Massey Knakal Realty Services wrangled a 99-year lease at 1080 Amsterdam Avenue, where SL Green Realty and Stonehenge Partners are partnering to create a luxury residential building.

The 20-story pre-war Morningside Heights building is located at 501 W. 113th St., on the northwest corner of Amsterdam Avenue and West 113th Street. The property, built in 1932, was formerly housing for hospital staff at St. Luke’s Roosevelt Hospital Center. The building has 96 apartments with sunken living rooms, large windows and views of Columbia University, Midtown and the Hudson River.

SL Green and Stonehenge will spend an estimated $13 million in renovations; the project is expected to be completed within 24 months of starting.

“1080 Amsterdam offers a tremendous opportunity for SL Green and Stonehenge to tap into the strong fundamentals of one of the city’s most supply constrained neighborhood,” Hall H. Oster, a director of sales at Massey Knakal, said in a statement. Oster handled the transaction along with CEO Paul J. Massey Jr. and First Vice President of Sales Robert Shapiro, the New York Observer reported.

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