Slate Property Group Files Permits to Demolish Tenement Building in Murray Hill

Posted On Sat, February 6, 2016 By

Posted On Sat, February 6, 2016 By In Murray Hill, New Developments, Rentals

Slate Property Group filed permits fully demolish a five-story walk-up building at 203 East 33rd Street in Murray Hill. No details of their plans have been made public, but the team has the ability to transfer development rights from the string of adjacent properties they own to construct a mid-size building.

Built in the early 1900’s, the structure is one of seven adjacent tenement buildings between Second and Third Avenues that the development group purchased in 2013 that are altogether called The Collective. In all, the buildings comprise 146 rental apartments and eight retail spaces. A $10 million renovation and rebranding reconfigured the units into smaller apartments with high-end appliances aimed at young college students and post-graduates. All seven buildings are linked with an underground tunnel, which features a screening room and a game room. Other amenities include a part-time doorman, dishwashers, and a huge shared rooftop terrace with outdoor seating.

203 East 33rd Street - Slate Propert Mgmt
Image courtesy of CityRealty

No demolition permits have been filed for any of the Collectives’ other adjacent buildings. Current availabilities in those buildings include one-bedrooms starting at $2,667, two bedrooms starting at $3,378 per month, and three-bedrooms starting at $4,044 per month. The area around the project, at the intersection of Murray Hill and Kips Bay, has seen a cluster of recent developments over the past decade or so, including the condos The Charleston, Toll Brothers’ 303 East 33rd Street, and an upcoming 107-unit tower at 237 East 34th Street designed by C3D Architecture. Largest of them all is the 480-unit rental building The Anthem at 222 East 34th Street where one-bedrooms start at $3,615 per month.

Find future listings for 203 East 33rd Street at CityRealty.

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