Fetner Properties has completed the sale of its remaining interest in two buildings, The Victory at 10th Avenue and 41st Street, and 345 East 94th Street, to Empire State Realty Trust (ESRT), which acquired the majority interest in December 2021. Fetner plans to use the proceeds to maximize returns from its new properties in Manhattan and Long Island City. 

“Currently, we are in contract to acquire two new assets on the Upper East Side, in addition to the three exciting projects we have in development. The Bold, a 27-story residential building in the Court Square neighborhood of Long Island City and its sister building, The Italic, which soars 49 stories and has a major placement on the Long Island City skyline. The two buildings will bring a combined 527 residences to the area,” said Hal Fetner, president and CEO of Fetner Properties. 

Fetner’s most recent development in Manhattan is located at 266 West 96th Street. a 23-story residential building on the Upper West Side.