Bonjour Capital

1735 York Avenue

Renovations Planned at 37-Story, 265-Unit Rental Tower at 1735 York Avenue, Upper East Side

Earlier this month, Bonjour Capital entered into contract to purchase, for roughly $140 million, the 37-story, 265-unit rental apartment tower at 1735 York Avenue, located on the corner of East 90th Street, in the Yorkville section of the Upper East Side. The future owner is planning to renovate and rebrand the residential tower, currently dubbed the Hamilton, as the Serrano. Renderings of the renovation have now been revealed by The Real Deal. It appears upgrades will be made to the lobby and the amenity areas. Existing amenities in the 280,0000square-foot building include tenant services, a fitness center, an outdoor patio, a rooftop deck, a children’s playroom, and a greenhouse. Bonjour Capital recently secured $104 million in financing for the acquisition. The tower was built in 1986 by Glenwood Management.


1988 Second Avenue

12-Story, 120,000-Square-Foot Residential Building Planned at 1988-1996 Second Avenue, East Harlem

In 2015, Bonjour Capital acquired the 11,857-square-foot development site at 1988-1996 Second Avenue and 303 East 102nd Street – located between East 102nd and 103rd streets in East Harlem – for roughly $25 million. Now, it has been revealed that the developer is planning a 12- or 13-story, 120,000-square-foot residential building at the site, Crain’s reports. The units will be rental apartments, although the number of them is not currently known. The site can accommodate 71,142 square feet of residential space as-of-right, but the site comes with addition air rights, boosting that figure to roughly 120,000 square feet. Groundbreaking is expected by the end of the year, with completion scheduled for early 2019. All seven of the assembled lots are currently vacant.



508 Waverly Avenue, rendering by DJ Associates

Revealed: 508 Waverly Avenue, Clinton Hill

As Clinton Hill makes the transition from gentrifying fringe to solidly prime Brooklyn neighborhood, condos are starting to displace rentals as the residential product of choice for developers. Condos come with heftier price tags, but also…

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59 Franklin Street

Permits Filed: 59 Franklin Street

Bonjour Capital has filed applications to construct a new 18-story building at 59 Franklin Street, in Tribeca, between Church and Broadway. The architect of record is Goldner. Permits reveal a total scope of 89,080 square feet,…

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