The Greenwich Lane at 140 West 12th Street

New York /
Jul.July 10, 2014 11:31 AM

The Greenwich Lane consists of five apartment buildings and five townhouses at the site once occupied St. Vincent’s Hospital. The five townhouses and the apartment building at 155 West 11th Street are new construction; the other apartment buildings, located along West 11th and West 12th streets, are conversions. After the Rudin family and Global Holdings bought the property from the hospital’s bankrupt estate in October 2011 for $260 million, the developers had to make a series of concessions to the city, including a reduction in the number of units and a donation to local arts organizations, to get the go-ahead. Eight months after sales launched in November 2013, 124 of the 200 units were in contract. Prices for available units at press time ranged from $2.195 million for a 892-square-foot one-bedroom to $19.15 million for a 4,537-square-foot four-bedroom townhouse. Occupancy is slated for 2016. Contact www.thegreenwichlane.com or 212-633-1112.

NAMEThe Greenwich LanePRICE RANGEFrom $2,195,000 to $19,150,000
ADDRESS140 West 12th StreetSIZE RANGEFrom 892 Sq Ft to 4,537 Sq Ft
TYPENew buildingAVG PPSF$3,123
TOTAL UNITS200TAX ABATEMENTNo
DEVELOPERThe Rudin family, Global Holdings Inc.AVG COMMON CHARGE$1.74/sf
BROKERCorcoran GroupFINISHED BY2016

Source: Streeteasy, BuzzBuzzHome, TRD, news reports. Data as of early July. List primarily includes Manhattan condo projects that have started sales since Jan. 1, 2010 that have units on market. Projects that started sales since Jan. 1, 2010 that subsequently sold out, have all units in contract or don’t currently have any listings on the market were excluded in most cases. “Price range,” “Size range,” “Avg PPSF (Price Per Square Foot)” and “Common Charge” refer to units currently for sale.

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