Gary Barnett has pulled the remaining units at Extell Development’s One Riverside Park off the market pending a price adjustment, in response to the robust demand for the building. Sales were approved by the New York state attorney general 10 days ago.
Asking prices at the 35-story tower, on the corner of West 62nd Street And Riverside Boulevard, initially ranged from $1 million to $25 million for a seven-bedroom house. Since sales commenced 10 days ago, deals were in place for at least 70 of the 219 condominiums in the building, according to Barnett.
“The market is finally waking up to it,” Barnett, who developed the building along with the Carlyle Group, told the Wall Street Journal. “It is already becoming one of the finest places to live in New York.”
Asking prices at the building are currently at north of $2,000 per square foot and will likely increase, Barnett added. [WSJ] – Hiten Samtani