Hudson Yards hype created a flurry of interest in the neighborhood’s condos

Resi searches on StreetEasy spiked 257% the week of the opening

TRD New York /
Mar.March 22, 2019 10:07 AM

35 and 15 Hudson Yards (Credit: New Hudson Facades)

The buzz leading up to Hudson Yards’ opening last week drew tons of curious eyes to the new neighborhood’s growing housing stock.

The number of residential real estate searches in Hudson Yards between March 12 and March 15 spiked, Crain’s reported, citing StreetEasy data. Searches soared 257 percent compared with the previous week.

And StreetEasy searches peaked on the day of the opening, March 15 — with a jump of 630 percent over the previous Friday. The Related Companies development currently has one residential building, 15 Hudson Yards, open for occupancy. In June, 35 Hudson Yards will open to buyers.

Living in the neighborhood comes with a steep price tag: The average price of 15 active sales at 15 Hudson Yards — which, as of January, had $800 million under contract — is $7.69 million.That’s roughly five times the median price of all Manhattan homes, which is $1.63 million. And at the tallest condo project in the development, the $1.53 billion 35 Hudson Yards, apartments start at $5 million.

Similarly, the median price per square foot at 15 Hudson Yards is $3,223 — or about $1,700 more than the median asking price per square foot across Manhattan luxury homes. Last week, six active rentals there had an average asking price of $9,132 a month.

Hudson Yards’ grand opening last week drew crowds at the area’s new vertical mall. Industry power players including GFP Real Estate’s Jeff Gural and Jane Gural-Senders, HFZ Capital’s Ziel Feldman, Two Trees Management’s Jed Walentas, Harry Macklowe, L&L Holding’s Rob Lapidus, Cushman & Wakefield’s Doug Harmon and Adam Spies, were among the thousands of guests. [Crain’s] — Meenal Vamburkar


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Facebook CEO Mark Zuckerberg and Hudson Yards (Credit: Getty Images and Wikipedia)

Facebook close to finalizing Hudson Yards office deal: report

SL Green’s locks in big bank lease at Hudson Yards redevelopment site

SL Green’s locks in big bank lease at
Hudson Yards redevelopment site

This week, the State Department of Taxation and Finance issued a new memo that notably made no mention of condos. (Credit: iStock)

Regulators quietly change stance on condos in LLC law

Realogy CEO Ryan Schneider (Credit: iStock)

Realogy’s plan to stop the iBuyers from gaining a foothold in Chicago

461 West 34th Street with Marx Development Group's David Marx (Credit: Google Maps)

David Marx lands $202M refi for Hudson Yards hotel

Daily Digest Thursday

Worker killed at Lam Group construction site, Uber signs WTC lease: Daily digest

Developers are offering to pay the increased mansion and transfer taxes to give them an edge in a difficult market. (Credit: iStock)

Amid slow sales, developers give buyers a break on mansion taxes

arrow_forward_ios