X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY-Three residences within the 218-unit, 39-story Bridge Tower Place have been sold with prices ranging from $880,000 to $1,325,000. DeMarzo Realty, based on Manhattan’s East Side, negotiated all three sales in the building that is not yet ready for occupancy. The highest selling price in these deals is apparently rather well below what owners expect to fetch for condos on the higher floors of the building.

All three of these sales were for two-bedroom units of approximately 1,500 sf. The building is located at 401 East 60th St., on the corner of First Avenue.

The building, built by the Brodsky Organization, was designed as a luxury multifamily housing facility. It boasts a fitness center with an adjoining terrace, a children’s playroom, 100-car parking facility, a 24-hour on-duty doorman, 24-hour concierge service and a residents-only rooftop garden with views of the East River.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. APARTMENTS Fall 2021Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.