NYC Real Estate – A Different World

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I’ve been watching an apartment building go up at 19th Street and the West Side Highway for the past year. It’s along my regular bike ride path and also across the street from my gym at Chelsea Piers.

According to Curbed, it’s called 100 Eleventh Avenue and was designed by star architect Jean Nouvel. On the right is a picture I ganked from Curbed that shows you what 100 Eleventh Avenue will look like when it’s done.

As you can see, this is one seriously high end building. Here’s a link to the web site for 100 Eleventh Avenue. I couldn’t find any prices but based on what I know about that neighborhood, these apartments will sell for $3mm to $5mm each.

If you look at this picture just below which I took on my way out of the gym this morning, you’ll see that the building (which is still under construction) is right next to an institutional looking building on the southern corner of 20th and the west side highway.

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That institutional building is the Bayview Correctional Facility, ie a medium security women’s prison.

NYC apartment living is full of stories about problems with neighbors. You always have to worry about the neighbor above or below you or next door making too much noise or being a grump. But when your neighbor is a prisoner in jail, it takes it to a whole new level.

I’m just fascinated by this project and am really curious to see how the sales process goes, particularly for the apartments adjacent to the prison. Hudson River views are harder and harder to come by these days and Chelsea is certainly a hot neighborhood and I am sure that these apartments will go quickly. That’s why NYC real estate is a different world.

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