Allegro

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62 West 62nd Street, New York City, NY

Allegro
Allegrocondonyc.jpg

Allegro, in the Upper West Side
Building Information
Developer Rose Associates
Architect Eli Attia Architects
Management Company Rose Associates
Number of Units 127
Number of Floors 27
Year Built 1987
Construction Method Steel
Type of Roof Tar and Gravel
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62 West 62nd Street, New York City, NY
Distance to Public Transit One block
Region New York City
Municipality New York City
Zoning R8
Title of Land Condominium


Contents

Background

Another view of the Allegro

The Allegro building was completed in 1989 and is located in the Upper West Side. It is a full service condominium building sandwiched between Columbus Avenue and Broadway. Just two blocks from Columbus Circle and a block from Central Park, the Allegro is located in a premium location. With the Lincoln Center for the Performing Arts and the newly constructed Time Warner Center within walking distance, there are an abundance of entertainment options located not far from the Allegro.

Lincoln Center is one of the cornerstones of New York City’s culture, consisting of a campus of 11 organizations focused on music, dance and theater. Together, they bring thousands of performances to life each year. The buildings, situated around a plaza with a fountain, are the home of the Metropolitan Opera, the New York City Opera, the New York Philharmonic, the New York City Ballet, and the Juilliard School.

The Allegro is a highly sought after building which is reflected in the price of units offered in the building. The Allegro was purchased by Rose Associates in 1994 and subsequently converted to condominiums. This purchase proved to be very lucrative for the company that also manages the building. Those looking for a modern condominium building just steps away from Central Park and Broadway may want to consider the Allegro. [1]

Location

In New York City, location is key. Even the staunchest New Yorker will have a hard time complaining about the location of the Allegro. Its West 62nd Street address places it less than a block away from the southern end of Central Park.

Allegro is located on Broadway, world famous for its shopping, dinning and of course, entertainment. It is also near Columbus Circle, another cultural hub in New York City. Also nearby, is the Lincoln Center for the Performing Arts and the newly developed Time Warner Center, offering residents an abundance of entertainment options close to their doorstep.

Residents will do just fine not owning an automobile since the Allegro is centrally located and has an abundance of public transit options in proximity. These options include two subway stations within a block plus an abundance of bus options that are even closer.

While the Allegro is located in the Upper West Side, its address places it in the very southern end of this neighborhood. It is close to New York City landmarks such as Times Square and Rockefeller Center.[2]

Construction

The Allegro is unique with its grey brick facade

The Allegro is a steel frame structure with a grey brick facade. The structure consists of a rectangular tower that is set back above a low rise base and angled slightly to keep the building in line with adjacent structures. Allegro consists of 120 units over 27 floors.

While most units themselves do not have balconies, they do have large windows that afford views of New York City's spectacular skyline.

The Allegro has a large inviting lobby and is serviced by three elevators. In case of emergency, the Allegro has a backup generator to power these elevators. Allegro's units range in size from one to three bedrooms and has also recently renovated its hallways. [3]


Layout and Features

Units at the Allegro come in one to three bedroom configurations and feature:

  • Granite counter tops
  • stainless steel appliances
  • Spacious living rooms
  • City views

Floor Plans

There is a video tour through the link provided. [4]

Amenities

The Allegro includes amenities such as,

  • Basement storage
  • Full time doorman
  • Concierge service
  • Private garden

Bylaws

Allegro Bylaws
Rentals Yes
Pets Yes
Age No
Barbecues No



  • Pets are allowed at the Allegro
  • Rentals are permitted
  • There are no age restrictions on the ownership or rental of units at the Allegro
  • Barbecues are not permitted at the Allegro

Sustainability

Built in 1989, the Allegro was constructed just before sustainable building methods became commonplace.

The building is inherently sustainable by way of its address. Residents do not need to own a car since they are already centrally located. They can therefore walk or take transit to nearly all destinations in New York City.

New York City has an extensive recycling program and encourages all citizens to take part. [5]

Trivia

The Time Warner is one of New York City's newest developments and is just a few blocks from Allegro

Prior to being a condominium building, the Allegro was a rental building. After falling into receivership in 1994, it was bought by current owner and property manager Rose Associates. Assessing the market, Rose Associates determined that converting the building to Condominium ownership was the best way to achieve the maximum value of the asset.

The leasing professionals at Rose Associates leveraged their knowledge of rental law to achieve vacancies in an efficient manner. In just 3 years, Rose Associates successfully re-positioned and converted the Allegro and generated a significant profit from the asset.[6]

Located near the Allegro is the newly created Time Warner Center. The development located on Columbus circle is one Of New York City's newest developments and is easily spotted by its pair of twin glass towers. It has quickly become a New York City hot spot with ample shopping and dinning at a premier location. Situated on the former sight of the New York Coliseum, The Time Warner Center is newest contribution to New York's extensive shopping experiences with a number chain and designers stores on its first two floors. It has also become a place the place to meet while at Columbus Circle.

References

  1. Douglas Elliman
  2. The Allegro
  3. Curbed
  4. Allegro Video Tour
  5. New York City Department of Sanitation
  6. Rose Associates


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