Developers Apply For 12-Story Building In East Harlem

EAST HARLEM, NY — Developers filed plans for a new 12-story development in East Harlem that will bring 185 apartments to the neighborhood on a site near the planned extension of the Second Avenue Subway.

The new building will rise 125-feet-tall at 1998 Second Ave. between East 102nd and East 103rd streets, according to plans filed with the city Department of Buildings. In addition to the 185 apartments, the development will contain commercial and community facility components.

With 341,596 square feet zoned for residential space, the average apartment unit in the new building will be about 1,846 square feet — which is considered large for New York City. Planned residential amenities include a laundry room, bike storage a tenant lounge and rooftop recreation space, according to building plans.

Tenants for the commercial and community use spaces were not specified on the building plans.

Developer Peter Fine of Bolivar Development is behind the new building. The developer purchased the nearly full-block site on Second Avenue in 2018 for $28.5 million, Fine told the Real Deal in 2018. Fine said that he plans to start construction at the site in September.

The new development is located just blocks away from one of the city's planned new subway stations. The Second Avenue Subway will be extended up into East Harlem for the project's second phase with stops at East 106th, 116th and 125th streets. The MTA is currently attempting to secure federal funding for the project, which may not be completed until the end of the next decade.