GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.

De-luxed: Developers are chasing the lower end of the condo market

New condominiums coming to market are getting cheaper, as developers work to capture buyers in the popular sub-$5 million market.
In Manhattan, the average unit price on condos approved for market by the New York Attorney General’s office has been steadily trending down over the past two years. Back in 2015, developers were shooting for an average unit price of just under $5 million, according to The Real Deal’s analysis of accepted offering plans for the borough. In 2016, that average had dropped 24 percent to just below $3.8 million. And it looks like the trend is here to stay. In the first four months of 2017, the analysis showed, the average accepted unit price in the borough was $3.1 million, down 18 percent from 2016’s average accepted price.

GAIA Real Estate can launch sales at $143M Vantage condo conversion

With an accepted offering plan in hand for the Vantage condominium at 308 East 38th Street in Murray Hill, GAIA Real Estate and Acro Group can launch sales of 97 condo apartments.

The New York State Attorney General’s office approved the plans last month. The developers are targeting $142.8 million in sales.

GAIA Real Estate acquires 90 Upper East Side condo units for $53M

GAIA Real Estate has purchased 90 condo units on the Upper East Side from an affiliate of The Brodsky Organization for $52.5 million. GAIA bought the units at Bridge Tower Place, a 38-story building at 401 East 60th Street, according to the company. GAIA managing partner Danny Fishman said the purchase price – which works out to about $849 per square foot and $583,000 per unit – was attractive compared to where prices have been in recent years.

GAIA and Acro score $76M to refi new Murray Hill condo conversion

GAIA Real Estate and Acro Group pulled in $76 million to refinance the Vantage, a 97-unit Murray Hill condominium conversion that was recently completed, according to documents filed with the city Thursday.

Blackstone Mortgage Trust is the lender on the building at 308 East 38th Street, documents show.