Second Avenue Assemblage
New York, NY
Second Avenue Assemblage, New York, NY 10128
Asset Type: Development Site/Land
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.