A 1957 Hells Kitchen co-op with a two-acre private garden
At the Coliseum Park Apartments, a two-building co-op in Hell's Kitchen, a let down for the developers became one of the best perks for residents. “Originally, there were supposed to be three buildings, but they couldn't [initially] sell out the third one on 59th Street, so it was never built,” says Eyal Adri, a real estate salesperson at Berkshire Hathaway. “Instead, they made a beautiful garden in between the two other buildings,” which are located on 58th and 60th Streets. With Central Park right around the corner, private outdoor spaces are rather uncommon for co-ops in the area, so the block-wide garden is a major bonus. The pristine lawn, bistro tables and cast iron lamp posts lend a charming vibe to the courtyard, and, at two acres large, it’s among the largest private parks in Manhattan. “It reminds me of Gramercy Park: closed to the public with tremendous florals and blossoms. They do great upkeep with the landscaping, and it’s just lovely in the spring and summer,” Adri adds. Although the red-brick, postwar complex houses over 600 units, there’s a surprisingly strong sense of community, perhaps thanks to the private courtyard itself: Events, like the annual Halloween festival, are commonly held there for residents. “In the sense of location, amenities, low maintenance costs and unit size, I think [the Coliseum Park Apartments] has fantastic value,” Adri says.
Shared amenities are housed in the 60th Street tower
When residents arrive at their respective buildings, they pass under identical porte-cochères, ideal for taxi drop-offs and rainy days. The lobbies are minimally furnished, but residents are greeted by a 24-hour doorman and pleasant views of the courtyard, which is framed by floor-to-ceiling windows. The two towers, both 14 stories, share amenities including a gym and a residents’ lounge that’s primarily used for board meetings. “The gym is one of the better ones I’ve seen in a residential building,” Adri says. “They have great equipment like free weights, bicycles and StairMasters.” Residents also benefit from an on-site laundry room, access to a live-in resident manager and a parking garage, which is connected to the 60th-Street building and offers leased spaces.
Prospective shareholders may wish to renovate, but new windows are on the way
Originally built as apartments in 1957, the community converted to a co-op in 1986. Since then, shareholders have customized their residences, in some instances combining several units. That said, many co-ops that come to market are still in need of renovations. Finishes vary widely, but common features include parquet floors, granite countertops and retro bathrooms. Adri shares one perk that’s in the works: “They're replacing the old windows and putting brand new ones in all of the units. There's no assessment because it's a very well-financed building. They have great cash reserves, so they have enough money to do that.” Part of the co-op’s great standing, Adri explains, is because of the building’s other revenue streams: owning part of the parking garage, as well as several ground-floor commercial spaces within the buildings. Those properties are mainly occupied by doctors, dentists and medical professionals. As such, shareholders also enjoy relatively low monthly maintenance fees.
Compared to nearby co-ops, these units are decently-sized and well-priced
Between the two buildings, there are over 600 units ranging from studios to four-bedrooms. A 400- to 600-square foot studio typically sells between $430,00 and $685,000, while a 600- to 750-square foot one-bedroom might cost anywhere from $610,000 to $1.1 million. Two-bedroom units measure between 1,000 and 1,200 square feet and have sold between $1 million and $2.1 million in recent years. Larger residences typically hover around 1,700 square feet and cost between $1.7 million and $2.5 million. “If you look at the co-ops on the West End, they’re going to be a little bit bigger for the same price because you’re farther away from Central Park,” Adri says. “Look in Central Park South, and the co-ops might be more expensive. These units are well-priced for what you’re getting. You might sacrifice a little bit of space, but you’re getting a premier location.”
Convenient to everything: recreation, culture, shopping, dining and transit
For many shareholders, proximity to Central Park is the main draw — it’s only a six-minute walk away. Right outside the park, The Shops at Columbus Circle has over 30 retail stores, 10 dining outposts and a Whole Foods for groceries. Residents can also attend shows at the Lincoln Center for the Performing Arts two blocks north of the co-op. Transit is plentiful, too: “People who live here love the convenience of moving around the city so easily. The express and local trains are right there, so it’s quick to go all the way up to Harlem or downtown.” The 1, A, C, B and D trains are all accessible from Columbus Circle, one block east, as are five bus routes.
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Quantarium
Current List Price
Sold Price
Area Factors
Moderate Crime
Crime Score®
6/ 10
Very Bikeable
Bike Score®
85/ 100
Walker's Paradise
Walk Score®
99/ 100
Rider's Paradise
Transit Score®
100/ 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score
WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.
Parks in this Area
Dante Park
4 min walk
Picnic Area
Damrosch Park
5 min walk
Picnic Area
Events
Richard Tucker Park
6 min walk
Picnic Area
Events
Samuel N. Bennerson 2nd Playground
9 min walk
Basketball
Playground
West End Park
11 min walk
Trails
Playground
DeWitt Clinton Park
13 min walk
Baseball/Softball
Basketball
Bike Trails
Hell's Kitchen Park
13 min walk
Basketball
Tennis
Trails
Clinton Cove at Hudson River Park
14 min walk
Boating
Picnic Area
Kayak/Canoe
Riverside Park South
15 min walk
Dog Park
Picnic Area
Soccer
Schools
Source:
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