The Real Deal New York

Edge ranks as most successful development in third quarter: data

November 21, 2011 04:37PM

Douglaston Development’s the Edge in Brooklyn was the most successful New York City residential development in the third quarter of 2011 in terms of number of units sold, according to data from PropertyShark.com.

Seventy units were sold in total at the Edge between July and September, with a median sales price of $705,229. It is also the most successful development of the year so far, the data shows, with 215 units selling at the property so far in 2011.

As The Real Deal reported earlier this year, the Edge, which is being marketed by MNS, sold more units by June than any New York City residential building did in all of 2010.

North Shore Towers, a residential community straddling Queens and Long Island, and the Aldyn on the Upper West Side, were the second and third most successful properties in the third quarter respectively, selling 47 and 31 units each. The median sales prices for the two buildings were $370,000 and $995,794, respectively.

Other developments in the top 10 were the Tempo building in Gramercy, Williamsburg’s 2 Northside Piers, 99 John Deco Lofts in the Financial District, the Oro in Downtown Brooklyn, the Laureate on the Upper West Side, the Parkchester, the Rushmore on the Upper West Side and Sheffield 57 in Clinton. — Katherine Clarke

MENU