There's No Place Like NoMad

September 16, 2013

NoMad Real Estate Update: Huys, One Madison

Huys Condo Complex on Park Avenue

In every way, NoMad is a neighborhood with a promising future.  One indication is the residential real estate market, which is soaring.

Huys Condominium (404 Park Avenue South) in NoMad has announced that they are 80% sold. This means there are only about 12 condominiums still available in the Kroonenberg Groep-owned complex. If you’re interested, there is an exhibition space in the new Huys building at 28th Street and Park Avenue South showcasing the Dutch design elements that are incorporated into these great condos.

Sales have officially launched at One Madison (enter at 23 East 22nd). The iconic 60-story glass and bronze tower features panoramic views of NYC through floor to ceiling windows.

It is no wonder that the Financial Times reports that the value of NoMad apartments is only going in one direction:  “With its central location and prime park access, NoMad-area agents, such as Doron Zwickel of the Core Group, suggest neighborhood pricing could reach more than $2,500 per sq. ft. by the end of the year.”