The New York State Public Service Commision has approved the sale of four ConEd properties to East River Real Estate Company. The properties comprise about 9 acres along First Avenue between 35th and 41st Streets.
Unfortunately, all the buildings are to be razed. There are at least one or two buildings with a lot of character that, given the proper conversion, would make unique residences. There has been much talk about development on this property in the neighborhood over the last few years. Many feel that building more high-rise buildings will just lead to more traffic and congestion in the area. That is a given, but it might be worth it if river access is improved as promised.