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East 50th Street activity
By Carter Horsley   |   From Archives Monday, August 15, 2005
Time Equities is converting the two attractive brownstone buildings at 342 and 344 East 50th Street to 15 condominium apartments.

The project is known as the Beekman Condo. The five-story buildings are twins and each has an 11-step stoop with cast-iron banisters and cast-iron fences around their front yards and dormer windows on the fifth floors.

The buildings have high ceilings and tall arched entrance doors and protruding air-conditioners.

They are directly across the street from four other brownstones that are currently under a renovation designed by Kushner Studios for the American Development Group that will result next year in 23 condominium apartments.

The mid-block buildings are convenient to the United Nations and Beekman and Sutton Places and there is good cross-town bus service.

This area has witnessed considerable activity in recent years such as the Grand Beekman condominium tower on the southeast corner of First Avenue at 51st Street developed by Izak Senbahar and designed by Costas Kondylis. In December, the same team filed building plans for a new 6-story, 30-unit residential building adjoining the Grand Beekman on the northeast corner of 50th Street and First Avenue, a site now occupied by a six-story, red-brick building with fire escapes and a curved corner.

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Architecture Critic Carter Horsley Since 1997, Carter B. Horsley has been the editorial director of CityRealty. He began his journalistic career at The New York Times in 1961 where he spent 26 years as a reporter specializing in real estate & architectural news. In 1987, he became the architecture critic and real estate editor of The New York Post.