They are negotiating in Birkenstocks for Bentleys.
Downtown Manhattan, known for a long time for its Bohemian flame and COU cover, has been officially on the sewing, and the property prices now give the billionaire row a serious duration for their money.
In the largest signal of the changing fortunes of the neighborhood, the financier Harsh Padia and his wife, Purvi, sold their cheeky duplex to 150 Charles St. In West Village this March to get a dollars of $ 60 million, more than twice as much as they paid almost a decade ago.
The buyer? A high commercial giant roller of Trading Jane Street Capital, which was recently expanded nearby, the sources told The Wall Street Journal, who first reported to the area’s luxury transition.
“There are a lot of very rich people working in the surrounding area, that is, they often want to live in the surrounding area,” the Compass Broker Orrigo runner told The Outlet. “They are buying the West Side road.”
In fact, the transformation of the center from an artistic enclave to a golden courtyard is fed by a flood of finance and technology companies that have their claim to the south of 14 street.
Heavy weights such as Deloitte, Stubhub and Jane Street have had great leases in Hudson Yards and near the World Trade Center, while Google has planted its last flag on the old Sant Joan terminal in Hudson Square.
“It is one of the richest corporations on the planet,” said Leonard Steinberg in Compass. “This changes the profile of the neighborhood.”
And the houses are just as loose.
Downtown recorded sales of more than $ 30 million in the last five years than the previous decade, according to Corcoran Sunshine Marketing Group.
Only from 2023, buyers have raised more than $ 1 billion in homes with a price of more than $ 20 million.
Some highlights: An attic at 67 Vesry St. De Tribeca went through $ 41.4 million in February. A high line at West Chelsea sold a $ 49 million Stunner last year. And a $ 52 million agreement closed by 2023 for another Charles unit linked to Credit Suisse executive Robert Shafir, who originally paid $ 29.38 million in 2016.
These sales that appear in sight also feed an avalanche of eight -figure listings.
In 140 Jane St. Aurora Capital, a Boutique West Village project with a private park, a gym, a pool and even automated parking, an attic calls for an impressive $ 87.5 million.
Twelve of the 14 units of the building have been captured since August 2024, mainly by zoom.
“We didn’t have a sales gallery, to be honest with you,” Bobby Cayre d’Aurora said in the magazine.
Development at 80 Clarkson, next to Google’s social quarter, is another big ticket participant. As well as 150 Charles, they were designed by Cookfox. Zeckendorf Development and Atlas Capital Group, with the Baupost group, complete the development team of 80 Clarkson.
The largest of the new projects with 112 units, 80 Clarkson launched prices from $ 6.75 million to $ 63 million, but they have already increased prices four times. One of the newly charged with residence at $ 75 million. Do you want your own private winery? This will be one million more dollars.
“There is only a decline of buyers who have not been able to buy luxury apartments in the city center,” Serhant Peter Zaititeff told The Journal, who listed the Padias unit.
Zaititeff, who helped to throw sales at 70 Tribeca venrates in 2016, still get weekly calls asking for a shot for a unit.
“I have customers in the building that can basically call their price,” he said. “Don’t delve into this building.”
Even the historic of the center brown stones are commanding stratospheric numbers, such as a house in Greenwich Village, which was sold for $ 72.5 million earlier this year. But, thanks to the tight zoning and the limited land, complete developments in these parts are smaller and less exclusive than their cousins in the city, making them even more coveted.
“In the past, you couldn’t get this ladder, whether it be a house or an apartment,” Steinberg said. And deeper pocket buyers today? They want key in hand, not the adjustments.
“It really is a luxury weapons race for your neighbor to occur.”
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Image Source : nypost.com