Eleven East Sixty Eighth Street Condominium | The Real Deal New York

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Eleven East Sixty Eighth Street Condominium

11 East 68th Street
New York, NY 10065
212-300-8000
Retail, Residential, Sales, Conversion, Leasing/Rental, Condo (Building)

The sponsor(s) filed plans on 04/20/12 for a condo project at 11 East 68th Street with 29 residential units. The sponsor(s) were approved to market the units for sale on 03/26/13. TRData has determined that the sponsor(s) have sold more than 80 percent of the sponsor units in the building.

  • Address 11 East 68th Street
  • neighborhood Lenox Hill
  • borough Manhattan
  • owner HFZ CAPITAL GROUP
  • developer HFZ CAPITAL GROUP
  • owner entity SIEGEL, MERRYL, SIEGEL, PAUL, SIEGEL, SARI
  • sales/marketing Douglas Elliman
  • PLANS DISCLOSED 04/20/2012
  • dob permit issued 08/16/2013
  • tco issued 02/22/2018
  • DOB FILE PLANS 08/29/2012
  • DOB FILE Link
  • LIST/LAUNCH SALES 03/26/2013
  • height in feet 136
  • floors 13
  • AG Initial Price $ 385,645,000
  • ag file plans 04/20/2012
  • AG FILE Link
  • residential units 29
  • commercial units 2
  • hotel units 0
  • total units 40
  • square feet 103,775
  • const. status BUILDING COMPLETE
  • block and lot 1-01383-0013
  • BIN 1041253
  • Event Financing
  • Address 11 East 68th Street
  • Neighborhood Upper East Side
  • Borough Manhattan
  • Square feet 8,000
  • Price $ 60,000,000
  • Publication Date 06/01/2016
  • Event Date 05/18/2016
  • Party 1 Vornado Realty Trust
  • Party 2 Dekabank Deutsche Girozentrale
notes
The company secured a $60 million loan for 3 retail condominiums.
  • Event Retail Leasing
  • Address 816 Madison Avenue
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 2,200
notes
The British fashion retailer signed a lease.
  • Event Sales
  • Address 11 East 68th Street
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 100,000
  • Price $ 170,000,000
  • Price per foot $ 1,700.00
  • Publication Date 02/01/2012
  • Event Date 12/23/2011
  • Party 2 HFZ Capital Group, Vornado Capital Partners
notes
The property sold for $170 million. HFZ will own and reposition the residential portion of the building, while Vornado will own and manage the retail portion.
  • Event Sales
  • Address 814 Madison Avenue
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Price $ 191,800,000
  • Publication Date 10/01/2008
  • Event Date 08/22/2008
  • Party 1 Madison 68 Corporation of Manhattan
  • Party 2 Abro Management
notes
The rental building sold for $191.8 million. Rents at the property ranged over the past two years from $3,100 for a one-bedroom to $30,000 for a five-bedroom unit, according to StreetEasy. Abro Management also purchased two apartment buildings at 103-109 East 86th Street and 115-119 East 82nd Street for $85 million. In addition, Abro recently sold two apartment buildings at 34 Hillside Avenue and 2 Ellwood Street for $23.1 million and $17.1 million, respectively (see below).