The Real Deal New York

Alchemy, Carlyle file for 18-story, 32-unit condo project on UWS

Partners bought the site on Broadway for $51M in February

April 15, 2016 12:26PM
By Dusica Sue Malesevic

horn-2251-stuckey

From left: Alchemy Partners’ Kenneth Horn, (Credit: SCRIVO STUDIO), 2251-2259 Broadway on the Upper West Side and Carlyle Group’s Robert Stuckey

Kenneth Horn’s Alchemy Properties and the Carlyle Group filed plans for a new 32-unit, 18-story residential condominium building on the Upper West Side, according to a permit application filed with the city Department of Buildings Friday.

The building at 2251 Broadway near West 81st Street will span 95,139 square feet, including 11,587 square feet of retail on the first floor and the cellar, the filing shows.

There will be two apartments on the third floor with the fourth through sixth floors having three units each, according to the filing. The seventh through 17th floors will each have two units, and one apartment will take up the entire 18th floor.

The building will also have a bicycle parking room with 39 spots and a rooftop with a terrace, the filing shows.

Alchemy, in partnership with private equity firm the Carlyle Group, purchased a three-story, nearly 20,000-square-foot retail building on the site at 2251-2259 Broadway, also known as 250-256 West 81st Street, for $51 million in February, The Real Deal reported. The pair have yet to file permit applications to demolish the building.

The Carlyle Group and Goldstein, Hill & West, which is serving as the architect on the project, were not immediately available for comment. Alchemy declined to comment.

Alchemy, a Midtown-based development firm, converted the top 30 floors of the iconic Woolworth building into luxury condos, where a penthouse is on the market for $110 million.

MENU