The Real Deal New York

Elias Kalimian planning 22-story Midtown resi building

60K sf development would house 75 apartments and ground-level retail

October 29, 2015 12:10PM
By Rey Mashayekhi

232 East 54th Street

232 East 54th Street in Midtown East

Elias Kalimian’s Elk Investors is planning a new 22-story residential building in Midtown East between Second and Third avenues, according to permit applications filed with the city Thursday.

The new development at 232 East 54th Street would house 75 apartments across nearly 60,000 square feet of residential space. It would also hold 585 square feet of ground-level retail space.

Ismael Leyva Architects is the project’s architect of record. Demolition permits were filed last week for the existing five-story, 20-unit rental building on the property, which Kalimian acquired in 1993 for an undisclosed amount, according to city property records.

The new residential building would feature two duplex apartments spanning the first and cellar levels, while the second floor would have four units and the third and fourth floors would each hold five apartments, according to the filing.

The fifth through eighth floors would have six units each, while the ninth through 16th floors would each hold three apartments and the 17th through 21st floors would have two units per floor.

A single duplex would top off the building’s 21st and 22nd floors, with several units also receiving private terraces and the building holding an additional rooftop terrace.

Neither Elk Investors nor Ismael Leyva Architects returned requests for comment.