Prime Location: The Upper West Side Advantage
The Upper West Side, known for its historic charm and cultural richness, is one of Manhattan's most sought-after neighborhoods. Fifteen Sponsor Condo enjoys a prime location just steps from Central Park, providing residents access to one of the city's most iconic green spaces.
Beyond its proximity to the park, the neighborhood offers an array of dining, shopping, and cultural attractions. Residents can easily visit landmarks like the American Museum of Natural History and Lincoln Center. The area is also well-connected via public transportation, with nearby subway lines offering quick access to other parts of Manhattan.
Benefits of the Location
Living on the Upper West Side means enjoying a balanced lifestyle. Combining bustling city life and peaceful residential streets makes it ideal for families, professionals, and retirees.
The neighborhood is also known for its vibrant culinary scene, with world-class restaurants and cozy cafes lining its streets. Retail enthusiasts can explore boutique stores and renowned brands, while cultural aficionados can attend events at nearby institutions like the Juilliard School or the New York Historical Society. The area boasts some of the city’s best schools and playgrounds for families, further enhancing its appeal.
Fifteen Sponsor Condo’s location further enhances its allure, making it a prime choice for buyers seeking both convenience and prestige. Its proximity to Central Park offers outdoor recreational opportunities and elevates the overall quality of life for residents.
Architectural Excellence
Fifteen Sponsor Condo is a testament to SLCE Architects' commitment to creating buildings that combine functionality with aesthetic appeal. This 22-story structure, featuring just 21 units, offers an intimate and exclusive living experience.
The building’s design emphasizes clean lines and modern finishes while maintaining harmony with the classic charm of the Upper West Side. Each unit is thoughtfully crafted to maximize natural light and provide residents with unobstructed views of Central Park and the Manhattan skyline.
Architectural Highlights
The exterior of the building features a sleek, modern façade that blends seamlessly with its surroundings. The spacious layouts, high ceilings, and floor-to-ceiling windows inside each residence create an inviting atmosphere. These elements enhance the visual appeal and contribute to a comfortable and functional living space.
SLCE Architects have incorporated subtle nods to the Upper West Side’s architectural heritage, ensuring the building complements its historic surroundings. The choice of materials, the balance of glass and stone, and the meticulous attention to detail speak to the architects’ dedication to excellence. The overall result is a structure that exudes sophistication while remaining warm and welcoming.
Luxury Condominiums at Fifteen
The residential offerings at Fifteen Sponsor Condo cater to diverse buyer needs, with layouts ranging from one to four bedrooms. Each unit is designed to balance elegance and practicality perfectly, ensuring residents enjoy the best of modern living.
Key Features of the Units
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High Ceilings and Windows: Residences boast 10-foot ceilings and expansive floor-to-ceiling windows that fill the spaces with natural light. These design choices create a sense of openness and frame breathtaking views of the city.
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Premium Finishes: Kitchens are outfitted with custom Bilotta cabinetry and Bertazzoni top-tier appliances. Bathrooms feature Italian porcelain and marble finishes, adding a touch of luxury to daily routines.
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Private Outdoor Spaces: Many units include terraces or balconies, offering stunning views of Central Park and the surrounding cityscape. These outdoor spaces serve as private retreats, perfect for relaxing or entertaining.
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Smart Home Connectivity: Units are pre-wired for smart home systems, adding a layer of convenience to everyday living. Residents can control lighting, temperature, and security with ease.
In addition to these features, each residence is thoughtfully designed with ample storage, flexible layouts, and energy-efficient systems. These elements ensure that the homes at Fifteen Sponsor Condo meet the needs of today’s discerning buyers.
Building Amenities: Redefining Modern Living
Fifteen Sponsor Condo offers an impressive suite of amenities designed to enhance residents’ lifestyles. These features cater to various needs, from fitness enthusiasts to families with young children.
Comprehensive Amenities
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Doorman and Concierge: A 24-hour doorman ensures security and convenience, while a dedicated concierge service caters to residents’ needs.
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Fitness Center: The boutique fitness center is equipped with state-of-the-art equipment, providing a convenient option for maintaining an active lifestyle.
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Children’s Playroom: Designed for younger residents, this space fosters creativity and fun, making it a valuable resource for families.
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Lounge and Recreation Areas: These communal spaces provide residents with areas to relax, socialize, and host events.
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Storage Options: Oversized private and bike storage are available, ensuring residents have ample space for their belongings.
The building also features a package room, pet-friendly policies, and a live-in superintendent. These amenities reflect a commitment to convenience and quality, ensuring residents feel at home.
Sales Analysis: Market Performance
The sales performance of Fifteen Sponsor Condo reflects the building's appeal in Manhattan’s competitive real estate market. With 48% of units sold within two years, it demonstrates steady demand among buyers.
Key Insights
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Sales Velocity: The building has averaged one monthly sale over the past year. This steady pace reflects strong interest in the property despite a competitive market.
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Pricing Trends: Units range in price from $1.5 million to $15.99 million. Recent price adjustments have made some units more competitive, particularly among one- and two-bedroom layouts.
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Unit Breakdown:
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One-bedroom units: 80% sold
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Two-bedroom units: 100% sold
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Three-bedroom units: 20% sold
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Larger units: No sales yet, indicating potential opportunities for price adjustments or targeted marketing.
The data suggests that smaller units are in higher demand due to their affordability and appeal to young professionals and smaller households. While still available, larger units represent an untapped market that could attract families or investors with strategic pricing.
Investment Potential in Manhattan Real Estate
Luxury condominiums in Manhattan have always been a reliable investment, and Fifteen Sponsor Condo is no exception. Its prime location, modern amenities, and architectural quality make it attractive for buyers seeking long-term value.
Why Invest in Fifteen Sponsor Condo?
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Strong Demand: The steady sales velocity indicates sustained interest. Investors can expect consistent rental demand due to the building’s location and amenities.
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Premium Location: Proximity to Central Park and cultural landmarks enhances its desirability, making it a standout choice for tenants and owners alike.
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Comparative Advantage: Fifteen offers competitive pricing and boutique exclusivity compared to other luxury developments in the area.
For investors, the combination of high-end features and strong market positioning ensures that units at Fifteen Sponsor Condo will retain their value over time. Additionally, the limited number of units creates a sense of exclusivity, further boosting their appeal.
Recent Listings and Closings
Recent activity at Fifteen Sponsor Condo provides insight into buyer preferences and market trends. Notable listings and closings showcase the range of options available to potential buyers.
Notable Listings
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Unit 23: A three-bedroom, three-bathroom unit listed at $6.85 million. Its spacious layout and premium finishes make it an attractive option for families.
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Unit 15A: A one-bedroom, one-bathroom unit listed at $1.65 million, appealing to young professionals and first-time buyers.
Recent Closings
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Unit 15A: Sold for $1.7 million, reflecting the strong demand for smaller units.
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Unit 16B: Sold for $2.8 million, highlighting the appeal of two-bedroom units.
These transactions underscore the building’s ability to attract buyers across various price points, making it a versatile investment opportunity.
Environmental and Commercial Space Integration
Fifteen Sponsor Condo incorporates 34% commercial space within its 74,119 square feet, effectively balancing residential and commercial uses.
Benefits of Mixed-Use Design
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Community Integration: The commercial space enhances the building’s connectivity to the surrounding neighborhood, fostering a sense of community.
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Convenience: Residents benefit from having essential services and retail options nearby, adding to the property's overall appeal.
The thoughtful integration of commercial space ensures the building remains vibrant and connected to the Upper West Side community. This mixed-use approach also contributes to the property’s long-term value and appeal.
Future Outlook and Conclusion
With an estimated sellout timeline of one year, Fifteen Sponsor Condo is poised to complete its sales journey successfully. The combination of its prime location, luxury features, and strong market performance positions it as a standout option in Manhattan’s real estate landscape.
Final Thoughts
Fifteen Sponsor Condo offers a unique opportunity for buyers and investors to own a piece of Manhattan’s Upper West Side. Its thoughtful design, comprehensive amenities, and competitive pricing make it a compelling choice for those seeking luxury and convenience. Potential buyers and investors are encouraged to explore this exceptional development and consider its long-term value.
FAQs
What types of residences are available at Fifteen Sponsor Condo?
Fifteen offers a range of one- to five-bedroom residences, each featuring private outdoor spaces and exceptional views.
What amenities does the building provide?
Residents enjoy amenities such as a 24-hour doorman, live-in superintendent, residents lounge, children's playroom, boutique fitness center, oversized private storage, package room, and bicycle storage.
Is immediate occupancy available?
Yes, immediate occupancy is available for select units, including the penthouse.
Are there any recent price adjustments for the penthouse?
Initially listed at $18.5 million, the penthouse has been reduced to $15.99 million.
