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update to your home value. number you provided, including marketing by autodialer and prerecorded and artificial voice, and Javascript is disabled in your web browser. It has three full floors with access to eight private terraces and Central Park views inthe hip Upper East Side. The triplex will have a 16th floor great room framed by arched windows and a set-back terrace and a full-floor master bedroom suite with two private terraces, Juliet balconies, and a dressing room. para.appendChild(node); penthouse across the 17th and 18th floors and document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. CBSKs Scott Shnay, Madison Realty Capitals Josh Zegen and 1228 Madison Avenue (LinkedIn, Madison Realty Capital, Robert A.M. Stern Architects). Please contact me to discuss opportunities. This category only includes cookies that ensures basic functionalities and security features of the website. New York, NY 10003, Terms of Use The 13-unit luxury condop is 42 percent pre-sold, with all the deals coming post-Covid. The Grand 2022 LX Collection, We will be in touch with more information. The triplex penthouse went into contract just before it was slated to hit the open market, the brokers noted. list price for the two residences was $27.85 million. According to CBSK Ironstate, the partnership of CB Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. The buyers, we hear, are a local New York family who rented in the neighborhood and loved the Central Park reservoir views. This penthouse on 1228 Madison Avenue has hit the market with anasking price of $27.85 million. But opting out of some of these cookies may have an effect on your browsing experience. Try again later. Designed by Robert A.M. Stern Architects, known for their modern interpretation of classic architecture, and Kelly Behun Studio, who brings just the right amount of modern whimsy to the 13 residence interiors. Duplex Residences, Still, in the view of Scott Shnay of SK Development, selling the triplex penthouse was a sign that the Upper East Side remains attractive to homebuyers even amid the ongoing economic uncertainty. But location is just one of the perks of this boutique luxury residential building. As one might expect, the closing price was as high as the building itself at a combined $27.85 million. And the fitness center and training studio designed by Kelly Behun Studio is as gorgeous as it is state-of-the-art. 1228 Madison Avenue pushes those amenities a step further with careful attention to detail and iconic style delivered by Robert A.M. 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The building, by Saint Davids school between 88th and 89th streets, just recently launched sales. Please Allow Javascript and reload this page. When the units are combined, the home will feature a full-floor master bedroom suite, and eight private terraces with more than 1,700 square feet of outdoor space. bike safety event, NASA camp returns to One Stop Richmond Hill, Increase the peace: Leaders gear up for 25th annual unity walk from PLG to, Q&A: Addison Heimann makes debut with queer horror film. CBSKs Scott Shnay and Madison Realty Capitals Josh Zegen noted the quick timeframe in which they wrapped up the deal: just three weeks. The deal adds the 16th floor to a 17th and 18th-floor penthouse to form a townhome-like residence crowning the top of the building. Update: The property has abuyerin contract at the finalasking price of $27.85 million. Fancy purchasing a penthouse on the Upper East Side in Manhattan? Skip recommended stories carousel and go to main content. They run the gamut from serene and spa-like to decadently deluxe. For full functionality of this site it is necessary to enable JavaScript. There is also a full-floor master bedroom suite that features two private terraces, Juliet balconiesand a dressing room. And that makes sense: there are just 13 units in total, ranging in size from a sprawling four-bedroom apartment to a nearly 7,000-square-foot duplex with unrivaled Central Park views. Privacy Policy Developers, SK Development, and Ironstate which developed the boutique building We will be in touch with more information. Here, that means a handsome facade of limestone and heathered brick, a series of setbacks that allow for outdoor terraces, and a crown. Keep me updated as LX Collection continues to build the world's most prestigious platform for showcasing luxury condominiums. Sales at 1228 Madison Avenue launched in mid-November and This, after all, is what Stern is famous for: a modern traditionalist approach to architecture, which emphasizes the surrounding architectural environment. Don't Neglect These 6 Maintenance Tasks - Or Else, Debunked! The building featured 14 full-floor units and one penthouse duplex. The landscaped roof deck, for example, wrapping around the buildings crown, offers some of the most spectacular views of Central Parkspecifically the Jacqueline Kennedy Onassis Reservoir. LX Collection does not endorse any properties or information concerning properties identified on the Website and is not responsible for the accuracy or validity of property information, including property details and availability, on the Website. These cookies will be stored in your browser only with your consent. Below the penthouse, other smaller units within 1228 Madison Ave. including four- and five-bedroom full-floor and duplex homes remain on the market, with prices starting at $7.95 million. Other interior features include chevron oak floors, burnished nickel custom door hardware and marble kitchen countertops. Round-up top news and topics for each of the following cities, Select the newsletter you'd like to receive below. It is mandatory to procure user consent prior to running these cookies on your website. Inside the penthouse, theres a Great Room on the 16th floor with unobstructed views of Central Park. 8 Myths About Renting You Should Stop Believing Immediately, 6 Ways Home Buyers Mess Up Getting A Mortgage, 6 Reasons You Should Never Buy Or Sell A Home Without An Agent, Difference Between Agent, Broker & Realtor, Real Estate Agents Reveal the Toughest Home Buyers They've Ever Met. Known for its designer shops and designer-clad residents, the Upper East Side has an elegant and refined vibe that feels somewhat removed from the frenetic energy of Lower Manhattan. The unit is in Robert A.M. Sterns latest boutique brick-and-limestone building. The views are nothing short of spectacular; from the penthouse, you get an incredible glimpse of the Manhattan skyline and the prominent features of Central Park, including the Jacqueline Kennedy Onassis Reservoir. Claim your home and get email whenever there's an var ca = document.querySelector( '#contactAuthor' ); A triplex penthouse at 1228 Madison Ave. is in contract for close to its last asking price of $27.85 million. var para = document.createElement("p"); A triplex penthouse at the top of 1228 Madison Avenue has We've received your submission. Notable highlights include the 16th floor "Great Room," with arched windows that offer unobstructed views of Central Park over a set-back terrace. We are having some technical difficulties. Post was not sent - check your email addresses! The 16th, 17th and 18th floors form the crown of the building. the sky. 2018 - Hagedorn Publishing. Living Room on the 16th floor offers panoramic views of Central Park. This website uses cookies to improve your experience while you navigate through the website. REAL NEWS, REAL DEALS DELIVERED DIRECTLY TO YOU. The developers of 1228 Madison Avenue CBSK Ironstate and Arel Capital secured the financing from Madison Realty Capital. You also have the option to opt-out of these cookies. The thoughtful amenities at 1228 Madison Avenue focus on quality over quantity. Its the third financing transaction the two sides have done together. The new debt refinances a $65 million construction loan provided by Deutsche Bank in 2019 and will cover the projects closing costs. Designed by Robert A.M. Stern Architects with interiors by Kelly Behun Studio, the penthouse includes an incredible eight private terraces with more than 1,700 square feet of outdoor space high above the Manhattan streets. 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Triplex Penthouse. '. This story has been shared 108,828 times. All Right Reserved. Full-Floor Residences, Instead, expect turnkey residences designed by global firm MAWD and outfitted with everything you needor could possibly imagine needing. Check Out This $25M Terraced Penthouse On Park Place In NYC. "); All rights reserved 2022 The Real Deal is a registered Trademark of Korangy Publishing Inc. $7.95 million. One block from the Guggenheim Museum and one block from Central Park and surrounded by the shops, restaurants, and cafes on Madison Avenueit doesnt get much more prime Upper East Side than this. wpcf7Elm.addEventListener( 'wpcf7submit', function( event ) { var node = document.createTextNode(" Your message sent successfully. Sorry, your blog cannot share posts by email. I would like to feature my property on LX Collection. Necessary cookies are absolutely essential for the website to function properly. Late last year, a buyer described as a New York family purchased the duplex penthouse and a 16-floor unit below with plans to combine them into a 6,150-square-foot triplex. It is a condop. Please contact the property directly to confirm such information. This is a boutique residential building with architecture by Robert A.M. Stern Architects and interiors by Kelly Behun Studio. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Here, youll find Museum Milethe Metropolitan Museum of Art, the Guggenheim, the Neue Galerie, among othersand Central Park, as well as some of Manhattans most elite private schools. Interiors by Kelly Behun Studio have the feel of private residences rather than a residential development. [The] 1228 Madison Ave. [site] pushes those amenities a step further with careful attention to detail and iconic style delivered by Robert A.M. Stern Architects and Kelly Behun Studio.. By clicking Subscribe you agree to our Privacy Policy. of outdoor space, the Triplex Penthouse offers uninterrupted views of the Midtown - LX Collection Team. Add the rooftop pool, the private restaurant from Michelin-starred chef Daniel Boulud, and the prime location, steps from luxury boutiques, cultural landmarks, and Central Park, and you have all the comforts of home with none of the upkeep. Powered by, Construction Begins on 126 East 57th Street, Newmark Arranges $514 Million in Construction Financing, Hillwood Launches Nearly 1.7m Square Feet Across, Avison Young arranges lease renewal at NYC, Square Mile Capital Provides $285.8 Million Loan, Todays Multifamily Market is Both a Delicate, Lauren Smyle Joins BridgeCore Capital As Senior, Mitti Liebersohn and Arthur J. 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Mirante, II, Join Savills. ca.after(para); These cookies do not store any personal information. The Triplex Penthouse sale at 1228 Madison Avenue is a testament to the desirability of a prime Upper East Side location. As for the bathrooms? Related links:
Benzinga does not provide investment advice. (The duplex was last asking $17.5 million; the 16th floor was last asking $10.35 million.). Westhampton Beach inn to reopen as luxury hotel, A 75-mile skyscraper is planned in Saudi Arabia, Mystery buyer pays just $169M for site of Oceanwides distressed supertall, Harlem church seeks state approval for redevelopment plans, Chinas debt cataclysm threatens US real estate projects, Newark slaps wage mandate on resi megaproject, Lonicera scores $134M loan for DoBro tower. Those familiar with Robert A.M. Stern will not be surprised to learn that his eponymous firm is behind this stunning new residential building that manages to feel classic and contemporary all at once. Copyright Policy With eight private terraces providing over 1,700 square feet We are seeing buyers express desire for smaller buildings with full-floor residences that offer ample outdoor and indoor living space, he said. 2022 Benzinga.com. The Mandarin Oriental Residences Fifth Avenue delivers everything youve come to expect from the world-class hotel group but with one key difference: there are no hotel rooms (and no guests). Eat-in kitchen designed by Kelly Behun Studio. The latest big-ticket sale in New York City, at the top of 1228 Madison Ave., is actually two homes in one a combined luxury townhouse-like residence encompassing the 16th, 17th and 18th floors, according to CBSK Ironstate. the apartment across the 16th floor to create their own townhouse in But the family buying the penthouse duplex wanted more space, so they bought the 16th floor as well. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. the triplex penthouse went into contract just before hitting the market. All rights reserved. The celebrated interior designer shares the details behind the project, from rare finishing touches to bespoke lighting fixtures designed by Behun herself. The developer did not reveal the sale price, but the combined Refined materials throughout include chevron oak floors and Calacatta marble; appliances are top-of-the-line (of note: the made-to-order Lacanche ranges in the kitchens), and light fixtures add a sense of drama. The Real Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry. We also use third-party cookies that help us analyze and understand how you use this website. Even with an ongoing global pandemic and economic crisis, townhouses continue to sell big in New York and arguably, none of them have sold bigger than this triplex penthouse on the posh Upper East Side. var wpcf7Elm = document.querySelector( '.wpcf7' ); email, from realtor.com and, Home Buyers Reveal: 'What I Wish I Had Known Before Buying My First Home, Selling Your Home? been sold. with architecture by Robert A.M. Stern, the buyer has acquired the duplex }, false ); Correction: A previous version of this story incorrectly identified 1228 Madison Avenue as a co-op. Check Out This $25M Terraced Penthouse On Park Place In NYC. 2022 NYP Holdings, Inc. All Rights Reserved. The remaining apartments in the 18-story building start at The penthouse includes a full-floor master bedroom suite with two private terraces, balconies and a dressing room. - LX Collection Team.