Megalith Capital Management filed plans with New York Citys’ Department of Buildings to demolish 36, 38, & 40 West 66th Street. Megalith Capital purchased these three office buildings from the Walt Disney Company for $85,000,000 in March of this year. These three properties have a total frontage of 75 feet on the South Side of West 66th Street between Central Park West and Columbus Avenue.
Although about 70% of the buildings on the Upper West Side is Landmarked, these buildings are not Landmarked and have approximately 75,000 buildable square feet. With possible inclusionary housing options, this site has the potential to be built out to about 100,000 square feet. The properties also allow for retail use on the ground floor.
Megalith Capital did not comment on what they plan to build. We’ll know additional details in the coming weeks as new building permits are to be filed. Stay tuned..