A “steal!” More condos under $3M set to hit the market

3,845 non-luxury apartments are set to hit the market this year, the highest number since 2009

Feb.February 05, 2015 09:05 AM

Finding an apartment in Manhattan that costs less than $3 million might get a bit easier this year.

Roughly 3,845 non-luxury apartments will hit the market in 2015, more than double the number available last year, according to data from Corcoran Sunshine Marketing Group. It’s the highest number of those units to come online since 2009, Bloomberg reported.

Related Companies launched sales at Carnegie Park on East 94th Street, one of its former rental buildings, where apartments are now up for grabs for under $3 million. One-bedroom apartments in the building start at $765,000. The units are an average $1,300 per square foot.

HFZ Capital Group’s Ziel Feldman is also working to convert rentals to condos. He is planning to convert the four rental towers he bought for $610 million in 2013 into “approachable luxury” condos, according to the website. At one of those towers, Fifty Third and Eighth, sales will launch next week. [Bloomberg] — Claire Moses 


Related Articles

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”

Here are the week’s top luxury sales

Here are the week’s top luxury sales

Hovnanian Enterprises CEO Ara Hovnanian and 292-294 West 4th Street

Big names, big properties, big price: $26M for Village homes

Linda Ellerbee and 17 St. Luke’s Place

Famed journalist and singer unload their New York City homes

166 E. 81st St. (Credit: Google Maps, iStock)

UES townhouse once described as “infested with vermin” goes into contract

Steve Ross, Eliot Spitzer and a rendering of 451 10th Avenue (Credit: Getty Images) 

Spitzer, Related land $276M in financing for Hudson Yards senior housing project

The penthouse at 15 Union Square West and 121 East 22nd Street (Credit: StreetEasy)

Luxury market checks off another disappointing week of sales