Tessler Developments | The Real Deal New York

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Tessler Developments

461 Park Avenue South
New York, NY 10016
212-869-1900
Website
reception@tesslerdevelopments.com
Tessler Developments
Tessler Developments is a real estate development firm that specializes in ultra-luxury condominium projects. Founded and owned by Yitzchak Tessler, the firm made a name for itself with condo conversions in the late 1990s, starting with 66 Leonard Street in TriBeCa and later 150 Nassau Street in the financial district. Among the firm’s most notable buildings are the historic Textile Building, at 295 Fifth Avenue, as well as the Bryant Park Hotel. Tessler Developments also has educational housing at 55 John Street for Pace University and 1760 Third Avenue for LIM College. One of its more recent developments, the glass tower known as One Seventy-Two Madison, will include a “penthouse in reverse” massive apartment on one of its lower floors and a 40-foot base to avoid privacy issues in many of the tower’s other units. Tessler purchased the spot in 2014 and soon raised funds to build the tower. Not all of Tessler’s conversions have been successful. Financing issues jettisoned a planned conversion at 1107 Broadway for one of the International Toy Center buildings.
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Tessler Developments will employ novel architectural stylings to help fit 172 Madison Avenue into its office-heavy surroundings in Midtown, new plans reveal. The 32-story, 69-unit condominium...
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The Chetrit Group unloaded part of its redevelopment project at the former St. Vincent’s Midtown Hospital to an unnamed buyer for $41.4 million, according to...
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Nobel and Pulitzer prize-winning novelist Toni Morrison picked up a three-bedroom condominium at Tessler Development’s 66 Leonard Street. Tags: 66 leonard street ...
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A new 10-story, 18-unit condominium at Park Avenue South launched sales today, Keller Williams NYC, who’s exclusively selling and marketing the building, announced today. The...
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From left: Steve Witkoff, founder of the Witkoff Group, 1107 Broadway, Yitzhak Tessler of Tessler Developments and Eastdil Secured's Adam Spies and Douglas HarmonSteve Witkoff's...
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From left: 855 Sixth Avenue, 110 West 31st Street and 112 West 31st Street (last building credit: PropertyShark) The development partnership Durst Fetner Residential took title...
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  • Event Retail Leasing
  • Address 260 Park Avenue South
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 4,000
notes
The salon signed a lease for its fourth location.
  • Event Sales
  • Address 415 West 51st Street
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 84,700,000
  • Publication Date 02/01/2008
  • Event Date 12/23/2007
  • Party 1 St. Vincent Catholic Medical Centers
  • Party 2 Tessler Development
notes
The two-building hospital site sold for $84.7 million. The buyer plans to renovate the property for residential use.
  • Event Financing
  • Address 855 Sixth Avenue
  • Neighborhood Penn Plaza
  • Borough Manhattan
  • Publication Date 05/01/2007
  • Event Date 03/22/2007
  • Party 1 Tessler Developments, Chetrit Group
  • Party 2 Fremont Investment & Loan
  • Party 2 Brokerage Fremont Investment & Loan
  • Party 2 Broker Craig Lockard
notes
A $105.3 million loan was arranged for the block-front parcel. The site will be developed into a 37-story, 500,000-square-foot mixed-use project with high-end retail on the ground and second floors, Class A office space on floors three through 14 and luxury residential units on the upper levels. Development site
Manhattan, 10013
Ashkenazy Acquisition
66 Leonard Street is a residential building, known as the Textile Building or...
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