Welcome to Brick Underground’s luxury pick of the week, a feature spotlighting a condo, co-op, or townhouse for sale with an asking price of at least $4,300,000, the current entry threshold for luxury apartments in Manhattan. If you’re in the market for a high-end abode, you should know that while sales have slowed considerably over the past couple of years, that trend is starting to reverse as sellers come to grips with the new market reality and adjust their prices accordingly. It's good news for your wallet—just be aware that many luxe listings won’t linger on the market indefinitely. For more information, check out Brick Underground’s tips on buying a luxury apartment in NYC.
Industrial chic is the dominating aesthetic, at least for the exterior of 508 West 24th St., architect Cary Tamarkin’s factory-like building on the High Line. The entrance is almost deceptively anti-luxury with a concrete facade. Above are walls of casement windows and a clock high up, a whimsical touch, as if there are still workers in the neighborhood who need a timepiece to know when their lunch break is over.
Inside apartment #PHA, it’s a somewhat different story. This three-bedroom, three-and-a-half-bath penthouse is starkly modern, with round, concrete pillars. However the look is warmed up by oak floors, a wood-burning fireplace (which the de Blasio administration has since banned in new construction), and the light from all the expansive windows that run 46 feet overlooking the High Line.
The apartment is asking $10,750,000 and it has been on and off the market since May 2018, when it was first listed at $12,800,000—a significant reduction. The current asking price also reflects a 10.4 percent discount taken about seven weeks ago. Monthly taxes are $7,962. Common charges are $5,880.
On the top floor, this apartment features a private elevator landing. In addition to the High Line, it has views of the Hudson River, Empire State Building, and Chelsea neighborhood. It has over 3,310 square feet of interior space and almost 2,000 square feet of exterior space, thanks to two terraces.
The chef's kitchen has burnished bronze Nanz hardware, Calacatta Gold marble countertops and backsplash, and custom walnut cabinetry. Appliances include a Sub-Zero refrigerator, hooded Viking range, Viking convection microwave, Sub-Zero wine cooler and Miele dishwasher.
The master bedroom suite has corner windows, north and east exposures, and two walk-in closets with custom shelving and storage. One of the terraces is off the master bedroom.
Each of the three bedrooms has an en suite bath. A long windowed hallway separates the master bedroom.
The marble bathroom has a double vanity, soaking tub and separate stall shower.
Building amenities include a full-time doorman, gym, private storage, bike room, 1,300-square-foot courtyard, and conference room.
The address is close to everything Chelsea has to offer, including specialty vendors and high-end restaurants at Chelsea Market. The neighborhood is known for its art galleries; Gagosian and the Dia Art Foundation are nearby. Also close by is Avenues: The World School.
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