400 Park avenue south New Development Update

Toll Brother’s NoMad ground up construction has apparently not been selling at the speed anticipated. According to Streeteasy.com, several of the apartments have been pulled off the market and a few have seen fairly large price reductions. Curently, there are 11 apartments in the market from $1.519 million for a 664 sqft 1 bedroom to $6.154 million for a 3bd/3ba 2753 sqft layout in the Christian de Portzamparc building.  Three of those 11 apartments have seen reductions including apartment 28E which has been reduced to just under $1.8 million from its original ask of $2.119 million.

400 PAS

The building has 81 units spread over 40 stories and offers a 27th floor sky lounge plus other requisite amenities like a lap pool, yoga room, spin room and a steam room.

Naftali Group's UWS condo which launched last year with prices starting at $4.9mm and didn't sell any units so pulled them off the market. In 2015, sales have begun with 11 contracts signed as per Streeteasy.com
Naftali Group’s UWS condo which launched last year with prices starting at $4.9mm and didn’t sell any units so pulled them off the market. In 2015, sales have begun with 11 contracts signed as per Streeteasy.com

Similarly, the Naftali project on the Upper West side didn’t have any properties in contract at the end of last year then they changed Brokers, slightly reduced the prices by about 5% and did a redesign. The building located at 210 West 77th street has 11 contracts now according to Streeteasy.com with prices ranging from $4.575mm to $21.5mm for a penthouse.