Uptown

54-62 West 125th Street Rendering

Jay Group Secures $37M Financing for Mixed-Use Development at 54-62 West 125th Street in Harlem, Manhattan

After purchasing a five-building site at 54-62 West 125th Street this summer, Developer Jay Group recently secured $37 million in financing to develop the mixed-use property. Their 140,000 square-foot vision in Harlem, Manhattan includes one retail unit and the addition of 141 residential units to the area between Lenox and Fifth Avenues. The projected development site qualifies for both 421-a and Industrial and Commercial Abatement Program tax benefits for the mix of commercial and residential units—30 percent of which will be affordable. JFA is responsible for the design.

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1651 1st Avenue in Yorkville, Manhattan

Extell Files Demolition Permits For 1651 1st Avenue in Yorkville, Manhattan

Full demolition permits have been filed for the six-story brick building at 1651 1st Avenue in Yorkville, Manhattan. The current 62-foot tall structure has been used as walkup housing since 1920, with 16 residential units and two units uses as commercial space on the ground level. It is unclear what plans are in store for the 2,200 square foot lot as no new building permits have been filed. David Rothstein of Extell is listed as the owner of the site.

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2505 Broadway on UWS, Manhattan

19-Story Mixed-Use Building Coming to 2505 Broadway on the Upper West Side

Permits have been filed for a 19-story mixed-use building at 2505 Broadway on the Upper West Side of Manhattan. Located between West 93rd and West 94th Streets, the site is two blocks south of the 96th Street subway station serviced by the 1, 2, and 3 trains. The neighborhood is also serviced by the B and C at the 96th Street subway station on Central Park West. Tomer Yogev of Adam America Real Estate is listed as the owner behind the applications.

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