Naftali Group, a number one privately held international actual property growth and funding agency based mostly in New York, right now introduced that closings have commenced at The Bellemont at 1165 Madison Avenue with the record-breaking $67.8M Penthouse C being the primary residence to shut. This extremely anticipated luxurious condominium brings a restricted assortment of 11 residences to probably the most fascinating a part of the Higher East Facet. Designed by award-winning architectural agency Robert A.M. Stern Architects with interiors by Achille Salvagni, the absolutely offered boutique condominium is almost full and is now open to residents after launching gross sales within the fall of 2021. Compass Improvement Advertising and marketing Group dealt with gross sales and advertising for the constructing.
“The Bellemont presents a one-of-a-kind residential expertise, and we’re happy to have reached this important milestone and welcome house our first residents to this timeless Higher East Facet constructing,” stated Miki Naftali, CEO and Chairman of Naftali Group. “Becoming a member of The Benson as our second ground-up new growth on Madison Avenue, The Bellemont has been met with the same overwhelming response from consumers who acknowledge the worth of this distinctive property we now have created right here. With its world-class design, unparalleled location, elegant residences and club-like facilities, The Bellemont is a prized addition to Madison Avenue.”
Gross sales at The Bellemont constantly topped weekly market stories and inside 5 months of launching, the constructing reached full sell-out. In November of 2021, the mission made headlines for its record-breaking $67.8M sale of Penthouses C and D, the constructing’s crowning duplex penthouses comprising 4 full flooring and over 13,000 sq. toes. This combo unit deal is believed to be amongst the costliest transactions ever recorded above 59th Avenue on the Higher East Facet and broke the document for the very best PPSF on this a part of town, with a blended sellout of over $4,000 per sq. foot. The spectacular quadruplex penthouse is the primary residence to shut at The Bellemont.
Positioned on the nook of Madison Avenue and 86th Avenue and only one block from Central Park, the 13-story, Robert A.M. Stern Architects-designed constructing creates a brand new architectural legacy on the Higher East Facet. Paying homage to the neighborhood’s distinct magnificence, The Bellemont contains a stately hand-laid Indiana limestone and iron-work façade and welcomes its residences by means of intricate metalwork doorways. Inside, it boasts a set of 11 elegant houses starting from half-floor, full-floor, duplex and penthouse residences.
The Bellemont marks internationally acclaimed inside designer Achille Salvagni’s first full-building residential mission inclusive of the residences and shared amenity areas. Having additionally designed the jewel field foyer and cinema at Naftali’s condominium on Madison Avenue, The Benson, Salvagni – who is understood for his work on super-luxury yachts and high-end non-public residential initiatives around the globe – graced The Bellemont with beautiful particulars and modern conveniences all through. The Bellemont options balanced interiors that play up the grand scale of residences and create particular moments inside every of the curated amenity areas.
Complementing the constructing’s classical masonry façade, the residences’ grand proportions, hovering ceiling heights and views of Central Park by means of monumental home windows, make these huge houses a notable addition to town’s architectural historical past. Choose residences function non-public entry foyers, custom-designed limestone fireplaces and beneficiant non-public out of doors areas with custom-designed railings and detailing.
Residents of The Bellemont get pleasure from a beneficiant array of facilities for wellness, leisure and leisure. The providing features a state-of-the-art health middle, a personal cinema with a moist bar, an impressed kids’s playroom, a regulation squash courtroom and a rooftop lounge with expansive Central Park views. The beautiful foyer at The Bellemont, which options custom-designed terrazzo flooring with white marble leaf inlays, a fantastic ceiling with built-in lighting and a {custom} chandelier together with bespoke furnishings by Salvagni, can be attended 24 hours with a doorman and concierge.
Located in probably the most extremely coveted and pristine enclaves of the Higher East Facet, The Bellemont is surrounded by picturesque streets and delightful townhouse blocks, with New York’s iconic Central Park simply moments away. Manhattan’s famed cultural establishments corresponding to The Metropolitan Museum of Artwork, The Guggenheim and The Frick Assortment are additionally close by, in addition to Madison and Fifth Avenue buying locations.
The Bellemont additionally options prime retail house positioned on the bottom flooring of the posh condominium with unbelievable ceiling heights. Beth Rosen and Emily Kripitz Simmonds of RIPCO Actual Property are at present dealing with the leasing and sale efforts.
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