Also known as 1469 3rd Avenue, the corner lot is located between 2nd Avenue and 3rd Avenue, three blocks south of the new 86th Street subway station.The 35-story building will total 209,000 square feet, with 206,000 square feet for 86 residences averaging around 2,400 square feet each.
The development will also have 3,100 square feet of ground floor retail space, spanning 100 feet on Third Avenue and about 100 feet on East 83rd Street, as well as 26 underground parking spaces.
The site — which contains six low-rise buildings — has more than 250,000 buildable square feet, or roughly $668 per square foot.
The Naftali Group is also in contract to buy 470 Kent Avenue, a large development site on the Williamsburg waterfront for $185 million.
