The Real Deal New York

New Condos: Lower Manhattan
50 West Street

July 10, 2014 01:18PM

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Francis Greenburger’s  63-story luxury condominium tower at 50 West Street hit the market last month after a long lull in construction following the financial crisis. On the back of the nearly $400 million financing deal Greenburger secured last year, the 783-foot-tall glass tower will join the recent boom in high-rise developments populating Lower Manhattan. The 63-story building houses 191 units ranging from one- to four-bedrooms. At press time, there were 26 units on offer. The least expensive unit available, a 1,167 square-foot one-bedroom, was asking $1.615 million. The most expensive unit available, a 3,594 square-foot three-bedroom, was asking $22.645 million. The building has a fitness center, water club, children’s area, and observatory, each occupying a full floor. The building is slated for completion in 2016. Contact www.50WestNYC.com or 212-766-5050.

NAME50 West StreetPRICE RANGEFrom $1,615,000 to $22,643,000
ADDRESS50 West StreetSIZE RANGEFrom 1,167 Sq Ft to 3,594 Sq Ft
TYPENew BuildingAVG PPSF$2,324
TOTAL UNITS191TAX ABATEMENTNo
DEVELOPERFrancis GreenburgerAVG COMMON CHARGE$1.20/sf
BROKERTime Equities, Inc.FINISHED BY2016
Source: Streeteasy, BuzzBuzzHome, TRD, news reports. Data as of early July. List primarily includes Manhattan condo projects that have started sales since Jan. 1, 2010 that have units on market. Projects that started sales since Jan. 1, 2010 that subsequently sold out, have all units in contract or don’t currently have any listings on the market were excluded in most cases. “Price range,” “Size range,” “Avg PPSF (Price Per Square Foot)” and “Common Charge” refer to units currently for sale.

 

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