27 West 72 Street (Olcott Hotel)

Address: 27 West 72nd Street (between Columbus and Central Park West)

Block No: 1125
Lot No: 12

Landmark status: Yes

Contact

Kathleen Cudahy, Esq.
Connelly and McLaughlin
64 Fulton Street
New York, NY 10038
(212) 437-7373

Owners:
Larry Gluck, President
Stellar Management
156 Williams Street, 10th Floor
New York, NY 10038

Moshe Dan Azogui, Executive Vice President, Head of U.S. Office
Brack Capital Real Estate
855 Third Avenue, 27th Floor
New York, NY 10022
(212) 308-7200

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Summary of site plans and status

The Olcott Hotel was bought by Larry Gluck of Stellar Management and Moshe Dan Azogui of Brack Capital Real Estate for $70 million. The building was renovated. The building is occupied, and the community room has been removed. The lease with The BBQ was renewed.

Note: In November 2005, DEP issued a “Stop Work” order due to illegal asbestos removal. The building is now being converted into 162 condominium apartments.

February 15, 2006: CB7/Land Use/Transportation Committee RE: addition of accessory parking garage (15 spaces). Committee wanted more information about intended use and will reconsider in 1 month’s time.

March 7, 2006: CB7/Land Use/Transportation Committee votes NO for accessory parking garage, however they did not make an amended resolution.

April 26, 2006: City Planning Commission approved the accessory parking garage. City Planning also sent a letter recommending that the parking garage be used by 15 designated cars for 15 spaces. This letter is enforceable.

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