Articles on Walker Tower

Ritz-Carlton Penthouse Asking for Downtown Record of $56.5 Million

Ritz-Carlton Penthouse

A Battery Park City penthouse in the Ritz-Carlton is listed for an astonishing price of $56.5 million. The duplex condominium has already set one downtown record simply by asking for that amount, but if it sells for or near the asking price, it will set the record for the most expensive downtown sale ever.

Downtown Manhattan Becomes Pricier Than Uptown

Downtown Manhattan gets pricier than Uptown

It’s long been a rule of thumb that apartments in Uptown Manhattan, especially those around Central Park, see better asking prices than homes in Downtown Manhattan neighborhoods like Soho, Tribeca and Chelsea. But that rule seems to have been broken now—according to a new report in The Real Deal, the average asking price for a Downtown apartment in the last quarter of 2012 became $2,777 per square foot, nearly $100 more than the price per square foot for a similar unit in Uptown or Midtown Manhattan.

Walker Tower Developers Get $45 Million Loan for Hell’s Kitchen Project

New development at 435 West 50th Street Lands $45 Million Loan

Walker Tower, located at 212 West 18th Street in Chelsea, is one of those Manhattan buildings that are almost always in the spotlight. While architecture enthusiasts in the city can’t stop gushing about the building’s Art Deco representation, the apartments for sale at Walker Tower are among the most talked-about luxury residences in New York City today. So when the developers of Walker Tower announced that they were undertaking the conversion of another Art Deco building on 50th Street and 10th Avenue, it’s easy to see why the city’s real estate sector was ready to sit up and take notice of this new development.

The $90 Million Condo Age Emerges

A recent penthouse sale has topped $90 million in ManhattanCondo prices have been absolutely shooting through the roof in 2012. Recent notable sales include a $88 million penthouse at 15 Central Park West and a $90 million penthouse at One57 in Midtown. Brokers and experts are now rather confident that these immense sales have signalled a new trend of eagerness and activity in the market. Soon, Manhattan residents can expect to see sales of luxury condos easily soar to new heights in the $90 million range. The luxury property owner can rejoice as the age of the $90 million apartments may soon arrive in full.

Manhattan Luxury Market Truly Distinguishes Itself

Manhattan's Luxury Market is in an entirely different leagueJust how far has Manhattan’s ultra-luxury sales market gotten from the typical price range? In other words, does the average luxury market sale still even fall anywhere in the ballpark of a normal market sale in terms of price? In Manhattan, luxury market sales are always the attention-grabbing ones, with the finest condos in Manhattan seeming to generate by far and away the most headlines. And as it turns out, this hype over ultra-luxury sales is indeed pretty accurate: the prices that the average luxury market sales generate have gone into an entirely separate league from Manhattan sales as a whole.

Newly Constructed Condos Split In Size

Walker Tower is one of Manhattan's newest large construction projectsWhat size apartment sells best? In Manhattan’s real estate market, the size and resources of an apartment can be paramount. Difficult economic times means that buildings need to be marketable in order for any developers to make a true profit. Naturally, the issue rests in whether New York apartments should be large in size to suit serious homebuyers hoping to start families or reduced in size to suit out-of-town buyers seeking to live in small Manhattan condos that have just enough space to fit their needs. Interestingly, according to reports from Prudential Douglas Elliman, both of these extremes of apartments are showing marked increases in sales in recent years. It appears that varying customers truly do have varying tastes as they flock to both large Manhattan condos as well as smaller one-bedroom apartment listings.