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Debt & Equity

Lighstone lands $85M for planned UES condo at 40 East End Avenue

Real estate investor/developer, Lightstone, announced the closing of financing for 40 East End Avenue, a 100,000 s/f condominium planned for Manhattan’s Upper East Side.

The development, located on East End Avenue, will be financed by an $85.3 million loan from Bank of the Ozarks.

Photo via Streeteasy
Photo via Streeteasy

40 East End will be a boutique condominium, composed of 29 unique homes spread across 18 stories.

The project will feature two, three, and four bedroom residences, including a maisonette with rear courtyard, duplex residences, full floor residences with direct elevator access, and a triplex penthouse with full private rooftop.

Residences at 40 East End will all have outdoor space and views overlooking the East River and Manhattan skyline.

40 East End will also offer an array of amenities and building services, including a full-time doorman, concierge, private porte-cochère and car park, double-height resident lounge, library, catering kitchen, game room, state-of-the-art fitness center, and private climate-controlled tenant storage rooms.

“There’s nowhere in Manhattan like the tranquil enclave of East End Avenue,” said Lightstone president Mitchell Hochberg.

“It’s a bucolic community, tucked away in the most exclusive part of Manhattan. Only a handful of new developments have been built in recent years on East End Avenue, and we’re thrilled to be working on this one-of-a-kind project in this remarkable location.”

40 East End is located in close proximity to Carl Schurz Park and Gracie Mansion.

The property is an architectural collaboration between architects Deborah Berke and Gerner Kronich + Valcarcel, Architects.

Berke, who was recently appointed Dean of the Yale School of Architecture, is the project’s creative director.

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