Only placed on the market earlier this month, Kuafu Properties is in contract to acquire the development assemblage spanning 143-161 East 60th Street, on the northern edge of Midtown East, for more than $300 million. A 280,000 square-foot residential building with a retail portion could be accommodated at the site, and rumor has it that condominiums are likely planned. Six low-rise buildings — the largest being 11 stories — currently occupy the site.
Parkoff Organization has acquired the single-story, 12,200 square-foot retail building at 107-01 71st Avenue, near the LIRR stop in Forest Hills, for $28 million. The property has roughly 20,000 square feet of unused air rights, and the new owners plan to add multiple floors to the existing structure. Citibank currently leases out the building and is planning to operate on the ground floor after redevelopment.
Exclusive Homes New York, LLC, has filed applications for a six-story, six-unit residential building at the vacant lot at 13 East 128th Street, in northern East Harlem, between 5th and Madison avenues. The building will measure 6,555 square feet, which works out to units measuring an average of nearly 1,100 square feet. Per Schedule A, each residence will have their own floor, and condos appear likely. Issac & Stern Architects is designing.
S Land Development has filed applications for a five-story, eight-unit residential building at 1255 Decatur Street, in eastern Bushwick, three short blocks away from the Wilson Avenue stop on the L line. Units will average 665 square feet apiece, indicating that the 5,310 square-foot building will be probably be a rental. The existing recessed two-story, two-unit structure passed pre-demolition inspection in 2014, and Charles Diehl is the architect of record.
Developer and designer ASH NYC has received $21 million in construction financing for their planned five-story, 63-unit mixed-use building at 336 Himrod Street, in northern Bushwick. Commercial Observer reports that the main Dannenhoffer’s Opalescent Glassworks building will be integrated into the development, which will feature 4,570 square feet of retail and another 1,570 square feet of community space. Hustvedt Cutler Architects is the architect of record.