NEW YORK, NY - Victor Group today announced that it has reduced prices up to 53% percent for the remaining four, full-floor private homes available for sale at the Peter Marino-designed The Getty Residences in West Chelsea. With the reductions, the four residences currently range in price from $9.4 million to $13.8 million. The significant price adjustments reflect a proactive move by the developer to price the luxury homes to sell in today’s current real estate market.
Situated at 503 West 24th Street in the heart of West Chelsea, the 12-story bespoke building merges the best in high-end residential design, art and lifestyle into a single premier location overlooking the High Line. Below the residences, the building is home to the Lehmann Maupin Gallery on its first two floors, and the Hill Art Foundation on the third and fourth floors. The building’s triplex penthouse sold for $59 million, making it one of the most expensive sales in Manhattan.
“We recognize that the New York City luxury real estate market is currently in a much different place than it was even a year ago. Therefore, we are taking a proactive approach by significantly reducing the prices on the remaining homes at The Getty Residences to reflect today’s environment,” said Ran Korolik, executive vice president and partner at Victor Group. “We hope this bold move sends a strong signal to the market that we have priced the residences to sell, and we are looking to transact. This is an excellent opportunity for a buyer seeking a luxury home in a trophy building located in one of New York City’s most desirable neighborhoods.”
Current listings and pricing at The Getty Residences, include:
- Residence #6: Now priced at $9.4 million for a full-floor 3,312-square-foot, 3-bedroom, 3.5- bathroom residence complete with open city views overlooking The High Line and Hudson River. An approximately 42% price reduction.
- Residence #5: Now priced at $10.475 million for a full-floor 3,857-square-foot, 4-bedroom, 4.5-bathroom home with a 159-square-foot terrace overlooking the High Line and Hudson River. An approximately 53% price reduction.
- Residence #7: Now priced at $11.8 million for a full-floor 3,854-square-foot, 4-bedroom, 4.5-bathroom residence with an expansive balcony. An approximately 44% price reduction.
- Residence #8: Now priced at $13.8 million for a full-floor 3,816-square-foot, 3-bedroom, 3.5-bathroom residence with an expansive balcony overlooking the High Line and Hudson River. An approximately 43% price reduction.
“The aggressive price reductions at The Getty Residences present an unprecedented and unique opportunity for highly selective buyers who prize a superbly designed home in a boutique new development project designed by the world renowned architect Peter Marino,” said Shlomi Reuveni, President/CEO of Reuveni Real Estate and sales agent for the building.
For more information, visit www.TheGettyResidences.com. For sales inquiries or to schedule a showing, contact Shlomi Reuveni at 917-822-9914.
About The Getty Residences: The Getty Residences is a brand-new, bespoke building designed by visionary architect Peter Marino. The Getty Residences merges the best in high-end design, art and luxury lifestyle into a single premier location overlooking the High Line. The building features four breathtaking full-floor homes and one triplex penthouse above an art gallery and art foundation. Each residence is unique with a custom layout designed with a specific buyer in mind, featuring dramatic ceiling heights, custom-finished kitchens and palettes hand selected by Peter Marino. The architecturally daring project, with unique layouts, soaring ceiling heights, outdoor spaces, and fireplaces was designed with 60 different finishes of stone, marble, and wood from four different continents. For more information, visit www.TheGettyResidences.com
About Victor Group: Victor Group is a leading real estate development company based in New York City with an unwavering commitment and passion for developing high quality, uniquely designed residential buildings. Founded in 1994, Victor Group specializes in the development of ground-up residential projects in Manhattan. The firm has a keen eye for detail, understands all facets of development, and is hands-on throughout every aspect of the process from beginning to end. Today, Victor Group continues to develop beautifully designed and steadfast buildings that cater to the demands of the ever-changing real estate market in New York City. For more information, visit www.victorgroupnyc.com