JLL Capital Markets has arranged $52 million in construction financing for 133 East 55th Street, a new apartment building in Midtown East, Manhattan. The financing was secured on behalf of a joint venture between Rybak Development and BK Developers, with Emerald Creek Capital providing the funds.
The building, which is currently 12 stories high, will expand to 21 stories and boast 31 condominium units. The ground floor will feature 2,460 square feet of retail space and 1,272 square feet allocated for community use. Designed by Zproekt Architecture, the building will offer one-, two-, and three-bedroom units, with three-bedroom units occupying entire floors and a duplex penthouse on the top floor.
133 East 55th Street, via Google Maps
Amenities will include a spa complex, fitness center, bicycle storage, and outdoor recreation area. Sales for the development are set to begin in September 2025. Completion is scheduled for winter 2025.
“133 East 55th Street will be ideally positioned to capture demand from high-income individuals seeking luxury living steps from their work in Midtown,” added Niedermayer. “It was a pleasure to once again work with these highly experienced sponsors and we are excited to see the project’s success.”
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Ok for a ‘background building’. Me thinks the mechanical bulkhead here needs a little work.
This is good. It has mid-century white brick apartment building vibes, but nicely updated. And the mechanical penthouse definitely needs refinement and a diet.
It is interesting to note the increased ceiling height compared to its neighbor. The top of the building may not be so visible, but I agree with others.
I also think this project is in an excellent location, because it is not far from work that it’s not a dream: Thanks.