File 022417

Park Mansion Development Marketing Materials and Floor Plans (File 022417)

Marketing and architectural documentation for The Park Mansion, a prewar condominium conversion project at 320 East 82nd Street in New York, featuring unit floor plans and promotional materials dated November 2015.
Summary
This document comprises marketing materials and architectural floor plans for The Park Mansion, a luxury condominium conversion project located at 320 East 82nd Street in New York City. Dated November 23, 2015, the correspondence from David J. Mitchell updates partners on the demolition completion and progress toward securing building permits and finalizing contractor selections. The accompanying architectural plans, prepared by Jeffrey Cole Architects, detail the cellar, first through fourth floor layouts, showcasing the project's mix of four full-floor residences, one duplex maisonette, and a penthouse unit with various bedroom and bathroom configurations.
Images
Text
PARK PARTNERS
320 EAST 82 ST I NEW YORK I NY
November 23, 2015
Dear Partner,
I hope this letter finds you well — please see the below updates on the Park Mansion:
I am happy to report that we have completed the building's demolition stage. I have included a
few photos for your reference.
Furthermore, we are very close to filling our building permit and we have finalized our design
for the units. Please see the attached plans. The team is finishing interviews with General
Contractors (GCs) and has come down to the final five GCs that will be allowed to bid on the
project.
Additionally included are visuals for the sidewalk shed and a rendering for the website.
Please fell free to contact me if you have any questions at
Thank you so much for your trust and friendship,
David J. Mitchell
801 Madison Avenue, New York, NY 1 0065
or
HOUSE OVERSIGHT 022417
12'
A
Introducing The Park Mansion, a striking
prewar condominium conversion featuring
four full floor residences, one grand duplex
Maisonette with dramatic outdoor space
and one spectacular Penthouse.
THE PARK MANSION
320 82ND STREET
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GREG WILLIAMSON JAMIE MITCHELL
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10'
SIDE PANEL
PARK MANSION
320 82ND STREET
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Introducing The Park Mansion, a striking prewar condominium conversion
featuring four full floor residences, one grand duplex Maisonette with
dramatic outdoor space and one spectacular Penthouse.
PARK MANSION
.120 82ND STREET
FOR INQUIRES PLEASE CONTACT
GREG WILLIAMSON AND JAMIE MITCHELL
T.
5'
WWW.PARKMANSION.NYC
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DEVELOPMENT MARKETING
WILLIAMSON
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FRONT PANEL
Introducing The Park Mansion, a striking
prewar condominium conversion featuring
four full floor residences, one grand duplex
Maisonette with dramatic outdoor space
and one spectacular Penthouse.
THE PARK MANSION
320 82ND STREET
PAR KMANSI ON - NYC
013.0eth,:kii
GREG WILLIAMSON JAMIE MITCHELL
T.
A
10'
SIDE PANEL
12'-4"
HOUSE OVERSIGHT 022418
HOUSE OVERSIGHT 022419
JEFFREY
COLE
ARCHITECTS
258 EAST 3RD STREET
GROUND FLOOR
NEWYORK NY 10009
PHONE:
FAX:
70 - 2'
GRATED WALKWAY ABOVE
30' - 10"
1
1   POWDER   o
ROOM
1   —
1   1   LAUNDRY
\ / 1   REC ROOM FOR UNIT 1   ROOM
\ / / \  1*-/  ..."   596 SF SKYLIGHT ABOVE
ELECTRICAL ROOM   /
---
POWDER
BOILER ROOM   1   1 1
I   ROOM
EXISTING COLUM   1 1 1 1   /— EXISTING COLUM
I
GYM   STORAGE FOR   STORAGE FOR   STORAGE FOR   L   e
UP   UNIT 4    UNIT 5    UNIT 6    1 1
UP
POWDER   1 1
FACILITIES MGR   -----)   ROOM    1 L 1
STORAGE FOR    --------,-.   _ _ _I F - I
BIKE STORAGE   '''\
(IC   UNIT 3   1 1
ROOM   STORAGE ROOM FOR
1 1
I I   UNIT 1
L  224 SF
----A
EXISTING COLUM ____
II
I \\ \
I \
I 1 1 1 1 1
IH
\ 1 1 1 1
REC ROOM FOR UNIT 2
\—   1— — —k REF. '   913 SF
— REFUSE ROOM
WATER PUMP ROOM   —   N. N. 9'-a' X 6'-8" 'I--12: I_   F
_ _I   1
- - - H   EXISTING
- - -1   COLUM
\_____up _____________________________________ L _ _ _ _ J I
_   ___ POWDER
UP   UP   ROOM
\
EXISTING STAIR
ED CELLAR
1/4" = V-0"
NEW STAIR
No.
Revision
Date
M.E.P. Consult=
Structural Consult=
North Arrow
320 EAST 82ND
STREET
a
2015-11-18
a)
D.O.B SET
CELLAR PLAN
Sheet Number
A-100.00
0
1 of 8
HOUSE OVERSIGHT 022420
JEFFREY
COLE
ARCHITECTS
258 EAST 3RD STREET
GROUND FLOOR
NEWYORK NY 10009
PHONE
FAX
72 - 2'
0 i   0
I
/-1   DN   LE
TYPE   A   v) (2)
BATHROOM   0 c_,
0 0
KITCHENETTE
CZ   00   BEDROOM 3
BEDROOM   4
BATHROOM 4   —   12'-4' X 10G6'   SKYLIGHT
0 0   FOYER
14-3' X 10   -8'   208 SF
rii   \ I
\ I
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FRZR.   REF.   Aswu-113--
CLOSET
-1   CLOSET
OUTDOOR TERRACE
FOR 1ST FLOOR UNIT ----.....
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BEDROOM 2
1 2'-4' X 12-G'
UP   UP
4 RISERS   2 RISERS   _L -----   BATHR
CLOSET
W.I.C.
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DN   \
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---)   -1- — —   REF.
UP   I i- — —   REC.   1 3 RISERS
@ 7''
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PACKAGE
MASTER BEDROOM
ROOM   MASTER   13'-9'' X 16'-G'
HOME OFFICE   MAILBOX ________________   BATHROOM
RAMP   FOR 2ND
FLOOR UNIT
1
=—..,   4 RISERS   UP   I 1\11-111--
BATHROO M 5   I
@ 7 1/2'
DN ____   I OUTDOOR TERRACE
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EXIST.
SPRINKLER
RISER ______
1ST FLOOR
1/4' = 1'-G'
1`.
SKYLIGHT
No.
Revision
Date
M.E.P. Consult=
Structural Consult=
North Arrow
320 EAST 82ND
STREET
2015-11-18
a)
D.O.B SET
FIRST FLOOR PLAN
Sheet Number
A-1 01 .00
0
2 of 8
HOUSE OVERSIGHT 022421
JEFFREY
COLE
ARCHITECTS
258 EAST 3RD STREET
GROUND FLOOR
NEWYORK NY 10009
PHONE:
FAX:
72 - 2'
29' - 2'
7   --`
I   1   o   o
.J
1 I
TYPE A   W.I.C. I
BATHROOM    I
0 0   BEDROOM 3
KITCHENETTE
0 0
0 0
\
—11
LINEN
CLOSET
LIVING ROOM    DINING ROOM
25-cr X 164'   13-81 X 9'-6'   FRZR.   REF.
____ ART WALL WALL
HALLWAY
BEDROOM 2
12'-41' X 12'-01
1 ________91   CLOSET   4 -----   BATHRO
I
W/D   \ \\N\    \N\\N\\\X\\\\\N\\   I
ENTRY FOYER   Fo
0   /   0
DN 20 RISERS @ 7 3/4''   W/D
UP
/
REF.   DN   7 -----
REC
12 RISERS
@ 7''
710__________ —0   o
Y   .
MASTER BEDROOM
9 RISERS   MASTER
‘.   @ 7'   BATHROOM   1a-s, x 16-cr
BEDROOM 4
DRESSING
12-11 X 8-101   POWDER
AREA    UP
BATHRO 4    ROOM
1
[   MECHANICAL
CLOSET    ROOM
o ______________
2ND FLOOR1/4=1 -0
EXIST.
SPRINKLER
RISER ______
DN
No.
Revision
Date
M.E.P. Consult=
Structural Consult=
North Arrow
320 EAST 82ND
STREET
2015-11-18
a)
D.O.B SET
SECOND FLOOR
PLAN
Sheet Number
A-102.00
0
3 of 8
HOUSE OVERSIGHT 022422
JEFFREY
COLE
ARCHITECTS
258 EAST 3RD STREET
GROUND FLOOR
NEW YORK NY 10009
PHONE:
FAX:
72 - 2'
t
7r7777777774
______ ._,..1
1 1   "
CI
TYPE   A   I
CBATHROOM   T1I
0 0   BEDROOM 3
KITCHENETTE
0 0
Ii00 __________
_
I   LINEN
CLOSET
LIVING ROOM
25-2' X 16-4"   DINING ROOM
FRZR.   REF.
_____ ART   1 WALL WALL   HALLWAY
BEDROOM 2
7   1 2'-4'' X 1 2'-0''
CLOSET   W.I C
W/D   \\\\\\\\\\\\\   \ \
ENTRY FOYER
0   .0   0
W/D   UP /
/   _______________________________________711'______   1-1
___ -:   •   ‘
I   IN   V   W.I C.
DN
REF.   14 RISERS
@ 7'   7-----
REC.
i
0
1
10 RISERS
BEDROOM 4   @ 7''   MASTER   LII   MASTER BEDROOM
1 3'-9'' X 12-1''   BATHROOM   13'-9'' X 16'-a'
DRESSING   POWDER
AREA    ROOM    UP
BATHRO 4
MECHANICAL   1
§1   _____________ r
CLOSET    L1i   ROOM
1--11
. I
EXIST.
SPRINKLER
RISER ______
0 3RD FLOOR
1-0'
BALCONYBALCONY
No.
Revision
Date
M.E.P. Consult=
Structural Consult=
North Arrow
320 EAST 82ND
STREET
2015-11-18
a)
D.O.B SET
THIRD FLOOR PLAN
Sheet Number
A-103.00
0
4 of 8
HOUSE OVERSIGHT 022423
JEFFREY
COLE
ARCHITECTS
298 EAST 3RD STREET
GROUND FLOOR
NEW YORK NY 10009
PHONE:
FAX:
72 - 2'
\
0   0
— 1-   — -
J   1
CW.1.C.    I I
TYPE A   I
o    BATHROOM   I
C
00   BEDROOM 3
1 2'-4' X 12-0'
KITCHENETTE    0   0   1-1
0   0
1 1
-ii
LINEN
—   CLOSET
LIVING ROOV
25-4 1/2' X 1 6'-4'   DINING ROOM    FRZR.   REF.
______________ GT=
ART WALL   1 HALLWAY
BEDROOM 2
1 2'-4' X 12-0'
______51   _L -----   BATHRO
CLOSET   WC
W/D   \\\\___________\\\\\\\   \\\\\\\\   \
..---
ENTRY FOYER    0   /7 b
W/D   / &-,   0
/
UP
/
--------------m
/   W.I.C.
REC.
1 DN   12 RISERS
g   @ 7'
"'\..\
0
BEDROOM 4   MASTER BEDROOM
•   MASTER   1 3'-9'' X 16-0'
13'-9'' X 12'-1''
BATHROOM
7 RISERS
DRESSING   @ 7'
AREA   POWDER   UP
BATHROOV 4   ROOM
o
MECHANICAL
1
CLOSET    pe   0   7   ROOM
\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\   \ • I   A
, IIt-f_____
EXIST.
SPRINKLER
RISER ______
4TH FLOOR
1/4' = 1-01
BALCONY
No.
Revision
Date
M.E.P. Consult=
Structural Consult=
North Arrow
320 EAST 82ND
STREET
2015-11-18
a)
D.O.B SET
FOURTH FLOOR PLAN
Sheet Number
A-104.00
0
5 of 8
HOUSE OVERSIGHT 022424
JEFFREY
COLE
ARCHITECTS
298 EAST 3RD STREET
GROUND FLOOR
NEWYORK NY 10009
PHONE:
FAX:
'
,
_____ ,„„,   — ___   _
F 7
J   1 1   e   e   40
'
C   1   I I   • 1°
TYPE   W.I.C.
BATHROOM   I
11   C   K
0 0   BEDROOM 3   :Pr
11   KITCHENETTE   12-4' X ily-cr
0 0   ri
0 0   n   or
11   R II 1 \   °
LINEN   .:....o...
LIVING ROOM    —I   CLOSET
DINING ROOM   A
25-4 1/2' X 16-4'   1a-8" X 9'-6'   FRZR.   REF.
CYT—
i
ART   WALL   —   4.f,
HALLWAY   I— FUTURE 1 2 RISERS UP   —0).-   ,
I
BEDROOM 2
12'4' X 10'-01
_   DT -----   BATHRO
1
CABINET   CLOSET   1 W.I.C.
o<   Et I
ENTRY FOYER
0   0
/   \
/   I   BALCONY
3034><10
1
REF.   DN   --\   I
-'\______
REC.
13 RISERS   \ \ o
-\\
BEDROOM 4    @ 8 1/2'   \\   MASTER BEDROOM
-\    MASTER''
13'-91 X 12-1   10 RISERS   1 a-s, x 14-cr
@ 7'   \   BEDROOM
DRESSING   ..
AREA   POWDER   \   UP
BATHROOM 4
ROOM    \\C___________
________L
LIIMECHANICAL
CLOSET    ROOM___________________________

EXIST.
SPRINKLER
RISER ______
5TH FLOOR
1/4' = 1'-o"
No.
Revision
Date
M.E.P. Consult=
Structural Consult=
North Arrow
320 EAST 82ND
STREET
2015-11-18
a)
D.O.B SET
FIFTH FLOOR PLAN
Sheet Number
A-105.00
0
6 of 8
HOUSE OVERSIGHT 022425
JEFFREY
COLE
ARCHITECTS
298 EAST 3RD STREET
GROUND FLOOR
NEWYORK NY 10009
PHONE:PHONE:
FAX:
62 - 2'
/ /
I— — 7
1 1   °   __., ° .__.,   0
C
/
/ i \ / i \ \    •>,
WO-BURNING ODFIREPLACE   C   TYPE A
11   BEDROOM 2
KITCHENETTE   0 0   BATHROOM
11   0 0   10'-6' X 14-2'
Fr   00   :0 n
11
,
e
LIVING ROOM   DINING ROOM
25-2 1/2' X 15-5 1/2'   12-10'' X 9'-6'   FRZR.   REF.
0   CLOSET
iT
TERRACE   — •
UP   —I.-
MASTER
1 9   BATHROOM
W/D   I I W.I.C.  I
ENTRY FOYER

0   I I   o
W/D
\\   \\
e°
'-=11><1   o   111
UP
.1...6
REF.   3 RISERS @ 7'
REC.
e n "8
DN
—
7_   7 RISERS
@ 7
0
BEDROOM 3
1-71M4.---•-•.zr
11'-9" X 1Z-2 3/4'   8 RISERS   12-10. X 15'-01
o 8 °
@ 8 1/2
1 1 1 1
POWDER
DRESSING AREA    ROOM    1 1 1 1 1 1 1 1   W.I.C.
,
BATHROOM 3
_
0 I.
MECHANICAL   I
CLOSET   ROOM
0 6TH FLOOR
. = 1-0'
No.
Revision
Date
M.E.P. Consult=
Structural Consult=
North Arrow
320 EAST 82ND
STREET
2015-00-00
a)
D.O.B SET
SIXTH FLOOR PLAN
Sheet Number
A-106.00
0
7 of 8
HOUSE OVERSIGHT 022426
JEFFREY
COLE
ARCHITECTS
258 EAST 3RD STREET
GROUND FLOOR
NEW YORK NY 10009
PHONE: 212-375-8551 —
FAX: 212-375-8554
DN
6TH FLOOR
TERRACE BELOW -)
FELEVATOR BULKHEAD
DN
0 ROOF
1/4" = r-cr
No.
Revision
Date
M.E.P. Consult=
Structural Consult=
North Arrow
320 EAST 82ND
STREET
2015-00-00
a)
D.O.B.
ROOF PLAN
Sheet Number
A-107.00
0
8 of 8
HOUSE OVERSIGHT 022427
HOUSE OVERSIGHT 022428
HOUSE OVERSIGHT_022429
-
HOUSE OVERSIGHT 022430
iarr""
HOUSE OVERSIGHT_022431
HOUSE OVERSIGHT 022432
HOUSE OVERSIGHT 022433
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REAL ESTATE
The Upper East Side's last
affordable pocket goes luxe
By Hallo R. Alberts
September 9, 2015 I 7:56pm
Take in views of Yorkville (and beyond) from a posh 20 East End Ave. terrace.
Photo: Hayes Davidson
It's a tale (practically) as old as time. When New York City real estate thrives, home
builders and buyers seek to colonize neighborhoods previously deemed undesirable.
The Financial District was once the exclusive domain of nine-to-fivers; these days,
every other office building is a condominium. Along the Hudson River, midtown
Manhattan used to be an industrial no-man's-land of warehouses and strip clubs.
No more — residential projects abound. And now the Upper East Side neighborhood
dubbed Yorkville, which stretches from about 72nd to 96th streets east of Third
Avenue, is ready for its turn.
206-208 East 35th Street
New York, NY 10016
TRENDING NOW ON
NYPOST.COM
View Details
54927
11...
ABC's David Muir nicknamedC
'Anchor Monster'
HOUSE OVERSIGHT 022434
22055
YORKVILLE
4-94,
$94 SOFII
0
9
-4 se la e' 0
Manhattan
0,
0
1.
7-
3.
4.
5
7.
‘P 0
302 E. 96th St
The Kent
Carnegie Park
205 E 92nd St.
Citizen 360
180 E tti St
Exte II's Gristedes stle
I East
River
8. 5541.82nd SL
9. 225E81st St
10. Icon Reattys
Second Ave. site
11. 20 East End Ave.
12. The Charles
U. The Rose Modern late 2016, public transportation is limited as you
Area al
detail
The area, defined by its dearth of all-glass towers and
plethora of tree-lined streets, has long been a favorite
for blue-bloods looking to live near prep schools and
the FDR Drive — for weekend getaways out East, of
course.
But as both land and condo prices hit record highs, it's
QueensI attracting a fresh wave of interest. More than a dozen
new buildings are on the way, and with them a crop of
buyers who see Yorkville as a place where apartments
are a relative bargain.
Yes, until the Second Avenue subway comes online in
approach the East River. But the Q extension's
imminent completion — coupled with a new Whole Foods and easy access to parks,
museums, hospitals and other family-friendly perks — all mean people want in on a
neighborhood in the throes of a transformation from nice 'n' quiet to construction-
induced, decibel-busting busy.
Extell Development sure wants a piece of the action, shelling out $100 million for a
Gristede's grocery store on 86th Street near First Avenue. (The property giant already
owns at least four tenement buildings in the vicinity, and reports say it's cobbled
together enough land to build something big.) Extell has also filed plans for two
smaller projects on 92nd Street and Second Avenue, plus, it's already begun the
foundation of a 30-story building at the corner of 95th and Third Avenue, just a block
south of the boundary with East Harlem. Called The Kent, sales of 83 luxe two- to five-
bedroom residences in a handsome brick structure will hit the market in the fourth
quarter. Talk about flooding the zone!
A biker tackles Carl Schurz Park's scenic promenade alongthe East River.
Photo: NY Post Brian Zak
Note that The Kent, set for completion in the fall of 2017, is replacing a row of walk-up
tenements that used to dominate their block. Similarly, Icon Realty spent less than $50
million for a comparable row on Second Avenue in the 80s, which it is demolishing
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HOUSE OVERSIGHT 022435
with the goal of putting up a chic high-rise on the site. It's markedly cheaper than
Extell's deal, in part because Icon started assembling properties in 2007. (Icon is
working on a second high-rise as well as a shorter rental building in the same neck of
the woods.)
Just look to other data and the same trend emerges. In 2010, Yorkville's median sale
price was $663,500, according to real estate listings site StreetEasy. Compare that to
the first seven months of this year — it's 14 percent higher, at $757,500. But remember,
the sub-market remains cheaper relative to the Upper East Side at large, which boasts
a year-to-date median of $1.15 million.
Get your fill of brats and glass boots of Warsteiner at Heidelberg.
Photo: Stefano Giovannini
Despite the building boom, some low-rises remain, housing institutions, such as
German butcher Schaller & Weber and beer garden Heidelberg, that are vestiges of
centuries past when Yorkville was an immigrant enclave.
Schaller &Weber owner Ralph Schaller happily holding his weisswurt.
Photo: Anne Wermiel/NY Post
Let's hope they can hang on: Even more small buildings were razed to make way for
star architecture firm SHoP (of Barclays Center fame) to design a tower of 83 condos
with Anbau Enterprises at the corner of 89th Street and First Avenue. The building,
dubbed Citizen360 because its height will afford many residents an all-around view of
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HOUSE OVERSIGHT 022436
the neighborhood, will have 6,000 square feet of amenity space that ranges from music
rehearsal and art rooms to a gym and children's play area. Apartments go on sale this
fall, with pricing in the $1.3 million to over-$12 million ballpark.
The latest rendering for skyscraping
Citizen360.
Photo: SHoP Architects
"The site was highly undervalued because it was so far
east, and there were no good transportation links, and
people just weren't interested or willing to go there.
But we saw opportunity," says Barbara van Beuren,
Anbau's managing director. "I think the absolute prices
are manageable. This is not a building full of $10
million apartments." Still, it points to a future far more
expensive than the current data shows.
Just one block from 113-year-old Jewish bakery
Glaser's, which churns out delicious black-and-white
cookies, Citizen360's shimmery facade will rise 410 feet
above street level. But trumping them all will be DDG's
under-construction goliath on 180 E. 88th St. At 521
feet, it will be the tallest structure on the Upper East
Side north of 72nd Street. Its 48 apartments with 16-
foot ceilings and custom lobby artwork launch sales this
fall, with two-beds starting from $3.4 million, three-
beds from $4.5 million and four-beds from $7 million.
It's not all about living among the clouds, though.
Michael D'Alessio, president of Michael Paul
Enterprises, oversaw the overhaul of two smallish
rental buildings east of Third Avenue into boutique luxury projects. "They were prime
locations for condominiums catering to families," says D'Alessio of the projects, 225 E.
81st St. (a.k.a The Justin) and 554 E. 82nd St., which have nine apartments between
them. "They are three or four bedroom units, with big living and dining areas with
fireplaces, and they all have outdoor space." Six have been snatched up, with asks
ranging from $2.25 million for a two-bedroom to $5.99 million for a four-bedroom.
A fireplace-sporting unit inside 554 East 82nd St.
Photo: Michael Paul Enterprises
Meanwhile, another rental-to-condo conversion — Carnegie Park — attracted first-
time buyer Elizabeth Dean, who realized Yorkville offered more bang for her buck after
house-hunting in lower Manhattan.
"Originally, I wasn't going to go north of 86th Street. I didn't know what was above
there," says Dean, 29, who works in finance, paid $1,184 per square foot for her one-
HOUSE OVERSIGHT 022437
bedroom and loves the restaurants, bars and grocery stores that dot the area
First-time homebuyer Elizabeth Dean in a model
unit at Carnegie Park. She moves into her own
one-bedroom soon.
Photo: Brian Zak
In July, StreetEasy reports Yorkville's median
price per square foot was $1,098, up 5.1
percent from the year prior and a whopping
29.8 percent from the month prior. The Upper
East Side as a whole, of course, boasts a
higher median: $1,694 per square foot in July.
"It'll actually be a great investment," Dean
says. "Downtown is extremely pricey, and I
think there's a lot more upside to the Upper
East Side."
Part of Carnegie Park's makeover includes a
slate of plush amenities designed by classicist
Robert A.M. Stern, the architect behind
famously ritzy buildings like 15 Central Park West. (The pool, the roof deck and the in-
house "mini-Equinox" gym lured Dean.) Available apartments range from a $955,000
one-bedroom to a $7.15 million penthouse.
You'll be able to drive up to 20 East End in style via its porte-cochere and motor court. (The latter is depicted in
the rendering.)
Photo: Hayes Davidson
Stern is also working on a ground-up project at 20 East End Avenue that could pass as
a setback-laden prewar, with old-school details like a porte-cochere, which allows
residents to enter in a vehicle via an archway from the street and drive right up to the
lobby door in a circular motor court. One of these hasn't been a part of any newly
constructed building since the 1930s! About half of its 43 condos, spread across 18
stories, are in contract from $4.49 million to $14.25 million.
Still, three-fourths of New York City residents are renters, and the Upper East Side's
new crop of construction has something for them, too. Related has topped out on a 36-
story tower at 205 E. 92nd St., where a playground used to sit. The uber-fancy
development will have a massive two-story Equinox gym and a private school for kids
with language-based learning disabilities on its lower floors.
HOUSE OVERSIGHT 022438
The under-construction rental at 205 E. 92nd St.
Photo: Brian Zak
The apartments above, set for completion and leasing in the spring of 2016, will have
layouts that skew in favor of three- and four-bedrooms. "There will be thermostats
programmable remotely on all the A/C units, and motorized shades in some of the
units," says Bryan Cho, executive vice president at Related Companies. "From the
marble bathrooms to the highly designed public spaces and the amenities, it's what's
usually in condominiums."
On the rental market sooner is The Rose Modern, a 20-story, 82-unit tower currently
finishing up construction on York Avenue. The leasing office will open the first week of
October offering "competitive" rents for a luxury building, according to Bond New
York's Douglas Wagner, with move-ins slated for November and December.
An art-infused kitchen inside a condo at The Charles.
Photo: Evan Joseph Images
Want to buy now, and move in immediately? The building most ahead of the curve is
The Charles. Previously stalled after 2008's downturn, the 32-story condo at 1355 First
Ave. got redesigned to emphasize large full-floor apartments before breaking ground
in 2012. And it's paid off. There are four units left out of 27 total, which started at
$5.97 million. A recent sale of the top six floors to two unidentified relatives for a total
of $59 million made headlines. That price? On First Avenue?
HOUSE OVERSIGHT 022439
First look! Once a three-story
garage, 302 E. 96th St. will become
a 21-story luxury condo.
Photo: Handout
"The preconceived idea of what was considered prime and where you would build
luxury has completely changed," says Jason Karadus of Town, who is director of sales
for the Charles along with Ginger Brokaw. "A lot of people in the industry smirked at
the pricing — about $2,500 per square foot ... Now it's not so risky, which is why you're
seeing companies like Extell building up what's left to be developed up there."
Every developable parcel seems to be getting snatched
up. Just take a three-story garage on 302 East 96th
Street, which developer Wonder Works bought in March
for $24 million. On the northernmost border with
Harlem, the developer plans to put up a 21-story, 48-
unit "affordable luxury" condo building — basically
right on the approach to the FDR. (Don't worry, the
facade will have extra soundproofing.)
"The Second Avenue subway station for 96th street,
which will be one of the first ones opened, is just 200
feet away," says Eric Brody, Wonder Works' managing
partner, who adds that brokers are recommending
asking prices of $1,500 to $2,300 per square foot when
units go on sale next year. "The buyer is anyone who
can't afford to be in all these downtown neighborhoods,
but still wants to live in the city and have incredibly
close access to a train."
Public transit of the future is why Andrew Ellis bought
a fixer-upper on 95th Street and Second Avenue in
2013. The 31-year-old consultant paid a mere $430 per
square foot for a one-bedroom garden-level duplex.
Then came a massive year-long renovation that updated the windows and kitchen
appliances. He also completely redid the backyard, adding a rear deck and koi pond. In
Yorkville, Ellis discovered a "neighborhood feel" that was a far cry from the raucous
scrum of Murray Hill, where he had been renting.
"I had sort of grown out of that," says Ellis, who is no longer alone in his move uptown.
"My high school friends and some college friends are migrating to the Upper East Side.
One is two doors down, literally, and two others are a few blocks away. Having that
subway there eventually is really what did it for me. This place can only go up."
Andrew Ellis stands in his Yorkville backyard, which he completely redid, adding a deck (so that the outdoor
space was accessible from the upstairs living room of the duplex) and a koi pond.
Photo: Brian Zak
HOUSE OVERSIGHT 022440
anbau
DESCRIPTION
360 East 89th Street
New York, NY
360 East 89th Street Is a new constructIon luxury
condomlnIum bulldIng located In Manhattans
Upper East SIde between Carl Schurz Park on the
East RIver and the new Second Avenue subway
The bulldIng mil offer a full range of resIdence
types all wIth floor to celllng wInclows Innovative
kItchens and hIgh celllngs Over 7500 SF of
amenty space mil be available for the resIdents
use and an on-slte fully automated parkIng
facIllty Is also planned
COMPLETION DATE
2017
SIZE
209 000 SF 34 stones
UNIT MIX
83 one two three four bedroom and penthouse
unIts
AMENITIES
24 hour doorman gym and fitness stud°
chIldrens playroom catenng kItchen tenant and
lake storage common laundry &automated
parkIng facIllty
TEAM
Archltect
SHoP Archltects
Intenor DesIgner Clodagh De&gn
Englneers
CosentInl Associates
Thornton Tomasettl
MarketIng &Sales The Corcoran Group
CreatIve Agency IF Stud°
Contractor Ryder ConstructIon Inc
HOUSE OVERSIGHT 022441
seandessay with a muitiserseratkinal corn-
Big Ticket 1355 First Avenue
tor the env
I
Four Floors, One Apartment ima.
A three-apartment penthouse
ounblnatiun. spanning the top
Into floors of the Charles condo-
minium at 1355 First Avenue, at,,
for 537.94 million and was the
most expensive closed sake of the
tielfek. according to city mounts_
Wrr:
$37,940,000
The price is the highest ever
paid for a home on the Upper East
Side east at riled Avenue. accord-
ing to CityReolty. which tracks cn-
op and condo Wes.
The common charges for PHI,
an 11.744-utuare-foot quadniplot
with 1,3(M) square feet at private
terraces on two levels and views
that extend north, south and from
nver to river. are $10,547 a month.
Taxes are $4,048 a month, abated
through 20211
The buyer, who was shielded
under a limited liability company,
CRE Acquisition L created
the Sprawhng unit by combining
the original duplex penthouse.
priced at $16.5 million, with the
two contiguous floors beneath,
tine priced at 110.iii million and
!he other at SIO 63 million
The three
aParunents.o Boors
71 to 3.7., comprise admen bed-
rooms and 1•2 and a Wolf both-
.0041i
1356 First Avrnue
mums But &warthog to a publi-
cist for the Charles, the buyer.
who is Ameriam, ts cresting a
custom confIgunition with 13-fool
ceilings and a pnvate elevator.
-It's like having a taWribOuSe,
but with views and the services of
an ultraluxury condominium."
said R. Ramie 1Canitar, the thief
execuuve of Bluerodt Reel Estate,
which is developing the prcaect
with the Victor Group.
The buyers were represented
by Beth Benalloul of the CANC011111
Group, who declined to comment.
The Charles. a 27-unit gist:n-
and-limestone condominium de-
signed by Ismael LaNyva, is on
Flrst Avenue between 72nd and
73rd streets, a neighborhood wins
more tenetnent-style walk-ups
and postwar high-flies than ritzy
townhouses and luxury condos.
'There was always a tine of de-
lineation: said Ginger Brokaw.
associate broker with Town New
Development. who is hanthina
alma at the Chutes with Jason
Reredos, also of Town. West of
Third Was cateidered better than
anything oast of Third_" But now,
with the Second Avenue subway
underway. she said. there has
been -a shift in luxury commer-
cial and residential real estate to-
ward the Eaat River."
Units at the Charles have eat-kr
kitchens with Miele and Sub-Zert
appliances, soundproofing comp
nents tike under-fkior padding.
and master bedroom suites with
dressing areas, walk. In closets
and marble soaking tubs. Intenc
hnishes, designed by David Col-
lins Studio, include whtte oak an
marble Room
Building amenities =hide a
children's lounge, private st oral
a fitness center, a game room at
24-hour doormen and conaergc
Five full-floor four-bedroom5as
still for sale frotn $6.58mllbon t,
59.fis million
Big Ticket includes closed sa
from the previous week, et1
Wednesday.
HOUSE OVERSIGHT 022442
Topics

property management real estate development
People Mentioned

David Mitchell
Greg Williamson
Jamie Mitchell