More than half of the residences at the Sorting House, a functioning post office-turned-luxury condominium in Midtown Manhattan, have sold, according to the firm handling sales for the property.
The development will consist of 30 residences when finished. Fifteen of the units went into contract in the two months following late October’s sales launch. In recent weeks, more apartments were sold.
Robin Schneiderman, director of business development for Halstead Property Development Marketing, the sales agent for the Sorting House, attributes the building’s resonance with buyers to the flexible design of its units, combined with its relative affordability: Each luxury apartment is priced under $3 million.
Many of the buyers are already residents of the neighborhood, Schneiderman said.
The residences will sit on top of the three-story Radio City Station Post Office on West 52nd Street. The developer of the condominium, Cadence Property Group, will redesign the third floor and add two additional floors to the building. Some of the apartments will have outdoor spaces; others will feature private rooftop terraces with city views.
Pricing began at $895,000 for a 608-square-foot studio with one bathroom. It caps at $2.895 million for a 1,409-square-foot penthouse with three bedrooms, two bathrooms and 440 square feet of outdoor space.
Two of the units that were snatched off the market include a two-bedroom penthouse with nearly 350 square feet of outdoor space, which sold for $2.875 million, and a two-bedroom duplex residence with nearly 600 square feet of outdoor space. It sold for $2.425 million.
Closings are expected to begin in early 2017.
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