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Lining Up to Get to the Top

Uncategorized // Feb 04, 2009

Since they were first listed, the two contiguous units on the 35th floor at 15 Central Park West have garnered considerable attention and received tremendous traffic from potential tenants. At this time, leases are out for both units individually at full asking rents to immaculately qualified applicants. One individual initially offered considerably below the asking price for both units and returned with a year-up-front cash offer above ask a little too late in the game. Numerous other people have requested to be put on a waiting list.

The bottom line is, an iconic building such as 15 CPW will always draw well-heeled crowds.  You can rent in one of the most famous buildings in the world for a fraction of what it would cost to buy; although money isn’t really the issue with most of the people, 15 CPW affords a certain level of lifestyle that exists only in a handful of buildings in NYC. Robert A. M. Stern’s limestone-clad building has more in common with pre-war buildings on CPW and Fifth and Park Avenues. This building conveys a certain lifestyle most of the residents already have. It is traditional enough where it looks like it has always been there, but yet, offers all the modern amenities desired by its demanding occupants. This is a building that will withstand the test of time and be adulated by many.

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