Posted on June 13th, 2012
Matt Amico reports that another apartment has sold for a record price at The Caledonia, located at 450 West 17th Street, the full service, Taconic/Related-developed building in West Chelsea abutting the Highline Park.
Closed for $ 5,35 million (that’s over $ 2,400/sf) this sale proves yet again how the high-floor mega-view units at The Caledonia trade at a premium, setting pricing records even when compared to more ‘big-name’ buildings with river and park frontage and more daring architecture. Why is this? Is it the true full services delivered? Is it the West Chelsea location that also benefits from close proximity to subways, the Meat-packing District, Chelsea market and the Hudson River Park? Is it the parking? It’s walking distance to the GOOGLE offices?
“Maybe it’s all of the above,” says Matt Amico, a Vice President of Prudential Douglas Elliman, Luxuryloft team member and building specialist who also is a building resident. “Views, location and quality of services always produce a premium: this apartment had it all.”
Tags: 450 West 17th Street, Douglas Elliman, Luxuryloft team, Matt Amico, Prudential Douglas Elliman, The Caledonia, The Highline Park, west chelsea
According to the National Taxpayers Union, about 30% of properties in the U.S. are assessed at higher values than they are really worth. That means their owners pay inflated property tax bills while other taxpayers in their towns reap the benefits.