Why is 15 Central Park West one of the most sought-after condominium buildings in New York? Because the Indiana limestone-clad facade building was designed by famed architect Robert A.M. Stern, the former Dean of Architecture at Yale? Its position directly on Central Park West and the famed Central Park itself? Its 14,000sf fitness center and 75 foot-long swimming pool with daylight overhead? Its private in-house restaurant with butler service? The 20-seat screening room? Conference facilities for private meetings or on-site parking? Perhaps the white-glove service from an experienced staff?
The answer: all of the above. When these features are added to its superb construction, they have rendered the highest condominium resale in all of New York at $88 million or $13,354 per square foot.
Positioned near the top of the Tower, this exquisite three bedroom, three and a half bath apartment is the highest available rental on the market in this prime building. Three of the major rooms span 40 feet of Central Park views from which to observe the changing seasons, the sun, and the clouds. Positioned on an east/west axis, sunsets over the Hudson River are visible to the west from the master bedroom and second bedroom.
Designed by David Mann of MR Architecture + Decor, this 2761sf apartment reflects an attention to detail rarely found. The large TV in the master bedroom is beautifully hidden behind a mirror, as is the television in the front library/third bedroom. Automatic shades, curtains, temperature controls for each room and a redesign throughout have yielded beautiful modifications of an already excellent design.
Manhattan’s Upper West Side extends from 59th St. to 110th St., west of Central Park and is recognized as a diverse cultural area. Many residents have migrated to this area to enjoy the prewar family-sized apartments, brownstones, walk-ups, and extravagant new condominium buildings. Residents with children will find excellent private schools in this area and will benefit from easy access to both Riverside and Central Park. Culture buffs will be smitten with the proximity to Lincoln Center, The Museum of Natural History, The New York Historical Society and The Manhattan Children’s Museum. There are numerous unique boutiques, specialty food stores, eclectic restaurants, and trendy bars on the Upper West Side.
With the recent unprecedented rate cut by the Federal Reserve, banks have been inundated with people looking to take advantage of lower interest rates. Because of the overwhelming demand, we have not yet seen a huge reduction in mortgage rates. While we aren’t there yet, it is likely that we will see a dramatic shift in the upcoming months, which raises the question, “What does a 1 point difference in interest rate do for my bottom line?”Read more