Tucked away within the austere limestone façade of Architect Robert A.M. Stern’s 15 Central Park West is this fabulous apartment courtesy of Carl D’Aquino and Francine Monaco of New York-based design firm D’Aquino Monaco. Every single room is a treat to the senses, with bold splashes of color and unusual finishing touches combined to create a living space as cozy as it is quirky.
15 Central Park West
Real Estate Wire: 15 CPW Pad Sells for 3x’s Its Purchase Price; Atlantic Yards Modular Tower Could Leak, Mon, September 22, 2014
- A tower unit at 15 Central Park West has sold for nearly $10M, about three times what the owner paid for it. [NYO]
- The Astoria Cove housing development is required to set aside 20% of its 1,700 units for lower-income residents, but the city may push for as many as 30%. [Crain’s]
- The Fiscal Policy Institute wants the city to start taxing very expensive pied-à-terres. [TRD]
- The B2 modular tower at the Atlantic Yards (a.k.a. Pacific Park Brooklyn) could leak says Skanska in documents to Forest City Ratner. The builder and developer are headed to court tomorrow. [Atlantic Yards Report]
- Brooklyn-based real estate investor and lender Alliance Private Capital Group has purchased a residential development site in Williamsburg for $35M. [Crain’s]
- A taste of the apartments at 1110 Park Avenue. [Curbed]
15 Central Park West (left); B2 Tower (right)
Decisions, decisions…sometimes there’s just far too many in New York City. Thai or Chinese takeout? Subway or bus? Central Park or the High Line? The list goes on. And one of the most grueling decisions we make as New Yorkers is where to live. From choosing a borough and neighborhood to deciding on a price point, it’s quite the undertaking. But what about the most elementary component of the building in which we decide to live–it’s material. To be more exact, glass or stone.
Glass tower dwellers are often drawn to the floor-to-ceiling windows, panoramic views, and clean lines, whereas buyers of apartments in stone buildings prefer a more traditional feel, with pre-war-style layouts that provide great separation of spaces. And some of the city’s most prominent architects have become synonymous with one style or the other. Think Richard Meier for glass and Robert A.M. Stern for stone. CityRealty decided to take a closer look at this epic battle and see how pairs of glass and stone developments fared across the city.
Robert De Niro‘s new home may not be in his beloved Tribeca, but the full-floor pad at 15 Central Park West is one of the city’s most expensive rentals. Unit 35AB is two separate condos combined into one on the 35th floor. The 6,000-square-foot, five-bedroom apartment is owned by steel magnate Leroy Schecter, who purchased the property in 2008 for $18.9 million. He originally put the condo on the market in 2012 for $95 million, then reduced it to $85 million in April 2013, and once again to $70 million in November.
De Niro and his wife Grace Hightower were displaced in 2012 when a fire ripped through their triplex at the Brentmore, 88 Central Park West. The couple has been renting in the West Village, but it looks like they wanted to return to the Upper West Side while renovations are completed on their permanent home. And they’re in good company; Alex Rodriguez and investor Henry Silverman have rented the same unit in the past.
That’s right, $18 million. According to city records, Spanx founder and self-made billionaire Sara Blakely sold her apartment at 15 Central Park West for $30 million, almost triple the $12.11 million she paid for it in 2008.
The sale comes on the heels of CityRealty releasing its CityRealty 100 list of most expensive homes in the city, on which 15 Central Park West is listed first. The prestigious, Robert A.M. Stern-designed building has an average price per square foot of $6,288 (the Time Warner Center, which came in second has an average of $4,689) and it also holds the priciest condo sale through the second quarter of 2014 at $48 million.
Even with the thousands of new residential units that have hit the market in the last year, there are still a handful of tried-and-true properties in Manhattan that will always be coveted by the rich, the famous, and those who just wish they were rich or famous. So which properties sit at the top of this list? We turn the CityRealty 100 for the low-down on what buildings have outdone all of the rest. Their latest report tracks the performance of Manhattan’s top 100 condo buildings through the second quarter of 2014.
Who wouldn’t want to be able to order a juicy burger in the middle of the night and have it delivered in mere minutes? Or never have to worry about making the bed or folding sheets ever again (does anyone know how to fold the fitted sheet properly)? How about having an on-call masseuse? This is the life of living in a condo hotel.
Today, the city is teeming with these luxurious hybrids. The Residences at the Ritz Carlton in Battery Park City are home to the city’s most expensive listing at $118 million. The landmark Plaza Hotel was partially converted to 181 residences in 2008. And let’s not forget One57, the 90-story, 52-condo tower that will be the first five-star luxury hotel to rise in New York City in the last ten years. But do the vacation-worthy amenities at these buildings make them dominant in the real estate market?
It’s great being Sandy Weill, and apparently it’s also pretty good being his hired help. According to city records, the former Citigroup chairman just sold off his servants quarters, a lovely little sixth floor pad at celeb favorite, 15 Central Park West.
The sale of 6H rang in at an impressive $5.337M — more than five times what Weill paid for it back in 2007. But Weill is no stranger to making big bucks on his real estate deals. Back in 2011 he sold his apartment in the same luxury tower for a record-breaking $88M to Katerina Rybolovleva, the young daughter of Russian billionaire Dmitriy Rybolovlev.
- Leading into summer, the market continues its roller coaster ride — we’re seeing sharp increases in sales following an unexpected lull in the typically active spring season. For the week of May 12th, the city recorded 233 sales; Manhattan condos sold for an average of $3 million, while co-ops pulled in an average $1.3 million.
- One57 scored not one, but two of the most expensive sales of the week at $30.5 million and $17.8 million. But it was celeb favorite, 15 Central Park West, that staked claim to the top spot with a buyer paying $48 million for the keys to #1819B.
- The real-estate flip: We all know someone who knows someone who managed to buy at the right moment only to sell it months later for an exorbitant sum. We look at three of NYC’s biggest moneymakers in the last three years. One of which comes courtesy of the Winklevoss Twins.
- An anonymous buyer snagged an 18th – and 19th-floor apartment at 15 Central Park West for $48 million. This purchase is the second most expensive sale in the building, falling “just” $40 million short of former Citigroup CEO Sany Weil’s penthouse buy.
- Most Manhattan apartments don’t come with an inch of green space, but the six listings highlighted in our report sure do! Guess which addresses have green escapes hidden from prying eyes…
- 116 condos sold for an average of $2.4 million; and 137 co-ops sold for an average of $1.2 million during the week of April 28th-May 4th. With summer just around the corner, it looks like buyers are clamoring to close.