Friday, March 9, 2007
the uptown west report (338 kb .pdf)
upper west side: I had the recent pleasure of introducing one of its newest shareholders to this co-op building at 320 West End Avenue. It was designed by Rosario Candela, the Sicilian born immigrant, who's work defines the luxury of a by-gone era, still much sought after today by some of New York's wealthiest residents in the pre-war apartment buildings of Park Avenue, Fifth Avenue and West End Avenue. His work includes the famous 720 Park Avenue, The Stanhope Hotel, and 41 Fifth Avenue downtown, among many others in his prolific career. It is no surprise that our report for the Upper West Side, with many Candela and other classic buildings, saw appreciation in these highly sought after co-ops of +14% in 2006. The largest apartments in the luxury, three bedroom and larger category, increased by 23% on average.