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Developer Plans Affordable Units for New Midtown East Residential Project

By Noah Hurowitz | January 3, 2016 8:17pm
 The city has approved permits to demolish the buildings at 230-232 E. 54th St. to make way for a planned 22-story mixed-use building in which the developer hopes to include below-market-rate units.
The city has approved permits to demolish the buildings at 230-232 E. 54th St. to make way for a planned 22-story mixed-use building in which the developer hopes to include below-market-rate units.
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DNAInfo/Noah Hurowitz

MIDTOWN EAST — A developer is looking to build affordable units in a planned 22-story building on East 54th Street, a spokesman for the Department of Housing Preservation and Development said.

An application is currently pending for below-market-rate units in the planned building at 230-232 E. 54th St., between Second and Third avenues, under HPD’s inclusionary housing program

The number of units has not been specified yet, a department spokesman said.

A new building permit filed in October shows plans for a single 22-story, 237-foot mixed-use building rising on the footprint of the two current structures there. It would include 75 residential units and 585 square feet of commercial space on the ground floor. 

A pair of five-story, turn-of-the-century residential walk-ups currently sit on the property, and the city in October approved demolition permits for both buildings, records show.

Elias Kalimian of Midtown real estate firm Elk Investors has owned the buildings since 1993, and the buildings appear to have been owned by his family for decades, according to public records.

Representatives of Elk Investors and the architecture firm for the project, Ismael Leyva Architects, did not immediately respond to requests for comment.

There will be a discussion of the inclusionary housing application at an upcoming meeting of the Community Board 6's Housing, Homeless, and Human Rights Committee on Jan. 12 at 6:30 p.m. at the NYU School of Dentistry, Nursing, and Architecture, 433 First Ave. in room 210.