Jeffrey Evans,  in 10017

What is today's $/SF for a new condo development in Midtown East?

Asked by Jeffrey Evans, 10017 Mon Oct 22, 2007

We are considering developing a new condo project in Midtown East. 212 E.47th and 310 E.53rd are two good comps. What is today's avg. $/SF for a new condo development near these two projects? Is $1500/SF a good avg. sales per square foot sales price?

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Hi Jeffrey,

212 E 47 is a 2006-2007 condo conversion built in1979. Current for sale listings there are at $1,528 per ft² avg and $967,833 avg total price;

310 E 53 is a 2006 construction. Current listings there have an average $1,701 per ft² price or $3,369,750 avg price.

From what I've seen, brand new developments with good amenities are starting at $1800/$/psf for lower floor apartments. Let me know if I could be of any further assistance.

Elena Ravich | Associate Broker (Licensed as Yelena V. Ravich)
250 Park Avenue South, 12th Fl | New York, NY 10003
C 646.593.7207 | eFax 917.262.7045
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