The Real Deal New York

First units hit the market at 250 West Street

July 12, 2011 10:10AM

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250 West Street exterior and interior shots

Back in 2008, the Elad Group found a buyer for its Tribeca warehouse building at 250 West Street but it turned out the buyers couldn’t come up with the cash. Elad held on to the 11-story warehouse, occupying an entire block from West to Washington streets, and has today listed the first of its units, according to Curbed.

Prices range from $1.15 million for a 1,035-square-foot studio to $9 million for a 4,018-square-foot three-bedroom with 325 square feet of outdoor space, according to data from Streeteasy.com.

The building isn’t yet completed, so brokers will have to sell using just a model apartment. Tom Elliott, vice president of Elad, still believes it will sell out in 18 months. He recently told the New York Times: “We feel we have always delivered on everything.”

Cantor-Pecorella is marketing the units. The project is Elad’s first in five years. [Curbed]

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