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Mentioned in this Article:
Stephen G. Kliegerman

Stephen G. Kliegerman
President of Development Marketing

Julia Boland

Julia Boland
Village Office

Peter Denby

Peter Denby
Village Office

BJ Engler

BJ Engler
Village Office

Mann Report

One48 Now Over 50 Percent Sold In Just 16 Weeks On The Market

ADG Landsam and Halstead Property Development Marketing announced today that 51% of the units are sold or under contract at ONE48, a new residential development located at 148 East 24th Street in the Gramercy area of Manhattan.

According to the developers, 28 contracts have beeb signed in just 16 weeks on the market. With over 50% of the building's units now in contract at ONE48, closings and occupancy are expected to being in early fall 2011.

"We are extremely pleased with the rapid pace of sales thus far," said Stephen G. Kliegerman, president of Halstead Property Development Marketing. "Despite the fact that summer is considered a slower time for real estate, potential buyers remain highly interested in and attracted to the development and we expect the momentum to continue until we achieve our goal of being 100% sold."

Located between Lexington and Third Avenues, ONE48 is a 14-story development with 55 units. The 27 remaining units are comprised of studios, one- and two-bedroom homes ranging from 453 to 751 square feel in size and priced from $599,000 to $899,000.

Wednesday, November 02, 2011