Stribling opens sales office at Rudin’s St. Vincent’s conversion

TRD New York /
Nov.November 07, 2011 10:10 AM

Bill Rudin and 130 West 12th StreetThe first fruit of William Rudin’s labor at the site of the St. Vincent’s hospital site is set to blossom today, when Stribling Marketing Associates opens the on-site sales office for the condominium conversion at 130 West 12th Street, adjacent to the main campus, the Wall Street Journal reported.

The building should open next spring, according to Rudin, three years before the 203-foot tall, 450-unit development on the actual site of the main hospital.

Rudin signed a contract to purchase the 12-story building, between Sixth and Seventh avenues, from the struggling hospital for $55 million in 2007. (Rudin also vowed to provide funding for a planned new hospital, where he would also be permitted to develop condos.) St. Vincent’s was desperate for capital after emerging from a bankruptcy, and over the next three years it moved medical and administrative offices and staff apartments out of the building.

When it first opened in 1941, 130 West 12th Street was a 116-unit apartment building. Rudin commissioned Cook + Fox Architects to return the building to its original function and build 42 units. Some of the units have unusual features, including sunken living rooms, and there are a handful of duplexes and ground-floor apartments with rear yards. The priciest unit is a $12.85 million penthouse converted from four rooftop apartments. Stribling now has a list of 200 potential buyers waiting for appointments at the sales office.

The units are priced from $1.4 million to $12.85 million, or about $2,000 per square foot. [WSJ]


Related Articles

arrow_forward_ios
135 Joralemon Street in Brooklyn Heights and 48 2nd Place in Caroll Gardens (Credit: Wikipedia)

Brooklyn luxury market saw 15 contracts signed last week

130 Furman Street and 296 Sixth Avenue in Brooklyn

Brooklyn’s luxury market saw 22 contracts close above $2M last week

The state of new development, according to those who build and sell it

The state of new development, according to those who build and sell it

83 1st Place in Carroll Gardens and 952 East 9th Street in Midwood (Credit: Google Maps)

Brooklyn’s luxury market saw 16 contracts above $2M signed last week of May: Stribling

REBNY president John Banks and Zillow CEO Richard Barton (Credit: iStock)

Two years after Premier Agent fracas, NYS regulators tighten rules for online ads

From left: Robert Reffkin, Elizabeth F. Stribling, Elizabeth Ann Stribling-Kivlan, and Compass COO Maelle Gavet; Inset, from left: Linda Maloney and Megan Scott

Two months after Compass deal, Stribling’s seeing a string of departures

The interiors of 16 Sidney Place and 15 Willow Street in Brooklyn

Brooklyn’s luxury market saw 20 contracts close above $2M last week: Stribling

Bill Rudin and One Whitehall Street and 110 Wall Street

Rudins planning for family estate with rare building sales

arrow_forward_ios
Loading...