Arts District: Hall Arts Hotel & Residences

[Tucy]

January 2021

0 units sold. 11 sold in 7 months (1.57 per month) 38 remaining

Sellout projection: 2 years, 8 months.

[Tnexster]

Interesting that we are getting all of these so called condo people from the coast and they still have zero sale months. One would think they would get snapped up more quickly unless maybe those condo folk come here and don't buy condos.

[eburress]

Anecdotally, part of the appeal of moving here from NY, CA, etc is that you don't have to continue to be a condo person. It's out of necessity that New Yorkers cram their existences into 900sf apartments.

[Tivo_Kenevil]

Interesting that we are getting all of these so called condo people from the coast and they still have zero sale months. One would think they would get snapped up more quickly unless maybe those condo folk come here and don't buy condos.

How many "Coasters" you know own million dollar condos? Most people that move here come because they can't afford the high prices there. So they're not really the people who would be looking at these.

[Tucy]

February 2021

0 units sold. 11 sold in 8 months (1.375 per month) 38 remaining

Sellout projection: 3 years.

[Tucy]

March 2021

0 units sold. 11 sold in 9 months (1.222 per month) 38 remaining

Sellout projection: 3 years, 5 months.

[jetnd87]

So not a single unit sold in Q1'21. Anyone knowledgeable know if the sales team was expecting this pace?

[undefinedprocess]

So not a single unit sold in Q1'21. Anyone knowledgeable know if the sales team was expecting this pace?

Actually toured the property a couple of weeks ago. To put it in a nutshell, they're not surprised, but weren't totally expecting it.

With units starting at $2M, not surprising. Also, one person on the sales team was a part of the Museum Tower's sales team, so now that it's completely sold out, HALL Arts is one of the only options. I expect there to be more interest as we head later into the year, but who knows.

[Tucy]

April 2021

2 units sold. 13 sold in 10 months (1.3 per month) 36 remaining

Sellout projection: 3 years, 2 months

[Tucy]

May 2021

Zero units sold. 13 sold in 11 months (1.18 per month) 36 remaining

Sellout projection: 3 years, 6 months

[Tucy]

June 2021

Zero units sold. 13 sold in 12 months (1.08 per month) 36 remaining

Sellout projection: 3 years, 10 months

[Tucy]

July 2021

Two units sold. 15 sold in 13 months. (1.15 per month). 34 remaining.

Sellout projection: 3 years, 7 months.

[Tucy]

August 2021

1 unit sold. 16 sold in 14 months. (1.14 per month). 33 remaining.

Sellout projection: 3 years, 7 months.

[Tucy]

September 2021

1 unit sold. 17 sold in 15 months. (1.13 per month) 32 remaining.

Sellout projection: 3 years, 8 months.

[Tucy]

October 2021

1 unit sold. 18 sold in 16 months. (1.125 per month) 31 remaining.

Sellout projection: 3 years, 8 months

[Tucy]

November, 2021

2 units sold. 20 sold in 17 months. (1.176 per month) 29 remaining.

Sellout projection: 3 years, 6 months

[Tucy]

December, 2021

2 units sold. 22 sold in 18 months. (1.22 per month) 27 remaining.

Sellout projection: 3 years, 5 months

[Tucy]

January, 2022

1 unit sold. 23 sold in 19 months. (1.21 per month) 26 remaining.

Sellout projection: 3 years, 5 months.

[Tucy]

February, 2022

0 units sold. 23 sold in 20 months. (1.15 per month) 26 remaining.

Sellout projection: 3 years, 7 months.

[Tucy]

March, 2022

1 unit sold. 24 sold in 21 months. (1.14 per month) 25 remaining.

Sell-out projection: 3 yeas, 7 months.

[Tucy]

April, 2022

1 unit sold. 25 sold in 22 months. (1.14 per month) 24 remaining.

Sell-out projection: 3 years, 8 months.

[Tucy]

May, 2022

1 unit sold. 26 sold in 23 months. (1.13 per month) 23 remaining.

Sell-out projection: 3 years, 8 months.

[Tucy]

June, 2022

1 unit sold. 27 sold in 24 months. (1.125 per month) 22 remaining.

Sell-out projection: 3 years, 8 months.