By Atticus O’Brien-Pappalardo At the midway point of 2021, PincusCo is taking a look at which neighborhoods have had the most new development activity planned this year. PincusCo looked at all plans for new buildings greater than 15,000 square feet in size filed with the New York City Department of Buildings through June 11. The analysis did not include plans for single-family buildings. Riverdale, the…
Moses Freund, on June 30, filed a permit application for construction of a 73-unit, 53,929-square-foot mixed-use building at 1420 Stebbins Avenue in Morrisania, the Bronx. The plans call for the construction of a 74-foot-tall, seven-story mixed-use building and were filed with the New York City Department of Buildings under job number X00541811. The development site spans one tax lot. The project is described in the…
On June 29, a condominium plan was submitted by the entity 532 Clinton LLC for 14 residential units at 532 Clinton Avenue in the Clinton Hill neighborhood of Brooklyn. The condo plan, CD210189, has a sellout price of $28,524,000 with the New York State Attorney General. Elizabeth McDonald is listed as the president on the filing, while Jason Blauvelt and Rocco Basile are listed as…
On June 29, a condominium plan was submitted by the entity 379 Ocean Parkway LLC for 24 residential units at 379 Ocean Parkway in the Kensington neighborhood of Brooklyn. The condo plan, CD210193, has a sellout price of $21,465,000 with the New York State Attorney General. Boris and Lev Shapiro are listed as the principals of the sponsor. In June of 2017, Boris Shapiro filed…
The company Broadway 800 LLC, on July 2, formally completed a $2.7 million enlargement of an office building at 800 Broadway in Bedford-Stuyvesant, Brooklyn. Bentzi Reifer of Transition Acquisitions (TRAC) filed the plans. Israel Elbogen, an attorney, signed the loan documents as a member of the owner LLC. The developer received a TCO on July 2 for the conversion, according to the DOB Now Public…
SL Green Realty, on July 1, was given a permit for the demolition of a building at 760 Madison Avenue in Lenox Hill. The plans, pre-filed on May 21, 2020, call for the demolition of a four-story building. The developer also recently received permits for the demolition of 762 Madison Avenue, which is mid-block between 65th Street and 66th Street. SL Green and Armani Group…
The Leser Group, on July 1, was given a permit for a $6.4 million fit-out of for an educational center in a commercial building at 10 Elm Street in Edwin Markham Gardens in Staten Island. The plans, pre-filed on June 27, 2019, call for work on the cellar and all floors of the 40-foot-tall, three-story building. The project is described in the filings as: interior…
ABCNY are seeking to rezone a development site in anticipation of submitting an application for the construction of a 25-story, 120,040-square-foot mixed-use hotel building with 305 rooms at 58-62 East 125th Street in East Harlem. ABCNY is a property management and investment firm in NYC. According to their website, the firm manages around 170 residential units, several hotels and some construction projects. Moris Yeroshalmy was…
Ekstein Development Group, on June 25, submitted a condominium plan for six residential units at 142 West 81st Street in the Upper West Side neighborhood of Manhattan. The plans are in a former church structure. The condo plan, CD210188, has a sellout price of $42,975,000 with the New York State Attorney General. Erik Ekstein, President and CEO at Ekstein Development Group, is listed as the…
By Adam Pincus Alchemy-ABR Investment Partners and its financial partner Cain International paid $130 million to Calvary Baptist Church for 125 West 57th Street, and plan to demolish the existing 16-story building and develop a 257,924-square foot office, retail and church tower, according to plans filed when the church petitioned for court approval of the sale. Alchemy-ABR paid $130 million to the church, but it’s…
By Atticus O’Brien-Pappalardo Flushing has long-been one of the city’s most active development locations. Perhaps because of its distance from Manhattan, it’s also been a hub of development activity by individuals with low profiles in the New York City real estate press. PincusCo found that Flushing was tied as the second most popular neighborhood for new development so far this year, behind only Riverdale. One…
By Atticus O’Brien-Pappalrdo PincusCo recently examined condominium development in New York City from January 2020 through May 2021. The report found that Brooklyn was outpacing both Manhattan and Queens in terms of condominium units planned in the boroughs. Now, PincusCo is taking a look at the five most expensive condominium plans filed so far this year, in terms of sellout price, to see which developers…
Senlac Ridge Partners and William Macklowe Company, on June 29, filed a permit application for the demolition of a building at 120 5th Avenue in Park Slope, Brooklyn. Gary Griggs, senior project manager at William Macklowe Company, filed the plans. New building plans were filed in 2017 for a 62-foot tall, four-story, 52,012-square-foot mixed-use building with 40 dwelling units at the site. According to reports,…
Gilar Realty, on June 29, filed two permit applications for the demolition of two buildings at 534 Third Avenue and 536 Third Avenue in Murray Hill. Robert Gilardian filed the plans. The demolitions will help clear way for a 190-foot tall, 17-story, 93,435-square-foot residential building with 122 units which the developer filed plans for last May. The new building plans have addresses of 162 East…
Liberty Tuck NY LLC, on June 30, was given a permit for construction of a 96-key, 59,145-square-foot hotel at 104-16 Tuckerton Street in Jamaica. Tejpal Sandhu filed the plans. The plans, pre-filed on October 14, 2020, call for the construction of an 84-foot tall, eight-story hotel. The project is described in the filings as: this application is filed for new eight-story transient hotel with community…
Related Companies, on June 30, was given a permit for a $15 million build-out of three floors of an office building at 415 Tenth Avenue, known as 50 Hudson Yards, in Hudson Yards. The developer recently received permits for additional $15 million and $20 million build-out projects at the building. All of the plans were filed together in a series of permit applications filed for…
Palladium Property Group, on June 24, filed a permit application for construction of a 101-unit, 76,790-square-foot mixed-use building at 185 East 109th Street in East Harlem, Manhattan. Joe Nebenzahl, manager at Palladium Property Group, filed the plans. Palladium Property Group, an international real estate investment brokerage, typically focusses in off market direct to owner assets, according to the firm’s website. The plans call for the…
The Parkland Group, on June 25, filed a permit application for construction of a 103,412-square-foot storage building at 424 East 90th Street in Yorkville in Manhattan. Steven Brauser, CEO of the Parkland Group, filed the plans. The Parkland Group, a development and investment company based in New York city, has also developed residential projects in the past. One of those projects is the 23-story luxury…
Lulzim Leguci, on June 25, filed a permit application for construction of a 44-unit, 25,861-square-foot residential building at 106 Mount Hope Place in Tremont, the Bronx. The plans call for the construction of a 98-foot tall, eight-story residential building, and were filed with the New York City Department of Buildings under number X00546393. The development site spans one tax lot. The project is described in…
Anbang Insurance Group, on June 24, filed plans for a $70 million rehab of several floors of the Waldorf Astoria Hotel at 301 Park Avenue in the Plaza District of Manhattan. The plans call for work on floors five through 12 of the 570-foot tall, 44-story building, and were filed with the New York City Department of Buildings under number M00482474. The plans were filed…
