RELEASED ON August 23, 2018
Top 10 Best-Selling Residential Buildings in NYC – H1 2018
Robert Demeter | 4 minute read
Condo sales were lukewarm in the first half of 2018, as only 537 residential units traded in the top 10 best-selling buildings in New York City. By comparison, that’s 130 units short of the number sold in just one building last year. Only four buildings posted triple-digit median sale figures in Manhattan and one in Brooklyn. Brooklyn had five buildings among New York City’s top ten best-selling, with Queens and Manhattan having each three, for a total of 11 since there was a tie for the 10th place. The first two buildings that sold the most units in the first half of 2018 were in Queens, and the third position was occupied by Steiner East Village in Manhattan. Queens’ The Grand at Sky View Parc sold the most units in NYC, with a total of 98, followed by Dutch LIC (66). In Manhattan, 64 units traded for a median of $2.3 million, landing Steiner East Village the third spot. At $5 million, the most expensive median sale price was registered at 160 Leroy St. in Manhattan. Median sale prices were mixed for the other buildings, and even surprisingly low in some cases. 1255 Bushwick in Brooklyn registered a median of…
Condo sales were lukewarm in the first half of 2018, as only 537 residential units traded in the top 10 best-selling buildings in New York City. By comparison, that’s 130 units short of the number sold in just one building last year. Only four buildings posted triple-digit median sale figures in Manhattan and one in Brooklyn.
Brooklyn had five buildings among New York City’s top ten best-selling, with Queens and Manhattan having each three, for a total of 11 since there was a tie for the 10th place. The first two buildings that sold the most units in the first half of 2018 were in Queens, and the third position was occupied by Steiner East Village in Manhattan. Queens’ The Grand at Sky View Parc sold the most units in NYC, with a total of 98, followed by Dutch LIC (66). In Manhattan, 64 units traded for a median of $2.3 million, landing Steiner East Village the third spot.
At $5 million, the most expensive median sale price was registered at 160 Leroy St. in Manhattan. Median sale prices were mixed for the other buildings, and even surprisingly low in some cases. 1255 Bushwick in Brooklyn registered a median of $501,930 and Verona Condominium in Queens had a median price of $752,030.
Check out the complete ranking of New York’s top 10 best-selling buildings in 2018 below.
1
The Grand at Sky View Parc, Queens
Units sold: 98; Median sale price: $972,500
Built in 2015 and located in Downtown Flushing, The Grand at Sky View Parc is one of the largest mixed-use developments in Queens. The building encompasses 248 luxury condo units from studios to three-bedroom residences, and a wide range of amenities, including a multi-level retail space, landscaped rooftop garden, swimming pool, a supermarket, to name a just few.
The Grand at Sky View Parc was #1 in our 2017 yearly top, as well.
Developer: Onex Corporation
Architect: architectsAlliance
Marketing Company: Modern Spaces
2
Dutch LIC, Queens
Units sold: 66; Median sale price: $807,293
Located in Long Island City, 66 units were sold in Dutch LIC over the course of 6 months. Each unit is equipped with luxury finishes and state-of-the-art features, while common area amenities include a spacious lobby, tenant lounge, landscaped roof terrace and fitness center. A Food Cellar supermarket, a wide array of coffee shops, restaurants, book stores and the N/E/M/G/W/7 subway lines are minutes away of the property.
Developer: Ekstein Development
Architect: GF55 Architects
Marketing Company: Douglas Elliman
3
Steiner East Village, Manhattan
Units sold: 64; Median sale price: $2,305,471 million
The luxury condominium building is situated in East Village, and features design-driven residences which include bronze window frames and seven-inch-wide plank European white oak flooring, high interior doors with burnished brass hardware and custom Italian cabinetry in kitchens and baths. The complex also boasts a library, swimming pool and fitness center.
Developer: Steiner NYC
Architect: S9 Architecture / Paris Forino
Marketing Company: Douglas Elliman
4
One West End, Manhattan
Units sold: 57; Median sale price: $2,971,507 million
Developer: Elad Group; Silverstein Properties
Architect: Pelli Clarke Pelli Architects; Hill West Architects
Marketing Company: Douglas Elliman
5
The Nevins, Brooklyn
Units sold: 54; Median sale price: $927,883
Developer: The Naveh Shuster Group / Adam America Real Estate
Architect: Isaac & Stern
Marketing Company: Douglas Elliman
6
2100 Bedford, Brooklyn
Units sold: 36; Median sale price: $634,073
Developer: Metropolitan Homes
Architect: Karl Fischer
Marketing Company: MNS
7
Verona Condominium, Queens
Units sold: 35; Median sale price: $752,030
Developer: Park Construction
Architect: Meltzer/Costa
Marketing Company: Corcoran Group Real Estate
8
Austin Nichols House, Brooklyn
Units sold: 33; Median sale price: $983,355
Developer: Kushner Companies/LIVWRK
Architect: Morris Adjmi Architects (MA)
Marketing Company: Nest Seekers International
9
160 Leroy St., Manhattan
Units sold: 32; Median sale price: $5,044,334
At $5 million, the condos sold at 160 Leroy St. had the most expensive median sale price out of our top 10 list. Located on the banks of the Hudson river in West Village, the luxury building boasts a plethora of common amenities and state-of-the art interior finishes.
Developer: Ian Schrager, William Cottlieb Real Estate and Ares Management
Architect: Herzog & de Meuron, S9 Architecture and Christian Liaigre
Marketing Company: Douglas Elliman
10
550 Vanderbilt Ave., Brooklyn
Units sold: 31; Median sale price: $1,525,000
Developer: Greenland Forest City Partners
Architect: CookFox
Marketing Company: Nest Seekers International
10
1255 Bushwick, Brooklyn
Units sold: 31; Median sale price: $501,930
Developer: Brookland Capital
Architect: Isaac & Stern
Marketing Company: Douglas Elliman
Methodology
Properties considered for this list include only new developments. 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, 2018 and June 30, 2018.
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POSTED IN: Market Studies, New York Real Estate
Robert is a copywriter at CommercialCafe and brings 3+ years of experience in commercial real estate. He previously worked as a copywriter at PropertyShark, as a senior associate editor at Commercial Property Executive and Multi-Housing News, and also wrote monthly market reports at Yardi Matrix.
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