New intel on HFZ Capital’s redo of the Chatsworth in UWS

November 04, 2013

BY: BuzzBuzzHome | Joyce Chen

We’ve got new details on HFZ Capital Group‘s renovation of the Chatsworth building at 344 West 72nd Street.

Last December, HFZ bought the 1904 Beaux Arts property for $150 million.

Now, permits reveal plans to expand the 13-story building to 14 stories with a roof enlargement and pare down the existing 137 units to 81 apartments. Montroy Andersen DeMarco is the architect of record, according to a plan exam application filed October 31st.

Before the sale to HFZ, the russet-facade Chatsworth had been owned by the family of Lenore Dean for almost seven decades. About half of the apartments are rent-stabilized, and the current rent averages $35 per square foot, The Wall Street Journal reported.

The landmark elevator building is composed of two towers, and the residences are a mix of studios to four-bedrooms, with views of the Hudson River and Riverside Park, according to the listing by Eastern Consolidated. All of the market-rate units have been renovated in the last 14 years with granite countertops and Viking appliances; in 2010, the lobby was restored to its early 1900s condition.

“Our intent would be to bring it back to its original glory,” HFZ’s Ziel Feldman told the Wall Street Journal.

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