Condos Now Available at New York’s Legendary Apthorp Building

New York’s legendary Upper West Side residential building, the Apthorp, now has 32 condos available for sale starting just above $1.5 million — a price reduction of 50%. The Apthorp occupies the entire block between Broadway, West End Avenue, 78th and 79th streets and will be undergoing a $30 million renovation in the upcoming months during a condo conversion process.

The prestigious building, once home to celebrities such as Al Pacino, Conan O’Brien and Nora Ephron,  has a September 15 regulatory deadline to sell 25 units (15% of the building’s inventory) otherwise the condo conversion process will be halted and the building will be reverted back to rentals.

“This is a once-in-a-lifetime opportunity to own a part of New York’s history at below market prices that will never be seen again – once we reach our conversion goal in September, prices will most certainly go up,” said Prudential Douglas Elliman chairman Howard Lorber in a statement last Tuesday.

“Once we reach our conversion goal in September, prices will most certainly go up,” says Lorber.

Whether this is true or not, garnering enough demand to keep the condo conversion afloat will be far from easy under the current market conditions in Manhattan.