Prime Rok Real Estate and Greystone Property Development have purchased the eight-story, 33,000-square-foot building at 164 West 74th Street, on the Upper West Side, for $28 million. According to Commercial Observer, the new owners are planning to convert the building, which is currently Phoenix House’s drug and alcohol rehabilitation facility, into 14 to 18 condominium units. As currently proposed, the structure’s façade will be lightly restored, the rear will be partially demolished, and the interior will be gut-renovated. Barry Rice Architects is designing the conversion, but any alterations to the property will have to be approved by the Landmarks Preservation Commission, as it’s located within the Upper West Side-Central Park West Historic District.
Until now, the residential supertall boom has been focused on the core of Midtown, with One57, 432 Park, 217 West 57th Street, and 111 West 57th Street all rising in the blocks between Eighth and Park avenue. Now, we have fresh renderings for Kohn Pedersen Fox’s entry into a design contest for 151 East 60th Street, which would rise on the corner of Lexington Avenue and East 60th Street, stretching Midtown’s new skyscraper crown a few blocks northeast of its current local maxima.
Most developers building market-rate apartments in the South Bronx have set their sights on Port Morris, a relatively narrow industrial strip that wraps around the southern tip of the borough. But Treetop Development just paid $6 million for a site several blocks north, at 121-129 East 144th Street in Mott Haven.
Developers are slowly starting to pay attention to Kew Gardens, a middle-class neighborhood in eastern Queens with a burgeoning immigrant population. The latest proof comes in the form of a new building application for an eight-story apartment building at 83-67 116th Street, just east of Forest Park.
Haim Levy’s Jamaica-based Phoenix Home Realty Inc. has filed applications for a four-story, four-unit residential building at 526 Kosciuszko Street, in Bedford-Stuyvesant, located two blocks west of the Kosciuszko Street stop on the J train. The new 4,520 square-foot building will rise on a vacant 20-foot-wide lot and will boast full-floor apartment units averaging 1,087 square feet apiece, indicative of condominiums. The same developer is also expanding the adjacent three-story townhouse at 528 Kosciuszko Street. That building will be expanded to 3,692 square feet (a growth of 374 square feet) and will contain three full-floor residential units. Apartments at 528 Kosciuszko will average 1,231 square feet apiece. Queens-based Gerald Caliendo is the architect of record.