A Manhattan Condo Lands on the Market for $15 Million More Than It Asked Last Year

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A duplex condominium in Manhattan’s Hudson Square is returning to market for $50 million, up $15 million from last year following a string of downtown megadeals in recent months. 

The unit is located at 100 Vandam, a circa 1880s warehouse that was converted into 72 condos by developer Jeff Greene, said listing agent Jessica Campbell of Nest Seekers International. 

Spanning about 6,500 square feet across the 20th and 21st floors, the duplex has six bedrooms, including a primary suite with an office and two dressing rooms, as well as a formal dining room and private wine room, according to marketing materials. The unit has floor-to-ceiling windows and an additional 4,120 square feet of terrace space with expansive views of the Empire State Building, Freedom Tower and Hudson River. 

“It’s like an open landscape of architecture,” Campbell said. There is also an outdoor kitchen and grill, along with a pergola, a fountain and gardens, she said. Campbell said the duplex is still owned by the developer but she recently rented it for $125,000 a month and it will be sold with a tenant. 

The unit was listed briefly last year for $35 million, according to StreetEasy. Campbell said the higher price reflects the quality of construction and the current market, where ultrawealthy buyers are finding little available inventory to purchase. “This is a very ultraluxury product in a very up-and-coming neighborhood,” she said. “There’s nothing out there right now.” 

Greene purchased 100 Vandam in Hudson Square, a neighborhood west of Soho, more than a decade ago and officially launched sales at the condo conversion last year, records show. So far, nine units have sold, Campbell said. The lower floors still have a red brick facade with a concrete-and-glass tower above, she said. 

Building amenities include a 1,600-square-foot screening room, game room, children’s playroom and yoga and boxing studios. There are 11 deeded parking spots in a garage accessed by a glass-walled elevator. Despite an overall slowdown in the luxury market, large condos in downtown Manhattan have been a bright spot. Recently, a penthouse at 150 Charles Street sold in an off-market deal for $52 million, and a penthouse at 151 Wooster Street sold for $50 million. A penthouse at One High Line in Chelsea is in contract to sell for $52 million.

Write to E.B. Solomont at [email protected]