As one of New York’s most historically interesting and architecturally adventurous neighborhoods, listings in Tribeca are often priced to reflect that status. However, on November 10, an auction for three apartments in luxury boutique development Six Cortlandt Alley offers a highly unexpected in: According to The Real Deal, the apartments will be sold to the highest bidder at or above a minimum bid of $4.75 million. These are the highest-priced condos ever to be auctioned by a developer in the United States, yet the starting bids represent the lowest price point for a four-bedroom condo in Tribeca.
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All full-floor units have four bedrooms and four and a half baths. The kitchens come outfitted with a top-of-the-line appliance package, and there are luxurious finishes throughout the homes. Building amenities include a residents’ lounge, fitness center with Peloton bike, graciously proportioned lobby with seating and cold storage areas, and private storage for purchase.
Before the November 10 auction, would-be bidders have a lot to do: They must attend one of four open houses hosted by Paramount on October 21, October 28, November 4, or November 6; obtain a copy of the building’s offering plan by November 6; and bring a bank check for $350K, $400K, or $450K depending on the unit they wish to purchase at the auction. Full details can be found here.
TRIBECA LISTINGS FOR $4.75 MILLION
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Michelle Mazzarella
Michelle is a contributing writer and editor for real estate news in New York City