The Real Deal New York

Revealed: Pricing, floor plans for Silverstein’s 1 West End Ave.

$20M penthouse is priciest pad at UWS building, which also has a "poor door"

October 24, 2014 01:07PM
By E.B. Solomont

From left: Developer Larry Silverstein, a drawing of 1 West End Avenue and a rendering of 10 Freedom Place

From left: Developer Larry Silverstein, a drawing of 1 West End Avenue and a rendering of 10 Freedom Place

Silverstein Properties and the Elad Group’s 1 West End Avenue development has taken a lot of heat for its planned “poor door.” Now, the offering plan for the building’s market-rate condos offers a glimpse at how the other half will live.

The plan, which is not yet approved, includes a $20 million penthouse unit, Penthouse A, that will measure 5,873 square feet with a 764-square-foot terrace. Penthouse B will measure 4,046 square feet and will ask $12 million, according to the offering plan filed with the Attorney General’s office and reviewed by The Real Deal.

ph-1weaIn all, the building will have 247 condo units. Pricing starts at $1.25 million for a one-bedroom, one-bathroom unit. In addition to the penthouse units, the offering plan reveals Unit 29A will measure 5,377 square feet with a 3,714-square-foot terrace. It will ask $16.5 million. Sales are being handled by Corcoran Sunshine Marketing Group.

The 116 affordable units will be located on floors two through seven, and will have a separate door and lobby at 10 Freedom Place. In that part of the building, one-bedrooms will average 900 square feet and two-bedrooms will average 1,100 square feet, as was reported. Rents will be between $800 and $1,400 per month.  Despite the public flak over the entrance, the developers have promised a first-class experience for affordable tenants.

Also for sale? Ninety-three storage units, measuring 25 square feet each, that will be offered for $25,000 a pop.

Amenities include a media and billiards room, children’s room, virtual lounge, catering and craft kitchen, demo kitchen, dining room, salon and fitness center, swimming pool and locker rooms.

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