Forkosh Development Group has plans for pre-development of a luxury condominium on the Upper East Side of New York City.
Madison Realty Capital originated a $26.5 million loan to Forkosh Development Group.
Located at 305 East 61st St. in Manhattan, the condominium will offer approximately 36 residential units, 3,847 square feet of ground-floor retail and 4,333 square feet of mezzanine retail space. The building will include a unit mix of studios, one-bedroom units, and two-bedroom units, and will offer curated amenities including resident pools, a fitness and yoga center, a lounge and onsite parking.
“The condominiums at 305 E 61st St. meet the strong demand for high-end residential projects on the Upper East Side, drawing on the unmatched charm and versatile location of the neighborhood,” said Josh Zegen, managing principal and co-founder of Madison Realty Capital.
