In with the new

A look at some of the most buzzworthy developments on the market today

TRD New York /
May.May 06, 2014 07:00 AM

The condo market in New York has never been hotter, with luxe towers on the rise all around the city. There are more than 70 new condo buildings with apartments for sale in Manhattan — some are technological marvels (think: a robotic parking garage), while others boast world-class amenities (like a key to the gilded gates of Gramercy Park) or have boldfaced buyers (like, say, Chelsea Clinton). Here’s a look at some noteworthy projects currently transforming the city’s real estate scene.

22 Central Park South

Want to live like you’re at the Plaza but at a (slight) discount? An eight-story luxury condo conversion, 22 Central Park South, sits next to the hotel and was built by the same developer, the Elad Group. The project currently has six full-floor apartments and a duplex penthouse available, ranging from $6.7 million to $26.5 million. The apartments feature floor-to-ceiling casement windows with treetop views of Central Park. And through a partnership with Bergdorf Goodman, located a stone’s throw away, residents will be able to access personal shopping and home-decorating services.

21 East 26th Street

You’re practically guaranteed some face-time with celebrities if you move into the Whitman, a boutique condo conversion overlooking Madison Square Park. The prewar building at 21 East 26th Street has only four apartments, and already counts Chelsea Clinton as well as NASCAR star Jeff Gordon as residents. Only the four-bedroom, six-bathroom penthouse remained on the market as of press time, asking $25 million.

212 West 18th Street

A penthouse recently sold at Chelsea’s Walker Tower for more than $50 million, breaking a record for the priciest apartment ever traded in Downtown Manhattan. But there are plenty of other units available on the lower floors of the Art Deco conversion, initially built in 1929 by architect Ralph Walker. Available homes range from a two-bedroom asking $10.5 million to a five-bedroom at $47.5 million. Building amenities include a landscaped roof with dining area and cabana room, gym, yoga room, sauna and children’s playroom. The 24-story, 55-unit building is at 212 West 18th Street.

432 Park Avenue

At just shy of 1,400 feet, 432 Park Avenue will be tallest residential building in the Western Hemisphere when completed. Now more than halfway built, the 125-unit skyscraper has homes available ranging from $17.4 million to $79.5 million. In addition to views you’d typically get from an airplane, the Rafael Viñoly Architects–designed building has its own private restaurant, golf training facilities and a screening room.

11 North Moore Street

Eleven North Moore Street in Tribeca made a name for itself after the condo residence launched sales via Instagram in October. The nine-story building, which was recently featured on Bravo’s reality TV series “Million Dollar Listing New York,” is home to 19 apartments, including a still-available $40 million penthouse. Four other available units have asking prices between $7.2 million and $8.5 million. The AA Studio–designed building has a doorman, a library, a courtyard and a gym.

12 East 13th Street

In Greenwich Village, developers are converting a former Hertz rental-car garage into an eight-unit condo building. But they haven’t left car culture behind. In addition to a doorman and a fitness center, 12 East 13th Street will offer an unorthodox amenity: It will be the first building in the city to employ a robotic parking system, created by Park Plus. Residents will be able pull up to a private parking entrance on the first floor and leave the rest to technology. Five apartments remain on the market in the building. Prices range from $7.5 million for a three-bedroom unit to $30.5 million for the five-bedroom penthouse.

18 Gramercy Park

When you buy a luxury apartment at 18 Gramercy Park, you’ll pay typically astronomical prices  —  but at least you’ll also get a key to the only private park in Manhattan. The condo conversion is the work of developers Arthur and William Lie Zeckendorf and the architect Robert A.M. Stern, whose 15 Central Park West was the most-acclaimed new building in the city when it debuted in 2008. Five units are currently on the market, ranging from $9.8 million for a two-bedroom maisonette to $37.6 million for an eight-bedroom duplex.

Want to learn more about the luxury towers rising across the city? Check out our New Development Showcase, which will highlight the array of condos on the market today. The event  —  held in conjunction with our sister publication, The Real Deal  —  will be held on May 15 at the Altman Building at 135 West 18th Street. In addition to models and booths from more than 30 high-end projects in Manhattan and Miami, there will be panels featuring leading architects, brokers and developers.

For tickets and details, visit:

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