F
ive Points Development has secured approval from the attorney general for its super-slim skyscraper at 262 Fifth Avenue. However, pricing for most units remains unclear. Only five of the 26 residences have listed prices in the approved offering plan, with Boris Kuzinez's team citing a need to assess market conditions before releasing further details.

    The initial five units range from $9.15 million for a 2,200-square-foot simplex to $23.25 million for a 2,859-square-foot duplex on the 60th floor. Douglas Elliman's Michael Graves, leading sales at the project, emphasized that prices will only increase and not decrease.

    Graves declined to provide a total sellout figure but stated that the current pricing suggests the building will be more expensive than comparable Downtown properties. The project has undergone significant changes since Kuzinez acquired the lots in 2015, with the original plan for a 1,009-foot-tall tower being scaled back due to financing issues.

    The skyscraper, which topped out this year with its distinctive oculus and golden arch, is expected to receive a temporary certificate of occupancy within the next 12 months. Graves attributed the project's exclusivity to its limited number of units, saying that only 26 "tickets" are available for what he described as an extremely exclusive club. Sales are set to launch in the spring.