
11 East 68th Street / The Marquand
Originally built in 1913, 11 East 68th Street is a 12-story, 95,000 square foot residential building located on the Upper East Side. The building, as designed, boasts two separate wings and upon renovation will include full floor and two-unit floor condominiums. Ground floor retail is located on Madison Avenue and is fully occupied with reputable luxury brands.
Blue Talon’s Principals acquired the residential portion of the building end of 2011 and began repositioning the asset into a luxury building; both from a residential and retail perspective. The year-end of 2012 marked the completion of vacating all market-rate residential tenants and construction will continue through 2013. Building enhancements include façade restoration, new windows, enlarged penthouses, enhanced courtyard and entrance as well as retail window enlargement. The residence will include spacious full floor units that are three to six bedrooms ranging from 4,598 square feet to 6,758 square feet. Duplex Penthouses are located on the East and West and are 6,758 and 6,189 square feet with extensive outdoor space (2,000-2,500 square feet). Floors with two units include one to four bedrooms and range from 1,201 to 3,839 square feet.
Year Built/Redeveloped
1913 / 2014
Square Footage
90,025
Unit Count
29
Total Capitalization
$235 Million
Aquisition Date
2011
Status
Completed























