The Real Deal New York

Inside Anbau’s retail-to-condo transformation on UES

Luxury condos will range from $8.9 million to $18 million
March 05, 2014 02:55PM

Once home to a candy shop, the retail space inside a marble building on the Upper East Side has been rebuilt from the ground up as duplex condominiums by development firm Anbau Enterprises.

Currently under construction are seven four- to five-bedroom units, including a masionette and a penthouse, at 155 East 79th Street. The BKSK Architects-designed apartments, ranging from 3,300 to 4,500 square feet, will be priced anywhere from $8.9 million to $18 million when sales launch later this spring.

Thus far, the developer has taken out three separate loans totaling more than $30 million for the development, according to property records. The apartments will be ready for occupancy in early 2015, Curbed reported.

Anbau is also converting three other Upper East Side properties at 1711, 1713 and 1915 First Avenue. [Curbed] — Angela Hunt