250 West Street in Tribeca, a collection of 106 condos built by El Ad US Holding, is now 70 percent sold.
Sales launched at the building in late summer 2011 and closings are now expected to start in the last quarter of 2012, according Thomas Elliott, executive vice president at El Ad US Holding.
Tribeca is popular with families and people in the financial industry who work Downtown and, according to Elliot, “250 West Street in particular is benefitting from a limited supply of quality inventory currently on the market throughout Manhattan, and especially in Tribeca.”
Ariana Meyerson, managing director at Cantor & Pecorella, the exclusive agent for the building, said demand has been strong for all apartment types, from open lofts to four-bedrooms. “Sales have increased each month since January,” she said.
Designed by Gal Nauer Architects, 250 West Street offers a 24-hour concierge service, private library lounge and two-level amenities area with a pool and fitness center. The 1906 restored Neo-Italianate building has two entryways with 10-foot iron gates.
A newly constructed 7,000 s/f penthouse includes its own private drive in entryway, lobby and elevator, along with more than 4,300 s/f of wraparound outdoor space overlooking the Hudson River.
