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Thread: The Metro- 301 W 53rd Street- Rental

  1. #1

    Default The Metro- 301 W 53rd Street- Rental

    Anyone have any information about the Metro at 53rd street? It seems they are still renovating their lobby and public area. Anyone know if they have a good management team? This place used to be a rental apartment and had pretty bad reputation. I am wondering if it's still under the same management team?

  2. #2
    NYC Aficionado from Oz Merry's Avatar
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    HFZ's Affordable-for-Midtown Condos Start at $1.1 Million

    February 13, 2015, by Jeremiah Budin



    Name: Fifty Third and Eighth
    Address: 301 West 53rd Street
    Developer: HFZ Capital
    Design: BP Architects
    Size: 25 stories, 252 units
    Prices: $1.1 million to $3.25 million
    Sales & Marketing: Douglas Elliman Development Marketing

    Though it may seem a bit contradictory to call a building "affordable" when it contains 252 apartments and none of them are priced lower than one million dollars, HFZ Capital's rental-to-condo conversion on West 53rd Street is pretty much the cheapest new construction in the area. Sales just launched, with eight of the BP Architects-designed units listed for between $1.135 million and $1.87 million. According to a press release, the most expensive units will be priced at $3.25 million. The building has also been given its customary silly name that no one will ever use: Fifty Third and Eighth.









    Fifty Third and Eighth [official]
    Listings: Fifty Third and Eighth [Streeteasy]

    http://ny.curbed.com/archives/2015/0...llion.php#more

  3. #3

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    They should have razed this eyesore.

  4. #4

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    I remember when I was working in real estate this area was one of my haunts and the Metro was always one of the more "affordable" rentals in the area... and one of the most bland and boxy. Those renderings are seriously the lowest common denominator in terms of materials and design. You're right, londonlawyer, they should have torn it down.

  5. #5
    Crabby airline hostess - stache's Avatar
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    Do you think there is some zoning law that kept it from being destroyed?

  6. #6
    Fearless Photog RoldanTTLB's Avatar
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    I mean, it's probably using most/all/more than allowed of the FAR on site as it is. To build new, you'd need to add enough additional and more valuable square footage to justify the immense costs of tearing down such a large building. That's a bit of a stretch, I imagine. It's not such prime territory that you could blow a 432 park out the door and ask $13,000/sf.

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