Plans have been filed with the city to redevelop the Supreme Macaroni Company building at 511 Ninth Avenue between 38th and 39th Streets with a 12-story residential condominium building with 96 units.
Costas Kondylis is the architect and 511 9th LLC, a partnership headed by Solly Assa, is the developer.
A building that was part of the development site had recently been sold in an all-cash transaction valued at about $2,500,000, according to Massey Knakal Realty Services.
The home of Supreme Macaroni was a three-story, twenty-five foot wide mixed-use building and the pasta maker had a retail store on the ground floor at the back of which was a "secret" restaurant that was very popular for several decades with people who wanted a step up from the six-foot-long heros served on the other side of the avenue at Manganaro's.
The property is in a C1-7A zoning district, which carries a FAR of 6.02 and has an additional 15,000 buildable square feet, according to David Kalish of Massey Knakal who represented the seller in the deal which took place at $167 per buildable square foot. The purchaser was represented by DeMarzo Realty.
The area has considerable traffic generated by the nearby Port Authority of New York and New Jersey Bus Terminal and the Lincoln Tunnel as well as the Garment Center and the Theater District. The renaissance of Times Square and the recent development boom along West 42nd Street, however, have significantly changed the demographics of the neighborhood.
Costas Kondylis is the architect and 511 9th LLC, a partnership headed by Solly Assa, is the developer.
A building that was part of the development site had recently been sold in an all-cash transaction valued at about $2,500,000, according to Massey Knakal Realty Services.
The home of Supreme Macaroni was a three-story, twenty-five foot wide mixed-use building and the pasta maker had a retail store on the ground floor at the back of which was a "secret" restaurant that was very popular for several decades with people who wanted a step up from the six-foot-long heros served on the other side of the avenue at Manganaro's.
The property is in a C1-7A zoning district, which carries a FAR of 6.02 and has an additional 15,000 buildable square feet, according to David Kalish of Massey Knakal who represented the seller in the deal which took place at $167 per buildable square foot. The purchaser was represented by DeMarzo Realty.
The area has considerable traffic generated by the nearby Port Authority of New York and New Jersey Bus Terminal and the Lincoln Tunnel as well as the Garment Center and the Theater District. The renaissance of Times Square and the recent development boom along West 42nd Street, however, have significantly changed the demographics of the neighborhood.
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.
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