117 West 79th Street

Residential Conversion Planned for 108-Unit Park 79 Hotel SRO at 117 West 79th Street, Upper West Side

6:30 am on July 8, 2016 By Reid Wilson

Fairstead Capital has purchased the vacant seven-story, 108-key Park 79 Hotel at 117 West 79th Street, on the Upper West Side, for $22.5 million. The new owners plan to convert the 32,172-square-foot SRO building into an undisclosed number of residential apartments. It’s unclear whether the apartments will be rentals or condominiums. Park 79 Hotel closed late last year after receiving a slew of violations from the Buildings Department. Before the property was an illegal hotel, it was supposed to be a single room occupancy building for low-income tenants, Real Estate Weekly reported. The property comes with 27,780 square feet of air rights, allowing for a potential expansion. It’s also located within the Upper West Side/Central Park West Historic District, which means the Landmarks Preservation Commission must approve any exterior alterations.

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73-79 Bond Street (a.k.a. 390 State Street). Photo by Tectonic

Construction Wraps on Five Four-Story, Single-Family Townhouses at 73-79 Bond Street, Boerum Hill

6:00 am on July 8, 2016 By Reid Wilson

Construction is wrapping on five four-story, single-family townhouses being constructed at 73-79 Bond Street (a.k.a. 390 State Street), in Boerum Hill. The construction progress can be seen thanks to a photo taken by Tectonic. The 49-foot-tall townhouses will each measure between 4,310 square feet and 4,566 square feet, which includes an average 2,396 square feet of livable residential space. All of them will include four bedrooms, a single-car garage in the cellar, and a roof terrace equipped with a gas grill. Other features include a screening room and bar in the sub-cellars, and private laundry facilities. Adam America Real Estate is the developer and Hudson Square-based Ben Hansen Architect is responsible for the design. Move-ins are expected in the next few months.

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175 Delancey Street

14-Story, 100-Unit Mixed-Use Building Rises to Eighth Floor at Essex Crossing’s 175 Delancey Street, Lower East Side

4:00 pm on July 7, 2016 By Reid Wilson

The 14-story, 100-unit mixed-use building under development at 175 Delancey Street, on the Lower East Side, is now eight stories above street level, which is a seven-story increase since April. A photo of the construction progress can be seen via the YIMBY Forums by Tectonic. The latest building permits indicate the structure will measure 177,950 square feet. The project’s four-story base will host a 55,000-square-foot medical facility run by NYU Langone Medical Center, 6,060 square feet of retail on the ground floor, a 24,000-square-foot educational facility, a 13,000-square-foot senior center fit with a coffee shop, and a 4,000-square-foot garden terrace. There will be 100 affordable senior housing units on the 10 floors above. Amenities include laundry facilities and storage for 57 bikes. Delancey Street Associates, comprised of L+M Development Partners, Taconic Investment Partners, and BFC Partners, is the developer. Dattner Architects is designing. The building is Site 6 of the Essex Crossing mega-development, and completion of this component is expected in 2017.

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148-11 15th Avenue

Twin Two-Story, Two-Family Houses Coming to 148-11 15th Avenue, Whitestone

3:00 pm on July 7, 2016 By Reid Wilson

Queens-based property owner Bi Quan Zhou has filed applications for two two-story, two-family houses at 148-09 – 148-11 15th Avenue, in Whitestone. Each will measure 2,109 square feet and their full-floor residential units should average 1,054 square feet apiece, indicative of family-sized configurations. Amenities include laundry facilities in the cellar and storage space, located in the cellar and attic areas. Each house will also include separate two-car, 315-square-foot garages in the back of the property. Fu Ky’s Flushing-based Flushing Engineering Services is the applicant of record. The 75-foot-wide, 7,500-square-foot plot is currently occupied by a two-story, single-family house. Demolition permits were filed in March.

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1358 Odell Street

Six-Story, Seven-Unit Mixed-Use Building Filed at 1358 Odell Street, Parkchester

2:00 pm on July 7, 2016 By Reid Wilson

Woodside-based property owner Jakey Patwari, head of New Haven Co. of NY Inc., has filed applications for a six-story, seven-unit mixed-use building at 1358 Odell Street, in the East Bronx’s Parkchester section. The structure will encompass 13,475 square feet. It will feature 2,229 square feet of commercial space and 2,191 square feet of community space across the cellar through second floors (likely for retail and medical offices), followed by seven residential units across the third through sixth floors. The units should average 807 square feet apiece, indicative of rental apartments. Ling Li’s Flushing-based architectural firm is the architect of record. The 25-foot-wide, 2,575-square-foot property is currently vacant. It’s located two blocks from the Castle Hill Avenue stop on the 6 train.

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