301 First Avenue

Developer Considering Residential Project at Site Of 24-Story Apartment Tower, 301 First Avenue, Gramercy

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.

327 Rutland Road

Two Three-Story, Six-Unit Residential Buildings Planned at 327 Rutland Road, Prospect Lefferts Gardens

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.

How Much Money Is Donald Trump’s Security Costing New York City?

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.

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