Platinum Condo NYC Prices

2014 was a very busy year in sales at the Platinum Condominium at 247 West 46th Street. We tracked approximately twenty condominium units that went on the market and sold and closed in 2014.

There may have been other sales that never went on the market, selling between private owners, for our purposes, we only are using the apartments that we see as being officially what we consider on the open sales market.

The Platinum Condominium has about 220 total apartments, so last year turn-over of 20 apartments, is about 10%. That shows us there is considerable demand for the building and an ability for owners to sell in the robust condominium sales market. below are some Platinum Condo NYC prices for overall 2014.

SIZE

STUDIO

ONE BEDROOM

TWO BEDROOMS

#of Sales

2

14

4

Range in Price

NA

$1,010,000 to $1,825,000

$2,130,000 to $2,600,000

Average Price Per Sq ft

$1,330 psf

$1,495 psf

$1,770 psf

Average Sales Price

$812,000

$1,350,000

$2,350,000

Having the bulk of the transaction activity occurring for 1 bedrooms shows a strong re-sale demand for 1 bedroom condos in this price category. Something that we see throughout the luxury segment of the condominium marketplace.

Price per Square foot calculations for each segment of the building generally reflect what we see throughout the entire sales market, the more bedrooms the higher the price per square foot.

HOW MUCH IS YOUR PLATINUM CONDO?

In a building like the Platinum condo that is 42 stories tall, the selling price difference between lower floor units and the higher floor apartments is quite evident, reflective in the wide gap we see some apartments selling for. Call us to have a detail discussion.

247W46

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