HFZ Capital’s 11 Beach Street in Tribeca is 50% sold

Penthouse asking $22.5M hits market

New York /
Feb.February 11, 2015 12:16 PM

Five months after launching sales, 50 percent of HFZ Capital Group’s 11 Beach Street in Tribeca is in contract.

The building’s largest penthouse also hit the market today with an asking price of $22.5 million. Penthouse B measures nearly 6,000 square feet with nearly 2,000 square feet of outdoor space spread over two terraces.

Ziel Feldman’s HFZ acquired 11 Beach Street for $62.1 million in 2012. In all, the building will have 27 loft units, including three townhouses, and the condos already in contract range from $5.2 million to $10 million.

Douglas Elliman’s Fredrik Eklund, John Gomes, Melanie Lazenby and Dina Lewis, are marketing the building. BKSK served as the architect, while Thomas Juul-Hansen is handling interior design. Sales launched in mid-September. The average unit size is 3,000 square feet, while the average kitchen is about 250 square feet.

“It’s been a pleasure to show the sales gallery to buyers and brokers alike,” Eklund said. “They’re looking at me, saying ‘Is this a show kitchen?’ and I’m like, ‘No, this is the actual kitchen.’”


Related Articles

arrow_forward_ios
John Giannone and Jac Credaroli (Credit: iStock)
Two Elliman agents launch platform to provide renters, buyers and sellers up to $50K in unsecured loans
Two Elliman agents launch platform to provide renters, buyers and sellers up to $50K in unsecured loans
Jacob Sudhoff and Scott Durkin (Credit: Sudhoff Companies, Emily Assiran, iStock)
Douglas Elliman is coming to Texas
Douglas Elliman is coming to Texas
Douglas Elliman chairman Howard Lorber (Credit: Getty Images and iStock)
Elliman’s revenue rose 18%, after sales frenzy to avoid New York’s new transfer tax
Elliman’s revenue rose 18%, after sales frenzy to avoid New York’s new transfer tax
(Unsplash / Paulo Silva)
Manhattan resi market has busiest quarter in 3 decades
Manhattan resi market has busiest quarter in 3 decades
Ranee Bartolacci, Nir Meir with the Sunset Islands home (Getty, Massa Construction Group)
Wife of embattled former HFZ principal alleges Miami Beach luxe rental was filled with rats, moldy bathrooms
Wife of embattled former HFZ principal alleges Miami Beach luxe rental was filled with rats, moldy bathrooms
(Getty)
Douglas Elliman mandates staff vaccination at offices nationwide
Douglas Elliman mandates staff vaccination at offices nationwide
Cash to burn: How brokerages are spending capital in a record year
Cash to burn: How brokerages are spending capital in a record year
Cash to burn: How brokerages are spending capital in a record year
Vanbarton Group’s Gary M. Tischler and Richard Coles with Marble Collegiate Church at 1 West 29th Street (Getty)
Vanbarton Group, church sued by foreign investors in fallout from HFZ debacle
Vanbarton Group, church sued by foreign investors in fallout from HFZ debacle
arrow_forward_ios

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

Loading...