124 West 16th Street has reported 14 out of the 15 condos available are now in contract after sales launched last February, right before quarantine went into effect. The success of this building is due to the perfect location just steps away from both Madison Square Park and Union Square. 124 West 16th Street is developed by the Grid Group with sales by the Corcoran New Development team.
The last residence available is a six-bedroom five-bathroom condo priced at $11.995 million. The condo is 4,389 sq.ft. inside with a large 795 sq.ft. outdoor terrace and located on the 9th floor. Condo prices in the building averages around $5.468 million, significantly above the average sales price of Manhattan apartments as reported in The Corcoran Group’s Q3 2020 market report. Higher prices are due to all condo’s including private outdoor space, full laundry room and even extra inside space for a home office and work out area.
