NEW YORK | 261 W 34th St | 397 FT | 33 FLOORS


#21

#22

I can’t for this junk to be gone.


#23

I can’t wait for this garbage to come down. This is one of the worst blocks in Midtown.

Vornado’s buildings

Chetrit’s buildings right next to Vornado’s.


#24

“Mr. [Chetrit]: Tear down this wall [of garbage]!”


#25

Here’s what the $10M-$20M NYC investment sales market looked like last week

Chetrit and Cornell add to West 34th Street assemblage; A.D. Real Estate buy East Village rental building
January 04, 2016 03:35PM
By Kyna Doles

1.) Joseph Chetrit’s Chetrit Group and Shifra Hager’s Cornell Realty Management purchased one of the final parcels needed to complete an assemblage of retail buildings along West 34th Street in Midtown. The developers acquired 257 West 34th Street from Aldad & Sons Realty for $18.3 million, and plan to redevelop the site at 251-263 West 34th Street as new retail. The four-story building was home to several eating establishments and a nail salon. Last month, Cornell and Chetrit purchased the Wendy’s at 259 West 34th Street and the Bag Man store at 261-263 West 34th Street. The developers paid a combined $61 million for the three adjacent buildings at 251-255 West 34th Street last year, but still need 249 West 34th Street to complete the assemblage. The building at 257 West 34th Street last traded hands in 1995, records show. - See more at: http://therealdeal.com/2016/01/04/heres-what-the-10m-20m-nyc-investment-sales-market-looked-like-last-week-54/#sthash.6spigpfW.dpuf

This is the POS that Chetrit just acquired.



#26

http://www.crainsnewyork.com/article/20160125/REAL_ESTATE/160129918/brooklyn-firm-goes-solo-snags-48-5-million-loan-for-retail-project#utm_medium=email&utm_source=cnyb-dailyalert&utm_campaign=cnyb-dailyalert-20160125


#27

This junk can’t come down soon enough!

The east end of this block is quite nice

On The next block to the east is the venerable Macy’s


#28

Chetrit is starting demo of the buildings on the west side of the assemblage. I guess he’s waiting to evict Wendy’s before he razes that one and BagMan.

Feb 15, 2016

Everything to the east of BagMan is owned by Vornado.


#29

Good news. This is one of the dumpiest blocks in Midtown!


#30

I agree. It seems that Vornado is still trying to get a little POS on the 8th Ave side of its assemblage. It’s occupied by a cash for gold store, and it’s situated between the corner property on 8th and 34th and the building with Famiglua Pizza.


#31

The filthy, rancid Wendy’s has closed!!!

Chetrit owns the BagMan and Wendy’s. Hopefully, those pieces of Sh…it will be shrouded in Demo netting soon.


#32

#33

[B]Here’s the permit:[/B]

[QUOTE]Pre-Filed: 04/05/2016 Building Type: Other Estimated Total Cost: $0.00
Date Filed: 04/05/2016 Electronically Filed: Yes
Fee Structure: STANDARD
Review is requested under Building Code:

[…]

13 Building Characteristics

Primary structural system: Masonry Concrete (CIP) Concrete (Precast) Wood
Steel (Structural) Steel (Cold-Formed) Steel (Encased in Concrete)

Proposed		

Structural Occupancy Category: II - OTHER THAN I, III OR IV
Seismic Design Category: CATEGORY C
2014/2008 Code Designations?
Occupancy Classification: R-1 - RESIDENTIAL: HOTELS, DORMITORIES Yes No
Construction Classification: I-B: 2 HOUR PROTECTED - NON-COMBUST Yes No
Multiple Dwelling Classification: HAEB
Building Height (ft.): 397
Building Stories: 33
Dwelling Units: 300[/QUOTE]

http://a810-bisweb.nyc.gov/bisweb/JobsQueryByNumberServlet?requestid=4&passjobnumber=122745100&passdocnumber=01

[B]Some Site History:[/B]

[QUOTE] 122745100 05 NB A PRE-FILED 04/06/2016 0060728 PE SMILOW PENDING
STRUCTURAL WORK AS PER PLANS FILED
Work on Floor(s): SUB,CEL,ROF 001 thru 031

122745100 04 NB A PRE-FILED 04/06/2016 0080090 PE CARNAVAL PENDING
MECHANICAL AND PLUMBING WORK AS PER PLANS FILED
Work on Floor(s): SUB,CEL,ROF 001 thru 032

04/05/2016 122745100 03 NB D A/P ENTIRE 04/05/2016 0048239 PE PATEL PENDING
PROVIDE SUPPORT OF EXCAVATION (SOE) AS PER PLANS FILED
Work on Floor(s): OSP

04/05/2016 122745100 02 NB D A/P ENTIRE 04/05/2016 0060728 PE SMILOW PENDING
STRUCTURAL WORK AS PER PLANS FILED
Work on Floor(s): SUB,CEL,ROF 001 thru 031

04/05/2016 122745100 01 NB H P/E IN PROCESS 04/06/2016 0018369 RA PARKER PENDING
CONSTRUCT NEW BUILDING AS PER PLANS FILED
Work on Floor(s): SUB,CEL,ROF 001 thru 032

02/02/2016 140454791 01 A3 R PERMIT-ENTIRE 02/03/2016 0082770 PE BAILEY NOT APPLICABLE
PROPOSED INSTALLATION OF PIPE SCAFFOLD AS PER PLANS. NO CHANGE IN USE, EGR
Work on Floor(s): OSP

02/02/2016 140454782 01 A3 R PERMIT-ENTIRE 02/03/2016 0082770 PE BAILEY NOT APPLICABLE
PROPOSED INSTALLATION OF HEAVY DUTY SIDEWALK SHED AS PER PLANS. NO CHANGE
Work on Floor(s): OSP

12/21/2015 122635407 01 DM E AP-NPE 12/21/2015 0087797 PE HELMAN NOT APPLICABLE
FULL DEMOLITION OF BUILDING
Work on Floor(s): 001 thru 006[/QUOTE]

http://a810-bisweb.nyc.gov/bisweb/JobsQueryByLocationServlet?requestid=1&allbin=1014395&allstrt=WEST%20%20%2034%20STREET&allnumbhous=255


#34

Nice find, Chris!

I can’t wait for the netting to go up on the Bagman and Wrndy’s; those pieces of junk can’t come down soon enough!

April 6, 2016


#35

Lots being demo’d here! Chetrit’s hotel will be at 243-255 West 34th Street, and Cornell’s retail project will be at 257-263 West 34th Street. That still leaves no. 265, 267, and the TGI Fridays building on the corner (and other cruddy buildings on Eight Ave.)


#36

The TGI building and the two little ones to the east are all owned by Virnado.

Vornado also owns the Sbarro builfing on 8th. I assume that it’s trying to acquire the smaller building on 8th between TGI and Sbarro.

Badically the entire block west of 7-11 is coming down.


#37


#38

Cinco de Mayo

I can’t wait until Bagman and The old Wendy’s come down.

Vornado owns the three buildings next to Chetrit’s site. They also will redevelop this junk.

I just like this.


#39

Demo permits were filed for the BagMan (261 W 34th St) and for the old Wendy’s (259) on March 16th, yet no work is proceeding there yet.

http://a810-bisweb.nyc.gov/bisweb/JobsQueryByNumberServlet?requestid=2&passjobnumber=122725088&passdocnumber=01

http://a810-bisweb.nyc.gov/bisweb/JobsQueryByNumberServlet?requestid=2&passjobnumber=122725097&passdocnumber=01

The other junk has largely come down.

Week of July 8th

Other than the junk which is coming down, this part of W 34th St is quite nice.


#40

I would not be surprised if Chetrit flips this site to Vornado.

July 25th