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Brokers Weekly

Deals that add up at 650 Sixth Ave.

Published: 10/1/2008Source: Brokers Weekly

In prime Chelsea, there are a precious few condominiums available that offer enough space to accommodate today's modem family.

 

Now though, through a limited-time opportunity, Penterium, the residential real estate arm of Kumkang Housing Corporation, is addressing this demand at 650 Sixth Avenue Loft Condominiums, its landmark luxury prewar residence at the comer of 6th Avenue and W20th Street.

 

By offering buyers the opportunity to combine select residences at 650 Sixth Avenue, buyers with grander space needs are afforded the opportunity to purchase condominiums with over three bedrooms - a true rarity in Chelsea - at prices that are unparalleled by any other luxury community in the neighborhood.

 

And, buyers who decide to combine apartments at 650 Sixth Avenue can still enjoy immediate occupancy.

 

"Whether it is to accommodate growing families or the needs of buyers who desire additional space, 650 Sixth Avenue is able to offer a true rarity in Chelsea through a limited-time opportunity to combine select apartment homes," said The Corcoran Group's Joseph Bongiovanni, co-director of sales at 650 Sixth Avenue along with Julie Pham, also of The Corcoran Group.

 

"The combined apartments at 650 Sixth don't carry the premium that larger residences typically do, meaning buyers are able to spend less per square foot for a combined residence at this building than a larger residence in a comparable Manhattan luxury condo."

 

At 650 Sixth Avenue, existing three-bedroom apartments are up to1,972 s/f and feature protected views and the best sightline in the building. But the ability to combine residences is what sets 650 Sixth Avenue apart from many other communities - possible four- to seven-bedroom combinations exist. These opportunities include an exclusive chance to combine the two penthouse apartments still available for purchase.

 

Four-bedroom combinations start at 3,008 s/f and are priced from $4.89 million.  Five-bedroom combinations are from 3,496 s/f with prices starting at $5.69 million. Six- and seven-bedroom combinations are available from 3,496 square feet with prices starting at $7.18 million.

 

Also currently available are select studios and one-, two- and three-bedroom residences with an added home office in almost every apartment, as well as penthouse apartments that include private outdoor terraces of approximately 2,000 s/f in size. These residences range in size from 749 to 1,972 sift, with prices from the mid-$900,000s to $6 million.

Move-ins have already started at 650 Sixth Avenue. Amenities include a rooftop sun deck, fitness center and concierge.

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