15 Central Park West

One of the most desirable addressess worldwide, 15 Central Park West is the epitome of New YorkCity's residential condo living.

 

 

A short Story about 15 CPW

The huge success story known as 15 CPW has had a short but storied history. Sitting on the site of the old Mayflower Hotel, directly on Central Park toward its Southwest corner, 15 CPW is comprised of two limestone buildings – the house and the tower. Designed by starchitect Robert A.M. Stern, the building’s design pays homage to the stately buildings that line Central Park West, Fifth Avenue and Park Avenue – taking the best features from these classic buildings and adding modern conveniences.

The Craftmanship

Two friends from college.

Home Buyer

Two friends from college.

The Residents

there are other heads of industry, financial titans, and celebrities living there. Back in 2009, the New York Post estimated the combined net worth of the buildings’ residents to be close to $50 billion. We wouldn’t be surprised if that number has grown significantly by now!

Why build a new condo in a pre war style

Marco owns property in Geneva where he lives with his family. He also has an investment property in London, where he received his MBA. While he was interested in investing further in real estate, Marco was very concerned about wealth preservation after reading reports that the London and Geneva property markets were overvalued and at high risk for correction

After investigating and eliminating several locations from his list, including Paris, Sydney, Munich, and other “bubble” cities, Jean purchased a 2-bedroom condo in the Chelsea neighborhood of New York City, which has been rented out ever since. Ultimately, after all his research, he found NYC property prices to be fairly valued and supported by high rents, making it the safest option for his investment.

 

CONNECT WITH AN EXPERT

The Most Desired New York City Location

Grace is vice president of a large multinational investment bank headquartered in NYC. After years of renting and not building any equity in her home, she had been turned off to the idea of renting and was looking to purchase property to invest in her future.

After a thorough search, Grace is now living on the Upper West Side in a 1-bedroom condo. Close to grocery shopping and excellent transportation, Grace enjoys the neighborhood feel of the UWS, while still living and working in such a dynamic city.

 

CONNECT WITH AN EXPERT

The Residences at 15 CPW

Bobby and Kristen knew that they had been outgrowing their apartment in the West Village. When they realized that there was a third child on the way, however, they began to imagine just how uncomfortable their apartment was going to become.  

After sixty days on the market, Bobby and Kristen sold their 2-bedroom apartment just in time to purchase a new 4-bedroom apartment that they had been eying for quite some time. Now they all live comfortably close by in Gramercy Park.

 

CONNECT WITH AN EXPERT

The building with a clubby feeling community

This was Nancy's thinking when setting out to buy a property for her daughter, Kimberly, who had been just accepted to NYU.

Nancy found the perfect home for Kimberly in a 2-bedroom condo in Greenwich Village, a two-minute walk to class. Trina uses the second bedroom when she comes to visit from Singapore. Odds are high that Kimberly will be working in the US upon graduation, making this a valuable long-term investment for the family. 

 

CONNECT WITH AN EXPERT

The Architect Behind 15 CPW

ROOMMATES?
Two friends from college.

GO-TO GREENSPACE:
I like to walk my dog through DeWitt Park—it’s really peaceful so you forget you’re in the city.

AFTER WORK DRINKS:
The Rum House is my favorite cocktail bar—sometimes they have live music!

PLACE TO TAKE OUT-OF-TOWNERS:
Gotham West Market—there’s amazing food and we always find a table.

 

CONNECT WITH AN EXPERT

Comparing Neighboring Properties

ROOMMATES?
Two friends from college.

GO-TO GREENSPACE:
I like to walk my dog through DeWitt Park—it’s really peaceful so you forget you’re in the city.

AFTER WORK DRINKS:
The Rum House is my favorite cocktail bar—sometimes they have live music!

PLACE TO TAKE OUT-OF-TOWNERS:
Gotham West Market—there’s amazing food and we always find a table.

 

CONNECT WITH AN EXPERT

15 CPW Amenities

Generally, in the Light option we don't handle cash and we don’t collect rents or pay bills on behalf of the owner. Rather, we manage the entire process to fix the tenant’s and owner’s problems.

gate

GATED MOTOR COURT

valet

VALET PARKING

dining

PRIVATE DINING ROOM

chef

IN-HOUSE CHEF

spa

HEALTH CLUB & SPA

pool

75-FOOT LAP POOL

wine

PRIVATE WINE CELLARS

business center

BUSINESS CENTER

Availabilities

A foreigner can buy property in the US. It is usually easier to purchase a condominium, rather than a cooperative. Cooperatives require all purchasers to be interviewed and they legally have the ability to reject a buyer without providing a reason. Cooperative boards also ask for extensive personal and financial information and do not cater to non-resident owners. Typically, condominiums have an easier review process which involves the condominium board waiving their right of first refusal to buy the

  • 30% down payment for a second home and 40% down payment for an investment property.
  • $3,000,000 loan maximum. At 70% LTV, the property purchase price would equate to $4.2 million.
  • Banks want to establish a long-term relationship with the customer beyond just the mortgage, so will sometimes require $100,000 on deposit with the bank.
manhattan-report.jpg

15 CPW Related Videos 

10 Hudson Yards NY 2.jpg

15 Central Park West: The Luxury Home to Sting, Denzel Washington, and Bob Costas-Vanity Fair

Vanity Fair

10 Hudson Yards NY 2.jpg

Author Michael Gross Takes Us Inside The Limestone Walls Of 15 Central Park West

CBS New York

10 Hudson Yards NY 2.jpg

Residents of 15 Central Park West

Business Insider

10 Hudson Yards NY 2.jpg

Living Large on Central Park West

CBS New York

10 Hudson Yards NY 2.jpg

Robert A M Stern Interview: The Limestone Jesus

Louisiana Channel

10 Hudson Yards NY 2.jpg

15 Central Park West: The $88 Million Apt. Purchased by Dmitry Rybolovlev's Daughter-Vanity Fair

Vanity Fair

VIEW MORE

In The News

"New York's most expensive condo is 15 Central Park West"

Curbed New York

"Chinese buyer shells out $50M for Bob Diamond’s 15 CPW penthouse: sources"

The Real Deal - New York Real Estate News

"Central Park West: one of New York’s most sought-after addresses"

Financial Times

"Inside the walls of swanky 15 Central Park West"

New York Post

"It’s Easy to See Why Sting and Trudie Styler Already Sold Their Penthouse"

Observer

"Venezuelan banker fetches $28M for 15 Central Park West apartment"

Curbed New York

"Meet the residents of 15 Central Park West, the world's most powerful address."

Independent

What's in the Neighborhood?

Central Park

SOLD: $5,300,000 | 123 East 42nd Street
Apt. 6A

1 BEDROOM | 2 BATH

SCHEDULE A CALL
WITH OUR BUILDING EXPERT