(New York, NY ) — NoMad—north of Madison—is about to get taller. The ultra-tall skyscraper, a mixed-use 54-story at the southwest corner of Fifth Avenue and 29th Street, will most probably be the tallest structure between Midtown and Downtown. That’s because the tower is 928-foot-tall; Boris Kuzinez, an Israeli-Russian billionaire, submitted plans for the building last week.
How Much You Need To Shell Out
Situated between the up-and-coming NoMad area and the trendy Flatiron District, there will be 41 units on sale for around $3,622,500, which is the median price. At this spacious luxury building you don’t have to downgrade, as the units are all expansive, topping off at $2,164 per square foot. In comparison with comps around 262 Fifth Avenue, the median showed that, although it is excessive and expensive, that other skyscraper units in the area carry similar square feet–$2,164 per square foot—per apartment.
Barel has been appointed as the owner’s representative and the tower has said to cost $101.8 million. If that’s not impressive. Kuzinez also let go of a considerable money, which is $5.8 million spent on air rights from surrounding properties. Mario Yao of SLCE Architects applied for the permits.
Looking South Towards Downtown Manhattan
The mixed-unit skyscraper will significantly change the majestic sky views, altering it so that one day we won’t even be able to see the top as skycrapers like 262 and many others are erected. The building has 10,850 square feet of retail for the first two floors of the tower. The rest of the building may comprise a mass of condo residences, where full-floors or duplexes will be the norm. The units will rise from the fifth floor to the 52nd. As most luxury buildings, 262 Fifth Avenue has the requisites, including a fitness center, a swimming pool, a fourth-floor outdoor terrace, a shared rooftop terrace, and a 14-car garage.