Elmo Realty recently closed on a $26 million loan to finance the construction of an eight-story mixed-use building at 2535 Frederick Douglass Boulevard in Harlem, Manhattan. When complete, the property will comprise nearly 24,000 square feet of 53 rental apartments and commercial space.
Construction is complete on Charlotte of The Upper West Side, a nine-story residential building at 470 Columbus Avenue on Manhattan’s Upper West Side. Designed by BKSK Architects and developed by The Roe Corporation, the structure was engineered to Passive House standards and yields seven full-floor condominium units with interiors designed by Alyssa Kapito Interiors and BKSK. Compass and CORE are handling sales and marketing for the property, which is located between West 82nd and 83rd Streets, just north of the American Museum of Natural History.
Construction has reached street level on 760 Madison Avenue, a 12-story mixed-use building in the Lenox Hill section of Manhattan’s Upper East Side. Designed by COOKFOX and developed by SL Green Realty in a collaborative partnership with Giorgio Armani Corp., the 189-foot-tall structure will yield 91,179 square feet with ten condominium units and a 19,387-square-foot Giorgio Armani flagship boutique. Leeding Builders Group is the general contractor for the property, which is located at the corner of Madison Avenue and East 65th Street.
Construction continues to rise on 250 East 83rd Street, a 31-story residential building in the Yorkville section of Manhattan’s Upper East Side. Designed by SLCE Architects and developed by The Torkian Group, the 370-foot-tall structure will yield 128 residential units with interiors by Lemay_id, as well as ground-floor retail space. Cauldwell Wingate Company is the general contractor for the property, which is located at the corner of Second Avenue and East 83rd Street.
The affordable housing lottery has launched for home sales at 107 West 105th Street, a five-story residential building built in 1930 on the Upper West Side of Manhattan. The pre-war walk-up yields 15 residences, which have been gut renovated and are equipped with energy-efficient appliances. Available on NYC Housing Connect are three units for sale for residents at 110 percent of the area median income (AMI), ranging in eligible income from $102,000 to $158,510.
