The Lightstone Group has secured a $85.3 million loan from Bank of the Ozarks for a condominium development planned for the Yorkville neighborhood of Manhattan’s Upper East Side. Located at 40 East End Avenue, the scheme will feature an 18 story building with 29 units. The building will featuring a mix of two, three, and four bedroom residences, including duplex residences, full-floor residences with direct elevator access and a triplex penthouse with a private rooftop. Common amenities will include a doorman, concierge, parking, double-height resident lounge, catering kitchen and private climate-controlled resident storage rooms. The property’s design is a collaboration between architects Deborah Berke and Gerner Kronich + Valcarcel, Architects. Lightstone Group acquired the 40 East End Ave. site in a $32.5 million all-cash deal in 2015. “It’s a bucolic community,” said Lightstone president Mitchell Hochberg. “Only a handful of new developments have been built in recent years on East End Ave.”
