The Real Deal New York

New Condos: Midtown
Baccarat Hotel & Residences

July 10, 2014 12:00PM

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20 West 53rd Street 3

The 50-story Baccarat Hotel & Residences made headlines in April when two units were reportedly sold, sight-unseen, by a Douglas Elliman broker who was approached on the Chinese social networking site WeChat. Sales at the Skidmore, Owings & Merrill-designed building, located at 20 West 53rd Street, began in March 2013. As of early July, StreetEasy showed 35 of its 61 condos in contract and 13 still on the market. Asking prices for the available apartments range from $5.15 million for a 1,167-square-foot one-bedroom to $60 million for a 7,381-square-foot four-bedroom. Interiors, designed by Tony Ingrao, feature a Baccarat chandelier, floor-to-ceiling windows, SieMatic kitchens and custom bronze work. The building, developed by Starwood Capital Group and Tribeca Associates, also has 114 hotel rooms. Amenities include a concierge, housekeeping, 24-hour in-residence dining, a gym, and an indoor pool. Contact www.baccaratresidencesny.com or 212-765-5300.

NAMEBaccarat Hotel & ResidencesPRICE RANGEFrom $5,150,000 to $60,000,000
ADDRESS20 West 53rd Street SIZE RANGEFrom 1,167 Sq Ft to 7,381 Sq Ft
TYPENew BuildingAVG PPSF$4,388
TOTAL UNITS61TAX ABATEMENTNo
DEVELOPERTribeca Associates, Starwood Capital GroupAVG COMMON CHARGE$2.25/sf
BROKERCorcoran SunshineFINISHED BYWinter/Spring 2014

Source: Streeteasy, BuzzBuzzHome, TRD, news reports. Data as of early July. List primarily includes Manhattan condo projects that have started sales since Jan. 1, 2010 that have units on market. Projects that started sales since Jan. 1, 2010 that subsequently sold out, have all units in contract or don’t currently have any listings on the market were excluded in most cases. “Price range,” “Size range,” “Avg PPSF (Price Per Square Foot)” and “Common Charge” refer to units currently for sale.
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