MONDO CONDO A wave of new New York City condos ranges from affordable to astronomical — NY Daily

MONDO CONDO A wave of new New York City condos ranges from affordable to astronomical - NY Daily

New York City hasn’t seen this many new condos since 2006

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Williams NY In Battery Park City, a rental building at 212 Warren St. is going condo

Another condo development wave is rising, but this time it might actually benefit real people.

More than half of the 2,500 new apartments slated to hit the market in Manhattan this fall will be geared toward first-time and price-sensitive buyers, according to data from real estate firm Corcoran Sunshine Marketing Group.

“Luxury new development remains a hot topic and a highly successful market segment, but in the next few months entry- and mid-level buildings will rejoin the conversation in a big way,” said Kelly Kennedy Mack, president of Corcoran Sunshine. “This is fantastic news for buyers in this severely undersupplied segment.”

But there is plenty for billionaires, too. The remainder of the new product will cater to the 1% and no one else.

The other 40% of units coming online this fall are considered luxury pads, with prices averaging $1.5 million for a one-bedroom.

Buyers hoping to flee Manhattan to find a bargain in Brooklyn or Queens are out of luck. Most new condo developments in the outer boroughs won’t come to market for six to 24 months, said Dave Maundrell, CEO of Brooklyn-based brokerage AptsandLofts.com.

And even those projects provide minuscule supply amid feverish demand. When a boutique condo project opened at 13 Melrose St. in Bushwick last week, 100 people turned up to look at just eight apartments.

“It’s craziness,” Maundrell said. “There are lines around the block at every building.”

The pent-up demand for outer-borough pads is driving up prices and forcing prospective buyers to continue renting, even as the rental market continues to heat up.

Here’s a look at some of the most notable condos launching sales this fall:

Moso Studio On the Lower East Side, a new building at 100 Norfolk St. is set to debut

100 Norfolk St .

Here’s one for scenesters and trust-fund kids.

This 12-story chiseled glass tower at 100 Norfolk St. looks vaguely extraterrestrial amid the old tenement buildings of the Lower East Side.

The building’s 38 apartments are priced from $800,000 to more than $4 million.

The funky reverse tiers provide lots of green space, and the building’s three luxe penthouses will have their own terraces.

The building, being developed by Adam America Real Estate in partnership with the Naveh Shuster Group and the Horizon Group, also will have a 24-hour concierge, a state-of-the-art gym and a yoga room.

More importantly, the building is one of only a select few that is likely to have a 421-a tax abatement, meaning buyers will pay less in tax during the first few years of ownership.

Ariel Tirosh of Douglas Elliman is the broker.

Williams NY The most expensive units at River Warren will top $10 million

River & Warren

Be Leonardo DiCaprio’s next-door neighbor at this lower Manhattan gem.

In Battery Park City, a nice rental building at 212 Warren St. is being transformed into a high-end condo with prices ranging from $1.3 million for a one-bedroom apartment to $10 million for a five-bedroom spread.

The name has also changed from 22 River Terrace to reflect the intersection where it stands.

The developer, a joint venture between Centurion Real Estate Partners and Five Mile Capital Partners, will launch sales at the 192-unit project in October.

The building is marketed by Corcoran Sunshine and has a concierge, a full-time doorman, a playroom for kids, a roof deck and private storage.

And maybe the best amenity is that DiCaprio owns a pad next door, at 2 River Terrace.

HayesDavidson/HayesDavidson The building at 443 Greenwich St. used to be used as a book bindery

443 Greenwich St.

A former book bindery turned condo development in Tribeca will launch sales later this month.

The project will have 45 loft-style units and eight penthouses, the priciest of which will reportedly be listed for a breathtaking $53 million. If it sells for that price, it would become the most expensive apartment ever sold downtown.

The smallest units will be the 2,000-square-foot two-bedroom pads, which will start at $7 million.

The building, which dates back to 1882, is being converted by Financial District real estate kingpin Nathan Berman of MetroLoft Management, who reportedly bought it in 2012 with help from an unidentified Russian billionaire.

Cantor-Pecorella is heading up sales.

WILLIAMS NY Ian Bruce Eichner is planning this flashy tower in the Flatiron District

45 E. 22nd St.

This skyline-altering glass tower has serious pizzazz.

Developed by real estate titan Ian Bruce Eichner, the stunning 64-story plinth, designed by Museum of Modern Art architect Kohn Pedersen Fox Associates, will rise to 777 feet, giving residents 360-degree views of Manhattan.

Apartments will range from one- to four-bedrooms, but pricing hasn’t been released.

Buyers will have to be content with delayed gratification, since the tower will not be ready for move-ins until 2016, but it looks like it will be worth the wait.

Corcoran Sunshine Marketing Group is handling sales.

WILLIAMS NY In Tribeca, a new tower will come on the market at 11 Beach St.

11 Beach St.

Another developer is capitalizing on the cachet of celeb-studded Tribeca by converting an old commercial building dating from 1910 to condos.

The property will have 27 residences, including lofts, penthouses and townhouses, ranging from three- to five-bedrooms. The developer, HFZ Capital Group, said prices will start at $4.5 million.

Designer Thomas Juul-Hansen, who masterminded the luxurious interiors of mega tower One57 at 157 W. 57th St. will do the same at this building, which will also have a landscaped roof garden, a state-of-the-art fitness center, a children’s playroom and a 24-hour doorman. But it won’t be ready to live in until 2016.

Douglas Elliman Development Marketing is the marketing and sales agent.

Hayes Davidson SoHo is getting a new gem at 27 Wooster St.

27 Wooster St.

A tiny 15-unit boutique condo building in sought-after SoHo will hit the market later this month.

The condo, on the corner of Grand and Wooster Sts. was converted from one of the last remaining parking lots in the trendy neighborhood and will include family-sized apartments ranging from three- to five-bedrooms.

Amenities will include a 24-hour attended lobby, a fitness room and parking.

Raphael De Niro of Douglas Elliman is handling sales.

The developer, a joint venture led by Axel Stawski and Anthony Leichter, declined to comment on pricing.

Zion Enterprises Hell’s Kitchen isn’t so hellish anymore. It’s getting a brand new condo

432 W. 52nd St.

Hell’s Kitchen’s makeover into a high-end locale is complete. Now, developers are looking to cash in.

A 55-unit luxury residential building will debut in the heart of the formerly seedy neighborhood this fall, though pricing remains unclear.

West Coast developer Zion Enterprises and partner JVL Property Group nabbed the site, which was formerly part of St. Vincent’s Midtown Hospital, this spring from developer the Chetrit Group.

It will finish the conversion Chetrit started, building homes ranging in size from 432-square-foot studios to 1,400-square-foot duplexes.

The property also will have a resident’s lounge, a fitness center and a common rooftop garden. Jaclyn Boulan and Mike Chapman of Stribling & Associates are the brokers.

A new tower at 325 Lexington Ave. offers more than 80 one-bedroom apartments

325 Lexington Ave.

A 33-story glass building debuting near Grand Central Terminal is geared toward entry-level and pied-à-terre buyers, with 123 apartments ranging from studios to two-bedrooms.

One-bedroom apartment hunters will have plenty to pick from; those 82 units come in a variety of layouts. The building also has two full-floor penthouses.

The cheapest unit will cost $725,000 and the most expensive will come in at $7 million.

The tower is the first New York City residential condo to be developed by California-based real estate company Carmel Partners.

Corcoran Sunshine is the broker.

SOM A new tower on 57th St. will have condos and rentals

252 E. 57th St.

As if there weren’t enough new towers coming to 57th St. the World Wide Group will launch sales at its angular glass tower at 252 E. 57th St. this month, with prices reportedly starting at $4.2 million. That’s pretty good for 57th St. where recent deals have topped $90 million at buildings such as One57.

The unusual hybrid 65-story tower will comprise 93 condos atop 173 rental units.

Amenities include a screening room, a billiards room, a gym, a 75-foot swimming pool and a spa.

Naftali Group On the Upper West Side, a new project is coming to market near Central Park

210 W. 77th St.

The Upper West Side’s new-development drought is finally over — sort of.

An 18-story condo tower near the American Museum of Natural History will open for sales this fall, with price tags that reflect its tony location two blocks from Central Park.

The apartments range from $4.85 million to a whopping $21 million, according to developer the Naftali Group.

The Danish brick building, dubbed Two Ten West 77, will have 25 luxury homes with solid white oak floors, fireplaces and outdoor terraces. They will be accessed via an elevator that opens directly into the apartments.

Amenities include a 24-hour doorman, a concierge, a roof terrace, a fitness center and bicycle storage. Corcoran Sunshine Marketing Group is leading sales efforts.

Luca Andrisani This quirky development is built to honor Brooklyn Bridge

538 Union Ave.

Buyers are crawling all over even the tiniest projects in Brooklyn, given the lack of available product in the borough.

Case in point is this new 13-unit condo near Williamsburg’s McCarren Park, which will comprise one- and two-bedroom apartments and is slated to sell out fast.

The developer, Withers Owner LLC, nabbed the site for just over $1 million in 2007 and is likely to make a tidy profit. The median price for a Williamsburg apartment is $1.15 million, according to listings website CityRealty.

Sales are slated to launch this fall.

538 Washington Ave.

Vicky Chan — Avoid Obvious LLC/Withers Owner LLC In Brooklyn, a new project is coming on the market at 538 Union Ave.

How much more Brooklyn can you get?

Another teeny-weeny condo slated to launch sales in Clinton Hill is designed to look like the Brooklyn Bridge, with an operable steel screen masking the façade.

The property will have just 10 units, ranging from studios to three-bedroom pads with home offices. Each buyer will have the option to own some private outdoor space on the roof deck — at a cost, of course.

Prices start at $425,000 and go all the way to $1.8 million.

Halstead Property Development Marketing is handling sales.

Myles Horn These co-ops in Elmhurst are surprisingly affordable

87-10 51st Ave.

Queens is a wasteland for new condos, as developers build rental towers en masse.

But this redeveloped co-op building in Elmhurst may provide some limited relief for price-sensitive buyers.

New York City hasn’t seen this many new condos since 2006

Share this URL

Williams NY In Battery Park City, a rental building at 212 Warren St. is going condo

Another condo development wave is rising, but this time it might actually benefit real people.

More than half of the 2,500 new apartments slated to hit the market in Manhattan this fall will be geared toward first-time and price-sensitive buyers, according to data from real estate firm Corcoran Sunshine Marketing Group.

“Luxury new development remains a hot topic and a highly successful market segment, but in the next few months entry- and mid-level buildings will rejoin the conversation in a big way,” said Kelly Kennedy Mack, president of Corcoran Sunshine. “This is fantastic news for buyers in this severely undersupplied segment.”

But there is plenty for billionaires, too. The remainder of the new product will cater to the 1% and no one else.

The other 40% of units coming online this fall are considered luxury pads, with prices averaging $1.5 million for a one-bedroom.

Buyers hoping to flee Manhattan to find a bargain in Brooklyn or Queens are out of luck. Most new condo developments in the outer boroughs won’t come to market for six to 24 months, said Dave Maundrell, CEO of Brooklyn-based brokerage AptsandLofts.com.

And even those projects provide minuscule supply amid feverish demand. When a boutique condo project opened at 13 Melrose St. in Bushwick last week, 100 people turned up to look at just eight apartments.

“It’s craziness,” Maundrell said. “There are lines around the block at every building.”

The pent-up demand for outer-borough pads is driving up prices and forcing prospective buyers to continue renting, even as the rental market continues to heat up.

Here’s a look at some of the most notable condos launching sales this fall:

Moso Studio On the Lower East Side, a new building at 100 Norfolk St. is set to debut

100 Norfolk St .

Here’s one for scenesters and trust-fund kids.

This 12-story chiseled glass tower at 100 Norfolk St. looks vaguely extraterrestrial amid the old tenement buildings of the Lower East Side.

The building’s 38 apartments are priced from $800,000 to more than $4 million.

The funky reverse tiers provide lots of green space, and the building’s three luxe penthouses will have their own terraces.

The building, being developed by Adam America Real Estate in partnership with the Naveh Shuster Group and the Horizon Group, also will have a 24-hour concierge, a state-of-the-art gym and a yoga room.

More importantly, the building is one of only a select few that is likely to have a 421-a tax abatement, meaning buyers will pay less in tax during the first few years of ownership.

Ariel Tirosh of Douglas Elliman is the broker.

Williams NY The most expensive units at River & Warren will top $10 million

River & Warren

Be Leonardo DiCaprio’s next-door neighbor at this lower Manhattan gem.

In Battery Park City, a nice rental building at 212 Warren St. is being transformed into a high-end condo with prices ranging from $1.3 million for a one-bedroom apartment to $10 million for a five-bedroom spread.

The name has also changed from 22 River Terrace to reflect the intersection where it stands.

The developer, a joint venture between Centurion Real Estate Partners and Five Mile Capital Partners, will launch sales at the 192-unit project in October.

The building is marketed by Corcoran Sunshine and has a concierge, a full-time doorman, a playroom for kids, a roof deck and private storage.

And maybe the best amenity is that DiCaprio owns a pad next door, at 2 River Terrace.

HayesDavidson/HayesDavidson The building at 443 Greenwich St. used to be used as a book bindery

443 Greenwich St.

A former book bindery turned condo development in Tribeca will launch sales later this month.

MONDO CONDO A wave of new New York City condos ranges from affordable to astronomical - NY Daily

The project will have 45 loft-style units and eight penthouses, the priciest of which will reportedly be listed for a breathtaking $53 million. If it sells for that price, it would become the most expensive apartment ever sold downtown.

The smallest units will be the 2,000-square-foot two-bedroom pads, which will start at $7 million.

The building, which dates back to 1882, is being converted by Financial District real estate kingpin Nathan Berman of MetroLoft Management, who reportedly bought it in 2012 with help from an unidentified Russian billionaire.

Cantor-Pecorella is heading up sales.

WILLIAMS NY Ian Bruce Eichner is planning this flashy tower in the Flatiron District

45 E. 22nd St.

This skyline-altering glass tower has serious pizzazz.

Developed by real estate titan Ian Bruce Eichner, the stunning 64-story plinth, designed by Museum of Modern Art architect Kohn Pedersen Fox Associates, will rise to 777 feet, giving residents 360-degree views of Manhattan.

Apartments will range from one- to four-bedrooms, but pricing hasn’t been released.

Buyers will have to be content with delayed gratification, since the tower will not be ready for move-ins until 2016, but it looks like it will be worth the wait.

Corcoran Sunshine Marketing Group is handling sales.

WILLIAMS NY In Tribeca, a new tower will come on the market at 11 Beach St.

11 Beach St.

Another developer is capitalizing on the cachet of celeb-studded Tribeca by converting an old commercial building dating from 1910 to condos.

The property will have 27 residences, including lofts, penthouses and townhouses, ranging from three- to five-bedrooms. The developer, HFZ Capital Group, said prices will start at $4.5 million.

Designer Thomas Juul-Hansen, who masterminded the luxurious interiors of mega tower One57 at 157 W. 57th St. will do the same at this building, which will also have a landscaped roof garden, a state-of-the-art fitness center, a children’s playroom and a 24-hour doorman. But it won’t be ready to live in until 2016.

Douglas Elliman Development Marketing is the marketing and sales agent.

Hayes Davidson SoHo is getting a new gem at 27 Wooster St.

27 Wooster St.

A tiny 15-unit boutique condo building in sought-after SoHo will hit the market later this month.

The condo, on the corner of Grand and Wooster Sts. was converted from one of the last remaining parking lots in the trendy neighborhood and will include family-sized apartments ranging from three- to five-bedrooms.

Amenities will include a 24-hour attended lobby, a fitness room and parking.

Raphael De Niro of Douglas Elliman is handling sales.

The developer, a joint venture led by Axel Stawski and Anthony Leichter, declined to comment on pricing.

Zion Enterprises Hell’s Kitchen isn’t so hellish anymore. It’s getting a brand new condo

432 W. 52nd St.

Hell’s Kitchen’s makeover into a high-end locale is complete. Now, developers are looking to cash in.

A 55-unit luxury residential building will debut in the heart of the formerly seedy neighborhood this fall, though pricing remains unclear.

West Coast developer Zion Enterprises and partner JVL Property Group nabbed the site, which was formerly part of St. Vincent’s Midtown Hospital, this spring from developer the Chetrit Group.

It will finish the conversion Chetrit started, building homes ranging in size from 432-square-foot studios to 1,400-square-foot duplexes.

The property also will have a resident’s lounge, a fitness center and a common rooftop garden. Jaclyn Boulan and Mike Chapman of Stribling Associates are the brokers.

A new tower at 325 Lexington Ave. offers more than 80 one-bedroom apartments

325 Lexington Ave.

A 33-story glass building debuting near Grand Central Terminal is geared toward entry-level and pied-à-terre buyers, with 123 apartments ranging from studios to two-bedrooms.

One-bedroom apartment hunters will have plenty to pick from; those 82 units come in a variety of layouts. The building also has two full-floor penthouses.

The cheapest unit will cost $725,000 and the most expensive will come in at $7 million.

The tower is the first New York City residential condo to be developed by California-based real estate company Carmel Partners.

Corcoran Sunshine is the broker.

SOM A new tower on 57th St. will have condos and rentals

252 E. 57th St.

As if there weren’t enough new towers coming to 57th St. the World Wide Group will launch sales at its angular glass tower at 252 E. 57th St. this month, with prices reportedly starting at $4.2 million. That’s pretty good for 57th St. where recent deals have topped $90 million at buildings such as One57.

The unusual hybrid 65-story tower will comprise 93 condos atop 173 rental units.

Amenities include a screening room, a billiards room, a gym, a 75-foot swimming pool and a spa.

Naftali Group On the Upper West Side, a new project is coming to market near Central Park

210 W. 77th St.

The Upper West Side’s new-development drought is finally over — sort of.

An 18-story condo tower near the American Museum of Natural History will open for sales this fall, with price tags that reflect its tony location two blocks from Central Park.

The apartments range from $4.85 million to a whopping $21 million, according to developer the Naftali Group.

The Danish brick building, dubbed Two Ten West 77, will have 25 luxury homes with solid white oak floors, fireplaces and outdoor terraces. They will be accessed via an elevator that opens directly into the apartments.

Amenities include a 24-hour doorman, a concierge, a roof terrace, a fitness center and bicycle storage. Corcoran Sunshine Marketing Group is leading sales efforts.

Luca Andrisani This quirky development is built to honor Brooklyn Bridge

538 Union Ave.

Buyers are crawling all over even the tiniest projects in Brooklyn, given the lack of available product in the borough.

Case in point is this new 13-unit condo near Williamsburg’s McCarren Park, which will comprise one- and two-bedroom apartments and is slated to sell out fast.

The developer, Withers Owner LLC, nabbed the site for just over $1 million in 2007 and is likely to make a tidy profit. The median price for a Williamsburg apartment is $1.15 million, according to listings website CityRealty.

Sales are slated to launch this fall.

538 Washington Ave.

Vicky Chan — Avoid Obvious LLC/Withers Owner LLC In Brooklyn, a new project is coming on the market at 538 Union Ave.

How much more Brooklyn can you get?

Another teeny-weeny condo slated to launch sales in Clinton Hill is designed to look like the Brooklyn Bridge, with an operable steel screen masking the façade.

The property will have just 10 units, ranging from studios to three-bedroom pads with home offices. Each buyer will have the option to own some private outdoor space on the roof deck — at a cost, of course.

Prices start at $425,000 and go all the way to $1.8 million.

Halstead Property Development Marketing is handling sales.

Myles Horn These co-ops in Elmhurst are surprisingly affordable

87-10 51st Ave.

Queens is a wasteland for new condos, as developers build rental towers en masse.

But this redeveloped co-op building in Elmhurst may provide some limited relief for price-sensitive buyers.

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