By Carter B. Horsley
This 21-story, red-brick residential condominium
building replaced the handsome, 9-story red-brick Sheraton Russell
Hotel in 2006.
SJP Residential Properties of Parsipanny, N.J., of which Allen
Goldman is the president, acquired the former 146-unit hotel that
had been erected in 1923 from Starwood Hotels & Resorts Worldwide
in late 2004 for about $40 million, or $275,000 a room.
Costas Kondylis is the architect for the new building.
The prime Murray Hill site is directly across Park Avenue from
the impressive, red-brick, Georgian-style, Union League Club and
it is one block east of the Morgan Library, which underwent a
major expansion in 2006.
The new building has 106 apartments and a two-story-high entrance
with glass marquee that is angled upwards flanked by pairs of
The large lobby has Crema Marfil and Oro Toscano marble floors
and surrounds, Moazamique wood walls, oil rubbed bronze accents,
and a package room with delivery refrigerator. The building has
a two-story rusticated limestone base, sidewalk landscaping, and
a concierge and a doorman.
Most of the apartments have juliette balconies in most major rooms
and ceilings of 9 to 10 feet in living and bedroom areas with
nearly 9-foot-high windows. Apartments have Iroko hardwood floors,
individually-controlled heat and air-conditioning and two multi-media
ports in every living area. Apartments also have full-size GE
washers and vented dryers.
Kitchens have Jet Mist granite countertops, Viking Professional
series stainless steel ranges, Sub-Zero refrigerators with ice-makers
and double-drawer freezers, Viking dishwashers, GE Monogram stainless
steel microwave ovens, custom wood and etched glass kitchen cabinetry,
full-height etched glass backsplashes, Kohler stainless steel
sinks, GE in-sink garbage disposals, multi-media ports in the
kitchens and under-cabinet task lighting.
Master baths will have cedar marble floors and countertops, full
height Desert Cream marble walls and tub deck, glass enclosed
stall showers, Anigre wood vanities with double under mounted
Kohler sinks, Robern recessed triple-door mirrored medicine cabinets,
and multi-media ports.
The building also has a 21-space, "self-parking" garage,
a health club and a residents' lounge with a terrace.
Two-bedroom apartments with two-and-a-half baths and about 1,430
square feet were priced initially at about $1,910,000 with common
monthly charges of about $1,695 and monthly real estate taxes
of about $850. One-bedroom apartments with one-and-a-half baths
and about 900 square feet were priced initially at about $1,155,000
with common monthly charges of about $1,075 and monthly real estate
taxes of about $515.
SJP Properties is also developing a condo tower at 750 Eighth
Avenue that it has recently given a new address, 247 West 46th
Street, and a new name, "Platinum."