2017’s Most Valuable Manhattan Condos Filed

Second on the list is The Belnord on the Upper West Side with a target sellout price of $1.35 billion. The century old rental building has obtain permission to convert into 213 condominiums. Developer HFZ Capital Group will try to get an average price of $6.1 million per apartment.

Overall, in NYC for 2017, the luxury residential real estate market was nothing to write home about but rather on par with last year. A single Manhattan building made the year memorable for condominium sales. Central Park Tower, Gary Barnett’s 95-story tower, broke records becoming the first single Manhattan building to cross the $4 billion threshold. As per the Real Deal, here is the list of New York City’s most expensive condo offering plans accepted by the NYS Attorney General’s office in 2017.

  1. Central Park Tower, developed by Extell, is poised to become the most expensive condo building in Manhattan’s history. The 179-apartment tower, located at 217 West 57th Street, filed a staggering proposed sellout price of $4,016,410,000. At the top of the list by a landslide, the tower will also become known as the city’s tallest residential building.
  2. Second on the list is The Belnord on the Upper West Side with a target sellout price of $1.35 billion. The century old rental building has obtain permission to convert into 213 condominiums. Developer HFZ Capital Group will try to get an average price of $6.1 million per apartment.
  3. Bizzi & Partners and New Valley are working on a new construction at 125 Greenwich Street. They are hoping for an $875 million sellout for the 77-story luxury tower. Apartment prices will range from $1.3 million to $6 million.

    Bizzi & Partners and New Valley are working on a new construction at 125 Greenwich Street. They are hoping for an $875 million sellout for the 77-story luxury tower. Apartment prices will range from $1.3 million to $6 million.

  4. The next notable project on the list is a new construction at Two Waterline Square in Lincoln Square. The projected 38-story, 160-unit condominium tower anticipates a $653 million sellout. The tower will be part of a trio of residential buildings on Riverside Boulevard, with 263 units in all. GID Development Group and Henley Holding Co. say condo prices will start at about $2 million.
  5. Tribeca’s landmarked clock tower building is undergoing a transformation by The Elad Group and Don Peebles’ Peebles Corporation. They hope to bring 151 condos to 108 Leonard Street, with a sellout price of $637 million.
  6. Victor Group and Lendlease filed to construct a new 55-story condominium tower at 277 Fifth Avenue in Nomad. The projected sellout price is $535 million. With 113 apartments, that works out to an average of $4.7 million per unit.
  7. The Chetrit Group is converting the landmark building on 49 Chambers Street in the Financial District. The planned 14-story building will have 99 residential apartments with a target sellout price of $334 million.

    The Chetrit Group is converting the landmark building on 49 Chambers Street in the Financial District. The planned 14-story building will have 99 residential apartments with a target sellout price of $334 million.

  8. GID Development Group’s One Waterline Square also made the list. Part of a trio, the Lincoln Square building will have 56 units and a slated sellout price of $315.3 million.
  9. The Toll Brothers’ new construction plans were accepted for a 111-unit condo building in Tribeca. The projected 20-story building has a sellout price of $314 million.
  10. Last to make the list is Noho’s 40 Bleecker Street. Broad Street Development is converting two adjacent rental buildings into a 12-story, 61-unit condominium building. The ambitious sellout price is set at $288.5 million.

    By: Hadassa Kalatizadeh

     

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