What Recession? Ultra-Luxury Casa 74 Reportedly 90 Percent Sold

Posted on Thu, 02-11-2010

Even by the standards of luxury condominiums on the Upper East Side, Casa 74, the 30-story tower at 255 East 74th Street is a strikingly luxurious development. Designed and marketed as an "ultra-luxury" residence, Casa 74 offers an ambitious combination of amenity-laden living and deluxe condominiums, with a price tag to match. In short, it looked like the sort of building that would have a hard time during the current economic downturn. But it hasn't turned out that way, and Casa 74 has unexpectedly bucked a down real estate market, and is reportedly now 90 percent sold.Casa 74's combination of luxury condominiums, copious amenities and glass-intensive looks isn't a new one among new construction condominium developments on the Upper East Side, but it has to mean something that, even with Manhattan real estate listings cutting prices left and right, Casa 74 is having little trouble moving its luxury condos. Score one for amenities and generous square-footage, as well as the enduring worth of a condo on the Upper East Side, and chalk it up as a defeat for, um, broad economic trends.

Legal Stuff

The owner of this website is not a licensed real estate broker or representative of the buildings or apartments contained on the website. This website is strictly for informational purposes. There are no property listings on this website. Nothing contained on this website shall suggest the availability of a property or guarantee the accuracy of accompanying prices.

If you would like more information about a property, we will connect you with a real estate broker who will be able to give you more information about available apartments and schedule a showing.