New Development Highlight: The Carlton House

ricardo, 6/8/13 8:14 PM


Extell, the developer behind the ultra-successful, ultra-luxury One57, recently launched sales of the reimagined The Carlton House (on Madison Avenue between 61st and 62nd Street), just north of Barneys and only one short block from Fifth Avenue.  Already, the building has been a resounding success having sold approximately 40% of its apartments in only 6 weeks.

Set in a landmark district in New York, this once luxury hotel called the Helmsley Carlton House, is currently undergoing an extensive restoration and, in the process, transforming the many of the previous hotel rooms into 66 grand apartments, with grand price tags to match. Expect nothing but the best at Carlton House.

Buyers at The Carlton House can choose between Pearle or Mink interior color palettes - think bleached oak vs. ebonized wood flooring, exotic light wood cabinetry vs. ebonized wood cabinetry, and white polished marble vs. charcoal limestone, respectively. The building also features paneled entry foyers, marble galleries, and private terraces in some apartments.  The building features a ton of amenities as well, including a 24-hour doorman, “lifestyle consultants”, fitness center, indoor swimming pool, game room, & bike and private storage.

While The Carlton House sits on a land lease on Madison Avenue, the owner of the retail space is on the ground floor responsible for paying the156-year lease, not the residence owners, so owners pay nothing for this.

While prices at The Carlton House start at$3 million range, to get anything decent (which does not face a brick wall), be prepared to part with at least $4.5 million. However, it would not be an Extell building if they didn’t offer a 9,742 duplex penthouse or a 10,000 square foot townhouse for $65 million each!