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Peter Fine acquires 1986-1998 Second Avenue

New residential project to follow

Renderings of 1986-1998 Second Avenue (Credit: Meridian Capital)

Peter Fine has acquired a development site at 1986-1998 Second Avenue from Charles Dayan’s Bonjour Capital for $28.5 million, according to TRD. The East Harlem residential site allows for the development of 105,276 SF.

What comes next: Fine is planning a rental building with 160 apartments, which will benefit from the second phase of the Second Avenue subway. The eight-parcel assemblage is located between East 102nd and East 103rd Streets. 

Flashback: Bonjour Capital paid a total of $28.55 million for the properties in 2015.

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