{"id":24230,"date":"2016-10-19T09:29:54","date_gmt":"2016-10-19T13:29:54","guid":{"rendered":"http:\/\/www.propertyshark.com\/Real-Estate-Reports\/?p=24230"},"modified":"2024-03-14T21:09:07","modified_gmt":"2024-03-14T19:09:07","slug":"top-10-nyc-best-selling-buildings-q3-2016","status":"publish","type":"post","link":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2016\/10\/19\/top-10-nyc-best-selling-buildings-q3-2016\/","title":{"rendered":"Top 10 NYC Best-Selling Buildings Q3 2016"},"content":{"rendered":"

A sculptural tower in TriBeCa takes over the number one spot as NYC\u2019s best-selling building last quarter<\/strong>. Although in our Q1<\/a> and mid-year<\/a> 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<\/strong>. It managed to close 43 sales, for the swanky median sale price of $4.6M.<\/p>\n

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\u2019s $3M more than the median price in the building in Q1 and Q2.\u00a0 Meanwhile, the median home price across the borough dropped 5.5% from Q2 to reach $1.04M.<\/strong><\/p>\n

More outer-borough developments ranked among the top-selling buildings in NYC this quarter, compared to the previous two quarters.<\/strong> 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 <\/strong>trending DUMBO<\/strong><\/a>, a high-end construction that sold 32 units for a Manhattan-worthy median price of $4M.<\/strong><\/p>\n

Still, for the architecture buff in every realtor, there\u2019s 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\u2019s strongest suit: \u201c56 Leonard Street is a soaring, sculptural presence in the New York City skyline. Adding drama to Manhattan\u2019s already dramatic skyline, this iconic tower enhances the panorama of the city from many different angles.\u201d<\/p>\n

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\u00a0lavish floor plans<\/a>\u00a0that draw in buyers. Following the issue of a temporary certificate of occupancy<\/a> in May, sales pending for the past 3 years are now getting closed, and the building is now nearly sold-out.<\/p>\n

Without further ado, here are the best-selling buildings in NYC last quarter:<\/p>\n

<\/span>#1. 56 Leonard Street<\/a>, Manhattan<\/span><\/h3>\n

<\/span>Units sold: 43<\/span><\/h4>\n

<\/span>Median sale price: $4.6M<\/span><\/h4>\n

Developer:\u00a0Alexico Group<\/a> & Hines<\/a><\/strong><\/p>\n

Marketing: Corcoran Sunshine<\/a><\/strong><\/p>\n

<\/span>#2. The Art House Condominium<\/a>, Manhattan<\/span><\/h3>\n

<\/span>Units sold: 33<\/span><\/h4>\n

<\/span>Median sale price: $667K<\/span><\/h4>\n

Developer: P&G Equities\u00a0<\/strong><\/p>\n

Marketing: Corcoran<\/a><\/strong><\/p>\n

<\/span>#3. 1 John Street<\/a>, Brooklyn<\/span><\/h3>\n

<\/span>Units sold: 32<\/span><\/h4>\n

<\/span>Median sale price: $4.07M<\/span><\/h4>\n

Developer: Alloy Development<\/a><\/strong><\/p>\n

Marketing: Alloy<\/a>\u00a0& Sotheby’s<\/a><\/strong><\/p>\n

<\/span>Lincoln Towers Apartments<\/a>, Manhattan<\/span><\/h3>\n

<\/span>Units sold: 32<\/span><\/h4>\n

<\/span>Median sale price: $807K<\/span><\/h4>\n

Marketing: Residence Resources Ltd.<\/a><\/strong><\/p>\n

<\/span>#4. The Greenwich Lane<\/a>, Manhattan<\/span><\/h3>\n

<\/span>Units sold: 29<\/span><\/h4>\n

<\/span>Median sale price: $7.35M<\/span><\/h4>\n

Developer: The Rudin Family<\/a> & Global Holdings, Inc.<\/a><\/strong><\/p>\n

Marketing: Corcoran Sunshine<\/a><\/strong><\/p>\n

<\/span>#5. 432 Park Avenue<\/a>, Manhattan<\/span><\/h3>\n

<\/span>Units sold: 22<\/span><\/h4>\n

<\/span>Median sale price: $19.31M<\/span><\/h4>\n

Developer: CIM Group<\/a> & Macklowe Properties<\/a><\/strong><\/p>\n

Marketing: Douglas Elliman<\/a><\/strong><\/p>\n

<\/span>#6. 10 Madison Square West<\/a>, Manhattan<\/span><\/h3>\n

<\/span>Units sold: 21<\/span><\/h4>\n

<\/span>Median sale price: $3.71M<\/span><\/h4>\n

Developer: The Witkoff Group<\/a> & Vector Group Ltd.<\/a><\/strong><\/p>\n

Marketing: Douglas Elliman<\/a><\/strong><\/p>\n

<\/span>#7. 30 Park Place<\/a>, Manhattan<\/span><\/h3>\n

<\/span>Units sold: 20<\/span><\/h4>\n

<\/span>Median sale price: $5.06M<\/span><\/h4>\n

Developer: Silverstein Properties<\/a><\/strong><\/p>\n

Marketing: Corcoran Sunshine<\/a><\/strong><\/p>\n

<\/span>Carnegie Park Condominium<\/a>, Manhattan<\/span><\/h3>\n

<\/span>Units sold: 20<\/span><\/h4>\n

<\/span>Median sale price: $1.71M<\/span><\/h4>\n

Developer: Related\u00a0<\/a><\/strong><\/p>\n

Marketing: Corcoran Sunshine<\/a><\/strong><\/p>\n

<\/span>The Southbridge Towers<\/a>, Manhattan<\/span><\/h3>\n

<\/span>Units sold: 20<\/span><\/h4>\n

<\/span>Median sale price: $800K<\/span><\/h4>\n

Developer: Tishman Realty and Construction<\/a><\/strong><\/p>\n

<\/span>Navy Green Condominium<\/a>, Brooklyn<\/span><\/h3>\n

<\/span>Units sold: 20<\/span><\/h4>\n

<\/span>Median sale price: $434K<\/span><\/h4>\n

Developer: Dunn Development<\/a> & L+M Development Partners<\/a><\/strong><\/p>\n

Marketing: Halstead<\/a><\/strong><\/p>\n

<\/span>18th WARD<\/a>, Brooklyn<\/span><\/h3>\n

<\/span>Units sold: 20<\/span><\/h4>\n

<\/span>Median sale price: $410K<\/span><\/h4>\n

Developer: Boaz Gilad – Brookland Capital<\/a><\/strong><\/p>\n

Marketing: Apts&Lofts<\/a>, Citi Habitats<\/a><\/strong><\/p>\n

<\/span>#8. North Shore Towers<\/a>, Queens<\/span><\/h3>\n

<\/span>Units sold: 19<\/span><\/h4>\n

<\/span>Median sale price: $650K<\/span><\/h4>\n

Developer: Sigmund Sommer<\/strong><\/p>\n

Marketing: North Shore Towers<\/a><\/strong><\/p>\n

<\/span>#9. 551W21<\/a>, Manhattan<\/span><\/h3>\n

<\/span>Units sold: 18<\/span><\/h4>\n

<\/span>Median sale price: $8.99M<\/span><\/h4>\n

Developer: SR Capital<\/a>\u00a0& GTIS Partners<\/a><\/strong><\/p>\n

Marketing<\/strong>: Brown Harris Stevens<\/a><\/strong><\/p>\n

<\/span>#10. The Corinthian<\/a>, Manhattan<\/span><\/h3>\n

<\/span>Units sold: 17<\/span><\/h4>\n

<\/span>Median sale price: $1.11M<\/span><\/h4>\n

Developer: Bernard Spitzer<\/strong><\/p>\n

Marketing: Corinthian Collection<\/a><\/strong><\/p>\n

<\/span>280 Metropolitan Avenue<\/a>, Brooklyn<\/span><\/h3>\n

<\/span>Units sold: 17<\/span><\/h4>\n

<\/span>Median sale price: $894K<\/span><\/h4>\n

Developer: CB Developers<\/a>\u00a0& SK Development<\/a><\/strong><\/p>\n

Marketing: MNS<\/a><\/strong><\/p>\n

<\/span>The Bay Club<\/a>, Queens<\/span><\/h3>\n

<\/span>Units sold: 17<\/span><\/h4>\n

<\/span>Median sale price: $625K<\/span><\/h4>\n

Developer: Rose Associates<\/a> & Rentar Development<\/a><\/strong><\/p>\n

Marketing: AGRANOFF Real Estate<\/a><\/strong><\/p>\n

<\/span>Towers At Water’s Edge<\/a>, Queens<\/span><\/h3>\n

<\/span>Units sold: 17<\/span><\/h4>\n

<\/span>Median sale price: $355K<\/span><\/h4>\n

Developer: MJH Birchwood<\/strong><\/p>\n

Marketing: Towers by the Bay<\/a><\/strong><\/p>\n

\n

Methodology:<\/strong><\/p>\n

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.<\/p>\n","protected":false},"excerpt":{"rendered":"

A sculptural tower in TriBeCa takes over the number one spot as NYC\u2019s 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…<\/p>\n","protected":false},"author":45,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[328],"tags":[],"class_list":["post-24230","post","type-post","status-publish","format-standard","hentry","category-new-york-real-estate"],"yoast_head":"\nTop 10 NYC Best-Selling Buildings Q3 2016 - PropertyShark Real Estate Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2016\/10\/19\/top-10-nyc-best-selling-buildings-q3-2016\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Top 10 NYC Best-Selling Buildings Q3 2016\" \/>\n<meta property=\"og:description\" content=\"A sculptural tower in TriBeCa takes over the number one spot as NYC\u2019s best-selling building last quarter. 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