The Real Deal New York

Developer lists two Walker Tower pads as one — and asks $44M

Combined, units offer 6,975 square feet inside, 980 square feet of outdoor space
December 03, 2014 11:00AM

Elliott Joseph, a principal at Walker Tower co-developer Property Markets Group, is asking a combined $44.5 million for a pair of apartments at the Chelsea condominium building.

The 18th-floor apartments at the condo conversion hit the market earlier this year, respectively, for $34 million and $10.5 million. Joseph told the Wall Street Journal he waited for a 6,500-square-foot penthouse to sell, for $40.7 million, before re-listing the apartments.

“I didn’t want to be in competition” with that apartment, Joseph told the newspaper.

Together, the units offer 6,975 square feet inside and 980 square feet of outdoor space from three terraces. They collectively have six bedrooms, two kitchens, six bathrooms and two powder rooms.

Douglas Elliman’s Michael Graves, who has the listing, said the units have a better per-square-foot value than the penthouse by itself. [WSJ]Mark Maurer

  • Oouch

    . . . & to qualify for an FCO as a single unit; 1. the tax lot needs to be amended. 2. one kitchen needs to be eliminated, converted into another bathroom and bedroom. Those are the requirements of the DOB codes. Combining the tax lot requires a modification to the building TCO application as well since condos are filed as individual properties and they have to have specific entrance and exit filings in compliance with fire regulations.

    • Brian Hughes

      Yes, you cant just say it and make it so! They act as if there is nothing that has to be done for this to take place.