Greystone Property Development


69 East 125th Street

12-Story, 75-Unit Mixed-Use Building Rises at 69 East 125th Street, East Harlem

Back in February, the foundation was being poured for the 12-story, 75-unit mixed-use building under development at 69 East 125th Street, in East Harlem. Now, the project is seven stories above street level and rising, Harlem+Bespoke reports. Once complete, the 80,619-square-foot building will feature 5,643 square feet of ground-floor retail space. Residential units, averaging a rental-sized 767 square feet apiece, will fill the rest of the building. Fifteen of the apartments will rent at below-market rates through the housing lottery. As reported previously, amenities include a 15-car garage in the cellar, bike storage, a laundry, private residential storage, a fitness center, and a rooftop terrace. Greystone Property Development is the developer and Kutnicki Bernstein Architects is the architect. Completion is expected in early 2017.


533 Myrtle Avenue

Five-Story, 27-Unit Mixed-Use Project Gets Glassy at 533 Myrtle Avenue, Clinton Hill

Back in December of 2014, Brownstoner revealed renderings of the planned five-story, 27-unit mixed-use building at 533 Myrtle Avenue (a.k.a. 531 Myrtle Avenue), in Clinton Hill. Now, the project has topped out and curtain wall installation is underway, according to the Myrtle Avenue Brooklyn Partnership. There will be 5,868 square feet of commercial-retail space on the ground and cellar levels. The residential units will begin on the second floor and should average 684 square feet apiece, indicative of rental apartments. Amenities include bike storage space, a fitness center, a refuse room, and a 982 square-foot rooftop terrace. Greystone Property Development is the developer and AB Architekten is behind the design. Completion can probably be expected later this year.


24-16 Queens Plaza South

22-Story, 117-Unit Residential Project Now Planned At 24-16 Queens Plaza South, Long Island City

Back in July of 2014, YIMBY reported on applications for a 14-story residential building at 24-16 Queens Plaza South, in the Queens Plaza section of Long Island City, but now a new developer, Greystone Property Development, has acquired the site for $23 million. Greystone plans to add 17 stories to the existing five-story commercial building, Crain’s reports. The 22-story, 100,000-square-foot project will include 117 residential units and 3,836 square feet of ground-floor retail space, according to building permits approved back in December of 2015. The residential units would spread across 86,529 square feet of space for average units of 740 square feet apiece, indicative of rentals. Amenities include an outdoor pool, a gym, meeting rooms, and a roof terrace. Woods Bagot is designing. The developer has already secured $39 million in construction financing.


69 East 125th Street

Foundation Work Underway For 12-Story, 75-Unit Mixed-Use Project At 69 East 125th Street, East Harlem

Last December, renderings surfaced of the 12-story, 75-unit mixed-use building at 69 East 125th Street, in East Harlem, and now foundation work is underway, Harlem+Bespoke reports. The project will encompass 80,619 square feet and will include 5,643 square feet of ground-floor retail space. The residential units will begin on the second floor and should average 767 square feet apiece, indicative of rental apartments. Twenty percent of the units will rent at below market-rates, and amenities will include underground parking for 15 vehicles, laundry, bike storage, residential storage, a fitness center, and rooftop recreational space. Greystone Property Development is the developer with Kutnicki Bernstein Architects designing. Completion is expected in early 2017.


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