42 Wooster Street (The Wooster Street Condominium)Recorded sales & closing prices

The sponsor conveyed the fourteen residences to fourteen separate, unrelated buyers between March 1998 and May 1999. There was no bulk transfer, and no single owner has held the residential inventory at any point since.

Turnover has been steady but slow — roughly two dozen recorded resales across twenty-seven years, against fourteen residences. Holding periods of ten to twenty years are common, and at least two residences remained in original-purchaser hands for more than two decades. Recent trades have run substantially above the mid-2000s levels, and the largest units at the top of the northern building have set the building's high-water marks.

The pricing logic is loft pricing: per square foot, against SoHo full-floor and half-floor loft condominiums with private outdoor space, not against new-development inventory or against smaller Greene Street and Wooster Street conversions whose plates are half the size. Because units were sold raw in 1998, the spread between a fully renovated residence and an unimproved one in this building is wider than in almost any comparable address, and a per-foot average across the building is close to meaningless. Market statements should be indexed to the last complete year. Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.