Luxury Condos for Sale on Billionaire’s Row
The first luxury residential project in Manhattan entirely developed by an Asian company is almost complete, inviting buyers to pick up its boutique-style homes.
By Veronica Grecu, Associate Editor
118 E. 59th Street – Manhattan
New York—Euro Properties, a Hong Kong-based real estate development company run by Neo Que Yau, has launched the unit sales process for its 40-story boutique condominium tower on 59th Street, which is nearing completion.
Located at 118 E. 59th St. between Lexington and Park Avenues—at the edge of the super-expensive roll-out of new developments that is known as the Billionaire’s Row, and for all the right reasons—Euro Properties’ residential high-rise was designed by Singapore-based architect Soo K. Chan of SCDA Architects as an “urban escape”. The design team also includes SLCE Architects, Studio Becker and Williams New York.
The building offers 29 full-floor residences—half of which will have views of Central Park—starting on the 8th floor, in a mix of one- to four-bedroom units ranging from 1,511 square feet to 5,286 square feet. A limited number of duplexes and an exclusive triplex penthouse are also being marketed for sale, the owners announced.
“Our goal for 118 East 59th Street is to create well-crafted homes that boast the same level of customization as single-family residences and offer buyers a true private sanctuary in the busy city,” said Que Yau Neo, founder & CEO of Euro Properties. “Each residence has been thoughtfully designed to produce true expressions of individual living and inspire a serene, luxurious lifestyle.”
Brown Harris Stevens Development Marketing (BHSDM) has been retained to lead the sales operations at 118 E. 59th St., which offers a top-class list of amenities including sophisticated interior design details, floor-to-ceiling windows, solid oak wood flooring, double height living rooms in select units, and integrated lighting designed by Fisher Marantz Stone. The high-rise also features a gym center, private training room and a treatment room equipped with steam shower and changing facilities, all of which are located on the 6th floor.
At the building’s base, there is also a retail portion totaling a little more than 6,000 square feet of space.
Euro Properties invested approximately $210 million to develop the residential tower, as previously reported by The Real Deal. The company purchased the site of the development for $49 million from the Rudd family back in 2013.
According to BuzzBuzzHome, the luxury high-rise is slated for completion in 2017. The price of the new units ranges from $5 million to $18.8 million.
