What a difference seven months makes. Prices at China Cinda and Aby Rosen’s luxury condominium at 100 East 53rd Street are up 16 percent on a per-square-foot basis since the building’s first condo plans were filed with the Attorney General’s office. Overall, the Norman Foster-designed tower will have 94 units with an average asking price of $4, 623 per square foot, according to the offering plan, which was approved by the attorney general in October.
An earlier draft of the plan, filed in March, called for prices just over $4, 000 per square foot. The building’s total sellout of $866.1 million is also up, by some 14 percent, from the initial $761.8 million sellout. And the top penthouse at the building — a glassy tower located next to the iconic Seagram Building – is also asking a premium.
The pad is currently priced at $65 million, or $9, 615 per square foot, compared to the original plan’s penthouse, which was asking $55 million, or $8, 136 per square foot.
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Read the full story at The Real Deal, by E.B. Solomont
http://therealdeal.com/blog/2015/12/02/prices-heat-up-at-china-cinda-rfrs-100-east-53rd/#sthash.uQxImhtN.dpuf
Read the full story at The Real Deal, by E.B. Solomont
