Krown Point Capital files demo plans ahead of 114-unit development in Midtown East
Krown Point Capital, on July 25, filed several permit applications for the demolition of five buildings on 2nd Avenue and East 50th Street in Midtown East. Reggie Kronstadt, a principal with Krown Point Capital, filed the plans.
Last year, on October 22, the developer filed a permit application for construction of a 114-unit, 117,895-square-foot mixed-use building at 300 East 50th Street.
The ground floor of the building will have retail space. Below are zoning diagrams of the development.
The first plans call for the demolition of a four-story building at 936 2nd Avenue.
The project is described in the filings as: full demolition of four story structure, using hand held equipment and mechanical to assist on grade, load out debris and back-fill site.
The property was acquired for $12 million on April 12, 2021.
Direct link to Acris document. LINK
Direct link to DOB document. LINK
The second plans call for the demolition of a four-story building at 300 East 50th Street.
The project is described in the filings as: full demolition of four story structure, using hand held equipment and mechanical to assist on grade, load out debris and back-fill site.
The property was acquired for $12 million on April 12, 2021.
Direct link to Acris document. LINK
Direct link to DOB document. LINK
The third plans call for the demolition of a four-story building at 302 East 50th Street.
The project is described in the filings as: full demolition of four story structure, using hand held equipment and mechanical to assist on grade, load out debris and back-fill site.
The property was acquired for $12 million on April 12, 2021.
Direct link to Acris document. LINK
Direct link to DOB document. LINK
The fourth plans call for the demolition of a four-story building at 304 East 50th Street.
The project is described in the filings as: full demolition of four story structure, using hand held equipment and mechanical to assist on grade, load out debris and back-fill site.
The property was acquired for $12 million on April 12, 2021.
Direct link to Acris document. LINK
Direct link to DOB document. LINK
The plans call for the demolition of a four-story building at 932 2nd Avenue.
The project is described in the filings as: full demolition of four story structure using hand held and mechanical means to assist.
The property was acquired for $9 million on October 29, 2021.
Direct link to Acris document. LINK
Direct link to DOB document. LINK