nyc BLOG estate

nyc BLOG estate

Apthorp Apartments: Condo Conversion

With it's iron gates, its monumental tunnel like entrances, and its impressive interior courtyard, the Apthorp is one of Manhattan's most dramatic and most frequently photographed apartment buildings. The Apthorp has many famous former and current residents some still in rent-regulated apartments.

The elegant full-block apartment complex built by the Astor family for the New York elite has converted its 163 apartments to condominiums. The landmark 1908 Upper West Side building has two addresses 390 West End Avenue and 2207 Broadway between west 79th and west 78th streets.

The total asking price for all apartments, including apartments of 88 tenants protected by rent-regulation laws, is $1.06 billion, which makes it one of the most expensive condominium-conversion projects. The apartments are grand and well detailed, the original suites have a room-sized foyer with a mosaic tile floor and there are glass-paneled French doors throughout.

The Apthorp price works out to nearly $3,000 a square foot, which is somewhat above the initial offering prices at 15 Central Park West when it went on the market in the fall of 2005, and below that of the Plaza condominiums on Fifth Avenue and Central Park South, which began sales a few months later. The only park views at the 12-story Apthorp are views of the interior fountains and garden.

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