Rockpoint Group
Architect: Morris Adjmi Architects
Marketing company: 184 Kent Owner LLC

9

The Harrison, Queens

Units sold: 92; Median sale price: $906,243

Developer: Silvercup Properties
Architect: GF55 Partners
Marketing company: Modern Spaces

10

East West Tower, Queens

Units sold: 72; Median sale price: $634,573

Developer: Kenny Liu
Architect: Angelo Ng & Anthony Ng Architects Studio, PC


Methodology:

Properties considered for this list included only developments and condo conversions completed since 2012. This represents an adjustment of the methodology used for previous editions of our top 10 best-selling buildings lists, where we included all residential condos regardless of year built. For this edition, we counted all sales closed between January 1st and December 31st, 2017.

Eliza Theiss

Eliza Theiss

Eliza Theiss is a senior writer reporting real estate trends in the US. Her work has been cited by CBS News, Curbed, The Los Angeles Times, and Forbes among others. With an academic background in journalism, Eliza has been covering real estate since 2012. Before joining PropertyShark, Eliza was an associate editor at Multi-Housing News and Commercial Property Executive. Eliza also writes for CommercialEdge. Reach her at [email protected]

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