A ribbon-cutting ceremony was recently held for The Conservatory, a new 19-unit apartment building in the downtown area.
Jeff and Deane Pfeil of Pfeil & Co. are the developers of the renovation project, which is located at a former department store on 65 Third Ave.
The property stood vacant until the Pfeils acquired it several years ago.
The five-story building will feature 19 one and two-bedroom units, 8,700 s/f of retail space on the ground floor and underground parking for 22 vehicles.
Past tenants of the property include the Troy Conservatory of Music and Stanly Dry Goods.
Brooklyn, NY Investment Property Realty Group (IPRG) closed the sale of 247 Leonard St., a multi-family building located in the Williamsburg section of the city, for $2.175
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