616 First Avenue | The Real Deal New York

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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

01/24/14
...crane on the site of Michael Stern’s 616 First Avenue development punched a hole in an adjacent school. The Real Deal reported the allegation...

03/15/13
...Group was a partner in the acquisition of 616 First Avenue. The firm is not involved...

05/29/12
...the New York Post reported. The site, at 616 First Avenue between 35th and 36th streets, has 730,240 buildable square feet with permits in place for...

...build residential and office towers on the parcels 616 First Avenue between 35th and 36th streets; 685 First Avenue between 39th and 40th streets; 708 First Avenue...
  • 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.
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