Demolition Is Complete At 201 East 23rd Street in Kips Bay, Manhattan
![201 EAST 23RD STREET](https://newdevrev.com/wp-content/uploads/2024/07/image00059-scaled-660x440.jpeg)
Demolition work has concluded at 201 East 23rd Street, the site of a 19-story residential building in Kips Bay, Manhattan. Developed by Naftali Group, which acquired the property in a 99-year ground lease for $21.5 million last September, the 210-foot-tall structure will span 111,000 square feet and yield 69 units, likely condominiums, as well as ground-floor retail space. The property is alternately addressed as 301 Third Avenue and is situated at the intersection of Third Avenue and East 23rd Street.
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