Tag Archives: 252E57

Billionaire'sRow, New Developments

Which NYC building was inspired by a trash basket?

Well not just any trash basket but rather a $225 Josef Hoffmann designed one was the inspiration for one of the buildings in the Billionaire’s Row area that is setting records for sales. Take a look at the below photos and see if you can spot the correct building.

The $225 Josef Hoffman designed waste paper basket that inspired one of the current record setting condo buildings in Midtown’s Billionaire’s Row.
220 CPS Vornado’s new condo near the Time Warner Center
How about this semi-supertall? Is this the right one?
432 Park avenue, the Rafael Vinoly designed building between 55th and 56th street certainly looks very square and has been selling very well according to reports.

If you guessed 432 Park avenue you are right. The building is about 75% sold and the least expensive apartment in this tower is $6.5 million which gets you a 1 bedroom of 1422 sqft or 132m2. According to the latest coverage on the building, it is selling well and they are negotiating prices and expect that by the end of next year it will be sold out.

Inventory, New Developments

Manhattan apartment inventory still low

According to an article in Crain’s, Manhattan apartment inventory is still hovering around record lows set in 2013. This is true especially if you consider the following factors.

1- Any new construction or condo conversion has not and will not relieve pent up demand for apartments below $2mm Continue reading Manhattan apartment inventory still low →

MidtownEast, New Developments, Real estate

252 East 57 street New Development update

The 65 story, 93 unit building launched sales about 6 weeks ago. 6 apartments are already in contract and there are 12 availabilities according to Streeteasy.com. The building which is at the corner of 2nd avenue and runs from 57th street to 56 street features a 34th floor full of amenities including a 75-foot swimming pool, a fitness center with yoga,pilates, and spin rooms plus a lounge and library with18′ ceilings and a 70′ terrace. To see current pictures click through.  Continue reading 252 East 57 street New Development update →