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One Wall Street Condo Sales Remained Slow

New data shows roughly 75% of units at the New York City building remain on the market after years of sales.

Updated on Sept. 21, 2026 in Commercial

Isometric editorial illustration of a single limestone column on a pedestal, representing New York City luxury real estate inventory.
Sales for luxury units at One Wall Street remain slow, with nearly three-quarters of the building's 566 apartments still unsold years after the initial 2021 launch. AI Illustration. Upload story photo >

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City records indicate that only 137 condominium units have sold at One Wall Street since they first appeared on the market in 2021. This total represents less than 25% of the 566 apartments originally listed for sale.

Why it matters

The high inventory levels highlight a slow absorption rate for luxury units in the Financial District. Potential buyers and market watchers should note that future demand could be further complicated by an upcoming state surcharge on pied-à-terre second homes valued at $5 million or more.

Official city property records show 137 completed sales at One Wall Street, accounting for just under 25% of the 566 total units listed since 2021. Recent transactions include a $3.545 million unit sale finalized on September 21, 2026.

The players

New York City Finance Department

The agency responsible for maintaining public property records and documenting real estate transactions through the ACRIS database.

Warren and Nora Lee Huang

Recent buyers who purchased a residential unit at One Wall Street for $3.545 million on September 21, 2026.

The details

Completed sales are identified through the New York City Finance Department's ACRIS database, which tracks real estate transactions across the city. With 16 units sold since the start of 2026, the building continues to manage a large inventory. Household decisions regarding luxury real estate in this district may be impacted by the potential application of a state-level pied-à-terre surcharge on properties valued at $5 million or higher.

Timeline

  1. Apartments first appeared on the market in 2021.

  2. The city recorded 16 sales between January 1, 2026, and September 21, 2026.

  3. A sale for $3.545 million was recorded on September 21, 2026.

Money Landscape

Luxury residential developments in New York City are currently navigating a competitive market with significant unsold inventory. This status marks a departure from peak absorption periods and sits against the backdrop of a pending state pied-à-terre surcharge.

Prospective buyers should monitor how the $5 million threshold for the proposed pied-à-terre tax could affect the total cost of ownership for luxury units. Consult with a qualified tax professional to evaluate how specific real estate taxes influence your long-term housing budget.

The takeaway

Large inventories in luxury buildings like One Wall Street suggest a slower sales environment for high-end properties. Consider reviewing historical price trends and potential tax law changes with a financial advisor before committing to a luxury real estate purchase.

Further reading

For more on the local property market, visit New York City Commercial.

Source note: This article includes information reported by New York Post.

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Should your city prioritize new luxury condo construction to address current housing needs?