Ari LeFauve, vice president of MNS, and 123 Third Avenue

With so little new development in the East Village, the few units of luxury condominiums that hit the market sell fast and for high prices, the New York Post reported.

For example, Orange Management, which developed the 48-unit 123 Third Avenue at 14th Street, sold every unit in about a year, excepting four penthouses priced between $3.6 million and $4.525 million ($1,800 to $2,000 per square foot). And developers aren’t the only ones trying to capitalize on a shortage of luxury with high asking prices, the Post said, as John Legend is asking $2.95 million for his 1,359-square-foot two-bedroom unit at 52 East Fourth Street. [more]

From left: Investor Lloyd Goldman, the Chetrit brothers and 300 East 79th Street

Real estate investor Lloyd Goldman is adding to his substantial holdings with the $10.5 million acquisition of the retail condominium at 300 East 79th Street from the building’s developer, the Chetrit Group.

Goldman’s BLDG went into contract in August and closed on the purchase of the 5,976-square-foot unit Oct. 5, city records published yesterday show.

The retail condo, with ground-floor and lower-level space and occupied by Capital One bank, is in the 34-unit, 18-story residential building at the corner of 79th Street and Second Avenue. The building was developed by the Chetrit Group and opened in 2008. [more]

[Updated at 4.30 p.m.] Developer Andrew Bradfield’s luck is continuing with 123 Third Avenue, a luxury condominium at the southeast corner of East 14th Street and Union Square. The 2,928-square-foot retail condominium at the base of the 19-story Orange Management building just sold for $11.05 million to Related Companies and Lloyd Goldman’s BLDG Management, according to public records.  RKF Investment Sales and Advisory Services brokered the deal.

The condo, which features 126 feet of wraparound frontage, is currently fully occupied by Capital One Bank.

RFK Executive Vice Presidents Jeff Fishman and Ariel Schuster and Director Brian Segall negotiated both sides of the deal. – Katherine Clarke [more]

Kelly Mack, 36, is president of Corcoran Sunshine Marketing Group.
Specializing in the planning, design, marketing, and sales of luxury
residential developments, the company has generated over $9 billion in
sales since she became president in 2006. Mack earned her MBA at New
York University before joining Corcoran Sunshine, where she became
executive vice president in 2004. Last year, Mack was named the
first-ever Distinguished Young Alumna by New York University.

Which amenities are popular in new buildings today, and how has that
changed over the past year?
Amenities still create value — that
hasn’t changed. The strength of sales at a building like the Rushmore,
one of the most amenitized buildings in Manhattan, demonstrates that new
development buyers still want the complete package. That being said,
are there other developers who are scaling back on amenities during
predevelopment? Some are. 

Compiled by Candace Taylor. [more]