All 30 residences at the Sorting House, a luxury condominium under construction in Manhattan’s Hell’s Kitchen neighborhood, have sold, according to Halstead Property Development Marketing
“We have boots on the ground so … we can see a trend emerging two or three years out, versus only looking at data,” said Stephen Kliegerman, President of Halstead Property Development Marketing.
In the heart of Hell’s Kitchen at 318 West 52nd Street, work is underway by Howard Glatzer’s Cadence to convert part of a three-story U.S. Postal Service sorting facility from 1926 into residential condos.
Chris Noth, still otherwise known as Mr. Big from “Sex and the City” (even though the show ended in 2004), has been spotted looking at two- and three-bedroom apartments at the Sorting House.
That’s the spot at 318 W. 52nd St. where new luxury condos are being built on top of a working post office.
As the demand and pricing of available land continues to grow, developers are becoming more creative, building their new development projects on top of existing buildings.
Literally buildings on top of buildings.
The New York Post delves deeper into this new phenomenon, featuring HPDM projects 21W20, which was partially built atop an existing garage, and The Sorting House, described as the transformation of a functioning Post Office.
More than half of the residences at the Sorting House, a functioning post office-turned-luxury condominium in Midtown Manhattan, have sold.
The smallest unit available, a 600-square-foot studio, is $895,000; the largest is a three-bedroom asking $2.625 million.
Developed by the Cadence Property Group, the condo, at 318 West 52nd Street, will take over only some of the post office, so customers can continue to mail letters and packages from the location.
Halstead Property Development Marketing is proud to be the exclusive sales and marketing firm representing 19 Park Place, The Sorting House, State + Bond, and Navy Green– all listed among The New York Post’s 33 buzziest new buildings.
318 W. 52nd St.
On the market: Fall.
Known as “the Sorting House,” it’s being built atop a post office, which will continue to operate on the first two floors. Many of the apartments will have outdoor space; prices start at $1.3 million.
538 Washington Ave., Clinton Hill
There are just ten units, each with outdoor space. A 533-square-foot studio is priced at $499,000; a 2,650-square-foot three-bedroom with a garden is $2.4 million.