May 31, 2024
YIMBY

300 East 50th Street Tops Out In Midtown, Manhattan

Construction has topped out on 300 East 50th Street, a 23-story residential building in MidtownManhattan. The $200 million project was developed in partnership between MAG PartnersGlobal Holdings, and Safanad, and was designed by BKSK Architects. The 170,000-square-foot building was constructed on an assemblage of multiple properties around the corner of East 50th Street and Second Avenue.

The 275-foot-tall structure is planned to yield 194 dwelling units with 30 percent designated as affordable housing under the Affordable NY program. The building will also offer 4,888 square feet of ground-floor retail space.

Photograph of MaryAnne Gilmartin, by Michael Young

Amenities at 300 East 50th Street will include a fitness center, a rooftop deck, and bicycle storage.

“300 East 50th Street is a prime example of urban living,” said Eyal Ofer, chairman of Global Holdings. “The building offers a diverse unit mix, robust amenities, and all the elements of an elevated lifestyle. As we continue to expand our NYC luxury residential portfolio and work with the best partners in real estate, we’re proud to join MAG Partners and Safanad on this project and look forward to opening the doors to residents next year.”

The closest subways from the property are the E and M trains, a six-minute walk away at the Lexington Avenue-53rd Street station.



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