A residential condominium building is planned for 127 Madison, which is now occupied by a 7-story, brown-brick commercial structure.
The mid-block property between 30th and 31st Streets is just to the south of the attractive Roger Hotel and just to the north of the red-brick apartment building at 121 Madison Avenue.
It is across the avenue from the handsome American Academy of Dramatic Arts building that was built in 1907 as the Colony Club.
Marketing is expected to begin in the fall and, according to a published report, prices are expected to start at about $1.5 million for a 1,700-square-foot, full-floor loft, and at about $3.5 million for the 2,500-square-foot duplexes.
Buildings Department documents indicate plans for a 13-story building with 9 apartments.
In December, according to records on file with the city, 127 Madison Partners LLC, of which Trevor Stahelski is the manager and which has an address at 229 East 5th Street, signed a consolidated building loan note with Chinatrust Bank (U.S.A.) for $12,668,000 for the property.
The mid-block property between 30th and 31st Streets is just to the south of the attractive Roger Hotel and just to the north of the red-brick apartment building at 121 Madison Avenue.
It is across the avenue from the handsome American Academy of Dramatic Arts building that was built in 1907 as the Colony Club.
Marketing is expected to begin in the fall and, according to a published report, prices are expected to start at about $1.5 million for a 1,700-square-foot, full-floor loft, and at about $3.5 million for the 2,500-square-foot duplexes.
Buildings Department documents indicate plans for a 13-story building with 9 apartments.
In December, according to records on file with the city, 127 Madison Partners LLC, of which Trevor Stahelski is the manager and which has an address at 229 East 5th Street, signed a consolidated building loan note with Chinatrust Bank (U.S.A.) for $12,668,000 for the property.
Architecture Critic
Carter Horsley
Since 1997, Carter B. Horsley has been the editorial director of CityRealty. He began his journalistic career at The New York Times in 1961 where he spent 26 years as a reporter specializing in real estate & architectural news. In 1987, he became the architecture critic and real estate editor of The New York Post.
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