Manhattan Condo With Two Master Suites

I will always be a hybrid city/nofo girl. It’s hard not to drool over this Manhattan condo. Check out the original post on WSJ

Michael Achenbaum, president of Gansevoort Hotel Group, knew what he was getting into when he bought two apartments in a high-rise in Manhattan’s Financial District. The building was converted to condominiums from rental units about 10 years ago, and Mr. Achenbaum says he paid $1.85 million in 2007 for both apartments with the idea of combining them. Mr. Achenbaum says he didn’t pay market rate for them because his family owned the building. Because his home is in the Financial District, the 43-year-old Mr. Achenbaum says he got more for his money. ‘My apartment is definitely something that would cost you double if it was in Tribeca,’ he says.

Mr. Achenbaum, who lives alone, says he spent less than $1 million combining the apartments—a project that took a year to complete. In effect, he says, the 15th-floor home has two master bedrooms on opposite ends. Faux beams provide lots of lighting, he says.

Mr. Achenbaum says he enjoys cooking and spends a lot of time in the kitchen.

The makeover included stairs to make the condo feel like a split-level home, says Mr. Achenbaum, who collects artwork.

Mr. Achenbaum’s bedroom. The 2,100-square-foot home with three bedrooms and three bathrooms is the largest in the building.

A fireplace in Mr. Achenbaum’s bedroom. On the terrace, which is also the largest in the building, is a shower and fully piped gas grill. Mr. Achenbaum says he had the shower installed so he can rinse off after sunbathing.

The walk-in closet off Mr. Achenbaum’s bedroom.

The master bathroom. Mr. Achenbaum says he is selling his condo because he doesn’t need all the space and because he is going to live in London temporarily while he oversees a construction project. He says he plans to eventually settle down in New York again.

The second master bedroom. ‘There is tremendous change that the neighborhood is going through,’ Mr. Achenbaum says. He cites the newly built World Trade Center transit hub, the reopened South Street Seaport and Brookfield Place, which has many retail stores. The neighborhood is earning a reputation of being a good place to raise children and has several schools, he says. Mr. Achenbaum estimates half the occupied homes in his building are families with children.

The property, listed with Nicole Birkhold, Aeen Avini and Sean Hughes of Town Residential, has an asking price of $3.995 million.

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Manhattan Condo With Two Master Suites

Michael Achenbaum, president of Gansevoort Hotel Group, knew what he was getting into when he bought two apartments in a high-rise in Manhattan’s Financial District. The building was converted to condominiums from rental units about 10 years ago, and Mr. Achenbaum says he paid $1.85 million in 2007 for both apartments with the idea of combining them. Mr. Achenbaum says he didn’t pay market rate for them because his family owned the building. Because his home is in the Financial District, the 43-year-old Mr. Achenbaum says he got more for his money. ‘My apartment is definitely something that would cost you double if it was in Tribeca,’ he says.

Mr. Achenbaum, who lives alone, says he spent less than $1 million combining the apartments—a project that took a year to complete. In effect, he says, the 15th-floor home has two master bedrooms on opposite ends. Faux beams provide lots of lighting, he says.

Mr. Achenbaum says he enjoys cooking and spends a lot of time in the kitchen. The makeover included stairs to make the condo feel like a split-level home, says Mr. Achenbaum, who collects artwork. Mr. Achenbaum’s bedroom. The 2,100-square-foot home with three bedrooms and three bathrooms is the largest in the building. A fireplace in Mr. Achenbaum’s bedroom. On the terrace, which is also the largest in the building, is a shower and fully piped gas grill. Mr. Achenbaum says he had the shower installed so he can rinse off after sunbathing.

The walk-in closet off Mr. Achenbaum’s bedroom. The master bathroom. Mr. Achenbaum says he is selling his condo because he doesn’t need all the space and because he is going to live in London temporarily while he oversees a construction project. He says he plans to eventually settle down in New York again. A second room of the master bathroom. The second master bedroom. ‘There is tremendous change that the neighborhood is going through,’ Mr. Achenbaum says. He cites the newly built World Trade Center transit hub, the reopened South Street Seaport and Brookfield Place, which has many retail stores. The neighborhood is earning a reputation of being a good place to raise children and has several schools, he says. Mr. Achenbaum estimates half the occupied homes in his building are families with children.

The property, listed with Nicole Birkhold, Aeen Avini and Sean Hughes of Town Residential, has an asking price of $3.995 million.

Location:

Manhattan, United States
Price: $3,995,000

This condominium in Manhattan’s Financial District is two apartments combined, has a big terrace and is located in a family-oriented neighborhood.—Stephen Lee