Second Avenue Assemblage

New York, NY

Sold

$111,000,000

OVERVIEW

LOCATION:
Second Avenue Assemblage, New York, NY 10128

Asset Type: Development Site/Land

 

Description

Merchants Hospitality has bought five buildings on the Upper East Side that it plans to co-develop into a luxurious Maplewood Senior Living facility.

 

The 213,000-square-foot tower designed by Handel Architects will include gardens and an indoor pool.

 

The buildings at 1802, 1804-06, 1808 and 1810 Second Ave. and 303-305 E. 93rd St. were purchased for $111 million in an all-cash deal from five separate sellers.

 

Michael Besen and Rolfe Haas of Besen & Associates represented two of the sellers, while three dealt directly with Merchants. 

 

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