Developer Aims To Bulldoze 2 UES Rent-Regulated Buildings: Docs

UPPER EAST SIDE, NY — Demolition permits for two rent-regulated apartment buildings on the Upper East Side were filed by a real estate firm earlier this week, according to the New York City Department of Buildings.

The two buildings, at 316 and 318 East 77th St., between First Avenue and Second Avenue, are both five stories tall, and are both currently empty, according to the filing. Both permit requests are under review by the city.

Developer Sean Lavin of Townhouse Property Group filed the plans on Monday, according to the Department of Buildings database. Townhouse Property Group bought both buildings in 2019 for $5,000,000 apiece, according to the city.

The job is expected to cost developers $150,000 per building, according to the filing. The building at 316 East 77th St. is about 7,095 square feet, while 318 East 77th St. is about 5,912 square feet, records show.

The adjacent apartment buildings have 14 residential units between the two — eight at No. 316 and six at No. 318, city records show. Some of the units in each apartment building were rent-stabilized, according to the filing. This news was first reported by Crain's New York.

It's not yet public information what will replace these buildings, since the developers have not filed building plans yet.

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