From an unassuming lot overlooking the Park Avenue viaduct is rising 1399 Park Avenue. The well-underway 22-story project will hold 72 condos offering far-reaching views of Central Park and the skyline. The project is being developed by Heritage Real Estate Partners who spent years assembling the site located at 104th Street, one avenue over from Mount Sinai’s hospital campus.
Hill West Architects (HW) are the designers and have shaped a glass and cast-stone-clad structure that staggers significantly as it rises. According to their page, the building rises through a “Mondrian-like” composition of interlocking cubes suspended from a solid vertical spine. Our architecture critic, Carter B. Horsley recently reviewed the building’s design and units. He likens the exterior to the Perkins Eastman-designed complex for Memorial Sloan Kettering and the Hunter College School of Nursing.
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Per a recent visit to the sales office, the development team alerted us that the building is now 40% sold. Likely due to the robust sales, our listings show that prices have been trending upward. Currently, a studio can be had in the building for a bargain price of $670K, one-bedrooms from $815K and two-bedrooms from $1.065M. Understandably, high floor residences are priced more aggressively. So far, the building’s top contract is a 20th-floor three-bedroom that was inked for $3.6 million ($1,377 per square foot).
Amenities will include a fitness center, a residents’ lounge, library with fireplace, billiards room, a children's playroom with climbing wall and ball pit and a communal outdoor terrace.
Construction progress as of early April; CityRealty
Google Earth aerial showing 1399 Park Avenue in the skyline; CityRealty
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