Per The Real Deal, Raphael Toledano has acquired the six-story, 39-unit rental building at 125 West 16th Street, in southeastern Chelsea, for $41.5 million. The new owner plans to add two stories and 20 units to the top of the building, and the existing structure will also be renovated. Madison Realty Capital provided $34 million for the purchase and construction costs.
Anbau Enterprises has closed on the purchase of the five-story apartment building at 203-209 West 79th Street, on the Upper West Side, for $39 million, reports The Real Deal. The developer will go forward with approved plans for a 13-story mixed-use condominium building, and Morris Adjmi is designing. The site has 104,000 square feet of building potential, and demolition permits were recently submitted to knock down the existing building.
The Bed Stuy Blog spotted renderings for a four-story, 31-unit residential building under development by The Iconic Group at 281-291 Tompkins Avenue, in central Bedford-Stuyvesant. The project will technically be an expansion of the existing two-story buildings, and completion is expected in the summer of 2016. Nataliya Donskoy is designing.
Eran Tourgeman, doing business under 635 Holding Corp, has filed applications for a four-story, two-unit mixed-use building measuring 4,520 square feet at the vacant lot 731 Greene Avenue, in central Bedford-Stuyvesant. Sion Hourizadeh, of Sion Consulting Engineering is the architect of record, and the former three-story building was demolished in 2009.
An LLC has filed applications for a three-story, six-unit residential building measuring nearly 6,000 square feet at the vacant lot 338 Devoe Street, in East Williamsburg. Yosef Gottdeinder, of YSG Services, is designing, and the former two-story structure was demolished in 2011.
