New intel on HFZ Capital’s redo of the Chatsworth in UWS
November 04, 2013
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.Read full article