Midtown East

940 First Avenue

14-Story, 13-Unit Condo Building Filed At 940 First Avenue, Midtown East

Bed-Stuy-based CS Real Estate has filed applications for a 14-story, 13-unit mixed-use building at 940 First Avenue, in Midtown East, three blocks from the E, M or 6 subways caught on Lexington Avenue at 51st or 53rd Streets. The building will measure 17,450 square feet in total, and will feature 1,073 square feet of commercial-retail space on the first floor. Above, full-floor units will measure 1,210 square feet apiece, likely indicative of condos. Karl Fischer is the architect of record, and an old four-story tenement must first be demolished.


225 East 39th Street

Foundation Work Underway For 36-Story, 372-Unit Residential Building At 225 East 39th Street, Midtown East

Permits were filed early last year for a 36-story, 372-unit residential building at 225 East 39th Street/222 East 40th Street, in Midtown East, and YIMBY later revealed renderings of the project that summer. Since then, a six-story garage was demolished, and now foundation work is underway, per Curbed. The rental units — 20 percent of which will be let at below market rates — will spread across 343,187 square feet of space, with units averaging 922 square feet apiece. Fisher Brothers is developing, and Handel Architects is designing, with completion expected in 2017.


222 East 46th Street

Development Site At 222 East 46th Street Placed On The Market, Midtown East

The Dupler Group is putting the land under a five-story office building at 222-226 East 46th Street, in Midtown East, on the market as a 99-year lease; the property is being valued at around $30 million. The site contains 72,000 square feet of development rights, and a developer could demolished the existing structure for a 33-story residential tower with as many as 96 rental units. Newmark Grubb Knight Frank is marketing the property, per The Real Deal.



426 East 58th Street

Air Rights Assembled For 900’+ Condo Tower At 426 East 58th Street, Midtown East

Bauhouse Group has acquired 109,000 square feet of additional air rights for their development site spanning 426-432 East 58th Street, in Midtown East, for $37.9 million. The most recently released plans depict a 95-unit Foster + Partners-designed condominium tower, measuring 268,000 square feet and standing over 900 feet tall. The developer is moving forward with an as-of-right project, according to The Real Deal.


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