Atelier condo combo hits market for $85M

From left: Dan Neiditch, president of River 2 River Realty, and the Atelier building
From left: Dan Neiditch, president of River 2 River Realty, and the Atelier building

A block of nine apartments at the Atelier condominium tower in Hell’s Kitchen hit the market today with an asking price of $85 million. If combined as advertised, the units would become a 10,000-square-foot apartment spanning the entire 45th floor at 635 West 42nd Street.

The price includes a $2 million construction credit, according to Curbed, which first spotted the listing.

Combination listings at the 46-story building are relatively common, and many of the units currently for sale are different amalgamations of the same apartments. They could all be purchased for less than $85 million, Curbed noted.

In the past, River 2 River Realty president Dan Neiditch — who lives in the building and presides over the on-site sales office — has brokered deals with owners who weren’t necessarily looking to sell but fell into the right circumstances, as The Real Deal has reported.

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For example, this past June, Indian media titan Subhash Chandra began construction on a six-bedroom triplex fashioned out of three condos, including one belonging to Neiditch. Those units, which cost a total of $4.8 million, are on the 42nd, 43rd and 44th floors — or directly below the nine-unit offering.

In this instance, the nine condos appear to belong to different individuals and LLCs.

The Building Boasts A Tennis Court, golf driving range, pool, multimedia lounge and billiards room, gym, basketball courts, free wireless Internet, free daily breakfasts and a crosstown shuttle bus, according to the listing.

Meanwhile, construction is humming along at the Atelier II across the street. An earlier incarnation of the project called for a 57-story condo tower, although it is now planned as a rental. — Leigh Kamping-Carder