Leon Melohn, a developer known for his work in Gravesend, has listed his Upper West Side condominium for $15.9 million, according to Crain’s. The property is located at 535 West End Avenue and spans 8,500 square feet, which equates to about $1,870 per square foot.
Melohn and his wife purchased the full-floor condo in 2019 for $15.7 million. The unit features seven bedrooms and seven-and-a-half bathrooms. It also includes a combined living and dining room, a kitchen with custom finishes, a home office that was previously a library, and a deeded parking space in the building’s garage.
The listing is being handled by Santiago Steele of Corcoran Group. Neither Steele nor anyone associated with Melohn commented on the listing.
This move comes as Melohn shifts attention to a new project in Brooklyn. Earlier this summer, an entity linked to Melohn Properties filed an application with the Department of City Planning to rezone land at 4302 Westshore Avenue in Gravesend. The site is currently used for car storage.
Plans for the Gravesend development call for a project covering 1.5 million square feet with 1,457 residential units—about 430 of which would be designated as affordable housing—as well as 24 townhomes. The proposal also includes two high-rise buildings featuring 10,000 square feet of retail space, 80,000 square feet of community facility space, 143,000 square feet of open space, and nearly 1,000 parking spaces.
In Manhattan’s Financial District, the Melohn Group and Safehold recently secured $167 million in debt financing to refinance the leased fee interest in the ground lease at the 36-story property located at 32 Old Slip. Goldman Sachs, Barclays and Morgan Stanley provided the financing.
