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What are NYC’s Top-Selling Buildings?

Magnum Real Estate’s 389 East 89th Street, a rental-to-condo conversion on the Upper East Side, followed on the ranking with 49 units sold in the third quarter. The median price for units sold during this time was $1.8 million.

New Listings: Loft Collection at 389 E. 89

389 E. 89 is listing this 743 sq. ft. Upper East Side loft decorated by Bravo TV's "Yours, Mine or Ours" star, Taylor Spellman for $975,000.

Loft Collection Unveiled Uptown

Magnum Real Estate Group is releasing new inventory at 389 E. 89, New York City’s top-selling new development of 2016. With closings underway and residents moving in, 28 residences have sold within the first six months of 2017. “We have found a way to differentiate our building in today’s market – offering quality craftsmanship and attainable pricing – all in a location that keeps getting better,” said Ben Shaoul, founder and president of Magnum Real Estate Group.

20+ developments poised to usher in the Upper East Side’s next generation of condos

Ben Shaoul’s rental-to-condo conversion, 389 E. 89, is offering prospective tenants “attainable luxury” apartments priced from $825,000. The building has already sold more than 65 percent of its 156 residences since launching sales in February 2016.

Celebrity Designer Taylor Spellman Creates a Serene Upper East Side Sanctuary

Taylor Spellman, star of Bravo's “Yours, Mine or Ours”, designed a beautiful loft on the Upper East Side in luxury condominium, 389 E. 89

Loft in Manhattan’s Upper East Side by Taylor Spellman

Celebrity decorator Taylor Spellman, star of Bravo’s show "Yours, Mine or Ours" designed this unique oversized loft inside 389 E. 89, a luxury condominium in the coveted Upper East Side neighborhood of Manhattan.

389 E. 89 Releases New Inventory As Sales Velocity Continues

389 E. 89, New York City’s top selling new development of 2016, continues its strong sales velocity into 2017. With closing underway and residents moving in, 389 E. 89 has sold an additional 28 residences within the first six months of 2017 and is releasing new inventory to keep up with the strong demand.

New Loft Collection and Inventory Released at 389 E. 89 as Sales Velocity Continues

389 E. 89, New York City’s top selling new development of 2016, continues its strong sales velocity into 2017. With closing underway and residents moving in, 389 E. 89 has sold an additional 28 residences within the first six months of 2017 and is releasing new inventory to keep up with the strong demand.

389 E. 89: 2016's Top-Selling Condo Unveils "Loft Collection" by Bravo's Taylor Spellman

Sales in Yorkville have been white-hot since the opening of the first phase of the Second Avenue subway (aka the only pleasing section of our subway system). Closing prices in the neighborhood have skyrocketed 20.6% since June 2016 and the neighborhood’s leading condo building, 389 E. 89, has sold 28 residences within the first six months of 2017. Now 389’s sales team has unveiled the new “Loft Collection,” a mixture of 32 loft-style residences that they say will bring a bit of Downtown, Uptown.

Ben Shaoul's 'attainable' Upper East Side condo debuts residences by Bravo design star

The residences within the exclusive loft collection will occupy floors three through six within the tower and range in size from 562 square feet to 1,079 square feet. To achieve its intended lofty vibes, the residences will offer oversized windows and ceilings that sprawl nearly 11 feet in height.

5 Architects and Designers on Their Unlikely Career Paths: Featuring Paris Forino

After moving to Manhattan and working at Tihany Design and CetraRuddy Architecture, I dreamed about opening my own firm. I had been working in New York for nine years, and I figured if I just try and do it, then it will happen. I guess the stars aligned and I have never looked back for a minute.

Yorkville's 389 E 89 More Than 50% Sold, Paris Forino-Designed Residences From $760K

Magnum Real Estate Group’s 389 E 89, a re-imagination of condominium living in NYC, is now more than 50% sold following its sales launch last spring. Images of the model residences designed by renowned Australian architect Paris Forino reveal the caliber of luxury the building will offer while maintaining an affordable price point, with spacious studios starting from $740,000.

Manhattan Residential Real-Estate Market Heats Up

At 389 East 89th St., a conversion of a rental building into condos is drawing crowds even though the 156 units have been on the market for more than a year and despite a series of price increases, said the developer, Ben Shaoul, founder and president of Magnum Real Estate Group.

Sizing Up the Second Avenue Subway Bump: After Decades of False Starts and Eight Years of Construction, the UES Starts to Reap the Rewards of a Real Estate Game Changer

Brokers are already seeing price hikes on condos, and developer Ben Shaoul, who earlier this year launched sales at 389 East 89th Street, told The Real Deal that he is shopping for more sites in the neighborhood. To find out what kinds of buyers and investors are flocking to this market and what other changes are in store for the UES, we turn to the experts.

The Second Avenue Subway Effect: The New Line's Imminent Opening is Stoking Sales

"We think that the Second Avenue subway is a dream for residents of Second Avenue or pretty much for anyone east of Third Avenue", said Ben Shaoul, founder and president of Magnum Real Estate Group.

New Listings: Manhattan's Upper East Side

The building is within short walking distance to Central Park to the west and Carl Schurz Park to the east and surrounded by local restaurants and cultural institutions.

An East Side Masterpiece

Located in the Yorkville section of the Upper East Side is 389 East 89th Street, a 156 unit rental to condo conversion. Ben Shaoul of Magnum Real Estate Group has done an excellent job on this project. But it is Paris Forino’s interior design that steals the show.

Real Estate Luxe Listings: Parts I & II Of Our Fall Guide To Some Of NYC’s Most Impressive New Residential Buildings & Classic Properties

This 33-story tower offers spacious and light-filled interiors that capture classic uptown living with a modern touch. There are 156 residences in total in the form of lofts, one-bedrooms, two-bedrooms, and three-bedrooms. An array of lifestyle amenities are offered, including 24-hour concierge/doorman, fitness center, lounge with adjacent private outdoor event space, children’s play-room, landscaped rooftop terrace, private storage, and bicycle storage.

All Aboard the Second Avenue Subway Real Estate Boom

389 E. 89, from $740K to $3.17M: Young interiors ace Paris Forino has created light-filled condos in this amenities-rich tower close to the new Q line

Touring Ben Shaoul’s ‘attainable’ Upper East Side condos

Today, the residences at the building vary from open lofts to three-bedrooms, and prices range from $815,000 to $3 million, a price point that has been identified as "attainable luxury."

Q&A With Paris Forino on Missoni Baia and Her Various Projects

Developed by Magnum Real Estate Group, 389 E 89 is located in the Upper East Side and the 31-story tower offers spacious and light-filled interiors that capture classic uptown living with a modern touch.

The Million-Dollar Question

The rental-to-condo conversion 389 East 89th Street is also banking on its “affordable luxury units,” with 27 of the 156 units to be priced under $1 million.

Why The Upper East Side Is Back On The Subway Map

In the first six weeks of sales, James says 48 of the building’s 156 units had entered contract. The average price of about $1,650/SF—about as low as can be found in Manhattan right now—is part of what’s driving the speed, but there’s more to it, he says.

5 Manhattan Residences With Mouthwatering Kitchens

This 31-story condominium on the Upper East Side is the vision of interior designer Paris Forino. Each of its 156 residences will boast light-filled kitchens with Miele appliances and custom Italian cabinetry in a lacquer finish. Some of the kitchens will include white marble islands with room for bar stools — perfect for those who view the kitchen as an extension of their living space.

New York’s 44 Best New Places to Live Right Now

For those looking to move on up — to the Upper East Side, that is — the 156-unit condo conversion on First Avenue will launch sales this spring, with prices from $880,000. Formerly the Post Toscana rental, designer-to-know Paris Forino is now breathing new life into this 31-story building’s interiors and public spaces.

Yorkville Bets On The Second Avenue Subway

Another building expected to benefit from the Second Avenue line is 389 East 89th Street, at First Avenue, a 31-story rental that the Magnum Real Estate Group is converting into a condo with 156 one- to three-bedrooms. Sales began in February, with prices averaging $1,600 a square foot, a project spokesman said, and one-bedrooms starting at $880,000.

The Upper East Side Is Making Up for Lost Time With These Luxurious New Developments

Rental-to-condo conversion that includes 156 residences ranging from one- to three-bedrooms. Designed by Paris Forino, residences up to 1,582 square feet. Fitness lounge, children’s playroom, landscaped rooftop terrace. Expected occupancy summer 2016.

Luxe Condo Slowdown Isn't Trickling Down to Middle Market

“The $1 million to $3 million market is very high velocity right now,” Shaoul told TRD, citing the lack of available citywide inventory at that price point. “I can’t tell you the amount of traffic we’ve had to this building.”

46 New Construction Projects And Conversions Coming To A Manhattan Neighborhood Near You

This 31-story condo has been converted into 156 one- to three-bedroom condo residences. Building amenities include 24/7 concierge/doorman, fitness center, lounge with adjacent private outdoor event space, children’s playroom, landscaped rooftop terrace, and private storage and bicycle storage.

New NYC Apartments Hitting the Market: Spring 2016

The 31-story rental-to-condo conversion has 156 apartments that range in size from one to three bedrooms starting at $900,000.

The Sky's The Limit

389 E. 89 is surrounded by a myriad of specialty and gourmet shops. The 156, 1-3 bedroom residences, feature elegantly appointed finishes and fixtures throughout each home; many of the residences have private terraces, and expansive outdoor space.

Ben Shaoul Aims To Quickly Sell Magnum’s Mid-Market Condos

Ben Shaoul, a Manhattan condo developer, is hoping to move his condos quickly. This is to stay ahead of competition where lower-priced units are being in demand after a four- year construction boom where only the wealthiest buyers remain.

NY Builder Rushes To Sell Sub-$3-Million Condos

"Our entire business plan here is velocity," Mr. Shaoul said in an interview. "Sell the buildings out this year, be done this year, deliver this year.

Manhattan Builder Rushing To Sell Condos At Less Than $3 Million

In a market where apartments for less than $3 million are scarce, Shaoul's Magnum Real Estate Group is starting sales this month at two projects filled with them.

Developer Tries To Outpace Competitors By Commencing Condo Sales This Month

Ben Shaoul says he's looking to unload Magnum's portfolio of apartments under $3 million within the year.

Can You Say UES Building Boom?

"There's going to be tremendous growth in this neighborhood over the next 10 years," said developer Ben Shaoul, whose firm Magnum Real Estate is converting 389 East 89th Street into condos.

Mapping The New NYC Buildings Welcoming Residents In 2016

In terms of real estate, 2016 is poised to be a big year for New York City: Plenty of big-name developments are in the works, and some of the most high profile ones...

New York Developers Move Away From Luxury

"This product is not available right now in the marketplace, so let's get it delivered in 2016 before anyone comes around in 2017." -Ben Shaoul

Ben Shoal's Upper East Side Condo Conversion Reveals Details

The 31-story building, now known as 389 E.89, will have 156 one-to-three-bedroom units, starting at $900,000, with occupancy slated for spring of 2016.

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Full screen 389 e. 89 penthouse 1 west terrace
Introducing Penthouse 1

Immediate occupancy. Now over 75% sold.