400 West 38th Street (VITA)Recorded sales & closing prices

VITA launched sales in May 2025 with pricing starting at approximately $1.25 million, and the first closings were recorded in March 2026. Through the spring of 2026, recorded consideration at the property has run broadly from about $1.15 million to just under $3.0 million, with the bulk of activity clustering in two bands — roughly $1.2 to $1.35 million for one-bedroom and small two-bedroom residences, and roughly $2.2 to $2.4 million for larger two- and three-bedroom homes. The building is an active sponsor sellout; the transaction record is a sponsor price record, not a resale market.

That has two consequences for pricing. First, published sponsor pricing in a live sellout is a negotiated number more often than it looks, and the leverage varies by line and by how much inventory remains in a given stack. Second, there is no resale comparable set here yet, so a buyer's real reference points are the corridor's 2006–2010 condominium inventory adjusted upward for construction quality, energy performance and amenity, and the Hudson Yards new-development tier adjusted downward for location and finish level. VITA sits between those two sets rather than inside either.

Sellers will not have a meaningful resale market in this building for another cycle. Anyone buying with a short hold in mind should underwrite that directly. Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.