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Mentioned in this Article:
Stephen G. Kliegerman

Stephen G. Kliegerman
President of Development Marketing

Neil Tilbury

Neil Tilbury
Village Office

Brokers Weekly

New Development

Five units left at Beacon Towers

Halstead Property Development Marketing announced that 93% of units have been sold at Beacon Towers, a Central Harlem co-op development.

The eight-story property at 29 West 138th Street has 73 residentces created in direct response to the need for affordable housing in New York City by Strategic Development and Construction Group and Lemle & Wolff, Inc.

Of the five remaining units, there is a one bedroom priced at $275,000 while two bedrooms start at $335,000. Down payments of 3.5% are accepted and financed through The State of New York Mortgage Agency (SONYMA) loan program.

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

Wednesday, September 14, 2011

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