Amid a Downtown condominium boom, the Chetrit Group is aiming for a $334 million sellout of its forthcoming conversion of 49 Chambers Street in the Financial District.
The developer is planning 81 condominium units at the 14-story Beaux-Arts building, according to an offering plan filed Jan. 12 with the state’s Attorney General.
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The property was once home to Emigrant Industrial Savings Bank and, in recent years, New York City government offices. Chetrit paid the city $89 million for the building in 2013.
Condominium units will range from one- to four-bedrooms. Plans filed with the Department of Buildings call for six condos on the second floor; seven units on floors three through nine; six apartments on floors 10 through 12; five on floor 14; and three on the 15th floor.
Read the full story at The RealDeal, by E.B. Solomont
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