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Belnord Upper West Side Condo Conversion




 Belnord | 225 West 86th Street
The Belnord – the handsome, century-old landmark residential complex in the heart of the Upper West Side at 225 West 86th Street is officially going condo with a total price tag of $1.3 billion according to the Real Deal.  The Belnord conversion may become one of Manhattan's most expensive condo buildings. Apartments are expected to average in price around $6million.


The Belnord, a limestone-and-brick structure that stretches the entire square block between 86th Street and 87th Street between Broadway and Amsterdam Avenue, was built in 1908 by the Astor family. The building is on the U.S. National Register of Historic Places. It was designed so that carriages could drive around the entire courtyard, which has canopied entrances at the four angled corners.
The Astor courtyard buildings (Apthorp Apartments) (The Astor) were built in conjunction with the IRT subway expansion to lure wealthy Manhattanites into apartment living from their elegant single family brownstone townhouses. 

They've increased enormously in value since they were built in the early 20th-century. John Jacob Astor on his deathbed in 1848 was asked if he had any regrets he replied: "
If I could live all over again, I would buy every square inch of Manhattan."

Photos ©Mitchell J Hall
The price came out to roughly $1,000 per square foot or $2.64 million for each of the 218 units, many of which contain original moldings and overlook the building’s central courtyard.
According to the offering plan, the condominium will have 213 residential units. The developer’s plans for rent-regulated units are unclear. Parking is not included in the plan.
The Belnord’s 213 condo apartments will average in price range to around $6.1 million.
Prewar condo apartments can command a premium since there are so few compared to new construction. 


Anticipated sales target date Q2-2017. Anticipated Occupancy planned for Q1 2018


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