NYC Real Estate Roundup

APRIL 4, 2012

Less partying, more condos in West Chelsea Chelsea condos in NYC, +Art West 28th Street
The former Club Quo nightclub at 511 West 28th Street is in the process of becoming part of a new residential and retail development built along the High Line. It will reportedly consist of three components: one with an underground pool and 44 condo units; a second with 128 condo units and parking; and another tower with 140 condo units (CurbedNY). The new project will join other West Chelsea condo buildings erected in recent years such as + Art at 540 West 28th Street (shown), built in 2009.

Back on the market
A 3,000 square-foot 9th floor unit in the sold-out building at 141 Fifth Avenue in the Flatiron District has returned to the market for $5.8 million as what appears to be the building’s first resale (CurbedNY). This grand 12-story building was built in 1897 and its top 10 floors were converted to condos in 2009.

Love it. I’ll take four!
An unidentified buyer just scooped up four high-floor units at the Laurel at 400 East 67th Street for $18.2 million in cash at a 5% (volume!) discount–a record for First Avenue if the buyer decides to combine the apartments into one impressive triplex (NYObserver).

Still top of the heap
New York City came out on top of a recent Bloomberg Rankings list of 66 cities ranked by “clout” in the Global Cities Index, which measures business activity, access to media information, cultural amenities and other items that make cities attractive to global business (Bloomberg).

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NYC Real Estate Roundup

APRIL 4, 2012

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