As November and indeed 2022 begin to wind down, closings have commenced at 547 West 47th Street, the 219-unit condo development that utterly transformed its corner of Eleventh Avenue. A representative for the building notes that a significant amount of interest has come from people who had previously rented in Hell's Kitchen before taking the plunge to buy in the area.
Remaining availabilities in the building start at $765K for studios, $995K for one-bedrooms, and $1.495 million for two-bedrooms. At an average price of $1,897 per square foot, the building comes in slightly below the Midtown West average of $2,079 per square foot (as per CityRealty data).
Remaining availabilities in the building start at $765K for studios, $995K for one-bedrooms, and $1.495 million for two-bedrooms. At an average price of $1,897 per square foot, the building comes in slightly below the Midtown West average of $2,079 per square foot (as per CityRealty data).
547 West 47th Street is Dutch architect Concrete Architectural Associates' first New York City residential project. Designed in partnership with local firm Greenberg Farrow, floors one through seven were designed to reflect the neighborhood’s industrial past with a brooding brick skin and industrial-sash windows. On the upper levels, a glass facade offers an airier atmosphere and glass-enclosed volumes reminiscent of 56 Leonard. The eastern side of the building displays a new mural by Tony “Rubin” Sjöman, who has also done murals for recent builds like The Centrale, The Nordic, and 21 West End Avenue.
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“Just walking or driving past the building, people are drawn to its commanding facade that blends old and new in an eye-catching way” – James Lansill, Senior Managing Director, Corcoran Sunshine Marketing Group
The surrounding area was rezoned in 2011 to allow the construction of medium-density apartment buildings, and opportunistic developers have since debuted rentals such as Oskar and Gotham West. 547 West 47th Street, developed in a partnership between CB Developers, SK Development, and Ironstate Development, was one of the first sales buildings to rise on this stretch of Eleventh Avenue, which has become colloquially known as Automobile Row. The 12-story project replaces a Lexus car dealership that was acquired in 2017 for $93 million, and a 40,000-square-foot Cadillac dealership will open at the base of the building
Despite the incoming auto showroom, the building has no parking garage, though many buildings nearby have commercial garages. Like many neighborhoods of the city, the area is poised for a public space renaissance as several outdoor dining setups have opened nearby and a new protected bike lane has been installed on the avenue. It is also close to Hudson River Park, the Intrepid Museum, and the new parks and restaurants of Waterline Square.
“We’re offering luxury residences that are truly meant to be lived in, amenities that bring all the most desirable spaces under one roof, and a prime location in one of Manhattan’s most dynamic and vibrant neighborhoods” – Scott Shnay, Principal, CBSK Ironstate
Many units come with private outdoor space, and all interiors feature:
- High ceilings
- Natural oak floors
- Motorized roller shades at oversized windows
- Kitchens with marble countertops and backsplash, a generous amount of custom cabinetry, and appliances by Miele and Bosch
- Baths with grey terrazzo flooring, ceramic wall tiles, honed marble countertops on custom vanities, and pocket doors separating the showers from the vanities
- In-unit washer/dryer
- Private storage included
A robust, resort-inspired 30,000-square-foot amenity package, boasts:
- Double-height, fully staffed lobby lounge
- Indoor/outdoor fitness studio by The Wright Fit
- Glasshouse library lounge with fireplace
- Pet spa managed by Throw Me a Bone
- Private dining room and catering kitchen
- Rentable suites for guests
- Roof deck with outdoor pool, sun deck, grilling stations, and dog run
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