Top 10 Condo Investments: Future-Perfect Luxury

Posted on Mon, 12-22-2014

There are a lot of great properties with lasting value to be found throughout the city, whether owing that to their locations, amenity spaces, interior appointments, some other factor, or a combination of all three.  Here's a list of the city's Top 10 Best New Construction Condo Investment Buildings as determined by New Construction Manhattan.

 

  1. The Platinum

First off is 247 West 46th Street in Midtown condo, a 43-story condo that’s a short walk away from Times Square, Broadway, and Rockefeller Center. But more important than tourist sites are the world-class restaurants, grocers and cafes in the immediate area, guaranteeing that any tenants will think twice about leaving out of sheer convenience. Moreover, the building’s also seconds away from numerous commuter and public transit sites — putting the entire Metropolis at one’s hands.

Durability and reliability for this address’ units are assured by hardwood floors, Bosch and Thermadore appliances, high ceilings, and limestone walls and floorings in the baths.

 

2. The Sheffield 57

Also known as The Sheffield 57, 322 West 57th Street is 58-story residential tower just a few blocks away from Central Park, and features residences designed to accommodate both urban professionals and families, by supporting with amenities like two social lounges, a children’s playroom, private enclosed swimming pool with outdoor sundeck, fitness center with Yoga/Pilates studio, spa, and a private enclosed driveway.

This is a place in which tenants will really build the rest of their life, from early career to raising children into their teens. Since a family-oriented atmosphere is assured, community events will offer the opportunity to deepen tenants’ commitment to their living space by engaging the community.

 

3. 200 Chambers Street

200 Chambers Street in Tribeca, designed by architects Costas Kondylis & Partners and developed by Jack Resnick & Sons, is a tower whose true beauty lies, as the saying goes, on the inside. On the 6th floor’s Warren Street wing, you’ll find a children’s playroom and residents’ lounge with a glass-enclosed conference room and full pantry kitchen for privately catered special occasions. On the 7th floor rests a 50 foot sky-lit indoor lap pool and state of the art 24-hour gym. On the 8th, there’s a landscaped rooftop terrace with views of  the Hudson River and Washington Park. Right outside of the Warren Street entrance are Bed Bath & Beyond and Barnes & Noble. And for world-class cuisine, Palm Restaurant, on the West Street side, delivers to tenants.

 

  1. The Orion

With 550 residences, the soaring tower of 350 West 42nd Street, also known as The Orion, is an impressive work of luxury. Between Clinton’s 8th and 9th Avenues, “The Orion” is just steps away from public transportation, allowing residents easy access to the entire city. It’s also very close to many restaurants and nightlife options — a bonus of living in Midtown West — like the Theater District and Columbus Circle. Its units have ceilings between 8 and 9 feet, and amenities include a full service garage, swimming pool and rooftop terrace.

 

5. 325 Fifth Avenue

325 Fifth Avenue in Murray Hill that features apartments with balconies set to the best cityscape in town. Completed in 2006, residences include kitchens and bathrooms equipped with cutting-edge appliances and premium fixtures. Amenities include a garage, fitness and business center, children’s playroom, indoor pool and spa, and a public lounge with a kitchen ready to fuel private parties.

 

6. The Caledonia

Known by the moniker "The Caledonia", 450 West 17th Street is adjacent to the High Line, New York City’s most unique and exciting urban park. The Related Cos-developed building also has a children’s playroom, garage parking, gym and a garden roofdeck.

 

7. 345 Meatpacking

345 West 14th Street, also known as 345 Meatpacking, has hand-laid, imported brick façade, and bronze windows from Italy. In addition to a common terrace, landscaped marquee and rainwater collection and irrigation system, many residences will have private, landscaped terraces with sweeping views of downtown Manhattan and the Hudson River. Most interestingly, though, is the 421-a tax abatement available for investors.

 

8. Twenty 9th Park Madison

Twenty9th Park Madison at 39 East 29th Street features units with 9-13 foot high ceilings, and its lobby--beyond luxury--has limestone floors and zebra wood bookcases in a relaxing lounge area. In addition to these, a rooftop sundeck with two custom pergolas, an outdoor shower and barbecue grills are sure to guarantee a summer full of community get-togethers you will not easily forget.

 

9. Chelsea Stratus

101 West 24th Street, also known as Chelsea Stratus and found in its eponymous neighborhood, has a unique ground floor combination of residential lobby and 16,000 square foot reserved for office or retail uses, and below-ground storage includes a wine cellar. Units include gourmet kitchens, luxurious bathrooms with colored glass, and stone and premium fixtures. Amenities include a fitness center, media lounge, dining area and communal kitchen.

 

10. 101 Warren Street

101 Warren Street is a mixed-use development that includes Whole Foods Market and Barnes & Noble Booksellers, with original tapestries adorning its sophisticated lobby furnished by acclaimed designer Victoria hagan. Inside, there is also a private, elevated pine tree forest designed by the landscape architect Thomas Balsley, a board room with screening area, and a gym.

 

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