Demolition is complete at 242 East 71st Street, the site of a 22-story residential tower in the Lenox Hill section of Manhattan’s Upper East Side. Developed by Avdoo, the 172,000-square-foot structure will yield 50 condominium units, ground-floor retail space, and enclosed parking. The project will rise from a nearly 10,000-square-foot lot at the corner of Second Avenue and East 71st Street.
The former occupants of the parcel have been raised to street level, and an excavator is sitting on site among the leftover brick rubble. Excavation is expected to commence in roughly four weeks.
242 East 71st Street. Photo by Michael Young.
242 East 71st Street. Photo by Michael Young.
242 East 71st Street. Photo by Michael Young.
The property was formerly occupied by four low-rise buildings at 1341–1347 Second Avenue and 242 East 71st Street, as seen in the below photos from earlier this year. The developer acquired the assemblage for $52 million with a loan provided by Valley Bank.
241 East 71st Street. Photo by Michael Young.
241 East 71st Street. Photo by Michael Young.
241 East 71st Street. Photo by Michael Young.
241 East 71st Street. Photo by Michael Young.
No finalized renderings have been revealed for the project with the exception of the below sketch from Avdoo’s website. The building features a prewar-inspired design reminiscent of the work of Robert A. M. Stern Architects, particularly in its fenestration, which includes a mix of tall bay windows and conventional windows with Juliet balconies. The upper levels also feature a typical RAMSA appearance with a multifaceted crown utilizing upward curving setbacks. The residential entrance along East 71st Street and ground-floor retail frontage will be covered with awnings.
A preliminary sketch of 242 East 71st Street, spotted on Avdoo’s website.
The development is located by the northern entrance to the 72nd Street subway station, served by the Q train.
A construction timeline and architect for 242 East 71st Street have yet to be announced.
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Does anyone know if any exterior facade ornament is salvaged in the demolition process of walk-ups like these? It sure seems like those stone window surrounds would have resalevalue for other peoples restoration projects.
The last 2 pics are of the corner diagonally across the Avenue. The Florist Shop was on the North East corner. The other is on the South West corner!!! Tom.
The SW corner is the subject of this post, 242 East 71st Street. Only the Windsor Florist photo is wrong (a different new building is planned there). Four captions erroneously say 241 East 71st Street.
Fingers crossed the sketch is accurate and that RAMSA is involved in the final building
The New Rendering has a Goth. Appeal. I love it.
Good luck on construction.
Very nice design. The building has Character.
Yet another development replacing working and middle class housing with luxury,
AND reducing the number of dwelling units in the City.
I’m a YIMBY but I would love to see a law requiring new development to have at least as many dwelling units as those it replaces. Wouldn’t have to be in the same location, could even let multiple developers come up with a plan showing a net increase in units over multiple sites.
But there ought to be a law….
I tend to agree. On the bright side, there’s probably a big increase in total square footage, and the new construction helps ease the pressure of combining older, smaller units.
There will definitely be more than 50 existing apartments lost, and they were relatively affordable. The law should be, if you want a fancy tower, you replace the existing units lost either onsite or on a remote site, and they must be affordable. As the seemingly unending utlra-rich keep “investing” in NYC, but most make sure to pay no income taxes. They can at least help contribute to the little people who make it all happen.
Perhaps you would be more at home in Havana.
the top 20,000 families pay 90% of the personal income tax in NYC. and they are leaving.
As you see on this website, there is plenty of subsidized “affordable” housing being built in this City.
What is needed is housing for the middle class and even the upper middle class – who do NOT rely on subsidizies from other taxpayers.
Also, the rent laws make it saw hard to make a buck on stabilized units that these buildings are worth more empty and demolished then as housing – negating what the law is intended to do.
But Dave pays no rent in his mom’s basement – also no job.
Millionaires, both those living here and non-residents who pay taxes here, are critical to New York’s tax base, contributing $34 billion of State and City personal income tax (PIT) revenue in 2022.1 While their numbers have grown, that increase has lagged the nation’s and many of New York’s competitors. As a result, New York’s share of the nation’s millionaires plummeted 31 percent between 2010 and 2022, while the share grew in California, Texas, and Florida.
New York’s shrinking share has a hidden cost of billions of dollars every year. Had their shares stayed at 2010 levels, the State and City would have collected more than $13 billion in additional PIT revenue in 2022.
Well, Cholly, perhaps you shouldn’t let your vitriol get in the way of reason.
The fact is the number of people filing tax returns with 1MM & up in yearly income is rising in this City and State. Some leave, more are added. THAT is why buildings like this one continue to be developed.
That our percentage of the total million dollar earners in the country is shrinking is predictable as emptier places in fill. Percentages are meaningless if you compare percentage growth in million dollar earners in a city with 500 with percentage growth in a city with 50,000.
If the city with 500 adds 10 it’s 2% growth. If the city with 50,000 adds 50 in the same year it’s 1% growth. Which city added more?
“Affordable” is a joke. I earn $55k and can’t afford to move across the street from me to new “affordable” apartments.
Always amazed how many negative comments about the topic of “affordable” housing,
every time another luxury project is proposed? Considering how many upper income
units sit vacant with part-time tenants/long term investments, not every resident in
the greater New York area can afford them!
I agree there needs to be more “affordable” housing needs to be build, but not at
the expense of having tenants travel long distances to jobs in NYC for those WITH $!
Why can’t those in lower/middle incomes be able to enjoy the same city as the wealthy,
since most of them provide hundreds of thousands of service jobs that keep the city functioning? I don’t see how there couldn’t be a more balanced use of the LAND where
housing is built, and thereby creating a real mix of people. And NO I’m not suggesting
a separate entrance door for “THIRD CLASS”!
After all, NYC isn’t just 5th Avenue, Park Avenue, Central Park, and the East/West Villages, but DOZENS of neighborhoods that represent the entire population! That is why I made my first trip, and spent an entire week exploring. I’m planning to visit again and look forward to seeing Brooklyn this time!
I fully expect to criticized by YIMBY members for my thoughts, but I guess they all
live in expensive apartments and condos, with doormen, yoga studios and rooftop lounges?
I hope I’m wrong…
YOU ARE!