Boutique Upper East Side condo building will replace low-rise structure

A six-story building at 40 East End Avenue quietly sold to developer and real estate investment firm Lightstone Group who will convert the 100,000-square-foot building into an 18 story boutique condo building, reports Real Estate Weekly.

The project is a collaboration between Deborah Berke and Gerner Kronick + Valcarcel, Architects and is slated to offer 29 two-, three-, and four-bedroom apartments. Some of the residences will be duplex apartments while others will span a full floor and consists of private elevator access. Additionally, there will also be a triplex penthouse with a full private rooftop and each apartment will have outdoor space and views of the East River and city’s skyline.

Building amenities are set to include a game room, fitness center, catering kitchen, library, resident’s lounge, indoor parking spaces, and a full-time doorman.

The six-story building at the site currently houses 40 rental apartments and is set to be demolished to make way for the new structure.

• Lightstone lands $85M for planned UES condo at 40 East End Avenue [Real Estate Weekly]