130 2nd Avenue

Mixed-Use Development Site At 130 2nd Avenue Sells in the East Village

Stellar Management has acquired the two-story, 4,760 square-foot bank building at 130 2nd Avenue, in the East Village, for $12 million from J.P. Morgan Chase, Commercial Observer reports. The 2,380 square-foot corner site could be redeveloped into a 9,520 square-foot residential building with retail space. At the corner of St. Marks Place, the site is just two blocks from the 6 train’s stop at Astor Place.



347 Bowery

13-Story, Five-Unit Mixed-Use Building Rises At 347 Bowery, East Village

Early in 2014, YIMBY reported on filings for a 13-story mixed-use project at 347 Bowery, in the East Village, and later the same year, the site’s three-story building was demolished to make way for the development. Now, per EV Grieve, the 22,857 square-foot building is a story above ground level, and will feature five three-bedroom condominiums. Additionally, three retail units will spread across 10,800 square feet on the first two floors. Urban Muse is developing, and Annabelle Selldorf is designing.


600 bushwick avenue rendering 1

Six-Story, 64-Unit Mixed-Use Conversion At 600 Bushwick Avenue Gets Financed, Bushwick

This past summer, YIMBY revealed renderings of Cayuga Capital’s six-story, 64-unit mixed-use conversion of the two-story warehouse at 600 Bushwick Avenue, in northern Bushwick. According to Crain’s, the developer has landed $28 million in financing for the 63,000 square-foot building, which will feature 12,500 and 2,500 square feet of retail and medical offices, respectively, on the ground floor. Ground was broken on the rental project in August, and completion is expected sometime in 2017. Hustvedt Cutler Architects is the applicant of record.


65-38 Austin Street

Seven-Story, 65-Unit Condo Building Underway At 65-38 Austin Street, Rego Park

In October 2014, YIMBY reported on filings for a seven-story residential project at 65-38 Austin Street, in Rego Park, and now the building is currently under construction, according to DNAinfo. The building will have 65 condos across 55,630 square feet of space, for average units of 855 square feet; there will be 30 one-bedroom, 30 two-bedroom and five three-bedroom units. Bayside-based Yin Hu is the developer, and Angelo Ng + Anthony Ng Architects Studio is the applicant of record. Completion is expected sometime 2016.