As Leon Melohn plots a development for Gravesend, he’s ready to bury his condo unit on the Upper West Side.
The developer listed his unit at 535 West End Avenue for $15.9 million, Crain’s reported. The asking price of the 8,500-square-foot full-floor condo breaks down to $1,870 per square foot.
Melohn and his wife aren’t asking for a premium on what they paid for the unit in 2019, when they plunked down $15.7 million for the condo.
The unit includes seven bedrooms and seven-and-a-half bathrooms. There’s a combined living and dining room, a kitchen with custom finishes and a home office that was once a library. Perhaps most valuable is the deeded parking space in the building’s garage.
Corcoran Group’s Santiago Steele has the listing. Steele did not comment to the publication, nor did anyone linked to Melohn.
The listing comes as Melohn turns his focus towards a neighborhood-shaping project in another borough that’s in the early stages.
Earlier this summer, an entity that appeared to be tied to Melohn Properties filed an application with the Department of City Planning to rezone the land at 4302 Westshore Avenue in Gravesend, Brooklyn, which is being used as car storage.
The proposed project would span 1.5 million square feet and include 1,457 residential units — roughly 430 of which would be affordable — as well as 24 townhomes. The two high-rise buildings would also include 10,000 square feet of retail space, 80,000 square feet of community facility space, 143,000 square feet of open space and nearly 1,000 parking spaces.
Back in Manhattan, the Melohn Group and Safehold landed $167 million in debt to refinance the leased fee interest in the ground lease of the 36-story property at 32 Old Slip in the Financial District. Goldman Sachs, Barclays and Morgan Stanley provided the debt.— Holden Walter-Warner
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