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Mentioned in this Article:
Stephen G. Kliegerman

Stephen G. Kliegerman
President of Development Marketing

Vanessa Connelly

Vanessa Connelly
Cobble Hill Office

Marco Auteri
Midtown Office

Realestaterama

Toren Brooklyn Iconic Condo Tower Is Now 75 Percent Sold

State-of-the-Art Design and Views Draw Buyers

By: Jill Feldman

NEW YORK, NY - June 28, 2011 - (RealEstateRama) — BFC Partners and Halstead Property Development Marketing today announced that 75 percent of the available homes at Toren, Brooklyn’s iconic new condominium tower, have been sold.
The 37-story, state-of-the-art residential high rise includes a total of 240 units and has been achieving a consistent sales rate of 10 deals per month since going on the market in April 2008. According to the developers, 20% of the building has been sold since January 2011.

The remaining 60 units include studios, one-, two- and three-bedroom units ranging in size from 449 to 1,967 square feet in size and $307,000 to $1.48 million in price with a 25-year, 421-a tax abatement. Toren is FHA and Fannie Mae approved and ready for immediate occupancy, with 66% of the buyers closed and living in the building. Located at 150 Myrtle Avenue at Flatbush Avenue, the top eight floors of the tower consist of eight one-bedroom penthouse units and 24 duplex penthouse units of two- and three-bedrooms, featuring two-story living rooms, duplex ceiling heights and spectacular views through floor-to-ceiling windows.

“Toren is a striking property on many levels,” says Stephen G. Kliegerman, president of Halstead Property Development Marketing. “Buyers have been particularly drawn to its eye-catching qualities – whether it’s the building’s exquisite exterior or the spectacular, panoramic views of Brooklyn and Manhattan from the inside.”

Toren offers a host of amenities including a multi-level roof garden; an outdoor screening area; a 2,000 square-foot fitness center with comprehensive recreational programming, a stretch center, an indoor swimming pool, locker rooms, and sauna; a library; a two-level attended parking garage; and a 24-hour attended lobby.

An environmentally friendly building, Toren is on track for Gold-LEED certification. Powered by the only full cogeneration plant in a New York City residential building, it fuels Toren’s electrical, heating and cooling needs while lowering the burden on utility companies. Occupancy sensors optimize lighting usage based on occupancy in all stairwells and common areas and reflective roofing pavers reduce solar heat gain, lowering the need for air conditioning.

For more information, please visit the website at www.torencondo.com or call 718-222-8673. Halstead Property Development Marketing is the exclusive sales and marketing agent for Toren.

Tuesday, June 28, 2011