CIM Group has entered into contract to purchase, for nearly $90 million, the vacant 24-story, 156-unit apartment building at 301 First Avenue, located on the corner of East 17th Street in Gramercy. The future owners of the 200,000-square-foot tower are floating plans to either renovate the property into rental apartments or demolishing it for a new condominium building, The Real Deal reported. The 13,248-square-foot lot is currently overbuilt under present-day zoning laws. The building was built in 1969 to house Mount Sinai Beth Israel medical personnel and was vacated in the summer of 2016.
An anonymous Queens-based LLC has filed applications for two three-story, six-unit residential buildings at 327 and 329 Rutland Road, in Prospect Lefferts Gardens. The new buildings will measure 5,068 square feet each. Across both, the residential units should average 600 square feet apiece, indicative of rental apartments. Sion Hourizadeh’s Floral Park, N.Y.-based engineering firm is the applicant of record. The 4,000-square-foot lot is occupied by a two-story wood-frame house. Demolition permits were filed August.
By the time Donald Trump becomes President of the United States next week, New York City taxpayers will have spent $37 million to keep him and his family safe from harm in Trump Tower. The City Council grilled the NYPD Tuesday over how much it’s going to cost to protect the President if he treats his Manhattan apartment like a weekend “pied-a-terre” for the next four years.
An anonymous Brooklyn-based LLC has filed applications for a four-story, two-unit residential building at 26 Suydam Place, in southern Bedford-Stuyvesant. The new building will measure 3,015 square feet. One of the apartments, measuring roughly 600 square feet, will be located on the ground floor. The second one, measuring roughly 1,800 square feet, will span the second through fourth floors. Olabanji B. Awosika’s Jamaica-based architecture firm is the architect of record. The 18-foot-wide, 1,242-square-foot lot is vacant.
An anonymous Queens-based LLC has filed applications for a four-story, eight-unit residential building at 803 Quincy Street, in Bedford-Stuyvesant. The project will measure 8,300 square feet and its residential units should average 750 square feet apiece, indicative of rental apartments. The structure will also feature an upper-level penthouse. Woody Chen’s Elmhurst-based Infocus Design & Planning is the architect of record. The 3,050-square-foot property is occupied by a three-story townhouse. Demolition permits have not been filed.