clock menu more-arrow no yes

Filed under:

Financiers Get Closings Rolling at Tribeca's Fairchild

Tribeca's Karl Fischer creation the Fairchild, the twin building to the Pearline Soap Factory, first hit the market at the end of 2008 with a somewhat muted, recession-minded amenities lineup of doorman, concierge, storage space. Still, this is luxury Tribeca real estate, so prices went from $1.965 million all the way up to that short-lived $20.785 million five-unit combo. And some buyers did pay to play, because closings have begun at 55 Vestry Street. As the Post's Jennifer Gould Keil reports, two buyers have closed so far, both folks in finance. Gizman Abbas purchased a $3.6 million triplex townhouse. Another buyer forked over $5.9 million for two apartments with plans to combine. According to a press release from the developers, the building is already 75 percent sold, construction's done, and closings should finish up by the end of June.
· In Vogue [NYP]
· Fairchild coverage [Curbed]

The Fairchild

55 Vestry Street, New York, NY