Madison Realty Capital submits 14-unit condo plan in Greenwich Village

Madison Realty Capital submitted a condominium plan for 14 residential units at 16 Fifth Avenue In Greenwich Village, Manhattan.

The condo plan, CD220103, does not yet have a sellout price listed with the New York State Attorney General. Brian Shatz and Joshua Zegen, managing principals with Madison Realty, are listed as the managers.

Below are renderings of the building, from Robert A.M. Stern Architects.

The developer purchased the site for $27.5 million back in 2015.

In December of 2019, the developer filed new building plans with the city’s Department of Buildings to construct a 210-foot tall, 18-story, 82,591-square-foot building with 17 dwelling units at the site. The Schedule A, along with the condo plan, state there will only be 14 dwelling units, however.

The plans were approved earlier this month, but have not been permitted.

Per the plans, the ground floor of the building will have a gym and a lounge. Floors two through 13 will each have one dwelling unit per floor. Floors 14 and 15 will each have half of one duplex unit, while floors 16 through 18 will each have one third of a triplex unit.

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