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Albany IDA Project Index


Project Number: 01011304

Project Address: 423-425 Madison Avenue

Applicant Name: Dilek LLC

Owner(s): Yusuf Dincer, Ayse Dincer

Developer: Dr. Yusef Dincer

Project Description:

This building, located prominently on the northeast corner of Lark Street and Madison Avenue, has been vacant for more than a year. The Applicant proposes demolishing the existing one story structure and constructing a new three-story, 7,000 SF mixed-use structure. The building will house six market rate apartments on floors 2-3 and 2,500 SF of restaurant space on the first floor.

Approval Date: 07/19/2012

Estimated Net Benefit to Local Taxing Jurisdictions (PILOT):

Estimated Employment Impact: 14 construction jobs and 14 full-time equivalent jobs created, 0 full-time equivalent retained

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