A tipster passes along the above flyer from luxury condo conversion 75 Wall Street, where sales have just passed the $14 million worth of apartments sold in under 4 months mark. (Not all of the sales have made their way to StreetEasy yet, but public records do show a few additional closings from the past month.) Is this a notable milestone? For our tipster, the answer's a no. "That is a dubious distinction. $14MM in 4 months is $3.5MM a month, or (based on average list prices) about 3 apartments a month (twice the rate the current closed sales on streeteasy show). At that rate, they will sell the entire building in another 4.5 years. I'm not sure I would go bragging about that." Us neither, but 75 Wall doesn't have much other news to brag about.
· 75 Wall Street coverage [Curbed]