The Real Deal New York

New Condos: Upper East Side
The Marquand at 11 East 68th Street

July 10, 2014 12:12PM

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11 East 68th Street 1
The Marquand at 11 East 68th Street, a century-old Beaux-Arts Revival-style building, hit the market in May 2013 with 40 overhauled condo units. The HFZ Capital Group-developed project is named for the financier and art collector Henry Gurdon Marquand, who in the 1880s built a mansion at the site where the building now sits. As of early July, two five-bedroom homes remained on the market: a 4,595-square-foot unit, asking $22 million, and a 3,837-square-foot unit, asking $14.5 million. Those prices are a far cry from the $165 a month it cost to rent a six-room spread in the building in the early part of the 20th century. Beyer Blinder Belle Architects designed the building, which will have a doorman and a concierge. Occupancy is slated for 2015. Contact www.11east68th.com or 212-686-0060.
NAMEThe MarquandPRICE RANGEFrom $14,500,000 to $22,000,000
ADDRESS11 East 68th StreetSIZE RANGEFrom 3,837 Sq Ft to 4,595 Sq Ft
TYPEConversionAVG PPSF$4,283
TOTAL UNITS40TAX ABATEMENTNo
DEVELOPERHFZ Capital GroupAVG COMMON CHARGE$1.69/sf
BROKERDouglas EllimanFINISHED BY2015
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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