Spruce Capital Partners returns to UES with resi building

Property will have 15 units, most of which will occupy entire floors

TRD New York /
Jan.January 04, 2019 01:30 PM

323 East 79th Street (Credit: Google Maps)

Spruce Capital Partners got a taste of the Upper East Side five years ago with a condominium on 78th Street, and it’s back in the neighborhood with another project.

The developer on Friday filed plans for a new 35,000-square-foot, 17-story residential building at 323 East 79th Street. It will house 15 units, most of which will occupy either a full floor or two floors, which suggests another condo.

Spruce Capital did not immediately return a request for comment.

In 2014, it launched sales at 151 East 78th Street, a 14-unit luxury development with a sellout of $179 million. All of the units sold.

Spruce Capital picked up the site on 79th Street — a four-story commercial and office property — in 2017 for $12.75 million. The seller was the First Hungarian Literary Society of New York.

Related Articles

Alex Rodriguez (Photos by Guerin Blask)

A-Rod is coming for NYC and SoFla real estate

There will be 70 agents based at the new office (Credit: iStock)

Compass opens Long Island City office as new-development sales surge

California passes landmark rent control law

The Daily Digest - Tuesday

New life for Toys “R” Us, Masa Son is “embarrassed” with the Vision Fund: Daily digest

Nooklyn CEO Harley Courts (Credit: iStock)

Brokerage slashes agent commissions, delays payments after rent law change

The Daily Digest - Tuesday

NYC apartment prices hit 4-year low, Pacific Park developers reveal new plans: Daily digest

LeBron wanted it and California’s governor signed it. What the college athlete compensation law means to real estate

Racial inequality in homeownership across US is sharpest in New York: report