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Yet Another Midtown Tower Will Have an Expensive Penthouse

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The Real Deal went down to the Attorney General's office to uncover the latest dirt on the 38-story residential tower slated to rise on East 59th Street—and that's pricing. A triplex penthouse measuring about 5,000 square feet at the Soo Chan-designed tower, which is replacing two low-rises between Lexington and Park avenues, will ask $30 million. (Though that's relatively cheap if you consider its neighbors.) According to the offering plan TRD investigated, below that PH will be 28 other full-floor apartments starting on the eighth floor. (Below that, commercial space.) One-bedrooms are set to hit the market at $2.9 million, 2BRS at $3.7 million, and storage units for $45,000. Asia-based developer Euro Properties is behind the project, its first in New York City.
· Euro Properties makes NYC debut with $210M tower on 59th St. [TRD]
· 38-Story Tower on East 59th Street Will Contain Only 29 Units [Curbed]
· All 118 East 59th Street coverage [Curbed]

118 East 59th Street

118 East 59th Street, New York, NY