The Real Deal New York

W Downtown penthouses set per-square-foot record in FiDi

Condos sold for $2,491 per sf and $2,562 per sf

July 17, 2014 06:20PM

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123 Washington Street and Joseph Moinian

Two penthouse condominium units at the Residences at the W New York Downtown sold this week, setting a price-per-square-foot record in the Financial District, according to a spokesperson for the building.

A 799-square-foot one-bedroom sold for $1.99 million or $2,491 per square foot, while a 1,175-square-foot two-bedroom sold for $3 million or $2,562 per square foot. The units are 55A and 55B. Jonathan Miller of appraisal firm Miller Samuel confirmed to The Real Deal that these are both record sales in the area.

Prices for the remaining one-bedroom and two-bedroom units at the Moinian Group’s condo-hotel at 123 Washington Street start at $1.35 million.

The Marketing Directors took over sales there last September, replacing Richard Nassimi’s team at the Corcoran Group, as previously reported. — Mark Maurer

  • Truth

    Corcoran actually left the building rather than being “replaced” get your facts right. they resigned.

  • Slapintheface

    That Joe Moinian must be a pill to work for. Ugh you can just see it in his face.

    • truth

      You said it Right slapintheface.. and none of the big firms wanted to work for him on the development after Corcoran left.

      • WannaBeLandlord

        Try being one of his residential tenants. To him a security deposit is part of the baker’s dozen.

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