Robert A.M. Stern’s 15 Central Park West may be the hottest building in New York, but the good fortune hasn’t crept up the western edge of the park, which still plays second fiddle to the Fifth and Park when it comes to closing prices. There are some standouts, though, and the townhouse at 247 Central Park West is most definitely among them. Whether it stands out tall enough to get its $37 million ask is another question entirely.
Built in 1887, it’s the first townhouse you encounter on Central Park West—a rare holdout to withstand two waves of rapacious early 20th century redevelopment. The first, around the turn of the century and the construction of the city’s first subway on Broadway, saw developers raze townhouses and tenements all around No. 247 and its two neighbors on the block to erect apartment houses of a dozen or so floors. During the second boom, around the time the IND Eighth Avenue Line was being built underneath Central Park West and right before the Great Depression, the pressure mounted and builders strove for even loftier heights, with buildings as tall as the 30-story El Dorado eating away at what remained of the low-slung real estate. Read More