Built in 1900, this former SRO was gutted to the studs in 2008 and has become an instant landmark under the direction of Calvert Wright/Spatial Discipline. The property is an instant classic in the neighborhood for its hanging gardens from the terraces and unique triplex "crown." Across the street is one of the largest office deals in NYC history: Google's purchase of the Port Authority building, making this neighborhood the nexus of all New Media on the East Coast. Flanked by excellent transportation, legendary restaurants and nightlife, the High Line and the Meatpacking District, 342 West 15th Street is in the best Downtown location, and is probably the best investment property on the market.