Revealed: Prices, floor plans for all Sony Building condos

Along with $150M triplex, $75M and $60M pads are in the cards

New York /
Feb.February 19, 2015 10:00 AM

If a $150 million penthouse is a tad out of your budget, fret not: the Chetrit Group’s forthcoming 550 Madison Avenue condominium has tons of options for the budget-conscious billionaire.

Overall, the average asking price for the 96 residences at the former Sony headquarters is $4,791 per square foot, with a total sellout of $1.8 billion, according to an offering plan filed with the New York Attorney General and reviewed by The Real Deal. In comparison, Harry Macklowe’s 432 Park asked $6,894 per square foot on average, Extell Development’s One57 asked $6,888 per square foot, and Related Cos. and HFZ Capital Group’s One Madison asked $5,061 (Prices are as of TRD‘s most recent ranking in Feb. 2014)

UnitBeds/Baths/Half bathsSize (Square Feet)Asking pricePrice per square foot
13A3/3/13,100$11,000,000$3,548.39
14A3/3/13,072$11,750,000$3,824.87
15A3/3/13,144$12,050,000$3,832.70
16A3/3/13,072$12,150,000$3,955.08
17A3/3/13,144$12,450,000$3,959.92
18A3/3/13,072$12,550,000$4,085.29
19A3/3/13,144$12,850,000$4,087.15
20A2/2/13,156$12,950,000$4,103.30
21A3/3/13,144$13,250,000$4,214.38
22A3/3/13,072$13,350,000$4,345.70
23A5/5/15,092$22,450,000$4,408.88
24A5/5/15,029$22,950,000$4,563.53
25A5/5/15,092$23,450,000$4,605.26
26A5/5/15,029$23,950,000$4,762.38
27A5/5/15,092$24,450,000$4,801.65
28A5/6/004,993$24,950,000$4,997.00
29A4/4/14,185$22,600,000$5,400.24
30A4/4/14,119$23,100,000$5,608.16
31A4/4/14,185$23,600,000$5,639.19
32A5/6/38,278$51,500,000$6,221.31
33A8/7/411,059$75,000,000$6,781.81
13B2/3/03,235$11,500,000$3,554.87
14B2/3/03,334$12,550,000$3,764.25
15B2/3/03,334$12,700,000$3,809.24
16B2/3/03,334$12,850,000$3,854.23
17B2/3/03,334$13,000,000$3,899.22
18B2/3/03,334$13,150,000$3,944.21
19B2/2/13,334$13,300,000$3,989.20
20B2/3/03,318$13,450,000$4,053.65
21B2/3/03,334$13,600,000$4,079.18
22B2/3/03,334$13,750,000$4,124.17
23B4/4/15,365$23,825,000$4,440.82
24B4/4/15,365$24,175,000$4,506.06
25B4/4/15,365$24,525,000$4,571.30
26B4/4/05,365$24,875,000$4,636.53
27B4/4/15,365$25,225,000$4,701.77
28B4/4/15,381$26,650,000$4,952.61
29B5/7/17,342$41,500,000$5,652.41
30B5/6/17,342$42,000,000$5,720.51
31B5/7/17,342$42,500,000$5,788.61
32B5/6/48,780$51,000,000$5,808.66
34B5/6/49,178$60,000,000$6,537.37
13C4/4/44,138$14,850,000$3,588.69
14C4/4/04,726$18,000,000$3,808.72
15C4/4/14,641$18,000,000$3,878.47
16C4/4/14,726$18,500,000$3,914.52
17C4/4/14,641$18,500,000$3,986.21
18C4/4/14,726$19,000,000$4,020.31
19C4/4/14,641$19,000,000$4,093.95
20C4/4/14,623$19,500,000$4,218.04
21C4/4/14,641$19,500,000$4,201.68
22C4/4/14,726$20,000,000$4,231.91
23C2/2/13,505$14,750,000$4,208.27
24C2/2/13,515$14,900,000$4.238.98
25C2/2/13,505$15,050,000$4,293.87
26C2/2/13,515$15,200,000$4,324.32
27C2/2/13,505$15,350,000$4,379.46
28C2/2/13,371$15,000,000$4,449.72
29C4/6/15,827$31,300,000$5,371.55
30C4/6/15,827$31,800,000$5,457.35
31C4/6/15,827$32,300,000$5,543.16
33C8/8/1021,504$150,000,000$6,975.45
13D0/1/0535$2,125,000$3,971.96
14D3/3/12,648$9,850,000$3,719.79
15D3/3/12,665$10,150,000$3,808.63
16D3/3/12,648$10,250,000$3,870.85
17D3/3/12,665$10,450,000$3,921.20
18D3/3/12,648$10,550,000$3,984.14
19D3/3/12,665$10,750,000$4,033.77
20D2/2/12,694$10,950,000$4,064.59
21D3/3/12,665$11,150,000$4,183.86
22D3/3/12,648$11,250,000$4,248.49
23D3/3/13,263$13,750,000$4,213.91
24D3/3/13,265$14,050,000$4,303.22
25D3/3/13,263$14,350,000$4,397.79
26D3/3/13,265$14,650,000$4,486.98
27D3/3/13,263$14,950,000$4,581.67
28D2/2/13,416$15,750,000$4,610.66
35D8/7/28,550$57,500,000$6,725.15
13E0/1/0478$1,900,000$3,974.90
14E3/3/13,421$13,000,000$3,800.06
15E3/3/13,421$13,150,000$3,843.91
16E3/3/13,421$13,350,000$3,902.37
17E3/3/13,421$13,500,000$3,946.21
18E3/3/13,421$13,700,000$4,004.68
19E3/3/13,421$13,850,000$4,048.52
20E2/2/13,435$14,050,000$4,090.25
21E3/3/13,421$14,200,000$4,150.83
22E3/3/13,421$14,400,000$4,209.30
13F0/1/0565$2,250,000$3,982.30
13G0/1/0600$2,400,000$4,000
13H0/1/0506$1,995,000$3,942.69
13I0/1/0557$2,200,000$3,949.73
13J0/1/0493$1,945,000$3,945.23
13K*3/2/001,2344936000$4000.00
13L0/1/0485$1,890,000$3,896.91
TOTAL Residential393,3051,884,166,000$4,790.60

At 550 Madison, prices start at $11 million, or $3,550 per square foot, for a three-bedroom condo that measures 3,100 square feet. Four-bedrooms range from $14.85 million for a 4,138-square-foot pad to $32.3 million for a 5,827-square-foot duplex unit.

In 2013, Chetrit, David Bistricer’s Clipper Equity and other investors paid $1.1 billion for the property, which is located between 55th and 56th streets. Along with the condo portion of the building, the 37-story tower will have just over 240,000 square feet of commercial space, 25,787 square feet of retail space and a 10,600-square-foot museum space, according to the offering plan.

And while the 21,504-square-foot, $150 million penthouse will be — for the moment at least — the city’s priciest listing, 550 Madison will also have a 11,059-square-foot condo asking $75 million. Unit 33A will have eight bedrooms, seven bathrooms, four half-baths, a living room, dining room, kitchen, library/bar and media room.

Unit 34B, measuring 9,178 square feet, will be the building’s third-priciest unit at $60 million. It will have five bedrooms, six bathrooms and four half-baths.

Like other super-luxury projects – including Zeckendorf Development’s 15 Central Park West – 550 Madison will have seven studio apartments, which start at a more terrestrial $1.9 million for a 478-square-foot unit.

The catch? They’re only available to buyers who purchase another unit in the building.


Related Articles

arrow_forward_ios
Revamped design for 550 Madison receives Landmarks’ approval
Revamped design for 550 Madison receives Landmarks’ approval
Revamped design for 550 Madison receives Landmarks’ approval
315 West 35th Street with Isaac Chetrit and DJ Dashti (Google Maps, Linkedin, iStock)
Chetrit to open flex-office location near Penn Station
Chetrit to open flex-office location near Penn Station
261 Madison Avenue and 205 East 42nd Street are among the closed locations. (Sapir, Durst, WeWork)
WeWork dumps several Manhattan locations
WeWork dumps several Manhattan locations
From left:  Joseph Chetrit, 404 Fifth Avenue and WeWork CEO Sandeep Mathrani (Photos via Wikipedia Commons; Google Maps)
WeWork battles Chetrit Group over Midtown lease
WeWork battles Chetrit Group over Midtown lease
Joseph Chetrit and 49 Chambers (Getty, 49 Chambers)
Chetrit lands $90M inventory loans for Tribeca condo conversion
Chetrit lands $90M inventory loans for Tribeca condo conversion
Sharif El-Gamal, Joseph Chetrit and 1384 Broadway (Getty; Google Maps)
Chetrit Group sues Sharif El-Gamal for unpaid rent
Chetrit Group sues Sharif El-Gamal for unpaid rent
2870 Ocean Avenue and Isaac Chetrit, and 936 Home Street (Google Maps) 
Chetrit family’s dev site buy tops weekly mid-market sales
Chetrit family’s dev site buy tops weekly mid-market sales
Chetrit Group principal Michael Chetrit and 850 Third Avenue (850thirdavenue, iStock, Discovery Channel)
Chetrit battles Discovery Channel at 850 3rd Avenue
Chetrit battles Discovery Channel at 850 3rd Avenue
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...