Eli Hoffman of City Builders plans 86 units in Hell’s Kitchen

Eli Hoffman of City Builders NYC LLC submitted a new building construction project for a 86-unit, 78,665 square-foot residential (R-2) building at 515 West 43rd Street in Hell’s Kitchen, Manhattan. The plan was filed with the New York City Department of Buildings on December 2, 2025 under job number M01301888. It calls for the construction of a 17-story building. The project is described in the filing as: construct new seventeen (17) story residential building as per plans filed. The architect is Ismael Leyva Architects, P.C.
The city’s property records still show as of December 5, the building owned by the entity NKM Proscia LLC, with no recent sale or lease transaction.

Hoffman plans a smaller tower on the adjacent property just north of this one, the filing indicated.

Crain’s New York reported on the filing yesterday.

The plans call for six apartments on each of the floors from two to 12, and four units on the floors from 13 to 17. The building has no retail space. On the first floor the plans call for a residential lounge, a co-working space, a game room and a “kids room.”

515 West 43rd Street

The property

The industrial building in Hell’s Kitchen has 32,500 square feet of built space and 43,114 square feet of additional air rights for a total buildable of 75,576 square feet according to a PincusCo analysis of city data. The parcel has frontage of 75 feet and is 200 feet deep with a total lot size of 10,050 square feet. The lot is irregular. The zoning is R9 which allows for up to 7.52 times floor area ratio (FAR) for residential with inclusionary housing. The city-designated market value for the property in 2022 is $6 million.

Violations and lawsuits

According to city public data, the property has received two DOB violations, $2,500 in ECB penalties, and $2,800 in OATH penalties in the last year.

There were no lawsuits or bankruptcies filed against the property for the past 24 months.

The neighborhood

In Hell’s Kitchen, The bulk, or 39 percent of the 40.8 million square feet of commercial built space are elevator buildings, with specialty buildings next occupying 18 percent of the space. In sales, Hell’s Kitchen has near average sales volume among other neighborhoods with $889.6 million in sales volume in the last two years and is the 12th highest in Manhattan. For development, Hell’s Kitchen has near average amount of major developments among other neighborhoods and is the 17th highest in Manhattan. It had 2.4 million square feet of commercial and multi-family construction under development in the last two years, which represents 6 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of eight of the 17 commercial properties representing 667,915 square feet of the 946,851 square feet. The largest owner is Alonzo Properties Nyc, followed by Andrew Impagliazzo and then Andrew Rosenberg. On the tax block, there were two new building construction projects totaling 213,604 square feet. The largest is a 164-unit, 134,939 square-foot residential (R-2) building submitted by Moinian Group and filed by Aron Kirsch with plans filed July 9, 2015 and permitted July 20, 2016. The second largest is a 86-unit, 78,665 square-foot residential (R-2) building submitted by Elias Hoffman with plans filed December 2, 2025 and it has not been permitted yet.

The surrounding

Within a 400-foot radius of 519 West 43 Street, PincusCo identified eight commercial real estate items of interests occurred over the past 24 months. One of those eight items was a sale which BH3 Management bought one condo unit in the 73,677-square-foot, six-unit mixed-use building (RM) on 625 10th Avenue and 51 other properties for $50 million from Xin Development Group International on October 24, 2024. Of those eight items, seven were loans above $5 million totaling $684.2 million. The most recent of the seven was Eugene Mendlowitz in which borrowed $62.2 million from Citibank secured by the 46,000-square-foot, 78-unit rental (C7) on 593 10th Avenue and nine other properties on August 14, 2025.

Direct link to the property’s ACRIS page and link to DOB NOW portal.