Buying at 720 West End Avenue.
Price the line, terrace and conversion.

720 West End Avenue offers an unusual amount of current evidence for a recent conversion: broad sponsor inventory, dozens of 2026 closings and repeated plans across multiple floors. The buyer’s work is to use that evidence line by line, then underwrite the rehabilitation, operating history and outdoor-space premium.

Building context

720 West End Avenue is the conversion of the 1927 Hotel Marcy, an Emery Roth Renaissance Revival building between West 94th and 95th Streets. Official marketing describes contemporary residences by Thomas Juul-Hansen within the restored stone base, brick façade, sculptural detailing and marquee. StreetEasy identifies Glacier Equities and InterVest Capital Partners as developers and markets 131 residences over 17 stories.

The official amenity program includes 24-hour staff, doorman and concierge; private parking; a fitness center with yoga and Pilates; squash and basketball; the Marcy Library and coworking; private dining with terrace and catering kitchen; Emery’s Bar, billiards and VR sports lounges; children’s playroom and garden; maker’s studio, music room, pet spa, bicycle storage, residential storage and landscaped courtyards. Marketing has described about 30,000 square feet of amenities, but the plan and actual operating costs govern.

Current sponsor availability and carrying costs

The official October 16 availability table showed 16 sponsor homes: one one-bedroom, four two-bedrooms, four three-bedrooms, three four-bedroom apartments and four townhouse or penthouse residences, from $1.545M to $12M. StreetEasy’s October 15 snapshot showed 21 sale listings because it also included four sponsor contracts and one active owner resale. Treat status—not the portal’s headline count—as the organizing fact.

The official page also displayed “Coming Soon” above its populated table, another reason to obtain a dated inventory schedule. Separate active, reserved, in-contract, released, retained, rented, combined and closed units; identify whether parking and storage are included, separately licensed or separately purchased.

Repeat plans create direct 2026 benchmarks

Most selected 2026 sponsor closings finished from about 3.4% below ask to at ask. Examples include 9F at $2.65M versus $2.70M, 4E at $2.995M versus $3.05M, 5D at $2.975M versus $3M, 12A at $5.75M versus $5.90M and 9C at $4.625M versus $4.65M. There are outliers, including 8B and TH11J above their last public asks; verify contract structure, combinations and concessions before treating either as a conventional comp.

Reconcile the legal building with the marketed building

The Attorney General accepted plan CD22-0253 on March 18, 2024 and made it effective March 14, 2025 after 20 homes, or 15%, were in contract. The record names 720 WEA Ventures LLC as sponsor, care of InterVest Capital Partners, with Michael Gontar as authorized signatory. It lists 132 residential units and 15 parking units—147 legal units in total—while public marketing describes 131 residences.

Amendment 7 reduced the total offering price by $16.2M to $418.195M. Amendment 8, accepted April 22, 2026, addressed sponsor financial disclosure, a sponsor-controlled board, combined units, revised floor plans and architect’s report, temporary certificate of occupancy, a $97,000 permanent-certificate escrow and Local Law 97. Amendment 9, accepted July 2, 2026, disclosed a short purchase-price incentive program and pied-à-terre law. Obtain the complete accepted package and reconcile the one-residence difference, parking structure and target plan.

Underwrite the conversion, not only the finishes

A 1927 structure can offer proportion and character, but a recent full rehabilitation creates different diligence from ground-up construction. Review the architect’s report, façade and roof work, windows, risers, electrical capacity, plumbing, drainage, elevators, HVAC, sound transmission, waterproofing, hazardous-material work, warranties, open items and punch lists. Trace any retained original system against its expected life.

The first year of operation was updated to June 1, 2025, leaving a short actual history. Request budget-to-actual results, current budget, reserve study and balance, sponsor waivers of common charges, arrears, insurance, claims, board minutes, contracts, assessments and Local Law 97 projections. Determine who pays for any certificate work beyond the $97,000 escrow and whether unresolved items affect financing, insurance or resale.

Parking is a separate legal component with 15 units. Ask what is available, purchase or license price, common charges, taxes, transfer rules, EV capability, valet or self-park operation and whether a parking interest can be sold apart from an apartment.

Separate residence value from terrace value

The active set spans ordinary apartments, townhouse-style duplexes and penthouses. TH2J pairs 2,722 interior square feet with 1,445 exterior square feet; PH17C pairs 3,700 interior with 1,866 exterior. Calculate price per interior square foot first, then assign a discounted value to usable exterior area based on privacy, access, shape, sun, wind, view, drainage and maintenance—not one blended number.

For non-terrace homes, compare West End Avenue, side-street, courtyard and river exposures. Inspect privacy and light at the actual time of day, map development and air rights, and listen for mechanical, elevator, amenity and street noise. Overlay furniture on the filed plan and test circulation, kitchen storage, bedroom widths, closets and window treatments.

Verified common charges and taxes run about $5,200 monthly for the sampled two-bedrooms, $5,720 for 3D, $7,169 for 8C, $9,871 for 9A and $15,429 for PH17C. Add insurance, utilities, financing, parking, storage, terrace care, mansion tax, title and lender costs and any sponsor-shifted transfer taxes or legal fees.

The first resale is already testing sponsor pricing

StreetEasy showed one active owner resale, 10C, at $4.925M for 2,045 square feet while the sponsor’s same-size 8C asked $4.60M. Four sponsor residences were also in contract. A buyer can now compare seller type, floor, condition, closing-cost allocation, warranty posture and negotiability—not merely sponsor versus neighborhood.

The official 16-home sponsor set remains meaningful future competition. Study absorption by line and price tier, likely future releases, contract fallout and the basis of early owners. A repeat-line purchase supported by several deeds may be more liquid than a rare terrace home, but rarity can protect value if the exterior space is genuinely usable and recurring costs remain rational.

Confirm buyer-broker compensation before contact

Corcoran Sunshine Marketing Group markets the sponsor inventory. The official site and public listings reviewed October 16 did not state a current numeric, unit-specific buyer-broker compensation offer. A brokered sellout and prior represented transactions do not establish today’s terms.

Before the buyer or anyone acting for the buyer contacts the sales gallery, obtain written registration and compensation terms for the exact residence. Confirm payer, amount, expiration, first-contact and first-visit rules, prior-contact treatment, procuring cause and exclusions. Reconcile the answer with the buyer-representation agreement and disclose any potential buyer obligation.

Questions for the sales team and buyer’s counsel

1. What is the dated list of active, reserved, in-contract, retained, rented, combined and closed homes?
2. How do 131 marketed residences reconcile with 132 legal residential units?
3. Which same-line closings and pending contracts support the target ask and concessions?
4. What explains 3A’s price reset and any other material revisions?
5. What certificate, construction, warranty and punch-list work remains?
6. How do actual expenses, reserves and Local Law 97 exposure compare with the plan?
7. What parking or storage interests are available, at what recurring and transfer cost?
8. What written buyer-broker registration and compensation terms apply today?

Build a four-part decision file

Record ask, proposed price, price per interior square foot, separately valued exterior space, exact-line closings, pending deals, concessions, common charges, taxes, parking and storage, acquisition costs and annual ownership. Attach the accepted plan and amendments, current Schedule A, filed plan, ledger and tax bill, architect’s report, certificate and punch-list records, financial statements, budget, reserves, insurance, minutes, Local Law 97 work, inspection notes and written brokerage terms.

720 West End Avenue buyer FAQs

How many sponsor homes are available?

The official availability page showed 16 homes on October 16, 2026. StreetEasy displayed 21 sale listings because its total also included four sponsor contracts and one active resale.

What price range is available?

Official active asks ran from $1.545M for 9D to $12M for PH17C.

Are recent sponsor closings below ask?

Many selected 2026 closings were at ask or within about 3.4% below. Several above-ask outliers require transaction-specific verification.

Is 720 West End new construction?

It is a rehabilitation and condominium conversion of a 1927 Emery Roth building, with interiors and amenities reimagined by Thomas Juul-Hansen.

Why do unit counts differ?

Marketing describes 131 residences while the AG record lists 132 residential units plus 15 parking units. Counsel should reconcile combinations and the latest Schedule A.

Does the sponsor publish buyer-broker compensation?

No current numeric, unit-specific offer appeared in the reviewed public materials. Obtain written terms before direct contact or a visit.

Availability, pricing, costs, plan status, compensation and building conditions can change. Verify all facts in current sponsor materials, accepted plans and amendments, written brokerage terms, financial statements and professional diligence.