October 25, 2017
What are NYC’s top-selling buildings?
A Queens Building Topped the List
By Kathryn Brenzel and Kerry Barger
After several years of delays, part of Onex Real Estate Partners’ SkyView Parc project was the top-selling building in the city in the third quarter of 2017, a new report shows.
Ninety-two units sold at the luxury condominium at 131-03 40th Road in Flushing, with a median price of $799,569, according to a ranking by PropertyShark. The building is the second of the three condo towers planned for the project, collectively dubbed the Grand. Together, the buildings will have 750 units. The project was hit hard by the 2008 financial crisis, but sales for the first building relaunched in 2011 and sold out in 2013.
Magnum Real Estate’s 389 East 89th Street, a rental-to-condo conversion on the Upper East Side, followed on the ranking with 49 units sold in the third quarter. The median price for units sold during this time was $1.8 million.
Part of the Flushing Commons project — a 1.8 million-square-foot office, residential and retail complex developed by F&T Group, along with the Rockefeller Group and AECOM Capital — had the third-highest volume of sales. The 148-unit building saw 46 sales in the third quarter with a median price of $1 million.
For this report, PropertyShark included all sales that closed between July 1 and September 30, 2017, at developments and condo conversions completed since 2012. SkyView was one of four buildings in Queens that topped PropertyShark’s list. Manhattan and Brooklyn each had three properties on the ranking.
Here’s a rundown on the top-selling buildings in the third quarter of 2017.