Real Estate

Extell cuts prices for unsold units at One Riverside Park

therealdeal.comWith roughly 10 percent of units remaining at One Riverside Park, Extell Development dropped prices at the Upper West Side condominium to entice would-be buyers, according to filings with the New York state Attorney General’s office.

The developer shaved prices at the 35-story building in April and again in May, according to filings recently reviewed by The Real Deal. The 219-unit tower had 21 unsold units in March, down marginally from 23 in September 2015, filings show.

In particular, a 5,700-square-foot condo once asking $25.75 million is now asking $21 million, according to filings. A $23.1 million condo spanning 6,200 square feet is now priced at $19.95 million, and a similar-sized unit – originally asking $19.8 million – is now listed for $18.85 million.

Categories: Real Estate

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