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.
|NAME||The Greenwich Lane||PRICE RANGE||From $2,195,000 to $19,150,000
|ADDRESS||140 West 12th Street||SIZE RANGE||From 892 Sq Ft to 4,537 Sq Ft|
|TYPE||New building||AVG PPSF||$3,123|
|TOTAL UNITS||200||TAX ABATEMENT||No|
|DEVELOPER||The Rudin family, Global Holdings Inc.||AVG COMMON CHARGE||$1.74/sf|
|BROKER||Corcoran Group||FINISHED BY||2016|