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Mentioned in this Article:
Diane M. Ramirez

Diane M. Ramirez
Chief Operating Officer

Stephen G. Kliegerman

Stephen G. Kliegerman
President of Development Marketing

Elizabeth Stile

Elizabeth Stile
Village Office

The Real Deal

Construction Wraps Up At 109 Gold As Dumbo Condo Gets Tco

Diane Ramirez, president of Halstead Property, and 109 Gold Street

Construction is now complete and a temporary certificate of occupancy has been issued at 109 Gold Street, developer Gold & York LLC's 33-unit Dumbo condominium, Halstead Property Development Marketing, which is handling sales at the building, announced yesterday. The building is approved for occupancy and closings.

"Now, interested buyers will have the freedom to purchase and move in immediately," said Stephen Kliegerman, president of Halstead Property Development Marketing.

As The Real Deal previously reported, Halstead took over marketing the project from Prudential Douglas Elliman in July, after a team of Mordechai Werde and Michael Ettelson struggled to sell the units. Selling the building was a challenge, they said, because it went to market in November, 2010, far before construction was complete, an Elliman spokesperson told The Real Deal at the time. Halstead's success at the nearby Kirkman Lofts drew the developer's attention.

The property features studios and one- and two-bedroom units ranging from $325,000 to $1.075 million and 478 square feet to 1,269 square feet. It wasn't immediately clear how many units had been sold. -- Katherine Clarke

Friday, October 07, 2011