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GRID Group Sells Out 124 West 16th Street and 246 West 16th Street in New York City

124 W16th

A reflection of hands-on commitment, where classic design proportions and masterfully executed construction details remind buyers and investors alike that there is a right way to do things

GRID Group, a family-operated firm offering a full suite of real estate development services with a dedication to quality and craft above all else, has announced the sell out of both 124 and 246 West 16th Streets, two exceptional luxury condominium projects that officially launched sales in 2020. These are two of fastest sellouts in Manhattan new development history. The firm builds homes of enduring value for effortless and refined living and currently oversees $300 million in project value, including 145 Central Park North, the firm’s largest project to date.

124 West 16th Street is a collection of fifteen meticulously appointed condominium residences in Chelsea between Sixth and Seventh Avenues. The building launched in February 2020 and sold out in one year with marketing and sales led by Nicole Hechter and Masayo Hashimoto of Corcoran New Development. The blended price per sqft is over $2,360 and the homes were priced from $3,695,000 to $11,400,000. The building features exquisite detail by David Howell of DHD Architecture and Interior Design.

“Our success on 16th Street is a testament to our collective outlook on value creation through doing things right,” says Yiannes Einhorn, Principal at GRID Group. “It is a joy to have residents move in and enjoy the quality that we painstakingly delivered in collaboration with our project managers, design team and in-house construction team.”

Each home at 124 West 16th Street is spacious, open and filled with abundant natural light from multiple exposures. The striking Bluestone façade is inspired by New York City loft buildings and was quarried in Hancock, New York. The stone was set by hand and its hue changes throughout the day with light and shadow. Oversized industrial windows and sliding balcony doors custom-built by a Belgian based manufacturer open onto views of Chelsea, perfectly capturing the downtown and midtown skylines. Every home has a private balcony or terrace, an amenity with renewed appeal this year. Floors are 7” wide-plank, rift only American White Oak. With high, loft-like ceilings, all residences offer expansive floor plans that are centered on an elegant great room with a fireplace that provides a seamless flow for living and entertaining.

The Grid at 246 West 16th Street is an exclusive collection of four thoughtfully designed condominium residences with outdoor spaces on a prime Chelsea block between Seventh and Eighth Avenues. Each full-floor home boasts custom features to provide a sense of serenity the moment you walk in. Retail space at the base of The Grid includes the company’s brand new headquarters. The penthouse residence entered a bidding war and sold for $600k over ask. The blended price per sqft is north of $2,430 and the homes were priced from $3,450,000 to $5,500,000.

“The Grid at 246 West 16th Street is another success story from a developer who cares greatly about quality and detail,” says Nicole Hechter, who headed up sales with Masayo Hashimoto for Corcoran New Development. “We are incredibly proud that the building sold out just three weeks after our team launched sales. Buyers walked in and saw the generous outdoor spaces, location and meticulous craftsmanship, and knew this was the one.”

Meanwhile, 145 Central Park North, located directly on Central Park on 110th Street, continues to appeal to the post-pandemic buyer. In the past four weeks, there have been four sales showcasing the demand for an incredible building with access to green space, private outdoor space and a full suite of amenities. NestSeekers International and SERHANT. lead marketing and sales. 145 Central Park features 37 one- to four-bedroom homes designed and built by GLUCK+. Available homes are priced from $1.3 million.

Residences feature unique floor to ceiling windows facing Central Park with white oak frames and wireless automated window shades. The homes include beautiful white oak floors, vented Electrolux washers/dryers, Wi-Fi-enabled thermostats, and VRF heating and cooling systems along with individual heating and cooling  systems so that no air is shared between residences.

It is the only residential building in the neighborhood that affords every single residence exceptional views of Central Park. This feat is enabled by the site’s unusual footprint wider than it is deep, with 100-feet facing Central Park.

The building features two spectacular penthouses, both with their own private rooftop terraces and custom stainless steel spas overlooking Central Park.