125 3 Avenue
Gramercy, Manhattan
Parcel ID (BBL): 1008960001
Owner: Forkosh Development Group
Debt: July 23, 2025, $7 million
Built: 1999
SF: 113,754
Dwelling units: 91
No. of buildings: 1
Class: Dormitories (H8)
Floors: 16
HPD Ownership Registration Information
Last registered: 2025-10-27 (expires 2026-09-01)
Crystal Tower Llc
Corporate Owner
400 BROOME STREET 11TH F New York, NY, 10013
Coral Crystal Llc
Agent
400 BROOME STREET 11TH F New York, NY, 10003
Ivan Durdynets
Site Manager
Transactions:
• Forkosh Development Group borrowed $7 million from Webster Bank for 125 3rd Avenue, Gramercy, Manhattan on July 23, 2025.
• Forkosh Development Group borrowed $65 million from Webster Bank for 125 3rd Avenue, Gramercy, Manhattan on March 27, 2023.
Development:
• Forkosh Development Group filed major alteration job M01219652 for 113,754 sqft R-2 building with 102 apartments in Gramercy, Manhattan, on May 19, 2025.
• Alexander Forkosh filed alteration job M01418784 for 1 sqft R-2 building with 100 apartments in Gramercy, Manhattan, on June 22, 2026.
• Alexander Forkosh filed alteration job M01278561 for 7,776 sqft R-2 building with 102 apartments in Gramercy, Manhattan, on September 09, 2025.
• Alexander Forkosh filed alteration job M01245580 for 5,000 sqft J-2 building with 91 apartments in Gramercy, Manhattan, on June 25, 2025.
• Alexander Forkosh filed alteration job M01245588 for 5,000 sqft J-2 building with 91 apartments in Gramercy, Manhattan, on June 25, 2025.
• Alexander Forkosh filed alteration job M01221424 for 3 sqft R-2 building with 102 apartments in Gramercy, Manhattan, on June 03, 2025.
Most recent Schedule of Occupancy
Violations:
According to city public data, the properties have received $9,750 in OATH penalties in the last year.