Davis & Partners and RFR Holding Partnership Putting East Side Condos on the Market

NEW YORK CITY-The partnership between Davis & Partners and RFR Holding LLC are nearing completion of a Third Avenue building and have filed a plan with the state attorney general’s office for a First Avenue development. The units at the latter are ready for occupancy. Both buildings are to be condominiums, with units ranging from $400,000 to $3.9 million.

The first property, named Empire, is located at 188 East 78th St. and Third Avenue. Of the 76 one- to five-bedroom units, all but one have been sold for $600,000 to $3.9 million. The building is billed as a high-end luxury residential housing facility, providing an investment alternative to the rising cost of rentals.

The second property, named Impala, consists of a 31-story tower facing First Avenue and an 11-story building facing 76th Street. The two buildings are joined by an interior courtyard and a corridor within the buildings. There are 194 units in the two buildings ranging from 474-sf studios priced to 1,865-sf three-bedroom units. Residents will be able to purchase neighboring units to expand. This development was originally marketed as a rental building, but reportedly after months of debate, the owners decided to go condo.