UPPER EAST SIDE, NY — Developers have snapped up a low-rise walk-up apartment building in Yorkville for $27,884,250 and are filing plans to demolish the building, according to city records.
Extell Development Co. bought 1645 First Ave. between East 85th and East 86th streets on Nov. 3, according to a deed that hit the city register this week.
Full demolition permits have already been filed with the Department of Buildings.
The four-story building was one of the last-standing buildings on the block.
Many of the other lots on the block had been bought up by Extell, which had previously filed plans to build a 215-foot high-rise that wrapped around the final building, according to reports.
The tower, which was addressed at 1637 First Ave., had 543 apartments and several commercial spaces planned, New York YIMBY reports.
Now, with the sale of the final holdout, the plans for the tower will likely increase in size and change in configuration.
Updated plans for the building have not hit city records yet.
For questions, email Miranda.Levingston@Patch.com.
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