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

TRD New York /
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

arrow_forward_ios
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”

Related is the latest developer to target the Rockaways

993 Fifth Avenue and Gilbert Harrison (Credit: Google Maps and GLC)

Retail exec sells Fifth Avenue co-op to Chanel heir for $19M

From left: Jared Epstein, Barry Sternlicht, Bobby Cayre and Ziel Feldman

Power lunch: Barry Sternlicht, Ziel Feldman and Aurora execs talk shop at Pastis

Clockwise from left: 240 Riverside Boulevar with  Charles Zegar, 111 Murray Street, and 220 Central Park South (Credit: Google Maps, Getty Images, and CityRealty)

Here are some of the Big Apple’s recent luxury resi buys

15 Hudson Yards (Credit: Related-Oxford, iStock)

First he sold a plot of land to Hudson Yards’ developers. Now he owns 7 luxury condos there

Clockwise from left: 91 Leonard Street, 141 West 11th Street, 520 Park Avenue and 115 Central Park West (Credit: StreetEasy, Google Maps)

These are the latest, greatest residential sales in NYC

565 Broome Street (Credit: iStock and 565 Broome Street)

Only in Manhattan? Luxury condo owner files “class action” because unit doesn’t have a wine cooler

arrow_forward_ios