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First Three Units at 17 East 12th Street Hit the Market

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The first three units of 17 East 12th Street have hit the market, including two full-floor apartments asking $14.25 and $16 million, and a duplex penthouse asking $25 million. The long-awaited condo was a 50,000-square-foot parking garage before Rigby Asset Management bought the property for $50 million last August, marking the highest price ever paid for a condo conversion site.

The building has nine units, including eight full-floor apartments and the duplex penthouse, The penthouse features three exposures, four terraces (including a 50' wide private terrace and a 24' wide entertaining terrace overlooking Union Square) and five bedrooms, plus 11' ceilings, a wood-burning fireplace in the living room, and two secure elevators.

The two full-floor units each have four bedrooms and five bathrooms, plus two French limestone fireplaces in the living area. All units will have access to an insane "automated parking" system, as well as electronic kitchen cabinetry controlled by touch.

Douglas Elliman is leading sales on 17 East 12th Street. It will open in September 2015.

· Listing: 17 East 12th Street #PH2 [Elliman]
· Listing: 17 East 12th Street #7 [Elliman]
· Listing: 17 East 12th Street #2 [Elliman]
· All 17 East 12th Street coverage [Curbed]