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Mentioned in this Article:
Stephen G. Kliegerman

Stephen G. Kliegerman
President of Development Marketing

Felicia De Chabris

Felicia De Chabris
SoHo Office

The Real Deal

88 Morningside Lands Tco

Three weeks after achieving the 50 percent sold milestone, 88 Morningside in Central Harlem received its Temporary Certificate of Occupancy, indicating construction is complete and that the building is approved for closings and move-ins. Closings and occupancy are expected to begin in late August, according to the developers, BOS Development, Horsford & Poteat Realty and the Bluestone Organization.

Sales launched for the 12-story, 73-unit condominium last June, and 32 units remain on the market, according to the building's marketing team, Halstead Property Development Marketing. The units range from 735 to 1,270 square feet and $415,000 to $880,000. Those asking prices place the average cost per square foot below some of Halstead's other new developments in Harlem, including 2280 FDB at 2280 Frederick Douglas Boulevard and 5th on the Park at 1485 Fifth Avenue.

However, Streeteasy.com shows just 21 units on the market, with one three-bedroom spread asking $940,000 thanks to two price increases. No data is available on how much the units at 88 Morningside have actually sold for, as closings have yet to be finalized. The building features an on-site storage area, media lounge, virtual concierge and fitness center. -- Adam Fusfeld

Thursday, July 21, 2011