Thursday, October 4, 2012

323 Park Avenue South Rises Under Radar

323 PAS (A Fine 10/2012)
Render (Gwathmey Siegel)
Here is another building that you don't hear about very often- 323 Park Avenue South. Despite a prominent location on 24th and Park Avenue South, not much has been heard from this 17 unit, 10 story Gwathmey Siegel designed boutique condo. Sales started back at the end of February, but to date, according to StreetEasy, 3 of the 17 units have gone into contract. Prices are generally in the $1600's per square foot and range from $1,825,000 for a 1320sf 2 bedroom to $6,050,000 for the full floor penthouse. The building is currently 7 stories above ground, so it will be interesting to see how sales progress from here. It would seem like a slam dunk, but sometimes the market confounds. Any theories?
One of Gwathmey's Last Projects Starts Sales On Park Ave South (Curbed 2/2012)
One of Last Charles Gwathmey Projects Launches Sales On Park Ave South (The Real Deal 3/2012)

1 comment:

  1. That "Ring" building, the tall one to the to the north this, has been vacant for many years. I had originally thought the the lot on the corner where this building is sprouting was going to be connected some how to this big empty building. Thought wrong!