Between strict zoning requirements, multiple historic districts, and the fact that many of the formerly industrial buildings have already been converted to residential, Tribeca is not one of New York’s most development-heavy areas. New residential opportunities are thus treated with excitement, and that has certainly been the case at 450 Washington Street: Sales commenced in the later half of Q4 2022, but 20 contracts have been signed in the building in that time.
A spokesperson for 450 Washington Street said that some buyers were so excited that they signed their contracts before sales officially commenced. Current availabilities start at $939K for studios, $1.24 million for one-bedrooms, $2.15 million for two-bedrooms, $4.495 million for three-bedrooms, and $4.795 million for four-bedrooms.
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In a statement, Corcoran Sunshine Senior Sale Director Angeli Dececchis said, “The majority of buyers we have seen so far are Tribeca residents who recognize the value of the building and its prized waterfront location, as well as a number of loyalists who already rent or own in a Related building and are looking to expand their portfolio with the same access to the service, lifestyle, and amenities that only Related is known for.” The developer bought the one-time rental building for $260 million in February 2019, and architect Roger Ferris + Partners has embarked on a redesign to bring it up to Related condo caliber. This included a new French limestone plastered facade, oversized bronze framed picture and casement windows, and a complete interior reconstruction.
“Joining its next-door neighbors 456 Washington and 70 Vestry, 450 Washington will offer buyers a rare opportunity to own a modern home with protected waterfront views in Tribeca” – Robert Bernstein, Senior Vice President, Related
450 Washington Street represents Related's latest holding in this section of Tribeca. On the rental side, the location and amenities of 456 Washington Street are in such demand that there are currently no availabilities. Condominium 70 Vestry Street counts Tom Brady and Gisele Bundchen among its residents (no word on who got this pied-a-terre in the divorce), and a penthouse in the building was featured in Netflix hit My Unorthodox Life.
Beyond Related's local portfolio, the area has seen some of the city's most in-demand and expensive real estate. 450 Washington Street is up the street from celebrity favorite 443 Greenwich Street, which has welcomed Meg Ryan, Jake Gyllenhaal, Justin Timberlake, The Weeknd, Lewis Hamilton, and Jacob Trouba, to name but a few. It is also close to 67 Vestry Street, which went from a warehouse to the epicenter of Tribeca's creative scene (that included Andy Warhol) to an ultra-exclusive 13-unit condominium.
↓ Meticulously designed interiors feature 7” wide plank white oak flooring and bronze-finished, high performance-glazed windows with Caesarstone ledges.
Model residence by Rebecca Robertson Interiors (Colin Miller)
↓ Open-concept kitchens come equipped with warm-toned quartz countertops, crisp matte white lacquer cabinetry, Dornbacht fixtures, and Miele appliances.
↓ All bedrooms enjoy generous closet space.
↓ Primary baths showcase honed Calacatta Lincoln marble floors and surfaces and custom vanities with European white oak cabinetry. Select units enjoy rain showers and Zuma bathtubs.
↓ Select units open up to private balconies.
↓ The building is down the street from Hudson River Park, but residents arrive to a private courtyard designed by Hollander Design in partnership with Roger Ferris + Partners.
↓ The attended lobby features custom furnishings and lighting by MAWD.
↓ The fitness center was curated by The Wright Fit with cardio and weight training equipment.
↓ The golf simulator features multi-sport capabilities.
↓ A business center with two meeting rooms is ideal for those working from home or in a hybrid environment.
↓ A residents' lounge features a fireplace and private dining room with adjacent catering pantry and seating for 14.
↓ A lushly landscaped roof deck boasts BBQ grills, lounging and dining areas, and stunning views of sunsets and the Hudson River.
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