HFZ Kicks Off Sales at NY Condo Conversion

The property includes two buildings: one of 13 stories with 74 units, and the other of 18 stories with 122 units.

New York—Sales have started at the condo conversion project 88 & 90 Lex, fittingly enough at 88-90 Lexington Ave. in Manhattan, which is being undertaken by HFZ Capital. The property includes two buildings with a total of 118 units.

Prices for the units are thus far $1.855 million to $5.75 million, with more expensive units to come. The units are now a mix of one-, two-, three- and four-bedrooms, with the smallest coming in at about 970 square feet and the largest at about 2,600 square feet.

The apartments, converted from rentals by the architect Workshop/ADP, feature high ceilings and such bonuses as electronic solar shades. They also include Wetstyle tubs and vanities in their bathrooms.

“Upscale properties of this kind can stand out by using high-quality and well-designed products to help create an emotionally appealing living space,” Mark Wolinsky, Montreal-based Wetstyle president, told MHN. “It was a strategic decision by the HFZ design team to include Wetstyle’s collections because they offer storage space and customization flexibility for the design-minded condo customer.”

Corcoran Sunshine Marketing Group is taking the condo units to market as the conversion progresses. The conversion will be completed by early next year.