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Certes Partners Scores $72.5M for 38-Unit UWS Condo Project

Project Breaks Ground This Month, Expected Online by the End of 2019
March 12, 2018
With its latest project, Certes Partners wants to bring the suburbs into New York City.

Alongside development partners Metropolitan Acquisitions and United Management, Certes is constructing a 100,000-square-foot, 19-story luxury condominium property at 212 W. 95th St. on the Upper West Side.

The team has obtained $71.5 million in financing from Goldman Sachs to do so.

The 38-unit building will include parking and about 9,900 square feet of retail space, according to Certes. The company tells CoStar News that site work has already begun and deliveries will begin in the fourth quarter of 2019. It will be created by merging lots addressed as 206 W. 95th St. and 214-218 W. 95th St., says Certes.

"We don’t compete with other projects. Our competitor is the suburbs," Sundar Jambunathan, co-founder of Certes Partners, said in a release. "We have worked hard to create a residence which compels people and families to stay in the city, and which attracts empty nesters to return."

Targeting a suburban living style, the residences will have private parking, storage, landscaped outdoor space and both indoor and outdoor play areas for children.

The Goldman Sachs loan was arranged by Zevi Schwartz of Black Wolf Capital. New York City-based CetraRuddy will work alongside RKTB Architects to design the project.

The Upper West Side has long been known as a quiet respite from the towering concrete and glass monoliths marking most of Manhattan. The new project's location is a half-mile from Central Park and a half-block away from the MTA 1, 2 and 3 subway lines at West 96th Street. The New York Historical Society and Museum of Natural History are in the vicinity.



Diana Bell, New York City Market Reporter  CoStar Group   
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