Circle F Capital Launches NYC Luxury Condo Sales

The new homes are scheduled for completion this year.

Rendering of One Park Row, a condominium development under construction in Manhattan.
Rendering of One Park Row, a condominium development under construction in Manhattan. Image courtesy of SERHANT

Circle F Capital has launched sales at One Park Row, a 62-unit luxury condominium development currently underway in Manhattan’s Financial District. SERHANT. New Development is handling sales and marketing efforts, with prices starting at $850,000.

Designed by Fogarty Finger, One Park Row broke ground in 2023, with Tetris Construction as general contractor. The condominium building will rise 25 stories and is expected to come online this year.

The project is rising at the former site of a J&R Music and Computer World retail store that closed in 2014, according to The Real Deal. Circle F Capital acquired the property in 2019 and received $90 million in construction financing in 2021 from Parkview Financial, according to PropertyShark. The same source indicates that earlier in 2024, the remaining debt of $47.4 million was assigned to 3650 Capital.


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Floorplans will range from studio to three-bedroom units, with interiors designed by Paris Forino. Kitchens will feature marble countertops, Italian crafted cabinetry, kitchen appliances and wine refrigerators. All residences will include open-layouts with 7-inch white oak floors, wood doors, powder rooms and floor-to-ceiling windows. Primary bathrooms will feature white oak vanities, walk-in showers and soaking bathtubs, while secondary bathrooms will include vanilla countertops and marble floors.

One Park Row will also comprise a four-bedroom penthouse collection. Amenities will include a lounge area, a dining room with a catering kitchen, a fitness center and a landscaped rooftop terrace with grill stations. Residents will also have access to private storage, bicycle storage and a secure package room.

One Park Row is at the intersection of Park Row and Anne Street, at the nexus of Financial District and TriBeCa, close to multiple subway stations and bus stops. The building provides easy access throughout Midtown Manhattan, while also being close to Brooklyn Bridge. With views of One World Trade Center, the Hudson River and City Hall Park, the condominium property is 3 miles from Union Square, 5 miles from Midtown Manhattan and within 17 miles of John F. Kennedy International Airport.

Manhattan’s condo market

The condo market is expanding in Manhattan, with multiple projects in various stages of development. One of these is The Perrie, a 21-story condo building in the borough’s Turtle Bay neighborhood. A joint venture between The Corcoran Group and Cape Advisors is developing the project.

One High Line, a three-building luxury development totaling 750,000 square feet in West Chelsea, landed a $1.2 billion refinancing deal in August last year. The project is being developed by The Witkoff Group, Access Industries and Monroe Capital.

Also in Manhattan, Lendlease, L+M Development Partners’ LMXD and Daiwa House Texas have completed Claremont Hall, a condo tower inside the Union Theological Seminary. The 165-unit project is part of a $125 million renovation effort at the campus.