The Real Deal New York

  • SPONSOREDMost expensive Condo auction by a developer in US history November 10th

    With Minimums as Low as $4.75 Million, Over $15 Million Worth of Tribeca Condos to be Auctioned

    Paramount Realty USA, New York’s leading real estate auction house, will be hosting an auction on November 10 for the new luxury boutique development, 6 Cortlandt Alley.

    All three full-floor 4-bedroom lofts, originally priced up to $7,300,000, will be offered for sale at this rare auction.  One home—a 3,646-square-foot, 4-bedroom, 4.5-bath unit—will be sold at auction to the highest bidder at or above a minimum bid of only $4,750,000, representing a 35% discount from its original price.

    The boutique building is crowned by two penthouses, each providing over 1,000 square feet of private outdoor living space:  one duplex glass addition featuring 4 bedrooms and 3.5 bathrooms, and a full-floor loft featuring 3 bedrooms and 4.5 bathrooms.  The penthouses are available for purchase privately through Paramount.

    The auction represents the highest priced condominiums ever to be auctioned by a developer in the US.  The starting bids also represent the lowest price point for any 4-bedroom condominium on the market in Tribeca.  

    Unlike many other boutique buildings, 6 Cortlandt Alley offers numerous amenities, including private gym with Peloton bike, resident’s lounge, private storage units available for purchase separately, and graciously proportioned lobby with sitting area and cold storage.

    The other two full-floor 4-bedroom homes will be auctioned with low suggested opening bids of $4,850,000 and $5,000,000, also representing discounts of over 30% from original asking prices.   Click Here to Learn More about this unique opportunity.

    The November 10 auction will take place at the Roosevelt Hotel in midtown.  To participate, bidders must (a) attend 1 of 4 open houses hosted by Paramount (on October 21 and 28, November 4 and 6), (b) obtain a copy of the offering plans by November 6, and (c) attend the auction with a bank check in the amount of $350,000, $400,000 or $450,000, depending upon the unit they wish to purchase.  Buyers will also pay a 6% Buyer’s Premium in addition to winning bid prices.  Additional details are available at www.prusa.com.