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Mentioned in this Article:
Stephen G. Kliegerman

Stephen G. Kliegerman
President of Development Marketing

The Real Deal

New Residential Developments


Harlem


PS90 220 West 148th Street

A New York City public school built in 1905 is being converted into a modern residential condo development. Sales are slated to launch this month. The apartments range in price from $475,000 to $899,000. Halstead Property Development Marketing is the exclusive sales and marketing agent.

Bushwick

550 Irving Plaza Lofts

550 Irving Avenue

The five-story building with 65 convertible one-, two- and three-bedroom apartments has opened. Amenities include an indoor swimming pool, fitness center, rooftop lounge and garden with a Jacuzzi, and a coffee shop on the ground floor. Aptsandlofts.com is the exclusive sales and marketing agent.


Lower East Side


30 Orchard Street

The new development has released five of nine units for sale, including two one-bedroom units ranging from $636,500 to $754,500 and three two-bedroom units ranging from $1.4 million to $2.3 million.


Leasing update


Williamsburg

320 Bedford Avenue Lofts

320 Bedford Avenue

Fourteen rental apartments were leased in one day, according to marketing firm aptsandlofts.com. The apartments were released to the market at 11:00 a.m., and by 12:00 p.m., 50 percent of the units had deposits from potential renters. By the end of the day, there were none left.

Construction update


Harlem

2280 Frederick Douglass Boulevard

The 12-story building topped off in July, and construction is on schedule. Halstead Property Development Marketing is exclusively marketing the development, which has a mix of studios and one-, two- and three-bedroom residences. Contact: www.2280fdb.com.


Sales update


Prospect Heights

The Sinclair

717 Prospect Place

Units are on the market at the Sinclair, a 16-condominium building. Prices range from $315,000 to $535,000. Tungsten Property is the exclusive sales agent.

Morningside Heights

Graceline Court

106 West 116th Street

The 32-unit condominium development is 55 percent sold and move-ins began in January. Units range in size from 628 to 1,679 square feet. A one-bedroom penthouse is on the market for $555,000, two-bedrooms for $575,000 and three-bedrooms for $795,000. Halstead Property Development Marketing is the exclusive marketing and sales agent. Contact: www.gracelinecourt.com.


Financing


Downtown Brooklyn

BellTel Lofts

365 Bridge Street

Clipper Equity, the developer of BellTel Lofts, announced that the building has just received Federal Housing Administration approval for qualified buyers. With FHA support, buyers can put as little as $17,000 down on one of the building's 250 units and receive up to 96 percent financing on loans up to $729,000. Contact: www.belltellofts.com.

Tuesday, September 01, 2009