The reinforced concrete superstructure at 249 East 50th Street is approaching the halfway mark in Midtown East. The 15-story, 151-foot-tall residential building has risen steadily since reaching street level near the end of last summer. The project is designed by Isaac Stern and is being developed by Tun Kyaw, who purchased the land for $17 million.
Photos show the floor slabs and columns rising above the block. Though of modest height, 249 East 50th Street will still stand prominently over the surrounding structures, giving residents daylight exposure and views of the Midtown skyline to the west.
249 East 50th street will yield 49,434 square feet split across 29 apartments, for an average of 1,700 square feet apiece. The first six levels will house four units per floor, while the rest of the upper stories will have full-floor units. A number of residences on the higher levels will feature private balconies. Residential amenities include bicycle and tenant storage, a laundry room in the cellar, and a recreational room on the top floor. The closest subways are E and M trains at the Lexington Avenue-53rd Street station and the 6 train at the corner of 51st Street and Lexington Avenue. Grand Central Terminal is an 11-minute walk away to the south. A number of cafes, bars, restaurants, and small businesses line Second Avenue, and a Whole Foods Market is located nearby to the north at 226 East 57th Street.
A completion date for 249 East 50th Street hasn’t been announced, but sometime in early 2021 seems possible.