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

299 West 12th Street, #PHA

$18,300,000 | 3 beds, 4 baths
49 days on Market

Key Details

  • Listed: Jun 21, 2022
    Days on Market: 49
    Building Type: Condominium
    Neighborhood: West Village (Manhattan)
    Doorman: FT Doorman
    Listing viewed 568 times
Monthly Common Charges: $5,300
Monthly Real Estate Taxes: $1,904
Total Taxes & Fees: $7,204
Est. Monthly Mortgage: $81,843
Total Est. Monthly Carrying Cost: $89,047
Note: the above is based on a down payment of 20% ($3,660,000), which is the minimum amount permitted by the building.

Description

We are presenting you a once-in-a-generation opportunity to own the penthouse in the iconic 299 West 12th Street.

Built-in 1930 by the legendary Bing and Bing brothers, and penned by their favorite architect Emery Roth, 299 West 12th street is one of only two collaborations they did downtown. Like all the building of this legendary team, it was an instant hit and over the years has been home to many celebrities. When it was converted into a condo in 1986, the sponsor, deciding PHA was the best unit in the building held onto it for himself.

In 1990, he finally sold it to the current owner who has maintained and cherished it for over 36 years. Over the years, several changes have been made to make the apartment more suitable for the current owner, but careful attention was paid to never diminish or take away from the awe-inspiring uniqueness of the home.

PHA has nearly 3,000sf interior space, along with 1,950 square feet of outdoor terrace delight across two floors. Impressive on their own, what makes this Penthouse so unique is the interconnectivity between those two, ending up with nearly 5,000 livable square feet.

On the lower floor of the penthouse, the terrace wraps around the apartment, granting direct easy access to usable exterior space from every significant room. And because 299 west 12th street is the highest building in the West Village, north of canal street its views from this terrace are simply outstanding. A major drawback to most wrap-around terraces is that they are often too narrow to be practical.

Thankfully the terrace on the lower floor of PHA also has a large wider area that is perfect for outdoor activities like dining, lounging, or bocce ball.

This multi-purpose area also has the added benefit of being very protected by a wide building wall on the east side, this enables it to remain very practical throughout the year, yet leaves the views of the Hudson River, West Village, FiDi, Meatpacking District, and even Hudson Yards uninterrupted. You have simply never seen a vantage point quite like this one. The interior space on this level is currently arranged into 4 major spaces, the study, living room, formal dining room, and the kitchen/breakfast room, along with 1.5 bathrooms.

The ceiling height on this floor is 10ft, and every room on this floor has windows (including the bathrooms) with spectacular views of the terrace and the vistas beyond. Every spot on this floor has views, even the entry foyer. However, I would like to draw special attention to the kitchen and the living rooms, as their connectivity with the terraces through French doors, and their views are honestly spellbinding.

Completing the feeling of enchantment on this floor, there is an oversized solarium that functions as a gateway between the living room and the main part of the terrace.

Currently used as an office, it is easy to see that such a structure, regardless of how attractive, would never again be allowed to be constructed on top of such an iconic building. The upper floor, with its 14ft ceilings is almost entirely taken up by a "great" room (in every sense of the word). Part of what makes it so great is the oversized fireplace, flanked by large windows looking south, and when looking out of those windows is easy to imagine, in 1930 you could see the statue of liberty from here.

There also is a full bathroom, and a bedroom, on this floor, but it is easy to see that someone would reimagine this space for more contemporary use. This reimagination will almost certainly be focused on this floor’s terrace.At 750sf the terrace of this floor is even better than the lower floor, as it combines practicality and the entire 270-degree panoramic views of the lower floor, but from one single vantage pointthere is not a bad seat on this terrace or this home for that matter.

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Listing Agent (Seller's Representative)

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Pricing History

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About 299 West 12th Street

76

299 West 12th Street has received a CityRealty Rating of 76, 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

26
Out of 44
+
28
Out of 36
+
14
Out of 39
+
8
=
76
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Distinguished 6 out of 8 points
Retail Quality:
Good 3 out of 5 points
Canopy Entrance:
Attractive 2 out of 3 points
Alterations:
None 2 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
No, but Very Good 3 out of 3 points
Skyline:
Highly Visible 2 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Attractively Enclosed 2 out of 2 points
Airconditioners:
Allowed and Present 0 out of 2 points
Free Standing:
Corner 1 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:
Part of Historic District 1 out of 2 points
Unity:
Unified Design 1 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:
Outstanding 5 out of 5 points
Distance To Neighborhood Center:
Less than 50 blocks 1 out of 5 points
Views:
Impressive 3 out of 4 points
Neighborhood Ambience:
Very Attractive 3 out of 3 points
Traffic Noise:
Some 2 out of 3 points
Protected Views:
Many 2 out of 2 points
Distance To Subway:
3-5 Short Blocks 1 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:
5 or less Short Blocks 2 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:
5-9 2 out of 5 points
Ceiling:
8-9 Feet 1 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:
Minimal 1 out of 2 points
Bay Windows:
None 0 out of 1 points
Fireplaces:
None 0 out of 1 points
Door Person:
Yes 1 out of 1 points
Concierge:
Yes 1 out of 1 points
Elevator Person:
None 0 out of 1 points
Recreational Roof:
None 0 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:
No 0 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
No 0 out of 1 points
Prewar:
Yes 1 out of 1 points
Other Amenities:
Many 2 out of 2 points
  • Condo
  • Built in 1931
  • 183 Apartments
  • 16 Floors

Building Amenities

  • Conversion Year: 1986
  • FT Doorman
  • Resident Storage
  • Washer/Dryer in building
  • Elevator
  • Bike Room
  • Fireplaces

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Pros
  • Historic West Village neighborhood
  • Across from small park
  • Not far from the Hudson River
  • Cross-town buses and express subway stop are two blocks away on 14th Street
  • Doorman
  • Many attractive buildings in vicinity
  • Some terraces
Cons
  • No concierge
  • No garage
  • No health club
  • No balconies
  • Considerable traffic on Eighth Avenue
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Subways

  1. C
  2. A
  3. E
  4. L
at 8th Ave and 14th 0.20 miles
  1. M
  2. 1
  3. 2
  4. 3
  5. F
at 7th Ave 0.27 miles
  1. B
  2. D
at 6th Ave and Waverly Pl 0.45 miles

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Listing provided courtesy of Brown Harris Stevens