Residents of the Yorkville subsection of the Upper East Side are rushing to sell their homes before garbage trucks overrun their posh conclave when a 24-hour waste-transfer station opens in 2015, according to the New York Post.
Construction is set to start next month on a 10-floor building that will receive up to 500 truckloads of garbage every day. The project, which will become Manhattan’s only waste-transfer plant, has spurred dozens of residents to list their homes.
“The waste dump . . . and the stench and the hazard it poses, that was one of the major factors in the decision to move,” Dr. Laurence Orbuch, who recently sold his family’s penthouse condo at 52 East End Avenue, said.
Already, five of the 25 units at 531 East 88th Street, a pre-war apartment building, have either sold or been put up for sale since September, according to the Post.
“The building is having difficulty selling because of the [waste-treatment project],” said Jessica Levine, a broker for Douglas Elliman. “I sold three apartments in this building. I took over the listing from two other agents who had trouble selling.”
Corcoran vice president Victoria Terri-Cote added: “It could have the potential to annihilate the market.” [NYP] –Christopher Cameron