The Closest Penthouse to the Meatpacking District – 4Sale

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Trophy 2,737 -Sq/Ft Penthouse in West Village  (The Gansevoort) hit the market @ $4.95 MILLION
“In terms of location, 325 West 13th Street cannot be surpassed,” said Josh Najjar, who along with business partner Michael Petrillo, developed the property. “Since the Meatpacking District in not zoned for residential buildings, this is the closest penthouse on the market to the sough-after neighborhood. Just steps from historic cobblestoned West Fourth Street, residents will truly live in the center of the action in NYC, yet will also appreciate the peacefulness of a private penthouse with amazing views.”

Floorplans: Floor 1Floor 2Roof

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The Full Article
The closest penthouse to the Meatpacking District is available for sale at a newly reduced price of $4.95 million. The expansive duplex at 325 West 13th Street is a 2,737 square foot, three-bedroom, two and a half- bath residence boasting unobstructed West Village views, a spacious layout, exquisite finishes, and the grandeur and feel of a private townhouse. It comprises the top two floors of a 7-story, intimate boutique building at the crossroads of the West Village and the world-renowned Meatpacking District, designed to reflect the vibrant energy of the surrounding neighborhoods with a contemporary elegance.

gans“In terms of location, 325 West 13th Street cannot be surpassed,” said Josh Najjar, who along with business partner Michael Petrillo, developed the property. “Since the Meatpacking District in not zoned for residential buildings, this is the closest penthouse on the market to the sough-after neighborhood. Just steps from historic cobblestoned West Fourth Street, residents will truly live in the center of the action in NYC, yet will also appreciate the peacefulness of a private penthouse with amazing views.”

Najiar and Petrillo have previously collaborated on a 12,000 square-foot mansion in Greenwhich Connecticut and specialize in small, exclusive projects and unique custom design work. They brought their combined expertise and masterful skills to 325 West 13th Street, a building more intimate than typical condominiums, with each residence individually and exceptionally crafted.

Designed with a discerning and sophisticated buyer in mind, the penthouse features a spacious south facing, sun drenched living room with stunning wide plank Mahogany flooring and a gas fireplace. The home has an additional 1,500 square-feet of outdoor space including four terraces and a completely private roof top with fully-protected and unobstructed West Village views. A second floor Butler’s pantry with direct roof access makes the space especially convenient for outdoor parties and gatherings.

A large open kitchen features soft sage granite countertops, stainless steel backsplashes, custom Mahogany cabinets, and state-of-the-art appliances including a Sub Zero refrigerator and wine cooler, Viking range, Miele dishwasher and Grohe stainless steel faucets.

All of the home’s custom-designed bathrooms are outfitted by Waterworks, touting simple luxuries and a classic and refined style. The natural elements of marble, stone, glass and wood are combined to create a timeless elegance, accented by a beautiful handmade tile. The Guest baths features retro style JADO faucets and Waterworks vanities in a deep espresso color with the most cutting edge TOTO toilets and a tub shower combination.

The Master Suite bathroom features a lavish Mr. Steam shower with body sprays and an inviting Pistachio Limestone seat, a deep soaking tub that luxuriously accommodates two adults, and hydronic heated flooring. The adjoining Master bedroom features a large, private terrace with river views and deeply spacious walk-in closet.

The contemporary building has a distinctive tinted glass façade, enhanced by classic white limestone and black marble. Residents enter through a masterfully-appointed lobby of stone and glass. The residence is serviced by Virtual Doorman, and consists of seven full floor residences, each with keyed elevator access, and privacy. Aside from the penthouse, the building is fully occupied, housing an eclectic mix of international residents.

“Large spaces like this are extremely hard to find in the West Village, aside from single-family homes. This is a rare opportunity to find great space, in a fantastic neighborhood, and we’ve had interest from both local families looking for the ideal home, and from international buyers looking for the perfect pied-a-terre. 325 West 13th Street is a small building, built and designed with extreme care by small developers. Nothing is standard packaged or cookie cutter in design; the kitchen and bathrooms haven’t been bought in bulk. All of the tenants have kept the homes as they were delivered because they are already so individually characteristic,” said Michael Bolla, the property’s exclusive broker.
Penthouse residents will enjoy the quiet beauty of the West Village, and the vibrancy of the Meatpacking District, with its bustling nightlife, designer boutiques, and hip eateries. Local hotspots like the Gansevoort Hotel are just down the block, and beautiful outdoor spaces like The Highline park and the river are also nearby.

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About the Developers:
The partners of 325 West 13th Street have six decades combined experience in all aspects of real estate development, from design and construction to marketing and sales. They have applied the lessons learned over sixty years to ensure that the design and construction of the homes that they build are unparalleled.

About Luxury Lofts and Homes:
Michael Bolla is the Director of sales for Luxury Lofts and Homes, a boutique brokerage firm in New York City. One of the last of a nearly extinct breed of boutique firms in Manhattan, Bolla and his team are brokers of choice to accomplished entertainment professionals, their attorneys, and their managers. Their most recent focus has grown to include the marketing and sale of developments such as Bolla’s current project, the historic mansion at 436 W. 20th Street in New York’s Chelsea. Previous development projects include the 40,000-square-foot historic Forward Building in New York’s Lower East Side, the Garfield Building at 142 Henry Street, 16 East 94th Street, 52 East 4th Street and various buildings in SoHo. For more information, please visit their site.

We want to know – What do you want in 2010?

nycondosOk, so we are beginning to feel an uptick in the NY Real Estate Market and I think its about that time to ramp up the NY Condo Blog once again.

All of you have gotten to know us from writing reviews of the most exciting New York condo developments or luxury buildings and of course our Top Condos in 2009 & Top 100 List all which we definitely plan to continue.  We are also in brainstorming mode to build an even better NY Condo Blog for 2010.

In the past we have had requests for information or updates relating to:

-  Sold Data Comps & General Citywide Market Health Reports
-  Wall Street / Mortgage & Finance
-  Current Status on particular buildings (pre-construction)
-  Best buildings to “Invest” in
-  and…lots of other requests including where to get “free cupcakes”

We are building our template to improve the NYCB and are looking for input from you.

So, What do you want from us in 2010?

Send us your ideas on how to make the very best NY Condo Blog and we will send you a free cupcake!

Independence Plaza North Gone Stuy? (TriBeCa)

Not the normal NYCondoBlog news today – but interesting read on today’s New York Apartment wire…

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via Curbed by way of The New York Condo Loft

Stuy Town has gone into foreclosure, as Tishman defaulted on a loan payment on January 8th, 2010. A few months back, the tenants, fighting against the market rate rents they were being charged, won their case in court, bringing back rent stabilized apartments to the property until June 2010 (if not longer). The entire situation is extremely complicated – but it does bring about questions of how many other landlords have attempted to receive J-51 tax breaks for non rent-stabilized apartments in the past.

Now, the rumor mill is churning, wondering if Tribeca’s Independence Plaza North property should earn the title of “The Next Stuy Town.” Writes Curbed: Landlord Laurence Gluck pulled the 1,339-unit Independence Plaza North complex out of the Mitchell-Lama program in 2004 but continued receiving J-51 tax breaks for two years after that. Realizing this could end up causing rent problems, Gluck repaid two years of the tax breaks to the city, and the city retroactively agreed that he had stopped getting them in ‘04. Tenants sued, arguing that their rents just should have been stabilized all along, and the judge in the case asked for DHCR’s opinion, the Times reports. DHCR’s ruling was…not to make a ruling. The city runs the J-51 program, DHCR said, so if the city says Gluck stopped receiving J-51 benefits in 2004, ‘04 it was.

We certainly know some great rental brokers if your looking for a New York Apartment down in the TriBeCa neighborhood so please e-mail us at nycondoblog@gmail.com for more information & a great referral.

- James

William Beaver House — “Amazing 90-Day Deal”

We have exclusive access to an 832 sq ft. 1BR residence with river views at the William Beaver House that is available now and must close within 90 days.  This is the largest 1BR floor plan with the complete list of features and amenities below.

The price of $920,000 is well below the original market price as well as current asking prices by the Sponsor. Email us at nycondoblog@gmail.com for more information.

Residence Features

André Balazs and Tsao & McKown have brought all they know about residential living to bear on William Beaver House. The result is a study in functionality and hotel-inspired comfort.

9′ 8″ Ceilings heights in living room and bedroom.
18′ living room ceiling height in duplex residences
3.5″ Burmese teak floors
8′ 2″ double-glazed plate glass windows with horizontal shade pockets
Individual climate control in each residence
High-speed Internet, cable television and satellite wiring
Asko washer and dryer

Building Features

William Beaver House offers an original collection of 5-star hotel services and unmatched amenities:

André Balazs designed Lobby Lounge
24-hour doorman and concierge
Terrace hot tub with outdoor shower

Penthouse Sky Lounge with catering kitchen, private dining room and entertainment terrace, overlooking lower Manhattan, New York Harbor
and the East and Hudson Rivers

Large, professional screening room / dance lounge with wet bar
Landscaped sundeck on 47th floor
Indoor parking with valet
Fully-equipped, indoor/outdoor fitness center
Glass-enclosed lap pool with lounge-deck and bar
Outdoor basketball court with bleachers
Squash court
Outdoor handball and tetherball courts
Sauna & steam rooms
Men’s and women’s locker rooms
Refrigerated storage in lobby for perishable deliveries
Covered outdoor dog run

Bathing Suite

Bathrooms in the William Beaver House are intended as a retreat from busy urban life with flexible spaces, designed for both convenience and style.

Adjustable, full-height louvered doors w/ Deep soaking Tub, 5’6″ x 4″
Separate shower and water closet enclosure
Wall Tile: white, flat-edge, matte-finish ceramic wall tile 4″ x 16″
Floor Tile: white matte ceramic wall tile 4″ x 16″
Custom cantilevered Corian vanity with finely crafted Corian mirror surround
Integrated custom medicine cabinet with integrated lighting
Toto Carolina Water Closet

Kitchen

William Beaver House kitchens are finished in the same spirit as the bathing suite and perfectly proportioned for everyday convenience.

Concealed kitchen – all appliances are faced with cabinetry matched panels
Custom white high gloss lacquered cabinetry
Caesarstone counter top and sliding backsplash with concealable faucet set
Custom Caesarstone countertop with sliding walnut butcher-block
Blanco stainless steel kitchen sink with Vola faucet in satin chrome finish
Fully integrated refrigerator or freezer
Miele gas cook top w/ Integrated stainless steel hood
Bosch 30″ convection oven
Stainless steel GE Microwave
Miele Incognito dishwasher

200 West End and Clarett Group Finish Closings; Howard Stern, 30 Rock and Rescue Me

News comes to us that the developers of the 200 West End Avenue Condominium have closed on their final apartment and that the closing took place at the end of 2009. We are also told that the $/sq ft sellout for the Clarett Group project was well above $1,350/sq ft for the 166 apartments at the luxury Upper West Side condominium. The Costas Kondylis & Partners designed building was initially slated for 191 apartments but public records show that numerous apartments were combined. Records show there were two Penthouse combinations done at 200WEA creating enormous full floor 4,019 square foot homes. These residences sold for $8 million and $8.2 million respectively.

We wrote about 200 West End Avenue in 2007 but the project remained under the radar with the exception of the purchase of a 22nd floor residence by Howard Stern’s news anchor and sidekick, Robin Quivers. Ms. Quivers paid $2,425,000 in May of 2008 and is still the owner of the apartment.

While we rated the building an A- in 2007 and still feel $1,350/sq ft is more than a fair price for these apartments, Steven Pasquale, of Rescue Me fame, may disagree. In documents recorded in December of 2009, Mr. Pasquale sold his 788 square foot 1 bedroom at 200 West End Avenue for $865,000 which is $45,000 less than what he paid in January of 2008.

Streeteasy.com shows no other apartments currently listed for sale which means fellow television star, Jack McBrayer, is keeping his 992 square foot apartment. Public records show the 30 Rock star purchased the apartment in 2008 for $1.35 million.

Congratulations to the Clarett Group on their successful completion of 200 West End Avenue.

-James