Monday, November 10, 2008

Luxury On Lex Stretches Past 96th Street- Another 300 Units On 98th



A Third building is being added to the Carnegie Hill Place, and construction seems to be moving along at a pretty good clip. The new building will be 18 stories and house 298 luxury rental units as well as 16,000 square feet of retail. The location is on the west side of Lexington between 97th and 98th. All told, the 3 buildings combined will have a total of 669 units. A look at Carnegie Hill Place's website would indicate only 7 available apartments, or a slim vacancy rate of 2%. The available studios start at $2495, 1 beds from $2895., and 2 beds from $4895.. The developer, Kenbar group, is clearly onto something- the old "border" of 96th Street seems to be coming down block by block.

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