Condo of the Day: 515 5th Avenue
So far, greenbacks have been following a green development into the Slope: Most of the units at 5 One 5, an environmentally friendly condo (and former advertiser) at 515 5th Avenue, have been snapped up since the development hit the market this April. The first 10 units at the building—which has a green roof that’s…
So far, greenbacks have been following a green development into the Slope: Most of the units at 5 One 5, an environmentally friendly condo (and former advertiser) at 515 5th Avenue, have been snapped up since the development hit the market this April. The first 10 units at the building—which has a green roof that’s meant to sidestep drainage problems caused by heavy rains and also boasts more quotidian eco-happy features like bamboo flooring—are now in contract. Now the final five units in the condo (all of them on the top three floors) are also on the market, and the price tags are steeper than the $650- to $700-a-square-foot the first 10 units were asking this spring. The remaining apartments are ranging from $779,000 for a 960-square-foot two-bedroom, two-bath to $1.2 million for a 1,100-square-foot three-bedroom, two-bath. Given the speed with which the first condos sold, we’re betting the last five aren’t going to have too much trouble fetching $800+ a foot. It’ll be interesting to see whether other developers in and around the Slope (on 4th Avenue, say) take a cue from 515’s success and also start going green.
515 Fifth Avenue: The Slope Goes Green [Brownstoner] GMAP
5 One 5 Condominiums [Aguayo & Huebener]
they are selling perfectly fine, 2:49 so i’d say you are wrong.
way too high psf price. it’s just not deeper than that.
From the looks of the web site plans the units are very spacious. Compared with the 4th Avenue crap on the market, these apartments are downright huge. Including the outdoor space, not a bad price for what you get. Do they have that tax abatement thing as well?
2:21,
Funny
Sincerely,
1:54
Good points, 1:54! Also, is the building “off the grid”?
I think it should be powered off the grid, self-sustaining with sustenance crops grown on the roof and a private water source, and equipped with defense systems to repel ravenous mobs when the peak oil crash hits and the electrical and heating systems shut down in NYC.
I would pay 1000/sf for that.
z,
very funny!
I would like to know what else is “GREEN!” about this building.
Is it super-insulated both to the outdoors and between apartments?
Was it designed and construction managed to avoid heat bridging the interior spaces to the outer skin?
Sound attenuation spec’ing and carry through in construction, both for outdoor and indoor noise?
Are the windows properly engineered and scaled? Triple pane? Etc.? Are the frames insulated or are they heat bridges?
Recycled materials used?
Fly ash in the concrete?
Properly managed construction, construction site, and off-site prefab facility practices leading to efficiency, waste reduction and recycled materials?
Gray water handling? Black water handling?
Solar orientation…is it well thought out? I see no way to shade windows (louvered panels or overhangs). Will east and west windows lead to overheating in spring/summer/fall? Is winter sun maximized?
Solar hot water?
Is heating run off methane, oil?
Ground source heat pump?
Heat exchanger air handlers?
Heat recouping from waste water?
Centralized heating plant with high efficiency?
WHAT IS the estimated kilowatthours/annual square meter on this project? Only by comparing this to standards would allow us to determine its “greennessâ€.
And a word on bamboo flooring:
They are not necessarily “environmentally friendly”. There are a lot of issues at play with this material: labor conditions, massive water use (freshly cut bamboo must be rinsed in flowing water for a long, long time to remove carbohydrates), adhesives and coatings, underlying substrate if it is a layer of bamboo glued to wood or engineered wood, shipping from the other side of the planet. Hardwoods from the Northeast require less invested energy and support local/regional businesses and jobs. The Northeast has relatively well-managed forestry.
Heat exchangers?
Solar orientation?
Solar hot water?
Ground source heat pump?
Centralized heating plant with high effiency?
Is heating run off methane or oil?
A word on bamboo floors…
They are not necessarily “environmentally friendly”. There are a lot of issues at play with this material: labor conditions, massive water use (freshly cut bamboo must be rinsed in flowing water for a long, long time to remove carbohydrates), adhesives and coatings, underlying substrate if it is a layer of bamboo glued to wood or engineered wood, shipping from the other side of the planet. Hardwoods from the Northeast require less invested energy and support local/regional businesses and jobs. The Northeast has relatively well-managed forestry.
I agree with 12:56 completely. I just moved to the area about two months ago because I found a great place I could afford and it seemed realtively safe.
Everyday I am delighted to experience the charm and diversity of the neighborhood, nearby amenities and convinient transportation.
I also checked out the building at an open house and found it to be fairly nice with nice finishes and amenities except for the aforementioned lack of closets. However, I dont see how the asking prices fit this area…Yet.
i for one really appreciate that the broker included a large-size version of the “5 one 5” logo among the six images on the listing. seeing a magnified version of the building logo is very helpful to assessing the appeal of a home! it’s also great to see the artist’s rendering of the exterior even after the building has been built. so many brokers get hung up on showing multiple views of the interior space — i appreciate that a&h is focusing on the points that really matter.