Another Upper East Side condo is muscling into the skyline, with the structure at 260 East 72nd Street now topped out at 21 stories. Rising at the corner of Second Avenue and East 72nd Street, the project will bring roughly mid-50s condominium homes and street-level retail directly across from the 72nd Street entrance to the Second Avenue subway.
Design and site
The tower leans into a prewar-inspired look that fits in with older Upper East Side neighbors, with stepped setbacks, decorative stone pillars, loggia terraces and Juliet balconies, all wrapped in beige brick with white stone trim. Architect Peter Pennoyer led the design, while C3D Architecture is listed as architect of record, and crews are now finishing the crown and installing the façade. The slim site runs south toward East 71st Street and sits immediately opposite the Q-line entrance at 72nd Street, as reported by New York YIMBY.
Developers and financing
The development is a joint effort by the Chetrit Group and the Rabsky Group, a partnership that revived a long-stalled assemblage previously occupied by low-rise homes and the St. John the Martyr church. Financing helped move the site off the sidelines, with Chetrit securing roughly a $235 million construction loan from G4 Capital in 2023, according to The Real Deal.
Units, retail and timeline
Public reporting puts the building at about 150,000 square feet, with roughly mid-50s condominium units and about 5,700 square feet of ground-floor retail, plus a five-story annex that is slated to hold four affordable apartments. While unit counts vary slightly by outlet, coverage and project materials generally point to a 54-unit plan, per Commercial Observer. CityRealty cites a target sales window in Q3 2026 and a projected completion around Q3 2027 for the main building.
What it means for the neighborhood
The tower replaces a row of smaller buildings and the demolished church and joins a growing cluster of new development around the Second Avenue subway stop. Its focus on two- to five-bedroom layouts signals a clear wager that Upper East Side buyers will pay a premium for larger homes with easy Q-train access, a theme that has surfaced repeatedly in coverage since Rabsky joined the deal. The Real Deal highlighted the Chetrit and Rabsky partnership when it was first announced.
Douglas Elliman Development Marketing has been tapped to handle sales, with a launch expected this fall and floorplans ranging from two- to five-bedroom units, according to New York YIMBY. With the structure now at full height, the next visible moves will be wrapping the façade and building out interiors leading into the projected delivery window.
