NEW
YORK, June 26, 2024 /PRNewswire/ -- Luxury real
estate auction house Platinum Luxury Auctions has announced another
luxury property offering in the Big Apple. On July 12, the Miami-based firm will hold a luxury auction
sale for two new condominiums in New
York City's Upper West Side, just one block from Central
Park. Platinum has handled several luxury auctions for residential
real estate in the city, including the $11.5
million sale of an Upper East Side residence on
5th Avenue in 2021. The auction house is conducting the
upcoming sale in tandem with listing broker Rick Kelly of Alta Real Estate.
The units form an exclusive, two-residence development on West
105th Street that includes seven floors of enclosed
living space: Unit TH occupies the lower four floors, while Unit PH
occupies the upper three. Each unit also has an impressive outdoor
living area, with Unit TH offering an enclosed courtyard and Unit
PH offering a rooftop terrace. Previously, the units were priced at
$6.4 million (TH) and $5.8 million (PH).
The building was completed in early 2024, and was newly
constructed from the ground up instead of renovated in-place. The
owners retained prominent architect Murat Mutlu, founder of
INOA Architecture, for the design. Mutlu's background includes
coveted positions with late starchitect Zaha Hadid and at Skidmore Owings & Merrill.
For an added aesthetic touch, La Perla Garden, one of the precious
few Manhattan Land Trust gardens, sits next door.
Both units feature bright and spacious interiors, with abundant
natural light provided by plenty of windows and lofted ceilings.
Premium finishes and materials include Porcelanosa®
white oak tile flooring, custom windows by Schuco, and appliances
by Gaggenau, Thermador and Bosch. Unit TH is the larger apartment,
with 4,232 sf of living space, 3 beds, 3 full and 2 half baths
throughout four living levels, plus its courtyard (600 sf). The
slightly smaller Unit PH is 3,675 sf, with 4 beds and 4 baths
throughout three living levels, in addition to its rooftop terrace
(900 sf).
"This is a particularly unique real estate asset in the city,
with modern design, an exceptional location, and the potential for
an ownership structure that provides appeal and flexibility to both
retail and investment-focused purchasers," said Trayor
Lesnock, Platinum's founder and president.
That appeal and flexibility is due to the development's size and
vintage. As a small and brand-new condominium, the condo owners'
association – along with its affiliated rules, regulations and
costs – is uniquely manageable and customizable. There are
currently no restrictions on lease terms or vacation rentals.
Based on the buyer feedback Platinum receives leading up to the
luxury auction date, the condominiums will either be offered in the
entirety, as one unit of sale (i.e., both units sold together, to
one buyer) or offered individually. Lesnock said the chosen method
of sale will be determined by the morning of July 12, on the date of sale.
Mr. Walter Cerini, Platinum's senior project manager, is
hosting previews of the property by daily appointment through the
evening of July 11. More information
on the property and the method of the auction is available online
at ManhattanLuxuryAuction.com, or by dialing Mr. Cerini at
800.997.4235.
About Platinum Luxury Auctions: Platinum Luxury Auctions
created the luxury auction® model for
multimillion-dollar real estate auctions and owns the federal
trademark rights to the term "luxury auction." The Miami-based auction house specializes in the
non-distressed sale of multimillion-dollar properties in the U.S.
and select international markets, and has offered properties in 33
states and 14 countries to date. Platinum's team has closed more
than $1.4 billion in luxury auction
sales, and has consulted or advised HNW and UHNW individuals on
more than $3.75 billion in luxury
property assets. PlatinumLuxuryAuctions.com.
NYC Condominium Disclosure: The sale of the Units
within 76 West 105th Street Condominium is pursuant to Index Number
NA23-0059, which is on file with the New
York State Department of Law (collectively, the "No Action
Application"). Investors are advised that sales are conducted
pursuant to the No Action Application. 76 West 105 Holdings LLC,
the developer of the Property, shall respond to offers of interest
from individuals and entities that possess a background in
acquiring real estate or engaging in commercial real estate
transactions in New York City.
Equal housing opportunity.
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SOURCE Platinum Luxury Auctions