A partnership led by CW Realty, which has amassed five dozen properties in Brooklyn, is making a foray into Manhattan. Led by Cheskie Weisz, the partnership has assembled a rare Upper East Side site where they intend to develop an approximately 120,000 square-foot residential condominium building. The developer has been working with HTO architects.
The main site is now occupied by a small corner apartment building at 355 E. 73 St., also known as 1361 First Ave. The seller, the Kadvan family has owned it for 60 years, and the Irish pub, Finnegan’s Wake, has been a retail tenant for the last 40 years. Its proprietor, Tony King, will move before the sale closes next year.
The site includes 1363 First Ave., which was purchased in January for $9.4 million through Shelton Franklin of S. Blair Partners. The remaining residential tenants in both buildings are relocating.
The new approximately 33-story building is expected to also use air rights from, and cantilever over, 1365 First Ave. and use air rights from 1369 and 1371 First Ave. It will be across from The Charles, which sold a
penthouse for $60 million, and is close to the new Second Avenue subway entrance.
Hillel Spinner, a spokesman for the project, said, “We really believe in this neighborhood, it has everything going for it.”