Halstead Property

Stephen G. Kliegerman
President of Development Marketing
skliegerman@halstead.com
(212) 381-4203

Neil Tilbury
Sr. Vice President
Village Office
Tel: (212) 381-6508
ntilbury@halstead.com

Tony Von Meyers
Sr. Vice President
Village Office
Tel: (212) 381-4217
tvonmeyers@halstead.com

Beacon Towers Announces Launch Of Final Sale Incentives On Last Five Units Including Lease To Own Discounts And More

By Jill Feldman

Homeownership Never More Affordable; Two Bedrooms Start at $335k

NEW YORK, NY - Halstead Property Development Marketing today announced that, with just five units still available, the final sales push has begun at Beacon Towers, a Central Harlem cooperative development.

Buyers who sign before Thanksgiving 2011 will be able to choose from the following incentives:

- Discounts on units that range between 5 and 10 percent on already reduced prices;
- Lease-to-own opportunities;
- Furnished homes (including the furniture the units have been staged with), and;
- Down payments as low as 3.5 percent through SONYMA financing

Located at 29 West 138th Street between Lenox and 5th Avenues, Beacon Towers is an eight-story development comprised of 73 residences. The remaining five units include: a one-bedroom, one-bathroom south facing unit for $275,000; a two-bedroom, two-bathroom south-facing unit for $335,000; a two-bedroom, two-bathroom top floor south-facing unit for $395,000; and two two-bedroom, one-bathroom top floor north-facing units for $395,000. All units come with their own washer/dryer and have lower maintenance than comparable properties in new developments and re-sales.

“After an extremely successful run of sales that brought us here to the 93 percent sold mark, we’re adding to the excitement at Beacon Towers by offering a few, final incentives to buy as we approach the finish line,” said Stephen G. Kliegerman, president of Halstead Property Development Marketing. “With low interest rates and these excellent deals, there simply is no better time to buy than now.”

Construction on the project is complete and immediate occupancy is available with no board approval required. Since Beacon Towers was built with the middle class buyer in mind, the qualifying salary cap for the income-restricted units at Beacon Towers is $204,500.

“The value of this building has continued to increase from the day we broke ground to its completion, which makes these units even more affordable by today’s standards,” said John J. Frezza, principal of Strategic Development and Construction Group. “We expect the final units to go quickly and are looking forward to moving on to our new projects across the five boroughs.”

Beacon Towers residences are built with such top-of-the-line finishes as select oak hardwood flooring and oversized “Low E” windows, as well as bathrooms with soaking tubs, designer Kohler hardware and fixtures and Eurotech washers and dryers. A fitness center is among the many amenities at Beacon Towers, which also has a part-time attended lobby, a landscaped courtyard garden and underground secured parking. All residences are pre-wired for cable TV, high-speed internet access with accommodations for future technologies and some units are constructed with private terraces and/or river views.

For a full list of available units and floor plans, please visit: http://www.beacontowersliving.com.

Wednesday, September 21, 2011