Permits have been filed for a six-story residential building at 1600 Lexington Avenue on Manhattan’s Upper East Side. Located between East 101st Street and East 102nd Street, the lot is one block south of the 103rd Street subway station, served by the 6 train. Peter Park is listed as the owner behind the applications.
Construction is nearly complete on 200 East 75th Street, an 18-story residential building on Manhattan’s Upper East Side. Developed by EJS Group and designed by Beyer Blinder Belle Architects, the 36-unit building is more than 70 percent sold, with closings set to begin this summer.
Construction is wrapping up on The Duchess, a 22-story residential building at 300 East 83rd Street in the Yorkville section of Manhattan’s Upper East Side. Designed by SLCE Architects and developed by Lalezarian Properties, the 235-foot-tall structure spans 93,682 square feet and yields 70 rental units, as well as ground-floor retail space. A portion of the residential inventory will be designated for affordable housing. The property is alternately addressed as 1594-1598 Second Avenue and located at the corner of East 83rd Street and Second Avenue.
The affordable housing lottery has launched for 1026 Third Avenue, a 24-story residential building on Manhattan’s Upper East Side. Designed by Ismael Leyva Architects and developed by Kahen Properties, the structure yields 81 residences. Available on NYC Housing Connect are 27 units for residents at 40 to 130 percent of the area median income (AMI), ranging in eligible income from $38,572 to $218,010.
A&E Real Estate has acquired Rivers Bend, a 21-story rental apartment building on Manhattan’s Upper East Side. The company purchased the 179-unit property at 501 East 87th Street from Soloviev Group for $116.5 million, equating to approximately $547,000 per unit.