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    616 First Avenue

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

    616 First Avenue is an 823,973 square foot building in the Murray Hill neighborhood of Manhattan. The property has 761 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 Otte Architecture
    • PLANS DISCLOSED 04/02/2013
    • dob permit issued 06/23/2017
    • tco issued 11/25/2016
    • DOB FILE PLANS 04/02/2013
    • DOB FILE Link
    • height in feet 511
    • floors 47
    • residential units 761
    • total units 761
    • 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
    • Publication Date 04/01/2013
    • Event Date 02/20/2013
    • Party 1 Solow Residential
    • Party 1 Brokerage Savills Studley
    • Party 1 Broker Woody Heller
    • Party 2 JDS Development Group
    notes
    The full block sold for $172.13 million. The buyers plan to build two apartment towers totaling 800 units.
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