Demolition permits have been filed for 308, 310, 312, and 314 East 86th Street, by 2nd Avenue, on the Upper East Side of Manhattan, all by the same developer. The buildings are right next to the new 86th Street Subway Station, serviced by the Q train. The sites are owned by Izaki Group Investments, who were reported as purchasing three of the sites in March of 2017 for $42 million, from Extell Development, which purchased the sites in April of 2016.
It’s unconfirmed what Izaki’s exact plans are. When they purchased the three sites from Extell, The Real Deal reported they could construct a residential building spanning 71,240 square feet, rising as high as 210 feet.
Now that four buildings are involved, it’s uncertain if plans have changed. Izaki Group Investments did not respond to questions.