Time Equities launches sales at 50 West

Nearly a third of of units sold during preliminary "quiet period"

New York /
Jul.July 07, 2014 02:35 PM

Time Equities has launched sales at its 64-story luxury residential tower at 50 West Street and Rector Street. Following a 30-day pre-sale period, 30 percent of the building’s 191 units have already sold.

The average selling price at 50 West so far has been $2,400 per square foot, according to a release from the developer. The most expensive units, which sold for $5,000 per foot, were half-floor penthouse homes, while one-bedrooms on lower floors have gone for as low as $1,400 per square foot. Prices per unit start at about $1.6 million.

The residences range from a 1,045-square-foot one-bedroom condominium to a 9,000-square-foot, five-bedroom duplex penthouse. Thomas Juul-Hansen is the interior designer for the building and was one of the buyers during the pre-sale period.

The exterior of the building, designed by architect Helmut Jahn, offers panoramic views of the New York Harbor, Hudson and East rivers. Amenities include a rooftop lounge, children’s play areas, fitness and pool facilities. The third floor includes 15 commercial condominiums, which can be purchased by residents and used as office space, BrickUnderground reported.

Roberta Axelrod and Javier Lattanzio are handling sales in-house for Time Equities. The developer announced in February that the Marketing Directors would consult on sales and marketing for the building.

The building is scheduled to be completed in 2016. Time Equities closed on $400 million in financing for 50 West last summer. [BrickUnderground]Tom DiChristopher


Related Articles

arrow_forward_ios
Here are the week’s top luxury sales
Here are the week’s top luxury sales
Here are the week’s top luxury sales
Clockwise from left: John D. Rockefeller, Izzy Englander, Steven Mnuchin, David Koch, Jacqueline Bouvier, and William Zeckendorf (Credit: Getty Images and StreetEasy)
For 15 years, David Koch lived at the world’s “richest building”
For 15 years, David Koch lived at the world’s “richest building”
Here are the week’s top luxury sales
Here are the week’s top luxury sales
Here are the week’s top luxury sales
Extell president Gary Barnett, 510 East 14th Street and RXR Realty CEO Scott Rechler (Getty, EVGB)
Extell sells stake in Manhattan rentals to RXR Realty
Extell sells stake in Manhattan rentals to RXR Realty
A two floor unit in The Benson on Madison Ave was the priciest home to go into contract last week. (The Benson)
Best week since 2019 for Manhattan luxury market
Best week since 2019 for Manhattan luxury market
(iStock/Photo Illustration by Kevin Rebong for The Real Deal)
Signed contracts spike in Manhattan and Brooklyn in January
Signed contracts spike in Manhattan and Brooklyn in January
Meredith Bluhm-Wolf and 520 Park Ave. (Getty, 520 Park)
Daughter of casino magnate Neil Bluhm buys $20M condo
Daughter of casino magnate Neil Bluhm buys $20M condo
991 5th Avenue (Photos via Gryffindor/Wikipedia Commons and the American Irish Historical Society)
Historic UES mansion hits market for $52M
Historic UES mansion hits market for $52M
arrow_forward_ios

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

Loading...