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A blog from CityRealty (Links below will take you to the 6sqft site)
In Contract

Five Five Zero, 550 West 29th Street, #7D

$3,295,000 ($1,769 per ft2) | 3 beds, 3 baths | Approx. 1,863 ft2
130 days on Market

Key Details

  • Listed: Jan 13, 2022
    Days on Market: 130
    Building Type: Condominium
    Neighborhood: Chelsea (Manhattan)
    Listing viewed 404 times
Monthly Common Charges: $2,867
Monthly Real Estate Taxes: $3,777
Total Taxes & Fees: $6,644 ($3.57/ft2)
Est. Monthly Mortgage: $14,572
Total Est. Monthly Carrying Cost: $21,216 ($11.39/ft2)
Note: the above is based on a down payment of 20% ($659,000), which is the minimum amount permitted by the building.

Description

IMMEDIATE OCCUPANCY

Introducing Five Five Zero, a brand new West Chelsea condominium located between the High Line and the Hudson River. Beneath a striking facade of limestone Roman bricks interspersed with massive metal casement windows, the building contains 19 stunning 3- and 4-bedroom units of remarkable quality and craftsmanship.

This stunning 3-bedroom, 3-bathroom duplex condo spans 1,863 square feet, with soaring double-height ceilings up to 20-feet and a private balcony.

Beyond a spacious foyer adorned with a large coat closet and a windowed full bathroom, the lower level of the home flows into an enormous, open-concept living room, dining room, and kitchen. The living room leads out onto the balcony, while the kitchen is equipped with an eat-in island, custom Italian cabinetry, Pietra Cardosa countertops and a matching backsplash, Lefroy Brooks faucets, and a suite of fully coherent high-end appliances from Wolf, Sub- Zero, and Miele.

Completing the lower level is a large bedroom with a large reach-in closet.

The remaining two bedrooms sit on the upper level of the home. The master bedroom possesses a cavernous walkin closet, an additional reach-in closet, and a windowed en-suite bathroom with his-and-hers sinks, a custom white oak medicine cabinet, Italian Dolomite marble walls and floors, Lefroy Brooks fixtures, a large walkin steam shower, and a separate Zuma soaking tub. The second bedroom has a closet and an en-suite bathroom with limestone floors and a Catalano ceramic sink.

Additional features of this 1,863 sq. ft. apartment include wide-plank oak flooring, energy efficient multi-zone heating and cooling, 20-ft double-height ceilings, an in-home washer/dryer, floating oak stairs with an ornamental steel handrail, huge metal casement windows with southern and western exposure, and a balcony.

Five Five Zero offers residents a number of white-glove amenities that include a 24-hour attended lobby, a full-time super, a fully equipped fitness room, a sauna, a state-of-the-art security, and video intercom system, commercial-grade washers for oversized items, a bicycle room, and storage units.

The building is surrounded by trendy restaurants, cafes, bars, galleries, and shops, and is around several parks and the Hudson River. Pets are welcome.

THE COMPLETE OFFERING TERMS ARE IN AN OFFERING PLAN AVAILABLE FROM SPONSOR. FILE NO.

CD17-0017.

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Apartment Amenities

  • Southern Exposures

Listing Agent (Seller's Representative)

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Pricing History

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About Five Five Zero, 550 West 29th Street

78

Five Five Zero, 550 West 29th Street has received a CityRealty Rating of 78, based on:

 
Architecture

Anything above 30 is remarkable, from 20-29 is distinguished and from 11-19 is average, while below 11 is below average.

 
Location

Anything above 27 is remarkable, from 18-26 is distinguished and from 9-17 is average, while below 9 is below average.

 
Features

Anything above 22 is remarkable, from 16-21 is distinguished and from 9-15 is average, while below 9 is below average.

Rating Summary

23
Out of 44
+
26
Out of 36
+
20
Out of 39
+
9
=
78
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Distinguished 6 out of 8 points
Retail Quality:
Attractive 4 out of 5 points
Canopy Entrance:
No Canopy 1 out of 3 points
Alterations:
None 2 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
Yes and Good 2 out of 3 points
Skyline:
Exists 1 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Attractively Enclosed 2 out of 2 points
Airconditioners:
Not Allowed 2 out of 2 points
Free Standing:
No 0 out of 2 points
Gargoyles:
None 0 out of 2 points
Garden:
None 0 out of 2 points
Fenestration:
Consistent 1 out of 1 points
Landmark:
No 0 out of 2 points
Unity:
Unrelated Base 0 out of 1 points
Illumination:
None 0 out of 1 points
Water Element:
None 0 out of 1 points

Location Rating: Points Breakdown

Street Ambience:
Attractive / Pleasant 3 out of 5 points
Distance To Neighborhood Center:
Less than 10 blocks 5 out of 5 points
Views:
Open 2 out of 4 points
Neighborhood Ambience:
Very Attractive 3 out of 3 points
Traffic Noise:
Some 2 out of 3 points
Protected Views:
Only Top Floors 1 out of 2 points
Distance To Subway:
More than 5 Short Blocks 0 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
3-5 Short Blocks 1 out of 2 points
Distance To Park:
Less Than 3 Short Blocks 2 out of 2 points
Distance To Water:
Less than 3 Short Blocks 2 out of 2 points
Shopping:
6-10 Short Blocks 1 out of 2 points
Schools:
No Noise 1 out of 1 points
Noise From Nightlife:
None 1 out of 1 points

Features Rating: Points Breakdown

Lobby:
Quite Stylish 3 out of 5 points
Units Per Floor:
2 4 out of 5 points
Ceiling:
14 or more Feet 4 out of 4 points
Balconies:
Some 1 out of 3 points
Health Club:
Yes 1 out of 2 points
Private Gardens:
None 0 out of 2 points
Storage Rooms:
Considerable 2 out of 2 points
Bay Windows:
None 0 out of 1 points
Fireplaces:
None 0 out of 1 points
Door Person:
None 0 out of 1 points
Concierge:
Yes 1 out of 1 points
Elevator Person:
None 0 out of 1 points
Recreational Roof:
Yes 1 out of 1 points
Driveway:
None 0 out of 1 points
Maids Room:
None 0 out of 1 points
Catering:
None 0 out of 1 points
Garage:
None 0 out of 1 points
Mixed Use:
Yes 1 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
Some 1 out of 1 points
Prewar:
No 0 out of 1 points
Other Amenities:
Some 1 out of 2 points
  • Condo
  • Built in 2019
  • 19 Apartments
  • 12 Floors

Building Amenities

  • Attended Lobby
  • Post War
  • Resident Storage
  • Central AC
  • Video Intercom
  • Elevator
  • Fitness Center
  • Laundry Room
  • In-Unit Washer/Dryer
  • Bike Room
  • Live-In Superintendent
  • Spa / Therapy Room
  • Terraces / Balconies

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Pros
  • Attended lobby
  • Fitness center
  • Roof deck
  • Storage
  • Bicycle room
  • Near the High Line
  • Many units have 20-foot-high ceilings in living rooms
  • Some full-floor units
  • Many duplexes
Cons
  • No swimming pool
  • No sidewalk landscaping
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Listing provided courtesy of The Corcoran Group