The Manhattan Skyline-developed boutique Story House condominium has sold out, according to a release from the developers. The top-floor penthouse was the final unit to sell; it traded hands for $4.3 million. [more]
Murray Hill / Gramercy neighborhood news
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The Witkoff Group will shell out $300 million on its 10 Madison Square West condominium conversion project, the New York Times reported.
The developer paid $190 million at auction in 2011 for the 16-story 380,000-square-foot building at 1107 Broadway that was once part of the International Toy Center, CEO Steven Witkoff told the Times. The property will be converted into 125 luxury condominiums. [more]
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Hotel mogul Sam Nazarian and Moin Development’s David Moinian have purchased a pet hospital next to their 444 Park Avenue South hotel conversion project, according to a release from Daniel T Enterprises, a commercial real estate firm that brokered the deal. The duo paid $4 million for the 4,200-square-foot property, located at 47 East 30th Street, which will be an addition to their hotel, the release said. [more]
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On the hunt for cheap housing in the city? You might have to convert. It’s possible to rent a room inside a Gramercy Park home for under $500 monthly, but with one caveat — you need to be a Mennonite, or at least know one.
The home — dubbed Menno House — is located at 314 East 19th Street off Second Avenue. The mortgage is paid, and rent, which for some is as low as $460 per month, is used for upkeep. The average monthly rent in the neighborhood is $3,600, according to StreetEasy. [more]
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The first rendering of 10 Madison Square West, the condominium development planned for a portion of the Toy Building in the Flatiron District, has been revealed, Curbed reported. The reveal comes about a month after the new development launched a teaser website and posted building signage.
The 125-unit condo, which has a mix of one- to five-bedroom units, anticipates an official sales launch late this spring, as previously reported. [more]
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Welkom! The Dutch-inspired Huys condominium in Kips Bay has released its first listings, including a 602-square-foot studio unit for $1.1 million and a 1,564-square-foot two-bedroom home for $3.7 million. Curbed spotted the listings on Streeteasy.com. [more]
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[caption id="attachment_220905" align="alignright" width="141"]
O. Aldon James[/caption]
Former National Arts Club President O. Aldon James, his twin brother John James, both 65, and former club member Steven Leitner, 81, filed a petition today in New York State Supreme Court seeking to block a February decision by the club to expel them. If the three men are expelled, they would no longer be permitted to live in their below-market rate apartments in the building located at 15 Gramercy Park South, between Park Avenue South and Third Avenue. The new filing names the club, its board of governors as well as seven individual officers and governors of the club as respondents…. [more]
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J.D. Carlisle Development Corp. has pressured the local community board into withdrawing support for a farmers’ market that operates in front of Kips Bay Plaza on Sundays, DNAinfo reported. The developer has made deals with retailers, such as Fairway and Staples, for space at the retail complex. [more]
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Manhattan-based real estate investment firm Atlas Capital Group has acquired the Eastgate Tower Hotel, a 187-key property at 224 East 39th Street, from a Rhode Island-based hospitality company. The deal for the Murray Hill property closed November 8, according to public records filed with the city today. The closing price was $69 million.
Atlas plans on converting the 147,000-square-foot property into a 190-unit luxury rental building, according to its website. The building features an 86-space parking garage. [more]
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The Madison Belvedere, a rental property located at 10 East 29th Street between Madison and Fifth avenues, has sold for $300 million, sources told the New York Post.
The property, owned by Rose Associates, was marketed by the Studley team of Woody Heller, Will Silverman, Eric Negrin and Daniel Parker. Invesco purchased the building on behalf of a client. [more]











