Photos of the Centria (Perkins Eastman Architects)
When The Centria was first built, Lois Weiss of the New York Post described it as “the first luxury residential condominium in Rockefeller Center” for its location at 18 West 48th Street. J.D. Carlisle Development Company, headed by Jules Demchick, purchased the development site for $23 million, a sum that combined two buildings and the air rights above a nearby parking garage, in 2004. Perkins Eastman designed a slender midlblock building covered in a two-toned emerald glass façade. Construction of the 34-story, 152-unit condo was completed in 2005 and its studios through two-bedrooms sold at an average price of $1,473 per square foot.
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Ten years later, Centria is CityRealty’s #32 Midtown West building with an average price of $1,993 per square foot for a compound annual growth rate of 2.97% and price increase of 33.97% (not adjusted for inflation). It comes in above the average Midtown West condo price of $1,775 per square foot.
Five apartments remain for sale with studios starting at $839,000 and one-bedrooms at $1.115 million. Unit 14B, a one-bedroom, 1.5-bath, is on the market for $1.595 million, or approximately $1,894 per square foot. Its floor-to-ceiling windows let in views of Rockefeller Center and Saint Patrick’s Cathedral. The master marble bath has Waterworks double sinks, a stone mosaic shower, and a deep soaking tub. Other features include 10-foot ceilings and an in-unit Bosch Axxis washer/dryer. There is a tax abatement through 2018, and the apartment is offered fully furnished.
The Centria's #28A is up for rent for $8,750/mo. (Stribling)
A number of one- to two-bedroom rentals are also on the market in Centria, starting at $4,400 per month. Unit 28A, a two-bedroom, two-bath, is listed at $8,750/month. Its position on a high floor offers views of Rockefeller Center, the Empire State Building, and the western New York skyline through its floor-to-ceiling windows. It features a stainless steel European kitchen with state-of-the-art appliances, in-unit Bosch Axxis washer/dryer, and white Waterworks marble bathrooms. The apartment is offered furnished for a minimum six-month lease.
Centria welcomes pets and lives up to its billing as a full-service condo with a 24-hour doorman, concierge, and live-in residence manager. A business center with Wifi and two conference rooms with adjoining courtyard gardens are excellent places to work remotely. On the leisure side, the building has a lounge and private smoking room. Other amenities include a fitness center and dining room with catering kitchen.
Architecture critic Carter Horsley points out that “this attractive, full-service, glass tower is about as close to the Rockefeller Center Christmas tree as an apartment building can get.” Its centralized location also puts it near premier Fifth Avenue shopping and several subway lines for an easy commute anywhere in New York. On a sidenote, a small structure for a high-end retailer is also rising next door, where a parking garage used to be.
New high-end retail structure rising next to Centria
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Content Specialist
Michelle Mazzarella
Michelle is a contributing writer and editor for real estate news in New York City
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