Megalith Seeks to Demolish Trio of UWS Buildings
New York-based developer and equity investor Megalith Capital Management has filed applications seeking permits to raze three Lincoln Square office buildings they recently purchased, according to Department of Buildings records.
In March the firm bought the three small office buildings on 66th Street between Central Park West and Columbus Avenue from the Walt Disney Company for $85 million.
It’s a sizeable deal for Megalith, which financed the acquisition with a $55 million mortgage from RCG LV DEBT V REIT, a fund associated with RCG Longview, as Commercial Observer previously reported. In April, Megalith’s Samvir Sidhu confirmed the acquisition but declined to comment on the company’s plans.
The two- and four-story buildings are at 36 West 66th Street, 38 West 66th Street and 40 West 66th Street.
Megalith declined to comment through a spokesman.