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New York’s 10 Best-Selling Condo Projects In 2015

    New York’s 10 Best-Selling Condo Projects In 2015

    Developer: HFZ Capital
    Neighborhood: Hell’s Kitchen
    Address: 301 W 53rd St
    Units Sold: 50
    Median Sale Price: $1.5M

    In late 2013, the units in this 348k SF building were converted from rentals to condos. The newly refitted building is being billed as a slice of “true New York character in the heart of Manhattan” by the developer, with most of its “affordable luxury” units going for $3M or less. Sales opened in January of last year. 

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    9. Halcyon

    New York’s 10 Best-Selling Condo Projects In 2015

    Developer: HFZ Capital
    Neighborhood: Turtle Bay
    Address: 305 E 51st
    Units Sold: 76
    Median Sale Price: $2.5M

    This modern 32-story building features a total of 123 luxury units, with amenities like an indoor gym, a swimming pool, a yoga studio and a Rainbow Room-esque communal Sky Lounge. 

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    8. 388 Bridge

    New York’s 10 Best-Selling Condo Projects In 2015

    Developer: The Stahl Organization
    Neighborhood: Downtown Brooklyn
    Address: 388 Bridge St
    Units Sold: 88
    Median Sale Price: $1.3M

    Brooklyn’s tallest tower affords its residents sweeping views of the Manhattan skyline and the surrounding borough. The condo-rental hybrid has 234 rentals and 144 condo units, with all the amenities you’d expect from a Manhattan high-rise, like an indoor gym, a media room, a rooftop viewing deck and a communal lounge. Easy access to 11 different train lines makes commuting into Manhattan a breeze.

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    7. The Aston

    New York’s 10 Best-Selling Condo Projects In 2015

    Developer: Cord Meyer Development
    Neighborhood: Forest Hills
    Address: 180-20 71st Ave
    Units Sold: 89
    Median Sale Price: $845k

    The luxe units in this striking Queens tower are distinguished by designer kitchens, spa bathrooms and spacious, well-lit living rooms. Amenities include an indoor gym, an outdoor terrace and on-site parking. 

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    6. 540West

    New York’s 10 Best-Selling Condo Projects In 2015

    Developer: Fortis Property Group and Wonder Works Construction
    Neighborhood: Hell’s Kitchen
    Address: 540 West 49th St
    Units Sold: 86
    Median Sale Price: $1M

    This project spans the full block of 48th and 49th streets and consists of two seven-story buildings separated by a 6k SF courtyard. Units top out around $3.5M. Nearby developments like the Durst Organization's pyramidal 625 West 57th St promise to fuel a development boom in the area that'll have major staying power.     

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    5. River and Warren

    New York’s 10 Best-Selling Condo Projects In 2015

    Developer: Centurion Real Estate Partners and Five Mile Capital
    Neighborhood: Battery Park City
    Address: 212 Warren St
    Units Sold: 82
    Median Sale Price: $2.6M

    Another rental-reborn-as-condo conversion. In this project, 324 rental units became 164 luxury condos, as well as a fitness center, a playroom and a rooftop park. 

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    4. 325 Lex

    New York’s 10 Best-Selling Condo Projects In 2015

    Developer: Carmel Partners and Times Square Construction & Development
    Neighborhood: Murray Hill
    Address: 325 Lexington Ave
    Units Sold: 77
    Median Sale Price: $1.3M

    The original design for this 123-unit building, drawn up by Studio Dror Architects, called for a series of offset glass boxes stacked vertically. That plan was nixed sometime in 2013, replaced with a design by H. Thomas O'Hara where part of the building is cantilevered over an adjoining low-rise apartment building.    

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    3. North Shore Towers

    New York’s 10 Best-Selling Condo Projects In 2015

    Developer: Sigmund Sommer
    Neighborhood: Glen Oaks
    Address: 27240 Grand Pkwy
    Units Sold: 112
    Median Sale Price: $610k

    Built in the early '70s, this three-building luxury co-op features a total of 1,800 residences framed by rolling lawns and an 18-hole golf course. The three towers are linked by a shopping arcade that includes dining, shopping and even a movie theater.    

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    2. One Riverside Park

    New York’s 10 Best-Selling Condo Projects In 2015

    Developer: Extell
    Neighborhood: Lincoln Square/Upper West Side
    Address: 50 Riverside Blvd
    Units Sold: 85
    Median Sale Price: $2M

    This building bore the brunt of the "poor door" controversy in 2014 when plans were announced that showed it would have a separate entrance serving its 55 affordable units.    

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    1. Island House

    New York’s 10 Best-Selling Condo Projects In 2015

    Developer: Hudson Cos and Related Cos
    Neighborhood: Roosevelt Island
    Address: 551, 555 and 575 Main St, Roosevelt Island (technically part of Manhattan)
    Units Sold: 166
    Median Sale Price: $310,595

    Existing residents of this former Mitchell-Lama development can buy a rehabbed unit at a steep discount—in the ballpark of $200 per SF. As part of a program to keep Roosevelt Island affordable, folks who buy through the discount program and later sell can only sell to moderate-income buyers who'll also be paying under-market rate. Market-rate units are also offered as part of a redevelopment by Hudson Cos and Related Cos.