Sales at Hudson Yards’s condo building, now dubbed Fifteen Hudson Yards, only launched this past fall, but the building has already hit a milestone: according to Related, the building has now reached the 25 percent sold mark, with 75 of its pricey units already finding buyers.
The cheapest apartment went into contract for just under $2 million, while the priciest was a three-bedroom asking just under $10 million. And according to Bloomberg, which first reported the news, one buyer even snapped up two separate units at a combined price of $16 million. The total price for all of the deals made so far exceeds $300 million, putting the building well on its way to its projected $1.7 billion sellout.
Related was already bullish on buyers’ interest in the area, and the rate at which these condos are selling—they claim it’s the fastest-selling new construction project of 2016—is a positive for the developer. And unlike some of Manhattan’s other high-profile luxury condos, Hudson Yards seems to be attracting plenty of New Yorkers. Sherry Tobak, Related’s senior VP of sales, told Bloomberg that about 70 percent of buyers came from other New York neighborhoods.
It also speaks to Related’s ability to sell the idea of Hudson Yards, considering that the megaproject is very much under construction at this point. Its tech-forward sales gallery, located within 10 Hudson Yards, helps with that; immersive, interactive elements give guests a preview of what the neighborhood will look like, if not the true experience of actually being there.
And there’ll be more apartments to come soon: Tobak told Bloomberg that sales at 35 Hudson Yards, the condo/hotel hybrid designed by SOM’s David Childs, will launch later this year.