There's No Place Like NoMad

November 29, 2017

November Real Estate Roundup

As the holiday season ramps up, NoMad continues to be a hotbed for real estate news in New York City. As multiple new skyscrapers are set to rise in the neighborhood, catch up on all the latest sales and headlines.

NoMad Named One of the Top 10 Most Expensive Neighborhoods

As reported by 6sqft, NoMad has cracked the top ten list of most expensive neighborhoods in NYC by median sale price, with a figure of $1.69 million. By some other rent-focused measures NoMad actually sits at or near the top of the real estate market in NYC. It is a testament to the development of the neighborhood that prices are even higher than in DUMBO, Chelsea, the Upper West Side and even the West Village.

Gansevoort Park Avenue Sold

The Gansevoort Park has stood as an anchor on the east side of NoMad, even hosting the This Is NoMad benefit for the NoMad Alliance this past fall. The Gansevoort was always a unique center for luxury hospitality and nightlife, and was constantly evolving with the neighborhood. As reported by The Real Deal, the four-star hotel is reportedly being sold to Highgate for $200 million, or $800,000 per key. Naturally, we are keeping close tabs this development and will be reporting further on any news regarding the confirmed sale or changes that may be in store for the hotel.

Duplex Penthouse at 30 E31 Hits Market

One of the new towers coming to NoMad is 30 E31, which is planned to rise 40 stories at the former site of the Madison Avenue Baptist Church parish house. Developed by Ekstein Development Group and Pinnacle Group, the building is being designed by Morris Adjmi Architects. Based upon renderings featured in a recent article in The New York Times, it will be a stunningly innovative addition to New York City, The Gothic-inspired tower has also started to list a few of its spaces on the market, including a penthouse duplex for $12 million. We can’t wait to see the finished building, scheduled for completion in 2019.