The old Lincoln Square Synagogue is currently being demolished. Photo by Stephen Harmon.
The developer of the new building at 200 Amsterdam Avenue that’s slated to rise in place of the old Lincoln Square Synagogue will certainly be high-end, but it’s not going to be at the very tippy-top, The Real Deal reported. Workers are in the process of demolishing the synagogue on 69th street to prepare for the new building.
“It is currently raising a 55-story condo building at 200 Amsterdam Avenue that will become the tallest building on the Upper West Side. Pozycki said this would not be an ultra-luxury building, and prices would be in the relatively modest $2,000-a-foot range.
“New products with amenities that old buildings don’t have, in neighborhoods that are supply-constrained, will be able to weather a storm,” [firm founder Steven] Pozycki said.
The average sale price per square foot in the 10023 zip code over the past year was $1,758, according to Trulia. The highest price per square foot in the city last year was $6.940 at One57.
I hear the the “Tippy-Top” Market is over the tippy-top.
Maybe the people who buys these apartments will actually live in them!
There’s rumor Congregation Shaare Zedek W93 between Broadway & Amsterdam will be demolished
& a 15 story condo will be built with a new synagogue in the first few floors.
Believe it or not but the “ultra-luxury” market is in a bit of a slump. I guess there are only so many foreign billionaires who can afford these apartments.
The “high-end” apartment market is still strong, however.
Relatively modest at $2,000 a foot.
So a relatively large/small 2 bedroom apartment at around 1,200 sqft will cost you close to $2,500,000 when all is said and done.
And maintenance will be what, around $2,000 a month?
Nice to see this type of housing being built that will really make it affordable for the 95% to continue to live in NYC. Heavy sarcasm!
There are four other boroughs to choose from.
Though the prices may be lower they are even more of a rip-off in places like Brooklyn. Paying 10-20% less to live in the Bronx or Queens compared to Manhattan is a joke. If it were 40% less then it might start to make sense.
55 stories translates into a lot of building trash. Looks like it will be stacking up on the sidewalk on Amsterdam unless there is some plan to have behind building?
Ummmm…..how many of us would chance living in a high-rise built on the site of a torn-down synagogue :-0 !!
To quote the title of the great writer Shalom Auslander’s book of short stories, maybe we should “Beware of G-d !”
Then again, according to Amazon, one of the book’s many stories concerns “A pious man, having a near-death experience, discovers that God is actually a chicken, and he’s forced to reconsider his life — and his diet.”
Hmmm…maybe we shouldn’t listen to Auslander?
I wouldn’t think twice about it 🙂
If only the city eould build school dpace that keeps pace! That neighborhood sure has a lot of current and future school planning to do!
$2000 @ sq. foot…modest indeed! I wonder if he will tell his buyers what he’s telling the community? Your buying a high end condo for millions but it’s not tippy tippy top. I doubt it.
I wonder if that estimate @ sq. foot will hold if he thinks he can get more. It’s amazing. The idea that developers see themselves or at least pretend to see themselves as benevolent purveyors of needed housing is such a laugh. I once heard a billionaire developer say the city should be going them more after all they are benevolent contributors to the city. Yea, they are not here to make money they are here to help. Ha, ha, ha,
The developer of the building sounds like he really does want to gouge people but not make it sound like he/she is.
Why the hell are these out-of-town and international developers allowed to build these outrageously intrusive pieces of concrete in our neighborhoods. Two months ago, I wrote to my Borough President to vote NO!!! to the City Council rezoning of Manhattan and it was approved anyway. Oh yeah, that’s why they can build. What did you do to stop it?
Hood people start taking some action or get ready for 55 story buildings pushing up the limits of our current rents. We live here but the developers own the place.
How is the construction of this building going to increase your rent?
Last time I checked economics theory states that increasing the supply of something decreases the price.
I wish there was more construction in the UWS.
Increasing the supply of $5 bottles of water does not decrease the price of a $3 bottle of water.
😉
There is a need to chose between believing Economics Wizards and what your eyes are showing you.
Your eyes show that when rents rise in your neighborhood, yours will too.
You live in a rent controlled apartment. Your rents won’t be going up. What do you care?
@Shamir, You know that I care about the wellbeing of my neighbors because I have repeatedly reminded you of this. I guess you just can’t conceive of this concept.
Rent Controlled apartments, occupied prior to 1972 have annual rent increases of 7.5% a year when the landlord files the paperwork and keeps the building in good repair. This year some will have 9.6% increases. Seniors of extremely low income levels can get exemptions. There are only an estimated 39000 such apartments in NYC many of which pay high rents. A tenant with a rent in 1972 of $100 could be paying as much as $2400.00/month assuming the landlord got all the approvals for increases. These tenants might be paying an additional monthly fuel surcharge and major capital improvement charge.
Rent Stabilized, another category has increases that are regulated by the Rent Guidelines Board.
https://www.nycrgb.org/
With minor changes, this system has stayed the same for a long time. It only seems to be a priority when the regulations are up for renewal or an election year. When the regulations are renewed it is usually at the last minute and elected officials claim a huge victory, but the final result is less regulated apartments.
55 stories? What is this, midtown? Disgraceful. Does anyone know which city council members okayed this in our district?
We’ve had tall buildings around for a long time.
Floors ZipCode Address YearBuilt
51 10023 124 WEST 60 STREET 1986
48 10023 175 WEST 60 STREET 2013
47 10023 111 WEST 67 STREET 1992
47 10023 145 WEST 67 STREET 1986
44 10023 1 CENTRAL PARK WEST 1960
42 10023 20 WEST 64 STREET 1970
42 10023 170 WEST END AVENUE 2007
42 10023 150 AMSTERDAM AVENUE 2007
41 10023 2039 BROADWAY 1971
40 10023 15 WEST 63 STREET 1999
38 10025 2628 BROADWAY 2006
37 10023 75 WEST END AVENUE 1994
37 10023 15 CENTRAL PARK WEST 2005
36 10023 161 WEST 61 STREET 1988
36 10023 2 LINCOLN SQUARE 1974
36 10023 15 WEST 72 STREET 1964
35 10023 2 AMSTERDAM AVENUE 1991
35 10023 45 WEST 60 STREET 1981
35 10025 241 WEST 96 STREET 1983
2628 BROADWAY is out of place.
I was listing buildings 35 stories or more on the UWS.
“Out of place” in its setting.
You can add 245 West 99 Street to that category, too.
The info is accurate regarding height and date built.
As of right building lot. BTW, Tower 67 across the street is about the same height.
Believe it or not, those lower prices make it more likely that school age kids will potentially go to public schools. This is not a situation like years ago when Trump said “my residents won’t be using the public schools” and as we know, there are lots of Trump building kids at PS199. (Glad they are in public school…just wish Trump was forced to make concessions.)
That being said, since this is “new construction”, is there a way to zone out the new residents and have them go to the under utilized schools in the district?
Trump does NOT OWN those Riverside Blvd. buildings.
He sold them years ago, a long convoluted story not worth reading about.
So 2,000 a sf is not ultra luxury? So anyone can afford a 1.4 million dollar one bedroom these days. So the building will be full of middle class New Yorkers then.
I’d be more onboard with these development if they were required to build public schools in the building.
They’s all figure that they could get together a build one school, 50 stories high.
Hey, let the kids walk the stairs, they need the exercise!
These give-backs are generally political payoff.
Truth is stranger that fiction.
https://www.dnainfo.com/new-york/20110322/manhattan/two-new-upper-east-side-schools-celebrate-topping-out
A developer built two NYC schools as part of a 59 story condo development project.
https://www.nydailynews.com/life-style/real-estate/residential-towers-soar-old-school-sites-article-1.1251727
Now my nightmares are coming true. Yikes!
Save the children! Save each other!
This new eyesore is being built close to the total disaster facing the end of 68th Street– we refer to it as the waffle iron– Badly constructed – look at the age spots already in view. Why 55 stories on that tiny lot? Enough garbage building! We need lower, more human scale and AFORDABLE TO THE AVERAGE PERSON WHO HAS HELPED BUILD THE UPPER WESTSIDE!