1 West end avenue New Development update

With 246 units spread over 42 stories plus an affordable component as well, 1 West end avenue is aiming its marketing at the affordable luxury segment. Prices start at just under $1.6 million for a 1 bedroom to $6.4 million for a 3bd/3.5 ba 2245 sqf 41st floor apartment. Sales are off to a fast start with 100 units in contract according to the developer in less than 2 months. That is not surprising since the average price per square foot is about $2100 per square foot.

According to Crains, the building is the first in the Riverside Center complex which will also include a 616-unit rental building with a school plus 3 other buildings with ground floor retail and public open space. The building is at the corner of West end avenue and 59th street. Is this a good investment and if so why do you think so?

 

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