Roxana Poenar In our recent ranking of the priciest neighborhoods in New York City in Q3 2017, Manhattan had a total of 24 neighborhoods in the top 50, of which 8 were also in the top 10. At the same time, Brooklyn performed admirably, with 21 of the 50 spots on our list, and claiming the remaining two spots in the top 10. However, when it comes to the best-selling buildings, it’s Queens that steals the spotlight.
The SkyView Parc residential community located at 131-03 40th Road in Flushing, Queens takes the top spot on our list of the 10 best-selling New York City buildings in Q3. Queens has a total of four buildings in the top 10, emphasizing, once again, the fast-paced rhythm at which it is developing. The borough has recently seen massive investments, catering especially to the needs of luxury buyers being priced out of Manhattan and Brooklyn.
The Grand at SkyView Parc sold 92 units in Q3, with a median sale price of $799,569. The impressive, newly completed second tower of this development offers studios to three-bedroom units and, apart from boasting attractive price tags, the surrounding Downtown Flushing community also provides good access to Manhattan via the 7 train and LIRR.
Onex Real Estate Partners President Michael Dana gave us more details about what living at The Grand means. “As The Grand’s amenity spaces are nearing completion, buyers are able to see for themselves the lifestyle that living at The Grand provides. From the Grand Club fitness center and spa to the 7-acre rooftop park, The Grand and its residences deliver a set of premium finishes, outdoor space and striking Manhattan views unlike any other property in the market.”
Coming in second is the luxurious 389 East 89 building in Manhattan, with a total of 49 units sold and a median sale price of $1,840,691. Paris Forino Interior Architecture was in charge of the sophisticated interior design, giving the building an understated glam look by merging old accents with modern styles.
Another Manhattan development that got our attention is the tower at 41-43 East 22nd Street, which accounts for the highest median sale price on our list. The Madison Square Park Tower sold 45 units in Q3 2017, boasting a median sale price of $6,423,108.
The luxury condominiums at 138-35 39th Avenue in Queens round out our top 3 best-selling buildings in New York City. Also known as Flushing Commons, the high-end building sold a total of 46 units in Q3, at a median sale price of $1,014,585. Designed by Perkins Eastman, the community features apartments ranging from one- to four-bedrooms, and welcomes residents with a 1.5-acre open-air plaza featuring outdoor cafes, restaurants and shops, among other amenities.
Take a look at the complete top 10 below, and find out which other new developments were favored by buyers in Q3 2017.
10
1 West End Avenue, Manhattan
Units sold: 17; Median sale price: $3,160,065
Developer: Elad Group & Silverstein Properties
Architect: Pelli Clarke, Pelli Architects
9
80 West Street, Brooklyn
Units sold: 25; Median sale price: $950,000
Developer: Evenhar Development Corporation
Architect: Karl Fischer Architect
8
The Harrison, Queens
Units sold: 30; Median sale price: $822,237
Developer: Silvercup Properties
Architect: GF55 Partners
7
550 Vanderbilt Avenue, Brooklyn
Units sold: 41; Median sale price: $935,500
Developer: Greenland Forest City Ratner Partners
Architect: CookFox
6
Austin Nichols House, Brooklyn
Units sold: 42; Median sale price: $939,025
Developer: Kushner Cos, Livwrk, and Rockpoint Group
Architect: Morris Adjmi Architects
5
Madison Square Park Tower, Manhattan
Units sold: 45; Median sale price: $6,423,108
Developer: The Continuum Company
Architect: Kohn Pedersen Fox Associates
4
East West Tower, Queens
Units sold: 46; Median sale price: $628,362
Developer: Kenny Liu
Architect: A.Ng&A.Ng, Architects Studio, Pc
3
138-35 39 Avenue, Queens
Units sold: 46; Median sale price: $1,014,585
Developer: F&T Group, The Rockefeller Group, and Aecom Capital
Architect: Perkins Eastman Architects
2
389 E. 89 Street, Manhattan
Units sold: 49; Median sale price: $1,840,691
Developer: Magnum Real Estate Group
Architect: Ismael Leyva Architects
1
SkyView Parc, Queens
Units sold: 92; Median sale price: $799,569
Developer: Onex Real Estate Partners
Architect: Peter Clewes, Architects Alliance
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 July 1st and September 30th 2017.
