LISTEN/WATCH: Prime residential real estate “remains buoyant” in New York City as the Zaha Hadid-designed penthouse at 520 W 28th Street in New York City lists for $50m (£39m).
Speaking on a tour of the iconic Hadid residences, Dan August Cordeiro, who is leading sales on the property, said that enquiries and sales above $10m (£7.8m) were increasing in the Big Apple.
“There has been a fair amount of construction at the high end of the market and I can say that sales volume and the number of contracts signed in the $10m-plus, $20m-plus and $50m-plus markets.
“This has not traditionally been a prime residential neighbourhood,” said the senior managing director or Corcoran Sunshine Marketing Group of the West Chelsea district where the Zaha Hadid residences are located.
“But the transformation of the waterfront into parkland here thanks to the High Line and Hudson Yards has really made this the forefront of where people want to be in New York. And the movement of the tech companies coming here has made this a leading residential area.”
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