Residential Real Estate
New York

200 Amsterdam’s condos are back on the market

Opponents have once again challenged 52-story tower

SJP Properties' Steven Pozycki and 200 Amsterdam Ave

SJP Properties' Steven Pozycki and 200 Amsterdam Ave

UPDATE, April 6 2021, 9:45 a.m.: After a year of court battles, the condos at 200 Amsterdam Avenue are back on the market.

Developer SJP Properties and partner Mitsui Fudosan have resumed marketing 112 units in the controversial Upper West Side tower, the New York Post reported. Brown Harris Stevens will market the apartments, per the report, with units starting at $3.1 million, according to listings on StreetEasy.

Opponents of the project initially challenged the tower’s approval to the Board of Standards and Appeals in 2017. The case subsequently made its way through the court system, and in February 2020, a judge sided with the opponents and ordered the developers to trim 20 stories from the 52-story tower. But the state Appellate Division unanimously reversed the ruling last month, noting that the developer had a valid permit.

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It took another month for the developer to resume the sale to gauge the luxury real estate market, which has softened during the pandemic — although sales have turned around recently.

“We had a tremendous positive reaction by brokers and buyers since the latest ruling,” SJP CEO Steven Pozycki told the publication. “Buyers who came in two years ago have been waiting for us to come back.”

He noted that many of the prospective buyers are from the neighborhood.

Last week, opponents of the project made one last effort to halt the project, asking the Court of Appeals to take up the case. The court has yet to issue a decision.

[NYP] — Akiko Matsuda

CORRECTION: An earlier version of this story stated that the building has 120 condos; it has 112 condos.

COMPANIES AND PEOPLE

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Residential Real Estate
New York

200 Amsterdam’s condos are back on the market

Opponents have once again challenged 52-story tower

SJP Properties' Steven Pozycki and 200 Amsterdam Ave

SJP Properties' Steven Pozycki and 200 Amsterdam Ave

UPDATE, April 6 2021, 9:45 a.m.: After a year of court battles, the condos at 200 Amsterdam Avenue are back on the market.

Developer SJP Properties and partner Mitsui Fudosan have resumed marketing 112 units in the controversial Upper West Side tower, the New York Post reported. Brown Harris Stevens will market the apartments, per the report, with units starting at $3.1 million, according to listings on StreetEasy.

Opponents of the project initially challenged the tower’s approval to the Board of Standards and Appeals in 2017. The case subsequently made its way through the court system, and in February 2020, a judge sided with the opponents and ordered the developers to trim 20 stories from the 52-story tower. But the state Appellate Division unanimously reversed the ruling last month, noting that the developer had a valid permit.

Read more

It took another month for the developer to resume the sale to gauge the luxury real estate market, which has softened during the pandemic — although sales have turned around recently.

“We had a tremendous positive reaction by brokers and buyers since the latest ruling,” SJP CEO Steven Pozycki told the publication. “Buyers who came in two years ago have been waiting for us to come back.”

He noted that many of the prospective buyers are from the neighborhood.

Last week, opponents of the project made one last effort to halt the project, asking the Court of Appeals to take up the case. The court has yet to issue a decision.

[NYP] — Akiko Matsuda

CORRECTION: An earlier version of this story stated that the building has 120 condos; it has 112 condos.

COMPANIES AND PEOPLE

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