{"id":98266,"date":"2014-08-14T12:43:36","date_gmt":"2014-08-14T16:43:36","guid":{"rendered":"https:\/\/www.livabl.com\/articles\/?p=98266"},"modified":"2024-02-19T03:01:18","modified_gmt":"2024-02-19T08:01:18","slug":"78-irving","status":"publish","type":"post","link":"https:\/\/www.livabl.com\/articles\/archives\/78-irving","title":{"rendered":"New condos coming to landmark building at Gramercy’s 78 Irving Place"},"content":{"rendered":"

<\/h4>

\"78<\/a><\/p>\n

Renovation work has just commenced at landmark building 78 Irving Street<\/a>, which is being converted from rentals into condominiums.<\/p>\n

Located on the southeast corner of Irving Place and East 19th Street, the 16,000-square-foot building is seven stories tall, with 14 apartments. The property traded in June 2013 for $17.9 million, or $1,115 per square foot, The Real Deal<\/a> reported. At the time of sale, the building’s apartments were leased for about $50 a square foot, 44 percent below market rate, according to The Real Deal. The seller, a partnership of two brothers operating under the name Renrose Realty, had owned the structure for more than 40 years.<\/p>\n

Developer Irving Place Investors LLC filed plans in August 2013<\/a> to halve the number of units from 14 to 7, with PKSB Architects as the architect of record. The permits, partially issued last month, call for full-floor apartments from the second to fifth levels, with a duplex occupying the sixth and seventh floors. The address on the most recently filed permit<\/a> corresponds to that of Martin Nussbaum’s Slate Property Group. A condo offering plan<\/a> was submitted in July.<\/p>\n

Construction and development services firm Hailey Development Group LLC began the gut renovation and full exterior restoration of 78 Irving earlier this month, according to the company’s Facebook page<\/a>.<\/p>\n

\"78<\/a><\/p>\n

Image: Hailey Development Group LLC<\/em><\/p>\n

The building also comes with a 1,200-square-foot carriage house. The development is a block south of Zeckendorf Development’s 18 Gramercy Park, where the duplex penthouse went into contract in 2012 for $42 million, or $6,600 per square foot. The deal at 18 Gramercy Park set the record for most expensive home sale ever in Downtown Manhattan (which was topped earlier this year by a penthouse at Chelsea’s Walker Tower, which fetched more than $50 million).<\/p>\n

Back to 78 Irving. On-site photos we took yesterday:<\/p>\n

\"78<\/a><\/p>\n

\"78<\/a><\/p>\n

\"78<\/a><\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

The 16,000-square-foot building’s 14 rental apartments will be combined into seven condos. <\/p>\n","protected":false},"author":4,"featured_media":98333,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","apple_news_api_created_at":"","apple_news_api_id":"","apple_news_api_modified_at":"","apple_news_api_revision":"","apple_news_api_share_url":"","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":[],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[11269],"tags":[],"coauthors":[8693,10332],"apple_news_notices":[],"yoast_head":"\nNew condos coming to landmark building at 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