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]
I love how the website promo photos of this “green” building include a display of about 30 bottles of pellegrino. I though bottled over filtered tap was the latest no-no for those who think they are saving the earth.
A bit short on closets and storage, don;t ya think?
i want the salvation army back.
Dear Jaded at 1:04:
With typical construction materials, indoor air quality is considered to be 10 times more polluted than the outdoor environment. In order to provide cleaner indoor air, the developers of 515 have chosen materials manufactured with water-based adhesives and low VOC formulas wherever possible. These materials include:
Bamboo flooring and upper kitchen cabinets – contains no VOC’s
Aiko kitchen cabinets by B&B Italia – made with low-emission resins and glues and no-emission varnishes
Benjamin Moore Eco-Spec paint – contains no VOC’s
Fireslate countertops – contains no VOC’s
Whenever possible, the developers have selected products manufactured using “green” practices. “Greener” products and practices include:
Green planted roof – 515’s green roof is lush and functional. When heavy rain hits New York, the city’s sewage system can become overloaded with storm run-off, and raw sewage overflows into our surrounding waters. The green roof helps slow storm water drainage, and also reduces “heat island” effects in summer.
Energy credits – The developers will purchase renewable energy credits to offset electrical usage in common spaces for one year.
Bamboo flooring and cabinets – Bamboo is a fast-growing renewable resource harvested from managed forests.
Linoleum tile flooring – This material is made from cork powder, primarily a scrap from other manufacturing processes, and does not contain PVC’s as found in vinyl tile products.
Fireslate countertops – Made using 15% recycled materials, Fireslate recycles over 50% of its manufacturing waste.
Toto WC – Toto is an award winning manufacturer of plumbing products that recycles 100% of its manufacturing waste. Toto also leads the industry in developing fixtures that conserve water.
Bosch Energy-Star rated dishwasher
Fisher Paykel refrigerator – This refrigerator features “Active Smart” refrigeration system which saves 40% of the energy used in previous models and uses no ozone-depleting chemicals.
Solar – power exterior lights
It’s certainly a good start!
Went to their open houses. Building has nice finishes and the area is up and coming, but I think you can get lot more for your money in the South Slope. The huge terrace in the 3BR might have got me, though, if the price was closer to a million.
$1.2 MM for an apartment with a 10×14 “master” bedroom and no place to put a dining table? NUTS!
I didn’t find the ceiling height for this project. Does anyone know? And also, is it concrete floors and ceilings (thickness?) or wood beams and planks?
Please , somebody tell what these people are smoking (seller AND buyers)! I understand you pay a premium for eco friendly stuff (just like when you go to the supermarket…) but $1,000/sf?? Do people even realize where this place is? I give up…
Hi Peg!