It's time for another Curbed House Call, in which we have a look at a notable but maybe not-so-new building and take its market temperature.
We just can't get enough East 23rd Street today! First it was One Madison Park and now it's 340 East 23rd Street, aka Gramercy by Starck or, to us, McStarck. The Philippe Starck-designed condo high-rise, which hit at the height of the market and featured the craziest launch party ever (Shvo alert!), has always outperformed its less-than-favorable location. Buyers now have a bunch of choices. There are currently 23 condos for sale in the 200-unit building according to StreetEasy, a mix of resales and leftover sponsor units. That includes, get this, five penthouses?excuse us, sky houses?in the Starckified building.
It's an interesting mix of pads. There are a pair of 1BRs sized around 840 square feet each. One is asking $1.125 million, but has a renter in place until May 2011 paying $3,800 per month. The apartment was once asking $1.69 million. The other, free and clear of any current tenants and laid out as a lofted 1BR, is asking $1.275 million (down from $1.475 million). These are the small fries.
Penthouse #1E, with 2BRs, 2.5BAs and 1,428 square feet, was used as the building's sales office. It was asking $2.32 million pre-Lehman, and now has come down to $1.88 million, or $1,316 a foot. Value meal!
The other two on-the-market penthouses are the supersized meny items, both 3BRs and just under 1,700 square feet. The cheaper one is new to market and actually looks inhabited. The asking price is $2.495 million, just shy of $1,500/ft. The other, seen in the photos above, is the Big Mac, with that big terrace supplying the special sauce. It wants $2.795 million, and at one time the asking price was $3.67 million. Isn't that hot tub just cryin' out for some hot buns? Why, yes it is. So who's lovin' it?
· Listings: Gramercy Starck [StreetEasy]
· Gramercy Starck [Official Site]
· Gramercy by Starck coverage [Curbed]