22nd ST. & 3rd AVE. NEW YORK, NEW YORK
Completed June 2009
• 110 Multifamily Units
• $105,000,000 Total Development Budget
First Stone Development purchased and assembled a corner lot on 3rd Avenue and East 22nd Street by acquiring contiguous available air rights and adjoining properties to comprise a 145,000 square foot condominium project. First Stone also obtained approved plans and a 10-year Tax Abatement for the project site. The proposed 20-story building featured a total of 110 apartments ranging from studios to three-bedrooms. Gramercy Park has become an enclave for professional couples and singles gravitating toward this vibrant Manhattan community.