Printing House 50 percent sold after seven months

New development releases 15 new units starting at $1.65M

New York /
Oct.October 11, 2013 08:42 AM

After hitting the market in March, the Printing House at 421 Hudson Street is now more than 50 percent in contract and is releasing a slew of new units, the developer told The Real Deal exclusively. 

“We’ve developed a product that the market responded very well to,” said Tricia Hayes Cole of Corcoran Sunshine, which is marketing the building. So far, the West Village development has seen a “diverse mix” of buyers, she said, which reflects the mix of one- to four-bedroom units at the project.

Buyers have included single people, couples, families, foreigners and parents purchasing for their college-aged children, Cole noted. Eight units in the building have already closed, she said.

Under an amended offering plan, the 58-unit Printing House listed a variety of new one- to four-bedroom units ranging from 750 square feet to 2,700 square foot and starting at $1.65 million to $5.7 million, Cole said.

The development’s condo units will be complete around the second quarter of 2014 while three maisonettes and two townhouses will be finished at the end of 2014 or early 2015, Cole said.

Developers Myles Horn, Belvedere Capital Management and Angelo Gordon & Co. purchased the building in 2011. They also used a signature fragrance to help market the units, as The Real Deal previously reported.

The average price per square foot for closed sales in the building is $1,835, and active listings average $1,918 per square foot, according to StreetEasy.

The former industrial building, which once housed a printing house, features loft-like homes with 15-foot ceilings and 11-foot windows, in addition to new construction townhouses with private terraces and garden entrances. Amenities include a concierge service, an on-site private Equinox gym, complimentary one-year membership to a dog daycare facility, private storage and on-site valet service.


Related Articles

arrow_forward_ios
Leslie J. Garfield and 313 West 4th Street (Google Maps)
Leslie J. Garfield’s former townhouse sells for $15M
Leslie J. Garfield’s former townhouse sells for $15M
85 Jay Street in Dumbo and 515 West 29th Street in Chelsea (Photos via Winick, SCDA Architects)
Here are the new developments offering the most buyer incentives
Here are the new developments offering the most buyer incentives
Meryl Streep and 19 West 12th Street (Getty, StreetEasy)
Meryl Streep’s former West Village home sells for half of original ask
Meryl Streep’s former West Village home sells for half of original ask
John Philip Sousa and the Sousa House at 80 Washington Place (Getty, Google Maps, iStock/Illustration by Alexis Manrodt for The Real Deal)
$25M Sousa townhouse in West Village faces foreclosure
$25M Sousa townhouse in West Village faces foreclosure
(iStock/Illustration by Kevin Rebong for The Real Deal)
These NYC neighborhoods lost housing in the past decade
These NYC neighborhoods lost housing in the past decade
An image of Village Cigars from 1976 pictured with the Hess Triangle. (Getty, WikiMedia)
Iconic Village Cigars building is for sale
Iconic Village Cigars building is for sale
Sarah Jessica Parker and Matthew Broderick (Getty; Google Maps)
Sarah Jessica Parker and Matthew Broderick sell West Village townhouse
Sarah Jessica Parker and Matthew Broderick sell West Village townhouse
332 Monitor Street and 1400 Benson Street, which were sold last week. (Google Maps)
ExxonMobil sells Greenpoint parcel decade after agreeing to big cleanup
ExxonMobil sells Greenpoint parcel decade after agreeing to big cleanup
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...