Zaha Hadid-designed NYC Building Penthouse to be sold for $35 million

Posted by Rapti Gupta on Jun 03, 2014 04:54 AM EDT
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A rendering of the building at 520 West 28th Streetmore big
A penthouse in New York City’s first Zaha Hadid-designed building will be sold by developer Related Companies for $35 million, sources reveal. (Photo : Zaha Hadid Architects Official website)

A penthouse in New York City's first Zaha Hadid-designed building will be sold by developer Related Companies for $35 million, sources revealed.

The 6,391-square-feet unit - Penthouse 37 - is the most expensive apartment of the upcoming structure at 520, West 28th Street. The Real Deal got hold of some of the renderings of the condos.

Plans reveal that the penthouse will be a duplex residential expanse with five bedrooms and six full and one half bathroom. The residence will also have a 334-square-foot balcony and a private terrace spanning an area of 2,297 square feet.

The owner of the unit won't just have to shell out the lofty price but will also have to pay $330,000 in annual carrying charges. The electricity bill for the apartment is expected to amount to about $41,000 a year!

Two other penthouses will also be available in the building. Penthouse 38 - a three bedroom with three and a half bathrooms is being offered for $12 million and Penthouse 39 - a four bedroom with four and a half bathrooms is being offered for $17 million.

In July 2013, Zaha Hadid and her team revealed renderings of the residential building. An earlier feature on Realty Today read:

"The condo building will be an 11-storey structure with 37 apartments. All the homes will be up to 5,500 square feet large with 11-feet ceilings, tailored interiors and fitted with modern fittings and fixtures. The building will also have core elevators, with most apartments having access to private vestibules that lead right into the homes. All the homes will have spacious terraces that will provide beautiful views of the city.

The building will also be stuffed with luxury amenities like ample recreation space for the residents, a large garden, an indoor pool and spa, playrooms and other entertainment facilities."

In accordance with its prior revelations, the builders have now acquired construction permits from the city and the specs come from the documents filed with the city's Department of Buildings.

The builders will reportedly add a 10,000-square-feet retail space, complete with restaurants and a gallery. The residential structure will also have a 75-feet lap pool and a sauna with private beds, hot and cold waterfall showers and other such luxury amenities.

Check out some floor plans here. Also, find a full list of the condos, their prices and sizes here.

A competetion was held to solicit designs for the building and Zaha Hadid Architects won. While the designs of the building look spectacularly "Zaha," her team noted that conceptualizing a unique structure for a constrained site like the one at 28th Street was tough.

"When we saw the [zoning] volume, we thought, "Oh my God, how are we going to do this? This is very, very constraining,"" said Patrik Schumacher, Hadid's business partner, to the NY Mag in a prior interview. "Initially, all our proposals violated the code."

Commenting on her first Big Apple project, Hadid added:

"I am absolutely thrilled to finally mark the city with my signature. I think I have designed something that fits well into the city that is very New York, and yet will also help to transform the city going forward."

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