Plans Emerge for Largest NY Synagogue in 50 Years

NEW YORK CITY-The search for a new site for the Lincoln Square Synagogue began five years ago and has finally culminated in a deal that allows the synagogue to relocate and provides a majority of the construction financing. American Continental Properties Inc. has agreed to a land swap on the Upper West Side to make way for the development.

Moshe Sukenik, EVP of Newmark Knight Frank, tells GlobeSt.com that the five-year search has ended in a way that “no one envisioned” years ago when the process began. The Lincoln Square Synagogue occupies two adjacent sites that had unused air rights and contained one older building that was in disrepair at 200 Amsterdam Ave. Through the years a number of plans were suggested, including selling the sites to a residential developer who would build the synagogue into the base of the project, and teaming up with a nonprofit that was looking to build.

As these two deals were beginning to take form another began brewing. “The ACP stepped up to the plate with a more aggressive offer,” Sukenik says. The offer was a trade. The Synagogue, which couldn’t move far since the congregation walks to services, would take a 12,000-sf parcel on Amsterdam Avenue that is part of a bigger site owned by ACP. The new location is roughly 100 feet from the former one and will be a stand-alone which Sukenik says is virtually impossible to find in today’s market for a nonprofit. For its part ACP would take the Synagogue’s two parcels and write a check that would cover a majority of the 52,000-sf building’s construction costs for the new Lincoln Square Synagogue.