Condominium residences above an operating Ritz-Carlton hotel — a mixed-use hotel-and-condominium tower · 2001
The Residences at The Ritz-Carlton New York, Battery Park
10 West Street, New York, NY 10004
Buildings·Battery Park City·Condominium residences above an operating Ritz-Carlton hotel — a mixed-use hotel-and-condominium tower

The Ritz-Carlton Residences (10 West Street)

10 West Street, New York, NY 10004

At a glance
Year built
2001
Type
Condominium residences above an operating Ritz-Carlton hotel — a mixed-use hotel-and-condominium tower
Units
114
Floors
38
Landmark
No
Pets
Pets permitted under the condominium framework

The Residences at The Ritz-Carlton are Battery Park City's flagship luxury address — the neighborhood's only branded-residence tower, at its southern tip where the Hudson meets the harbor. Built by Millennium Partners and completed in 2001, the building executes the firm's signature model: for-sale condominium residences set above an operating five-star hotel, with the hotel's service infrastructure extended to the residents above. It is the highest-end building in Battery Park City and sits at the top of the neighborhood's price tier.

The architecture is by Gary Edward Handel + Associates (today Handel Architects), with Polshek Partnership Architects as associate architect — a brick-and-glass tower on a granite-and-glass podium, composed, in the architect's own description, of large and small elements that relate to the existing buildings of Battery Park City and their harbor-front location. The base is a genuine civic asset: the Skyscraper Museum occupies ground-floor space within it, a small institution devoted to the history of high-rise building that opened in its permanent home here in 2004. As the southernmost residential tower in Battery Park City, the building gives its better lines unobstructed outlooks across New York Harbor to the Statue of Liberty and Ellis Island.

The ownership structure has two layers worth understanding together. First, this is a condominium: the residences are individually deeded and traded, with an active resale market. Second, like every Battery Park City building, it sits on land leased from the Battery Park City Authority; ground rent and PILOT (payments in lieu of taxes) flow through common charges rather than a conventional property-tax bill. The hotel relationship is the third defining factor — it is the source of the building's service package and its premium, and it is also part of what a buyer is underwriting.

Architecture and unit composition

The tower rises approximately 38 to 40 stories, with the hotel on the lower floors and the condominium residences above. The residential units range from one- and two-bedroom apartments through full-floor penthouses, with finishes specified to the building's branded-luxury positioning — marble-lined foyers and motorized window-shade systems among the cited features. View altitude is the defining variable: the building's harbor-front, southernmost position opens Statue of Liberty, Ellis Island, and open-harbor sight lines from its upper and water-facing lines, and those exposures carry the building's premium. A harbor-view restaurant occupies an upper floor of the base.

Building operations

The building's distinguishing feature is direct access to Ritz-Carlton hotel services in addition to a standard luxury-condominium amenity set: hotel concierge and 24-hour doorman, in-residence dining and room service, spa and fitness, available housekeeping, a residents' lounge, a business center, a children's playroom, meeting and banquet space, on-site dining, and a full-service parking garage. This hotel-integrated service model is the principal reason buyers choose the building, and it is the feature that supports its position at the top of the Battery Park City market. As with all Battery Park City buildings, the operating budget carries ground rent and PILOT, which sit inside common charges. The offering plan and the ground-lease materials available for this building are held in The Roebling Research Library and shared with clients during diligence.

What to know if you’re buying

Underwrite the ground lease and the full carry. Common charges here bundle ground rent and PILOT alongside the building's hotel-grade service costs, so the headline price understates total cost of ownership. Run the True Monthly Carrying Cost Calculator on the specific unit. Your attorney should review the lease documents; we provide what is on file from The Roebling Research Library.

The hotel relationship is the building. The service package is the reason to buy here, and it is also part of what you are underwriting — model the cost of the amenity infrastructure, not just the apartment. Buyers who want a pure residential building with lower carry should weigh the neighborhood's other condominiums; buyers who value five-star service find this building's program unmatched in Battery Park City.

View altitude is the price. The southernmost-tower harbor position is the building's defining asset, and the spread between high water-facing lines and lower interior exposures is wide. View the specific unit, and price it to line-and-floor history.

Mansion-tax cliffs apply at this tier. At Ritz-Carlton Residences pricing, multiple cliff thresholds routinely apply. Run pricing through the Mansion Tax Calculator.

Condo mechanics are a genuine flexibility. Condominium transfer mechanics apply — no co-op board interview — which suits international and pied-à-terre buyers. Pets, pieds-à-terre, and subletting are all permitted under the condominium framework.

What to know if you’re selling

Sell the service story and the documents together. The Ritz-Carlton relationship is the marketing premise; the ground lease is the diligence question. Address both early — put the hotel-service package in front of buyers and the lease documents in front of their counsel.

Marketing rewards reach. The buyer pool is national and international; access to broker networks beyond the neighborhood is material at this price tier.

Pricing requires apartment-level context. Sales here are heterogeneous — view altitude, floor, exposure, and configuration all drive variation. Price to line-specific history rather than building averages.

Comparable buildings

If you're considering 10 West Street, also evaluate:

The Roebling Team at The Residences at The Ritz-Carlton New York, Battery Park

The Roebling Team at Compass works Battery Park City and the broader Financial District waterfront as a core practice area, with particular depth in ground-lease diligence and the mechanics of branded hotel-condominiums — the two issues that decide outcomes at this building. We publish this building profile because Ritz-Carlton Residences buyers and sellers deserve building-specific intelligence — lease documentation, the hotel-service relationship, and apartment-level comparables — not generic neighborhood commentary.

If you're considering a transaction at 10 West Street, a 30-minute consultation is the right starting point.

The neighborhood

For the full corridor — architecture, schools, transit, and pricing across Battery Park City — read The Roebling Team Guide to Battery Park City.

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Corey Cohen, Principal · The Roebling Team at Compass
646.939.7375 · c.cohen@compass.com