Final Residence Launches at 124 West 16th Street

Developer the Grid Group, and the sales team at Corcoran New Development, are proud to announce the debut of the pinnacle residence at 124 West 16th Street in prime Chelsea.  This is the last available unit in this highly-successful new condominium.

Located on the 9th Floor, the home spans 4,389 square feet of interior space and 795 square feet of outdoor space. This six bedroom, five bathroom loft-like home is priced at $11.995 million.

124 West 16th Street is one of the biggest sales success stories of the year. After launching sales in February 2020, the developer reports 14 out of the 15 available residences are now in contract.

Across the building, the homes under contract range from a two-bedroom with a home office asking $3.895 million to a three bedroom asking $6.995 million, averaging $5.468 million – significantly above the $2.221 million average sales price of apartments in Manhattan, as reported in Corcoran’s Q3 2020 market report. 

When Every residence has private outdoor space, whether a balcony or terrace. an extra room that can become a home office or at home workout area, and offers pre-wired for high-end speakers, Lutron-controlled recessed lighting in every room, and laundry ROOMS (not closets) with sinks and built-ins, are reasons for the buildings sucess.

Nicole Hechter of The Corcoran Group, who is leading sales with Masayo Hashimoto, reports that the building has outperformed the market since its launch and resonates more than ever with buyers.  

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