The Real Deal New York

Prospect Heights rental building to double in height, size

January 13, 2014 04:05PM

85 Eastern Parkway

85 Eastern Parkway

The owner of a Prospect Heights building is spending roughly $1 million more than he paid for the property one year ago to expand the building by nearly twice its current size.

The planned overhaul of the Martha Washington building at 85 Eastern Parkway will lift the six-story property to 14 stories and boost the number of apartment offerings from 42 to 82 units. The finished product will span 76,183 square feet and include a duplex that occupies the entire top two floors.

The overhaul is estimated to cost $3.25 million. Owned by Nagal Mordhai, according to recent filings with the Department of Buildings, the property last changed hands in 2012 for $2.21 million, according to city records. Architect Sandor Weiss of Anno Mundi is handling the revamped design, according to BuzzBuzzHome. [BuzzBuzzHome]Julie Strickland

  • Mr bob dobolina

    35000 sf enlargement 14 stories up…. For 3 mil? Lmfao $85/sf who’s building it convicts on work release?

  • WBM

    Yeah, these numbers do not add up AT ALL. First the purchase price: 2012 was a slow year in terms of real estate, but still that number seems incredibly low for a building of that size across the street from the museum, library, botanic garden, and park. Next, I agree with commenter “Bob” that the construction cost is impossibly low. Either the facts are wrong in this article, or it is going to be lowest quality building in NYC.

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