FAQ: Insights into NYC's Luxury Condominium Market in 2025 with Elyse Leff of Elad Group
Summary
Elyse Leff, Executive Vice President of Marketing and Sales at Elad Group, shares insights on the trends and buyer preferences shaping NYC's luxury condominium market in 2025, highlighting the importance of design, location, and quality in attracting high-net-worth individuals.
What are the key projects Elad Group is currently selling in NYC?
Elad Group is currently selling two distinct projects: 108 Leonard, a landmark conversion in Tribeca, and THE 74, a ground-up new construction project on the Upper East Side.
What do 108 Leonard and THE 74 have in common?
Both projects share Elad Group’s commitment to exceptional design and craftsmanship, developed in collaboration with world-class design teams to create homes that are sophisticated, livable, and meticulously detailed.
Who are the buyers for $10M and $20M trophy properties in 2025?
Buyers are sophisticated individuals seeking the finest quality, with preferences ranging from historic provenance at 108 Leonard to contemporary sophistication and views at THE 74, united by an appreciation for rarity and quality.
How does location influence the sale of luxury condominiums in NYC?
While Tribeca and the Upper East Side are iconic luxury enclaves, the collective effect of architecture, interiors, and the living experience often moves buyers to make a purchase, beyond just the location.
What design teams were involved in the development of 108 Leonard and THE 74?
108 Leonard was developed with Jeffrey Beers International, and THE 74 was envisioned by Pelli Clarke & Partners with interiors by AD100 Rafael de Cárdenas.
What makes 108 Leonard and THE 74 stand out in Manhattan’s luxury market?
108 Leonard features dramatic 16-foot ceilings and arched windows, while THE 74 offers full-floor layouts with 360-degree views of Central Park, both delivering a sense of grandeur rare in Manhattan.
What trends are influencing high-net-worth buyer behavior in 2025?
High-net-worth buyers are influenced by trends towards exceptional design, craftsmanship, and properties that offer both rarity and quality, tailored for modern living.
How does Elad Group ensure the appeal of its luxury condominiums to sophisticated buyers?
Elad Group works with world-class designers to create homes that are both sophisticated and livable, prioritizing proportion, detail, and a meticulous approach to every aspect of the living experience.
This story is based on an article that was registered on the blockchain. The original source content used for this article is located at citybiz
Article Control ID: 129073