515 East 72nd Street
515 East 72nd Street, New York City, NY
|515 East 72nd Street|
515 East 72 in the Upper East Side of Manhattan
|Developer||The Macklowe Organization|
|Management Company||Cooper Square Realty|
|Number of Units||329|
|Number of Floors||41|
|Type of Roof||IRMA|
|515 East 72nd Street, New York City, NY|
|Distance to Public Transit||Less than one block|
|Region||New York City|
|Municipality||New York City|
|Title of Land||Condominium|
Opening in 1986 as a rental building called the River Terrace, 515 East 72 has undergone a conversion into a luxury condominium residence. While the path to conversion has not been smooth, as the building has several outstanding lawsuits pending as of February 2013, nevertheless, 515 East 72 has managed to make a name for itself with its long list of luxury amenities, and its location in the Upper East Side.
Standing half a block away from FDR Drive, this building offers residents stunning views of both the East River and the Manhattan city skyline, and with nearly every apartment unit featuring a balcony, residents have the opportunity to get out and enjoy these views whenever they wish.
Located less than a block away from the East River, 515 East 72 finds itself squarely on the border of Lenox Hill in the neighborhood of the Upper East Side. Named after the Scottish merchant, Robert Lenox, Lenox Hill co-opted the “Hill” from its southern neighbor of Murray Hill in order to trade in on the fashionable connotations associated with the Midtown neighborhood.
However, the Upper East Side really needs no help in this regard, as the area is one of New York City’s most affluent neighborhoods, and is believed to have one of the highest concentrations of personal wealth in the world. The neighborhood is also known to have one of the highest densities in New York City, with a population of 207,543 in 2000, about a third of which are members of the Jewish religion.
Due to the enormous amount of wealth in the neighborhood, the Upper East Side has an extremely glamourous reputation, and as a result, the area has been the setting for many books, movies, and television shows over the decades. They include, but are not limited to, Breakfast at Tiffany’s, the Bonfire of the Vanities, Sex and the City, The Devil Wears Prada, The Nanny Diaries, The Catcher in the Rye, The Great Gatsby, Gossip Girl, Ugly Betty, and Will and Grace. Additionally, the Upper East Side is home to several cultural and tourism destinations of New York City, including the Metropolitan Museum of Art, the Guggenheim, the Whitney Museum of Modern Art, the Frick Collection, and the Jewish Museum of New York. 
Residents of 515 East 72 do not require a car to complete their daily errands, as they are within walking distance of an abundance of transit, shopping, food, and home services options. With a bike score of 77 out of 100, cyclists will appreciate the excellent bicycle lanes available and the flat grades.
Originally called the River Terrace, 515 East 72 was constructed in 1985 and opened in 1986 with over 400 rental apartments. The developer was The Macklowe Organization, and the building was designed in the Postmodern style of architecture by Schuman, Lichtenstein, Claman & Efron. In 2005 the Macklowe Organization sold the entire building to C & K Properties for over $360 million, and with Meir Cohen and Ben Korman acting as the principle developers, C & K began plans to convert the building into residential condominiums.
The architect for the conversion was David C. Acheson of Acheson Doyle Partners Architects, with the interiors being handled by Bonetti / Kozerski Studio, and the landscaping designed by HM White Site Architects. Initially, the building was to be called Miraval Living, because Miraval planned on opening one of their spa facilities within the building and allowing the project to take on the Miraval branding.
However, after construction delays and disputes with the developer, Miraval left the project in 2010 altogether, and the building is now known simply as 515 East 72. American Leisure Living took over as the provider of the spa services, and the spa and health amenities finally opened in 2011 after many delays.
Layout and Features
The postmodern 515 East 72 stands 41 stories and reaches a height of 404 feet. The building is composed of concrete and steel with a red brick curtain wall facade, and at the time of its opening, two large clocks were featured prominently on the north and south facades. These clocks have since been removed. The exterior of the building is also notable for its numerous balconies, and nearly every residence within this building features a balcony.
Apartments within 515 East 72 range in size from studios to four bedroom units, and are distinguished between those in the main building (floors 3-31) and those in the tower (floors 32-40). The apartments in the main building have Corian counter tops, Basaltina lava stone back splashes and large basin sinks in the kitchens, while the bathrooms feature Italian Piombo limestone finished, Crema D'Orcia bamboo textured tiling, and Watermark fixtures.
The tower apartments' kitchens have Ebony Macassar upper cabinetry and stainless steel lower cabinetry, Calacatta marble counter tops, walnut flooring, Franke sinks, and appliances by Sub-Zero, Viking, Bosch, and Miele. The bathrooms in the tower apartments feature Crema D'Orica Piombo stone tiles, Oak Vulcano brushed natural oil cabinets, Emperador polished marble finishes, Dornbracht fixtures, and Toto water closets. 
With over 225 floor plans available, a selection is presented.
This building offers residents a full range of luxury amenities, including:
- 24 hour concierge
- 24 hour doorman and porter service
- Uniformed staff of personal trainers and nutritionists
- Live in superintendent
- Fitness center
- Yoga studio
- Steam Room
- Climbing wall
- Indoor basketball and squash court
- Creative Arts Studio
- Recreation Room
- 515 East 72 Cafe
- Parking garage
- Valet parking
- One of New York City’s largest private parks
- Bicycle Room
|515 East 72nd Street Bylaws|
- This building allows rentals, sublets, and pied-a-terre
- There are no age restrictions for this building
- This building is pet friendly
While this building does not have an official LEED certification, 515 East 72 has been designated as a green building due to its many eco-friendly practices and policies.
These include a green roof, air filtration systems, extensive recycling programs, and the use of recycled and renewable materials throughout the building, such as eco-friendly walnut cabinets in the kitchens.
- Jack Devine, president and co-founder of The Arkin Group, is an owner in this building.
- In 2007, Tiki Barber bought four units within this building with the intention to combine them all into one four bedroom apartment.
- One time tenants of the building include New York Yankee Curtis Granderson and supermodel Linda Evangelista.
- In February of 2013, 515 East 72 was hit with a lawsuit from a couple who owned an apartment within the building, claiming that the residential spa living that was promised when Miraval was still attached to the building was a sham. In the lawsuit, it was claimed that the building is “a virtual war zone of construction, malfunctioning elevators and faulty plumbing.” This lawsuit is just one of many that the building is facing from over a dozen plaintiffs who are suing over dangerous construction conditions, unpaid employee wages, and personal injury claims.
- Walk Score
- 515 East 72 Official Site
- Manhattan Scout
- Manhattan Scout
- New Construction Manhattan
- Curbed NY
- NY Post
- NY Post
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