The Real Deal New York

Hersel Torkian aims to turn Midtown garage into resi building

Project by ABH includes 202 apartments and ground-floor retail

September 03, 2014 08:00AM

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33rd-st

38-46 West 33rd Street in Midtown

ABH Realty Group, led by developer Hersel Torkian, filed plans Tuesday to construct a 35-story residential building on the site of an ICON parking garage in Midtown.

The 220,000-square-foot property at 38-46 West 33rd Street would hold 202 units. There will continue to be a parking garage, holding 40 cars, as well as a 4,300-square-foot retail space. Architecture firm Stephen B. Jacobs Group has been tapped to design the structure.

Torkian acquired the garage for $30 million back in 2007. Then, he paid $13.2 million for the air rights above Rick’s Cabaret, the nightclub located at 50 West 33rd Street, according to New York YIMBY.

The eight-story parking garage on the site currently holds 325 cars. [NY YIMBY]Mark Maurer

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