Monday, November 2, 2015

New Property Projects in Manhattan 2015

111 Murray in Tribeca

111 Murray is Tribeca's new super tower, expected completion 2018.  Designed by Kohn Pedersen Fox, 111 Murray rises to 800 feet and 64 stories, culminating with a distinctive crown at the top.  It is located one block from the World Trade Center and across from Goldman Sachs.

One bedrooms start at $2 million and 2 bedrooms between $4.5m to $5m.

Website:  111 Murray

55 W 17 St in Flatiron

55 W 17 Street is Toll Brothers' latest development in Manhattan.  It is located in the desirable Flatiron neighborhood which means close to Union Square and an abundance of restaurants and entertainment.

An attraction of Toll Brothers' developments is the low 10 percent down payment at contract signing.  Remainder will be at closing in Winter 2016.

One bedrooms at $1.7m, 2 bedrooms between $2.8m to $4m.  

Website:  55 West 17 St

Shephard, 275 W 10 St

The Shepherd is located in the West Village, a charming neighborhood with tree-lined streets, hidden restaurants and low rise buildings.

The 1896 building is being converted into high end condominiums with a full suite of amenities including a garden, spa, fitness center and recreation room.  Prices range from $4.8m for a 2 bedroom to $11.5m for a 4 bedroom.

Website:  Shephard 275 W 10 St

Which new property project is for you?

These is just a small sampling of the upcoming new condo pipeline.  Depending on your objectives and goals, we'll advise on which developments make a good fit.

It's a very exciting time in Manhattan because with new developments, buyers only put down the contract deposit at signing.  Balance is due when the project is completed (12 to 18 months later).  This translates into time for appreciation and magnified returns.

Wei Min Tan
New York Associate Real Estate Broker
Castle Avenue Team at Rutenberg
Cell:  +1.212.380.6134

No comments: