$1000/sq ft in super lux UES new condo a trend?

Started by sirwinston

almost 16 years ago

Posts: 103

Member since: Mar 2009

Discussion about

streeteasy subscribers can see the data, but was shocked that a 3br condo in a super nice brand new bldg on lower floor (<10, tho not a bad view/location at all) sold for about $1000/sq ft very recently; have seen plenty in new construction condos at $1200 / sq ft +/-, but $1000 shocked me....does anyone have any relevant comps either confirming or disconfirming? Is this a trend that the per sq ft rate has declined like this?

Response by PMG

almost 16 years ago

Posts: 1322

Member since: Jan 2008

A 3 bedroom / 3 bath condo just closed in the W90s on RSD on a lower floor, with a park view, in a late 80s building, un-renovated. for approximately $1100 psf. A higher floor 3 bedroom / 3.5 bath, with a river view and renovated, is in contract for over $1700 psf. Both deals are all cash.

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Response by brokersSTINK

almost 16 years ago

Posts: 112

Member since: Apr 2007

adresses ?

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Response by PMG

almost 16 years ago

Posts: 1322

Member since: Jan 2008

222

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Response by West81st

almost 16 years ago

Posts: 5564

Member since: Jan 2008

The last two are at 222 RSD: #5A and #14B. The #5A seller bought for $2.2MM in 2006, sold for $1.8MM in 2010.

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Response by nyc10023

almost 16 years ago

Posts: 7614

Member since: Nov 2008

W81: interesting. I was wondering what 5A would go for. Is it just the vicissitudes of the market? How can you explain the disparity given similar timeframes for closing?

$1000/sq ft in super lux UES new condo a trend?

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