The Real Deal New York

UWS church-to-condo conversion at 361 CPW delayed

The proposals lingers while waiting for BSA decision

February 29, 2016 12:53PM

361 Central Park West

Renderings of 361 Central Park West on the Upper West Side

The move to convert a landmarked Upper West Side church into condominiums is still in limbo as the developer waits for approval from the city Board of Standards and Appeals.

The developers – 361 Central Park West LLC, an entity tied to Brooklyn investor Joseph Brunner — are seeking an exemption from zoning regulations for the former church at 361 Central Park West.

Community Board 7 rejected plans for the conversion in May 2015 and the matter went to the BSA for their decision on whether construction can begin. The plan also needed Landmarks Preservation Commission approval, which it got in March last year. That is also when the BSA process started, New York YIMBY reported.

The developers reduced the number of units from 39 to 35 since the commission approved the plan. The case came before the BSA on Feb. 23, but was postponed until March 8, the website reported.

Brunner acquired the 48,000-square-foot property for $42 million in 2014. Irene Shapiro, the sister of former One Madison Park developer Ira Shapiro, purchased the church for $26 million in the summer of 2014 before flipping it to Brunner. [NY YIMBY]Dusica Sue Malesevic