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Condominium · 2005
The Link
310 West 52nd Street, New York, NY 10019

310 West 52nd Street (The Link)

310 West 52nd Street, New York, NY 10019

BBL 1010427502 · BIN 1087538

At a glance
Year built
2005
Type
Condominium
Units
215
Floors
42
Landmark
No
Pied-à-terre
Allowed

The Link is what the last pre-crisis Manhattan development cycle produced on a mid-block Hell's Kitchen lot: a tall, thin glass tower on a small footprint, built to the maximum the site and its purchased air rights allowed. Elad Properties assembled the parcel in 2005 — the low-rise SIR Studios building, plus development rights from the hotel property next door — and delivered 215 apartments over roughly 208,000 square feet of residential area on a 10,042-square-foot lot. The first residential closing was January 18, 2007. The architect was Costas Kondylis, whose body of work runs to roughly eighty-six Manhattan residential towers, and whose office here produced something quite different from his limestone-clad work further east: a floor-to-ceiling glass envelope, an illuminated crown, and a clear-glass cube set into the base as the entrance.

That cube is the building's signature and, unusually, it is also a documented line item in the capital record. The 2019 financial statements on file show a front-entrance glass replacement completed at a cost of $135,824 — a reminder that on a building of this vintage the glazing is not just an aesthetic choice but a maintenance obligation.

The most important structural fact for a buyer is one the public record obscures. City records list 424 units at 310 West 52nd Street, which looks like a much larger building than it is. The audited financials resolve it: 215 residential units and 209 storage units. The storage lots are separately deeded and separately assessed, which is what inflates the unit count on the tax roll and gives the property a mixed condominium building class in city files. The Link is a straightforward residential condominium with an unusually large deeded-storage program attached. It is not a rental building operating inside a condominium wrapper, and there is no residential rental component. ACRIS shows individual deeds across the full range of unit lots, and the only rental line in the 2019 statements is roughly $47,000 a year against $2.9 million of common charges, which is a licensing or ancillary-space figure rather than an apartment rental program.

The storage inventory has since become a small balance-sheet story of its own. In December 2018 the condominium itself acquired thirty-one storage units at an assigned valuation of $490,000, recorded as contributed capital, and has been selling them down; three sold in 2019 at a net gain. The condominium also owns the resident manager's apartment, carried at $850,000 and financed by a small Capital One mortgage originally written at $533,000, extended in 2017 to a maturity of August 1, 2022 with a balloon of roughly $425,000. That maturity has passed. Ask the managing agent what happened to it — refinanced, paid off, or extended again — because it is the only real debt the association carries and the statements on file predate the answer.

The last piece of history worth knowing is resolved but should not be discovered at the closing table. On December 10, 2010 the condominium filed suit against the sponsor over alleged construction defects. The litigation was settled amicably in 2018; the 2018 statements carry $124,510 of legal fees attributable to it. A sponsor-defect action is common enough on 2006–2007 vintage Manhattan towers, and this one ended without the years of assessments that sometimes follow. It is still the right question to ask about what was fixed, when, and at whose cost.

Architecture and unit composition

The building rises on a 10,042-square-foot mid-block lot to approximately 216,000 square feet of floor area, a built floor-area ratio of about 21.5 — far above the 6.02 residential FAR the underlying district permits, and only achievable through the transferred development rights that came with the site assembly. That arithmetic explains the building's proportions: a narrow floorplate, a small number of apartments per floor, and a great deal of exterior wall per unit.

The apartment stock is 2000s luxury new construction with a specification list that was ambitious for its moment: floor-to-ceiling glass, ceiling heights reaching into the low- and mid-teens in the upper-tier units, Poggenpohl cabinetry, Sub-Zero and Bosch appliances, bluestone counters, and Duravit bathroom fixtures. Exposures are the dominant value driver inside the building. Low-floor apartments look into a dense mid-block condition; upper floors clear the surrounding roofline and pick up river, Midtown and Central Park sightlines depending on orientation. The difference between a low-floor and a high-floor line on the same stack is larger here than the square-footage difference suggests, and it should be priced that way.

Every residence was offered with private cellar storage, which is why the condominium carries so many storage lots. Confirm whether the storage assigned to a specific apartment is a deeded unit conveyed with the sale, a separately purchased unit, or a licensed space — the three have different consequences at resale and in the mansion-tax calculation.

Building operations

The Link operates as a full-service condominium with 24-hour doorman and concierge coverage, a live-in resident manager, and a fifteen-person staff under the 2020 budget on file. The amenity package — double-height fitness center, two landscaped terraces, garden courtyard with reflecting pool, central laundry — is calibrated to a 2007 luxury condominium rather than to the amenity arms race of the 2015-onward towers. The building is not a pool-and-valet property and does not price as one.

The financial posture in the last statements on file is sound. Cash and equivalents stood at approximately $4.9 million at December 31, 2019, against total liabilities of roughly $1.1 million, most of which was the small mortgage on the resident manager's unit. Common charges ran about $242,600 a month and were budgeted flat into 2020. Notably, the operating budget carries a separate reserve-funding assessment set at roughly ten percent of operating expenses expressly to satisfy Fannie Mae project standards — a deliberate choice that keeps the building warrantable for conventional financing and directly affects a buyer's mortgage options. Ask for the current-year budget and confirm the line is still there.

The capital agenda is the exterior. Major repairs and replacements ran $643,003 in 2019, of which $361,201 was an exterior restoration then in progress, and the condominium was committed to approximately $780,700 more to complete it. Elevator upgrades, a service-entrance upgrade, security and equipment work, and gym and lobby-bathroom renovations were completed in the same cycle. Request the reserve balance, the current capital plan, the FISP/Local Law 11 cycle status on the curtain wall, and the last two years of board minutes. On an all-glass tower approaching twenty years of age, façade and window-wall condition is the single most consequential diligence item.

Recent sales

The Link trades in the Hell's Kitchen contemporary-condominium tier: below the Billionaires' Row and Hudson Yards new-development pricing on dollars per square foot, above the neighborhood's prewar walk-up co-op stock, and competing most directly with the other mid-2000s glass towers between Eighth and Eleventh Avenues. Through the last complete year the corridor continued to price on transit, floor height and view rather than on address prestige, and buyers here weigh the monthly number against comparable Midtown inventory.

Two variables drive the spread inside the building. The first is floor and exposure — the gap between a low-floor apartment on a dense mid-block street and an upper-floor apartment with open sightlines is the largest single determinant of price per foot, and comparables should be drawn from the same band of the tower rather than the building average. The second is the tax line: with the 421-a exhausted, the carrying cost at this address reflects full Class 2 assessment, and any comparison against an abated newer building is a comparison of two different monthly obligations. Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.

The retrade record

Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.

15A+6%
$1,149,000 2013$1,222,500 2022
40H-8%
$2,500,000 2023$2,300,000 2026
34C-11%
$1,200,000 2025$1,070,000 2026

Recent closings at this building, sourced from NYC Department of Finance records. Apartment-level detail (line, condition, asking-price context) verified upon consultation request.

DateUnitPrice
Jun 12, 202640H$2,300,000
Jun 10, 202628B$2,350,000
Apr 2, 202617A$1,070,000
Mar 16, 202634C$1,070,000
May 30, 202518B$2,175,000
Jun 10, 202540C$1,190,000
View all 22 recorded sales, sortable

Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.

Sales sourced from NYC Department of Finance recorded transfers (BBL 1-01042-7502) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price.

What to know if you’re buying

Ask for the façade file first. Exterior restoration was underway through 2019 with roughly $780,700 still committed, and the entrance glazing has already been replaced once. On an all-glass tower of this vintage, the curtain wall is the capital story. Get the current FISP status, the engineer's report, and the reserve balance.

Confirm what happened to the association's mortgage. The small Capital One loan on the resident manager's unit matured August 1, 2022 with a balloon of roughly $425,000. The statements on file predate the resolution.

The reserve line is a financing asset. The budget funds reserves at approximately ten percent of operating expenses specifically to meet Fannie Mae standards. Verify the line still exists in the current budget and confirm project eligibility with your lender early.

Underwrite full taxes. The 421-a benefit has run its course. Model the current bill, not a legacy figure, in the True Monthly Carrying Cost analysis.

Establish what conveys. With 209 storage units on the tax roll and some of them owned by the association, storage is a negotiated item rather than an assumption.

Know the sponsor-defect history. The 2010 construction-defect action against the sponsor was settled in 2018. Ask what work it covered and what remained.

What to know if you’re selling

Lead with floor and light. The building's argument is glass, ceiling height and open exposure above the surrounding roofline. Photography and pricing should both be organized around where the apartment sits in the stack.

Put the tax and common-charge numbers forward. Buyers comparing this building to newer abated inventory will run the monthly math themselves. Disclosing it plainly produces better outcomes than letting a buyer discover it at diligence.

Use the Fannie Mae reserve posture. A budgeted reserve line sized to agency standards widens the financeable buyer pool. It is worth a sentence in the marketing, not just in the board package.

Comp inside the corridor and inside the stack. Hell's Kitchen contemporary condominium sales from the last complete year are the defensible anchors. Midtown trophy pricing and prewar co-op pricing are not.

Be ready on the capital questions. Have the façade status, the reserve balance and the assessment history assembled before the first showing. On a twenty-year-old glass tower, the buyer who asks is the buyer who is serious.

Comparable buildings

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