The Real Deal New York

APF has big plans for its new Hudson Square office building

The company paid Michael Aryeh $65M for 163 Varick earlier this year
By Will Parker | November 20, 2017 12:18PM

APF Properties’ Kenneth Aschendorf, Berndt Perl and 163 Varick Street in Soho

APF Properties intends to double the height and boost the square footage of its office building at 163 Varick Street, plans filed with the city’s Department of Buildings on Monday show.

According to the plans, the building’s height will increase from six to 12 stories and the commercial square footage will increase from 45,000 to 75,000 square feet. The 11th and 12th floors will have outdoor terrace space and storage and factory space on the second, third and fourth floors will be freed up for new offices. The company also plans to install new ground floor retail, filings show.

APF principal Kenneth Aschendorf declined to comment about the renovation and construction work.

APF bought the commercial building at 163 Varick Street earlier this year from Michael Aryeh, paying $65 million, more than three times what Aryeh had paid for it. At the time, APF announced an overhaul on the property, bringing in the HOK architecture firm for design. It also announced the property would be getting a new address, 60 Charlton Street.

The company owns other commercial properties in Manhattan, such as 286 Madison Avenue and 24 West 57th Street.