East Village luxury sales jump in 2015

Residential sales valued over $3M more than tripled in neighborhood

New York /
Dec.December 31, 2015 09:00 AM

Is the East Village the new epicenter of the luxury living in New York City?

Maybe not, but luxury home sales in the Lower Manhattan neighborhood have hit a five-year high, buoyed by the $7 million sale of An East 4th Street condo earlier this year and mirroring a borough-wide trend in Manhattan.

While the overall number of home purchases in the East Village dropped slightly over the past year, purchases of single-family homes, condos and co-ops over $3 million almost tripled in 2015.

There were 10 such high-priced transactions in the neighborhood this year as of Dec. 15, according to PropertyShark data – a sizable jump from the three recorded in 2011.

The $7 million condo in question, located at 238 East 4th Street, was the priciest home sold in that time, reported by DNAinfo. Sculptor Jen Lewin bought the 6,5000-square-foot residence, which is spread out over four floors and includes a private garage and 770-square-foot garden.

It’s not just the East Village, though – luxury sales in Manhattan overall also saw an all-time high in 2015. There were 1,807 transactions worth more than $3 million in the borough this year as of Dec. 15, up from 1,154 last year, per PropertyShark data. [DNAinfo]Rey Mashayekhi


Related Articles

arrow_forward_ios
Here are the week’s top luxury sales
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”
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
Here are the week’s top luxury sales
Overall, the number of housing units that started construction last year was up 7 percent from 2019. (iStock)
Residential construction had busiest year since 2006: MBA
Residential construction had busiest year since 2006: MBA
Common Projects sneaker designer Peter Poopat bought the home in December. (Getty, Brown Harris Stevens)
$6.5M Fort Greene townhouse sale breaks neighborhood record
$6.5M Fort Greene townhouse sale breaks neighborhood record
(iStock)
Homebuilder sentiment falls for second month in a row
Homebuilder sentiment falls for second month in a row
The home of late Broadway theater producer James M. Nederlander was first listed in 2019. (Getty, Platinum Luxury Auctions)
Full-floor condo that belonged to Broadway titan heads to auction
Full-floor condo that belonged to Broadway titan heads to auction
(iStock)
Homebuying up again, but rising mortgage rates depress refinancing
Homebuying up again, but rising mortgage rates depress refinancing
arrow_forward_ios

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

Loading...