Funding Needed
$157 (Mio)
EB5 Funding
$88 (Mio)
Amount Subscribed
$88 (Mio)
EB-5 Investors
Investment Amount


New Multifamily Housing Construction (except For-Sale Builders)


New York
1355 First Avenue New York, NY 10021
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Last Update: January 30, 2018 03:38 PM

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The Charles

Developer Name
Bluerock Real Estate, LLC

Project Description

The Charles is located at 1355 First Avenue, New York, NY. Designed by David Collins Studio, the property offers modern architecture and stunning views of Manhattan. The high rise tower boasts luxury condominiums and ground-floor retail. The Charles was a record setter amongst its peers – the penthouse contract for $37.94 million remains the highest price paid for a condominium east of Third Avenue on the Upper East Side.


Project Status

Fully Subscribed

Construction Completed

I-526 Petitions Approved

Developer Loan Repaid



The Charles: Map

1355 First Avenue New York, NY 10021

Project Location Description

The Building is to be constructed on the Property located on the highly desired Upper East Side of the Borough of Manhattan in the City of New York. New York City is recognized as a world capital in culture, the arts, and finance. Manhattan is its epicenter. The Upper East Side is an exclusive district noted both for its rich cultural assets and the quality and value of its housing stock. Bounded by Central Park and the East River, The Charles is located within immediate proximity to top schools and hospitals and extends from 59th to 96th Streets. The rebounding New York economy has pushed some of the prices on Upper East Side residential properties well beyond $3,000 per square foot.

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