Sold Out in a Year

Real Estate WeeklyMay 09, 2014
Following the sale of the 20th floor penthouse, Victor Homes and CORE announced the completion of sales at 241 Fifth.

The building includes 46 condos designed by Eran Chen of ODA-Architecture and built by Triton Construction Company.

Located in the newly branded NoMad district on Fifth Avenue, between 27th and 28th Streets, 241 Fifth was one of the first among a growing number of new developments in the neighborhood.

“Since Victor Homes broke ground at 241 Fifth, the NoMad district has evolved into a coveted residential neighborhood in a once-ignored area of Manhattan,” said Shaun Osher, CEO of CORE, exclusive sales and marketing firm for 241 Fifth.

“Closing sales in exactly one year is a testament to demand for this untapped neighborhood combined with beautiful, modern design.”

Prices ranged from $820,000 for a one bedroom to nearly $10 million for the 20th floor penthouse, commanding a building average of $2,000 psf.”

“This is perhaps the first project in the current new development cycle to be truly sold out within one year with all units fully closed in downtown New York City,” noted Doron Zwickel, director of sales, 241 Fifth.