New Luxury Condos, Medical Facility Brighten East Harlem Block
To view our videos, you need to
enable JavaScript. Learn how.
install Adobe Flash 9 or above. Install now.
Then come back here and refresh the page.
An East Harlem block is getting a major makeover with three brand-new, world-class buildings. NY1's Real Estate reporter Jill Urban filed the following report. In one block, with three buildings, over three years of construction and much anticipation, plans for 102nd Street between Fifth and Madison Avenues are finally taking shape.
"There’s been almost a billion dollars of construction activity over the last three years that has resulted in a transformation of 102nd and Fifth avenue and 102nd street and Madison Avenue," says Durst Fetner Residential Chief Operational Officer Damon Pazzaglini.
This street, which was once home to a prewar rental building and a bus depot, is now the site of three world-class buildings.
First, at the corner of Fifth, is 1212 Fifth Avenue. The former rental building has been gutted, renovated and meticulously restored and is now a luxury condominium with prewar charm.
"At 1212 Fifth Avenue, we were able to take these beautiful prewar bones and retain the original structure, but update the apartments to meet today’s modern lifestyle with modern layouts, modern bathrooms, modern kitchens," says Pazzaglini.
The building boasts 55 units, mostly two- and three-bedrooms, including some with magnificent park views. It will be ready for occupancy by December.
Just next door is a 42-story, mixed-use tower. The top floors will include 232 rental units and the base will be clinical space for Mount Sinai.
Twenty percent of the residential units will be slated for affordable housing. Related Companies will manage the property and leasing will begin in the spring.
Lastly, at the corner of Madison and 102nd will be Mount Sinai’s new Center for Science and Medicine.
"It will be approx 425,000-square-feet, 12 floors high," says Brad Beckstrom of the Mount Sinai Medical Center. "Its primary focus will be cancer and cardiovascular research and clinical care, and what we are really trying to do is bring to the forefront what they call 'translational research,' which really means bringing the patient the medical research that is developed.
So three years and a billion dollars later, the three buildings are not only transforming this block, but also the landscape of East Harlem.