After the past few years of tight inventory and very few new buildings hitting the market, we saw a small respite in 2013. While available inventory still hasn't hit pre-recession levels, there are a lot of new luxury condo’s on the market, and we have the facts that you need to know.
Scroll over the graph below, and see just how many units there are in this abundant list of new residential condominiums. After viewing the units per building, switch over to the average price per square foot view, and see how much it actually is to own some of these coveted condominiums. Scroll over a section of the graph to see the name of the building that you’re looking for, or just highlight the name at the bottom of the graph to access this information. With a simple glance, you’ll learn all about Manhattan’s newest condos, and you’ll have all the facts you need to know.
432 Park Avenue is the top dollar amount per square footage; you’d be paying an average of $6,894.00 per square foot. Inside this luxury building are 12’-6’’ ceilings giving the aire of estates in the sky. The building itself upon completion will be the tallest residential building in the western hemisphere. Amenities are unique, with a full restaurant within the building, billiards room, and an outdoor terrace for residents to enjoy.
157 West 57th Street, hosting 94 units, ranks second in amount per square footage, coming in at $6,888.00. This building, once known for the infamous “unstable crane” incident post-Sandy, is now better known for being a record holder. One57, as it’s more commonly known, is currently the tallest residential building in NYC. One57 also holds the current record for highest price paid for a single Manhattan residence with penthouse condos in contract for over $90 million.
22 Central Park South, which is located adjacent to the infamous Plaza Hotel, is the tertiary building on the list for highest average price per square foot. Potential residents and residents alike will be looking at $5,607.00 per square foot. This landmarked building gives residents access to the amenities of the Plaza Hotel. Each floor is one apartment, and the penthouse is a duplex, boasting seven units. With its proximity to the Plaza, it’s also close to prime shopping on Fifth Avenue, and is very close to many of the top restaurants in NYC.