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Israeli plans tallest N.Y. residence

An Israeli real estate magnate plans to build New York City’s tallest residential building.

Yitzhak Tshuva’s Elad Group plans to add 75 stories to an existing 20-story building on Madison Avenue, Reuters reported Thursday, citing an industry source.

At 900 feet, the resulting apartment tower will be Manhattan’s tallest. The project reportedly is awaiting city approval.