616 First Avenue | TRD Research
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616 First Avenue

616 First Avenue
New York, NY 10016
646-625-3640
Residential, Leasing/Rental, Multifamily

616 First Avenue is an 823,973 square foot building in the Murray Hill neighborhood of Manhattan. The property has 511 total units and an occupancy classification of R-2 - Residential: Apartment Houses. The building is owned by JDS Development Group. The building was completed in November of 2016.

  • Address 616 First Avenue
  • neighborhood Murray Hill
  • borough Manhattan
  • owner JDS Development Group
  • developer JDS Development Group
  • owner entity 616 FIRST AVENUE LLC
  • architect SHoP Architects
  • PLANS DISCLOSED 04/02/2013
  • dob permit issued 11/07/2014
  • tco issued 11/25/2016
  • DOB FILE PLANS 04/02/2013
  • DOB FILE Link
  • height in feet 511
  • floors 47
  • residential units 511
  • square feet 823,973
  • const. status Building Complete
  • block and lot 1-00967-0001
  • BIN 1089237
  • Event Retail Leasing
  • Address 626 First Avenue
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 1,795
notes
The cafe signed a lease for the Murray Hill building.
  • Event Financing
  • Address 626 First Avenue
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 922,828
  • Price $ 500,000,000
notes
The company secured a $500 million senior loan for the multifamily two rental towers with ground-retail.
  • Event Financing
  • Address 626 First Avenue
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 922,828
  • Price $ 160,000,000
notes
The company secured a $160 mezzanine loan for the multifamily two rental towers with ground-retail.
  • Event Sales
  • Address 616 First Avenue
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 880,000
  • Price $ 172,130,000
  • Price per foot $ 195.60
notes
The full block sold for $172.13 million. The buyers plan to build two apartment towers totaling 800 units.