EAST HARLEM — The construction of 16 residential rental units on East 100th Street will begin this fall, according to reports from buzzbuzzhome.com.
HDMI Holdings LLC of New Jersey is partnering with Manhattan's Melamed Architect and gearing up to build a new eight-story apartment building on a vacant lot at 168 East 100th St., between Lexington and Third avenues, according to Department of Buildings records.
The new modern apartment building will have units that vary in size, from garden units to one- and two- bedroom apartments, including two duplexes, and a recreational roof deck, according to Yossi Melamed, the architect. Construction will take roughly 16 months, he said.
The DOB approved HDMI's plans in April.
Pricing for the rental units has not yet been announced but Melamed said that they would be set at market rate.
HDMI Holdings bought the property at 168 E. 100th St. in 2012 for $900,000, according to public records. HDMI also owns the property next door at 170 E. 100th St.
According to BuzzBuzzHome.com, that building was purchased for $1.96 million in 2011.
HDMI Holdings did not immediately return requests for comment on Tuesday.