The Lightstone Group has acquired the six-story, 40-unit rental building at 40 East End Avenue, in Yorkville, for $34 million, and plans to demolish the building for a condominium project. According to Commercial Observer, the new building will stand 18 stories and have 30 condo units, although applications have yet to be filed with the DOB; Deborah Berke Partners is designing.
Prodigy Network has filed applications to convert and expand the existing 15-story, 104,500 square-foot commercial building at 17 John Street, in the Financial District, to a 23-story, 194-key extended-stay hotel; office and retail space is also planned. The expanded building will measure roughly 149,600 square feet, and Woods Bagot is designing, while Mancini Duffy is serving as the architect of record. The existing building was acquired for $85 million in 2014, according to The Real Deal.
Property owner Yoel Werzberger, head of Seventeen Monitor LLC, has filed applications for a four-story, 10-unit residential building at 4 North Henry Street, on a partially vacant property in northern Williamsburg. An existing three-story residential building, at the southwestern corner of the zoning lot, will stay, and the new 9,316 square-foot building will rise to the north. Nataliya Donskoy’s ND Architecture & Design is designing.
Keith Singh, president of 34 Avenue Corp., and property owner of the vacant lot at 95-12 86th Street, in northern Ozone Park, has filed applications for a three-story, three-unit residential building. The new structure will have 5,940 square feet of residential space, and BCD Consultant is the architect of record. The HPD demolished the site’s old two-story, two-unit building in 2010.
Affordable housing developer Phipps Houses is in contract to acquire the 300,000 square-foot, block-long property at 3301 Atlantic Avenue, in eastern Cypress Hill, for $38 million. The existing low-rise factory building is burnt-out following a fire in 2012.
