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220 St. Nicholas To Bounce Back From Foreclosure As Rentals

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After a long hiatus marred by foreclosure and sale to a pair of brothers from a family of real estate scions, the 11-story residential development at 220 St. Nicholas Avenue is about to get resurrected, this time as rentals. Cobby and Justin Gorjian, progeny of Gorjian Properties chief Gideon Gorjian, bought the erstwhile condo building after it entered the foreclosure process as early as 2010 and went on the auction block. But now it is reborn! There will be about 14 half- and full-floor units, according to architect Jeffrey Cole who was tapped late last year to finish the stalled job, and the top floors cantilever over an adjacent property allowing for more square footage for those apartments. Each unit has private outdoor space, floor-to-ceiling windows, and private entries via keyed elevators. According to some brokerbabble, which may or may not be outdated but looks about accurate, there are "generous loft-style floorplans [and] nine-foot high ceilings... a combination that results in a uniquely bright, open, and airy feeling. The residences also feature 8-inch thick concrete floors which reduce sound and vibration, and the elegant floor covering is made of carbonized bamboo. The loft-style layout continues with large, open living and dining areas and open kitchens." There are two penthouses: one on the 9th floor, which has two terraces and 542 square feet of outdoor space; and another on the 10th floor with two balconies and a roof terrace, totaling 1,227 square feet of outdoor space. The amenities will be straightforward, with a doorman, state-of-the-art exercise room, and a postal/storage room. No word yet on when the listings will go live, but Halstead will be the leasing agent.

· 220 St. Nicholas [Jeffrey Cole Architects]
· Glassy 220 St. Nicholas Avenue Faces Foreclosure At Last [Curbed]
· All 220 St. Nicholas coverage [Curbed]

220 St. Nicholas

220 St. Nicholas Avenue, New York, NY