Even last summer, with the building still in progress, there was only one unit left for sale at the Upper East Side's The Touraine, the Toll Brothers-developed, Lucien Lagrange-designed project at Lexington Avenue and East 65th Street. Fast forward a bit more than a year, the building is looking finished, and over the last few weeks, most of the sales have hit public record. This means one thing: time for a sales check!
StreetEasy shows two units on the market. There's #PH1, which has been on the market on and off for about 614 days and is asking $19,995,990. There's also one resale, asking $1.895 million for an apartment that closed this summer for $1,207,634. Even for a building with hand-painted silver leaf on the lobby staircase (and a wine lounge and library), that might be tough.
When we visited the building, sales manager Armelle Flood told us most of the units had sold for around asking prices, partly because the developer sees bidding wars as unethical. Here's the slate of closings as shown on StreetEasy:
And of course, now that the apartments have been sold, a few of their owners are ready to list them as rentals. There are two Touraine rentals on the market, one 2BR in contract at $12,000/month and another still on the market for $11,500/month.
· The Touraine [StreetEasy]
· The Touraine coverage [Curbed]