All posts by Brian Silvestry

I have been in the real estate industry first as a licensed agent and as a broker since 1999. I have sold in every Manhattan neighborhood though do work a lot on the Upper west side where I live and upper Manhattan. I speak French,Portuguese, and Spanish.

400 CPW apt 10C price reduction

The 2 bedroom 2 bathroom condo with low monthly charges and a balcony with Central Park views has had a price adjustment which makes it even more attractive. The price for this 1140 square foot south facing condo is now $1.75million. An open house is planned for Sunday 1-2pm. Follow the link for more pictures and floorplan. Continue reading 400 CPW apt 10C price reduction

The Curved glass behind 50 West St and One57

Developers of high end property are looking for ways to push the edge and create a unique product to justify the high prices that their NYC new developments are asking. One way is to maximize views by using curved glass in a NYC condo. One57 on West 57 street aka Billionaire’s Row used it and now 50 West street uses it even more. 50 West is a 191 unit condo that is experiencing much success with 83 units already in contract ranging from 1.39million to just over $22mm for a penthouse according to Streeteasy.

50 West street rendering
50 West street rendering
50 West street in Manhattan's financial district has 83 contracts out according to Streeteasy
50 West street in Manhattan’s financial district has 83 contracts out according to Streeteasy

Continue reading The Curved glass behind 50 West St and One57

Some of the most expensive NYC apts slash prices while others try to break records

One57 where a record $100mm sale has set a new benchmark for residential real estate
One57 where a record $100mm sale has set a new benchmark for residential real estate

 

 

The NYDN is reporting that several of the most expensive apartments in Manhattan are cutting their prices including a penthouse in Tribeca where the price is being slashed from $40mm to under $30mm for a 7000+/- space. At the same time, while other units incuding one at The Pierre are also slashing their prices, other developers are taking aim at the $100mm record set this year by the sale of an apartment at One57 on Billionaire’s Row.

Those developers inlcude 550 Madison aka the Sony building condo conversion where an apartment will reportedly ask $150mm, 520 Park avenue which will have a penthouse asking $130mm and 220 CPS where its’ top asking price is rumored to be $175mm!

LINK

550Madison 

550 Madison aka The Sony Building will be converted to condos & it's PH will ask $150mm
550 Madison aka The Sony Building will be converted to condos & it’s PH will ask $150mm

Developer gets green light to do condo conversion at 361CPW

The developer has finally received the approval earlier this week by the Landmarks Preservation Committee to go ahead and convert the former church at the corner of 96st and Central Park west to 39 condos. Additional windows will be added to the 96 th street side as well as the north side of the building.

The building was purchased in June of last year for $26mm and has over 33k sqft in total.

Read the full story and see renderings on Curbed NY.

LINK

261 W 25 street,NY,NY 10001 Construction update

The Seymour condo at 261 W 25 street will have 49 units almost all of which are in contract
The Seymour condo at 261 W 25 street will have 49 units almost all of which are in contract

According to Streeteasy there will be 49 units in this new construction condo on West 25 street and 47 of them are in contract. There are two remaining units- one priced at $3.195mm and the other at just under $4mm.

This building sold quickly as

The Seymour
The Seymour

a result of a good mix of smaller and larger units and at just under $2000 per sqft for this location, it’s not hard to see why it went so fast. The amenities include a resident’s lounge with fireplace, a garden, media room as well as a “quiet” library plus a roof deck with outdoor kitchen. The developer is the Naftali Group who is having a slighter hard time selling their Upper west side project at 261 W 77 street which they pulled off the market and will reboot shortly.

 

 

 

175 West 95 street NY,NY 10025 New developement spotlight

175 West 95th, a recently converted condo between Columbus and Amsterdam avenue on the Upper West side is off a very good start with sales. According to Streeteasy, this building has 24 contracts out and 12 available properties. They range from a studio for $630k to a 3bedroom for $2,020,000. The most expensive property in contract is a 2bd/2ba with balcony that was asking $1,555,000. It took 42 days to get into contract but many of the other apartments were spoken for after less than 1 week. Continue reading 175 West 95 street NY,NY 10025 New developement spotlight