Located between East 197th and East 198th Streets, the interior lot is three blocks north of the Kingsbridge Road subway station, serviced by the B and D trains. Boris Babakhanov of Bolex GC Corp. is listed as the owner behind the applications.
The proposed 115-foot-tall development will yield 54,767 square feet designated for residential space. The building will have 81 residences, most likely rentals based on the average unit scope of 676 square feet. The masonry-based structure will also have a basement and a 31-foot-long rear yard.
Issac & Stern Architects is listed as the architect of record.
Demolition permits were filed for the existing, three-story residential building at the site in October. An estimated completion date has not been announced.