One For the Price of Two: 18th-Floor Combo at 35XV Enters Contract for $16.95 M.

A rendering of 35XV

A rendering of 35XV

Slated for occupancy in the second half of 2014, Alchemy Properties’ 35XV building, at 35 West 15th Street, has neither attempted nor commanded the astronomical prices of the most rarefied units at nearby Walker Tower. But this week, as Walker Tower’s Penthouse 1 closed for a record-setting $50.9 million, The Observer learned that Alchemy had ratcheted up their high-end price point, entering contract on an unlisted 18th-floor combination for $16.95 million. That figure—all but certain to represent the building’s priciest deal—does not, of course, catapult Alchemy quite into Walker Tower territory, but it does make the apartment in question comparable to the more expensive building’s higher-end, mid-priced units. (35XV’s smaller properties are likewise largely comparable in price to the more earthly contracts at Walker Tower.)

Three or four months ago, Alchemy president Ken Horn recently told The Observer, the company decided to create a single apartment on 35XV’s 18th floor, rather than market two distinct units, as it has done on other floors. “We decided that the combination of the two would just be a fantastic layout,” he said. “There aren’t any similar apartments within four blocks in every direction. You don’t really get this kind of opportunity that often, and we decided that we would get better pricing this way.”

It's five o'clock somewhere.

It’s five o’clock somewhere.

Divided roughly into living and sleeping quarters, the four-bedroom condo has 4,952 square feet of interior space, and an additional 842 square feet in the form of a private terrace, the building’s only such offering. The building stands atop Xavier High School, and enjoys vistas unusual for a mid-block structure as a result of having acquired the school’s air rights; from the 18th floor, the Empire State Building, Hudson River and lower Manhattan will all be in view. And for oenophiles in the crowd, 35XV offers deeded wine storage cabinets in a Benjamin Noriega-Ortiz-designed, wood-paneled vault. (Personalized systems will repel would-be vino-snatchers from locking repositories sized variously to hold 69 to 300 bottles.)

The buyers, whom Mr. Horn described as an English family with several generations of manufacturing success to its name, did not previously have a New York apartment that he was aware of, and intended to use the condo as a secondary home. “We were going to push it out to market in seven to ten days,” Mr. Horn said. “And this buyer preempted us. He said, ‘Nope, I want it.’ And gave us the asking price.”

Of the building’s 55 units, he said, only 20 remain: “Twenty-two of [the buyers] are New Yorkers. A dozen are using them as pied-à-terres.” Buyers include parties from London, Canada, Turkey, China, California and Florida. “No investors, though,” Mr. Horn insisted. “Everyone is going to be using them at this point.”