Penthouse at Cabrini Medical conversion to ask $33M

Sellout at Chetrit and Bistricer's Gramercy Square would net $754M

TRD New York /
Jul.July 02, 2015 04:50 PM

Prices at Joseph Chetrit and David Bistricer’s residential conversion of the fomer Cabrini Medical Center in Gramercy Park have been revealed, with the project’s most expensive unit asking $33 million.

A sellout at the four-building, 223-unit development, known as Gramercy Square, would net $754 million. The developers — the Chetrit Group and Bistricer’s Clipper Equity — acquired the property from Memorial Sloan-Kettering Cancer Center for $150 million in 2013, with condo units expected to hit the market this summer.

Asking prices at the project’s largest building, a 140-unit property at 215 East 19th Street, start at $1.2 million for a 640-square-foot studio and range up to $33 million for a 7,120-square-foot penthouse that also features 5,380 square feet of outdoor space, according to Curbed.

Eight full-floor apartments at 220 East 20th Street will start at $5.4 million for a 2,247-square-foot, three-bedroom unit, and peak at $8.25 million for a four-bedroom, 3,528-square-foot penthouse with a 2,503-square-foot terrace.

Prices at the 54-unit 225 East 19th Street will range from $885,000 for a 543-square-foot studio to $7.5 million for a three-bedroom, 2,684-square-foot penthouse featuring 1,432 square feet of outdoor space.

Another 54-unit building at 230 East 20th Street will have asks starting at $1.3 million for a 638-square-foot, one-bedroom apartment and ranging up to $11.95 million for a four-bedroom, 4,495-square-foot penthouse featuring a 2,697-square-foot terrace.

Renderings for Gramercy Square were released earlier this year. [Curbed] — Rey Mashayekhi


Related Articles

arrow_forward_ios
The Daily News Building at 220 East 42nd Street and SL Green CEO Marc Holliday (Credit: Getty Images)

Jacob Chetrit buying Daily News building from SL Green for $815M

Chetrit buys national portfolio of 10K+ rental units

Chetrit buys national portfolio of 10K+ rental units

Joseph Chetrit and 500 Metropolitan Avenue

Chetrit Group lands $133M refi for Williamsburg resi, hotel project

David Bistricer and 21 West 86th Street (Credit: Studio Scrivo, Google Maps)

Clipper Equity plans $204M conversion of UWS rental

According to the lawsuit, the water is damaging the home of the developer's downstairs neighbor

Jacob Chetrit’s UES penthouse is leaking dirty water into his downstairs neighbor’s home: lawsuit

Clipper Equity will soon make $15M a year from the city at 250 Livingston. And it may be a below-market deal.

Clipper Equity will soon make $15M a year from the city at 250 Livingston. And it may be a below-market deal.

Chetrit Group just bagged a $152M refi for historic FiDi office building

Chetrit Group just bagged a $152M refi for historic FiDi office building

60 Guilders, RCG Longview team up to buy UES dorm for $200M-plus

60 Guilders, RCG Longview team up to buy UES dorm for $200M-plus

arrow_forward_ios