Apparently Manhattan’s mid-priced condo market is still chugging along. We hear that the marketing team at Manhattan House has hit their sales quota for the Upper East Side luxury condominium building as of earlier this week, which now makes the offering official for all concerned.
In other words, the building’s partial condo conversion is now a go.
“We’ll thrilled that we were able to achieve our goal earlier than anticipated,” said a jubilant Dolly Lenz, the vice chairman of Prudential Douglas Elliman who spearheaded the sales effort. “I was fortunate enough to work for Jerry O’Connor, whose vision was spot on.”
And Princess Grace’s provenance didn’t hurt.
Lenz added that $70 million in contracts were signed in just the last few weeks.
The block-long, five-tower property, which was the site of this year’s Kips Bay Decorator Show House, features condos that range from $1 million to over $20 million.
We expect now that the plan has been declared effective in legal terms, many who were on the fence will jump in with their deposits.
See http://www.nypost.com/seven/05292008/realestate/90m_flip_out_112899.htm for full article.
