Trio Of Upper East Side Buildings To Be Demolished

UPPER EAST SIDE, NY — Demolition permits were filed for three East 84th Street buildings on Friday, according to city records.

They'll be replaced in combination with an adjacent Madison Avenue site to build an 18-story building with 22 palatial apartments.

The three buildings — 22, 24 and 26 East 84th St. — are located on a ritzy block between Madison and Fifth avenues.

According to the demolition permits, the buildings are currently unoccupied.

Building plans filed earlier this month show that the building will join forces with an adjacent lot, 1122 Madison Ave., to construct an 18-story building, according to plans filed earlier this month by Victor Sigoura, CEO of Legion Investment Group.

Those plans, which have yet to be approved by the city's Department of Buildings, propose that the resulting 110,940-square-foot building will only contain 22 units, averaging a gigantic 5,000 square feet each.

Legion, along with private equity firm Nahla Capital, spent years assembling the properties.

In 2019, they joined forces to purchase 1122 Madison Ave. for $22.5 million, according to records and Crain's.

That same year, Nahla purchased 24 East 84th St. for $10 million, records show, while the tiny, 12-foot-wide 22 East 84th St. was purchased for a mere $3.8 million in 2021 and 26 East 84th was finally purchased in April, 2022 for $21.1 million.

Demolition permits have yet to be filed for 1122 Madison Ave.