200 Amsterdam’s condos are back on the market

Opponents have once again challenged 52-story tower

New York /
Apr.April 05, 2021 01:00 PM
SJP Properties' Steven Pozycki and 200 Amsterdam Ave

SJP Properties’ Steven Pozycki and 200 Amsterdam Ave

UPDATE, April 6 2021, 9:45 a.m.: After a year of court battles, the condos at 200 Amsterdam Avenue are back on the market.

Developer SJP Properties and partner Mitsui Fudosan have resumed marketing 112 units in the controversial Upper West Side tower, the New York Post reported. Brown Harris Stevens will market the apartments, per the report, with units starting at $3.1 million, according to listings on StreetEasy.

Opponents of the project initially challenged the tower’s approval to the Board of Standards and Appeals in 2017. The case subsequently made its way through the court system, and in February 2020, a judge sided with the opponents and ordered the developers to trim 20 stories from the 52-story tower. But the state Appellate Division unanimously reversed the ruling last month, noting that the developer had a valid permit.

It took another month for the developer to resume the sale to gauge the luxury real estate market, which has softened during the pandemic — although sales have turned around recently.

“We had a tremendous positive reaction by brokers and buyers since the latest ruling,” SJP CEO Steven Pozycki told the publication. “Buyers who came in two years ago have been waiting for us to come back.”

He noted that many of the prospective buyers are from the neighborhood.

Last week, opponents of the project made one last effort to halt the project, asking the Court of Appeals to take up the case. The court has yet to issue a decision.

[NYP] — Akiko Matsuda

CORRECTION: An earlier version of this story stated that the building has 120 condos; it has 112 condos.





    Related Articles

    arrow_forward_ios
    Aby Rosen and the Gramercy Hotel (Getty, Google Maps)
    Solil Management sues to end RFR’s Gramercy Park Hotel lease
    Solil Management sues to end RFR’s Gramercy Park Hotel lease
    Photo illustration of Fredrik Eklund and Dottie Herman (iStock, Getty)
    Douglas Elliman expands into tight Texas housing market
    Douglas Elliman expands into tight Texas housing market
    15 Central Park West penthouse and Lindsay Rosenwald (Google Maps, BHS, Fortress)
    15 Central Park West penthouse sells for $46.7M
    15 Central Park West penthouse sells for $46.7M
    (iStock)
    Hot, hot, hot: Resi market sets new price records in March
    Hot, hot, hot: Resi market sets new price records in March
    Housing starts soared in March, which is good news for a residential market hampered by low inventory and high demand. (iStock)
    Good news: March housing starts soar 19%
    Good news: March housing starts soar 19%
    420 Stockholm Street in Bushwick with State Attorney General Letitia James (Google Maps, Getty)
    Ownership dispute at Brooklyn rental puts affordable tax break at risk, city says
    Ownership dispute at Brooklyn rental puts affordable tax break at risk, city says
    Ilan Bracha (Getty)
    From boss to broker: Ilan Bracha joins Corcoran
    From boss to broker: Ilan Bracha joins Corcoran
    Duke Properties’ CEO Albert Dweck. (Duke)
    Duke Properties’ CEO used company funds for lavish lifestyle: lawsuit
    Duke Properties’ CEO used company funds for lavish lifestyle: lawsuit
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...