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Mentioned in this Article:
Stephen G. Kliegerman

Stephen G. Kliegerman
President of Development Marketing

Julia Boland

Julia Boland
Village Office

BJ Engler

BJ Engler
Village Office

Peter Denby

Peter Denby
Village Office

Realestaterama

One48 New Gramercy Area Development Is Now 75 Percent Sold

by Amy Nizwantowski

Design and Location Drives Sales; Only 14 Units Remain

NEW YORK, NY – ADG Langsam and Halstead Property Development Marketing today announced that 75% 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 developers, 41 contracts have been signed since the May 2011 launch of sales. Prices were increased at ONE48 shortly after the launch and all units to date have been sold at full asking price. Closings and occupancy are expected to begin in December 2011.

“Sales have been thriving, with an average of eight units sold per month since May,” said Stephen G. Kliegerman, president of Halstead Property Development Marketing. “We are confident that sales will remain steady until we are sold out.”

Located between Lexington and Third Avenues, ONE48 (www.ONE48ny.com) is a 14-story development with 55 units. The remaining 14 homes are comprised of studios and one bedrooms ranging from 453-751 square feet in size and from $599,000 – $899,000 in price. Two of the remaining units, which were just modeled, include: 14C, a high floor, 711-square foot one bedroom, one bath unit with a south facing wall of glass, a balcony and spectacular, wide-open, city views; and 4C, a generous 500-square foot, south facing, alcove studio with a 60-square foot balcony.

“We are extremely pleased with the success of ONE48,” said Perry M. Finkelman, CEO of American Development Group, the developer of ONE48. “Buyers continue to be drawn to the location, the design and the lifestyle ONE48 has to offer.”

All residences at ONE48 are designed with spacious layouts, white oak hardwood floors, large storage closets and floor-to-ceiling windows. Kitchens are appointed with custom, self-closing, white lacquer cabinets accented with quartz stone countertops and glass backsplashes and a deep Vasser sink. Stainless steel appliances include Fisher & Paykel refrigerators and ranges equipped with a warming drawer. Units are also equipped with a Frigidaire dishwasher, a Sharp microwave and a custom beverage/wine rack.

Master bathrooms include custom walnut bath vanities, deep-soaking tubs with oversized rain shower heads, custom mirrors with integrated medicine cabinets and storage cabinets with full-length mirrors. Modern Vasser fixtures and dual flush Vasser commodes are set against imported European porcelain floors and wall tiles.

Building amenities include a state-of-the-art media room with a 63-inch home theater system with surround sound as well as three gaming systems (Wii, Sony Playstation and Xbox), a foosball table and an iPod docking station. ONE48 also features: a high-tech Automotion Parking System; a 24-hour attended lobby and live-in superintendent; a furnished common roof terrace with breathtaking views of the Empire State Building; a built-in barbecue grill and a modern laundry facility. Bike storage facilities are also available.

Situated at the intersection of the three hottest neighborhoods in New York City, ONE48 is closest to the 6, N and R trains at 23rd Street. The neighborhood is crowded with some of the city’s finest restaurants, upscale shopping and trendiest nightspots — from Anthony Bourdain’s Les Halles, Mario Batali’s Eataly and Shake Shack, to Madison Park, the Ace Hotel and, in the Flatiron District, the many floors of ABC Carpet & Home.

ADG Langsam (www.adgorg.com) is the developer of ONE48 and Halstead Property Development Marketing is the exclusive marketing and sales agent. The Boland Group is spearheading sales for ONE48. For photos and floor plans, please visit (www.ONE48ny.com).

Wednesday, November 02, 2011