So how are sales going at One Manhattan Square, the mega-project Lower East Siders love to hate?
The other day, Property Shark listed the 15 top selling buildings in New York City during the first half of 2019. One Manhattan Square, the 80-story project looming over the Two Bridges neighborhood, was number one on the list. There were 121 closings in the 80-story eyesore, with a median sales price of $1.647,651. Only new buildings were included on the list. One other Lower East Side property made the cut. According to Property Shark, 22 units closed at 150 Rivington, the glassy project that replaced the Streit’s Matzo Factory.
There’s been a lot of speculation about One Manhattan Square’s fortunes, as New York’s luxury condo market faltered in the past couple of years. This past spring, the developer, Extell, offered a 10-year break on common charges to jump start sales. Extell has declined to disclose sales information. There are a whopping 815 apartments at One Manhattan Square.
Listings for one-bedroom units start at $1.2 million, 2-bedrooms start at $1.9 million and 3-bedrooms at $3.5 million. There are a few pricier units listed on StreetEasy, including a 5-bedroom penthouse apartment for $13 million.
One Manhattan Square, located at 252 South St., replaced the Lower East Side Pathmark store. While Extell promised to bring another grocery store to the project, it never delivered.