NYC Real Estate Roundup

MARCH 16, 2012

NYC's priciest condo for sale.
A 10,882 square-foot duplex penthouse atop the Ritz-Carlton at 50 Central Park South (shown) is on the market for $77.5 million. The apartment is owned by Millennium Partners founder Christopher M. Jeffries, and it's the most expensive condo for sale in the city since fellow one-percenter Sandy Weill sold his 15 Central Park West penthouse for $88 million (CurbedNY).

Former telco tower goes luxury condo.
As part of an attempt to shed unneeded office space, telecom giant Verizon sold Walker Tower, a 23-story building at 212 West 18th Street in Chelsea. Floors 8 and up of the Art Deco building will reportedly become 53 luxury condo apartments. Expect 12- to 15-foot ceilings, French oak herringbone floors with radiant heat and more, plus an average unit size of 3,000 square feet (NYObserver).

HL23 awarded for design.
The new Chelsea condo project HL23, located at 517 West 23rd Street, was recognized last week with a 2012 AIANY Design Award by the American Institute of Architect's New York Chapter. The angular glass 14-story tower, with 11 apartments, was designed by Neil M. Denari Architects.

Upper West Side vote bars big retail.
The Upper West Side’s Community Board 7 recently voted in favor of zoning changes that would restrict the size of retail storefronts on some avenues in the neighborhood. The zoning restrictions are in response to neighborhood residents’ concerns that big-box stores and banks were taking over and crowding out small "mom and pop" stores (Crain’s NY).

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NYC Real Estate Roundup

MARCH 16, 2012

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