Stephen G. Kliegerman
President of Development Marketing
Engler Denby Team
Quick off the mark
ADG Langsam and Halstead Property Development Marketing announced that 27 contracts have gone out in the last seven weeks at ONE48, a new condo at 148 East 24th Street.
With 11 contracts fully executed, 20% of the building's units have been sold in just nine weeks on the market, signaling that the development's offering plan has been declared effective by The New York State Attorney General's Office.
"We are extremely pleased by our progress and to have reached this important milestone," said Perry M. Finkelman, CEO of American Development Group, the developer of ONE48. "Buyers, as expected, have been drawn to the location, the design and the lifestyle ONE48 has to offer."
Located between Lexington and Third Avenues, ONE48 is a 14-story development with 55 units comprised of studios, one- and two-bedroom homes ranging from 400 to 1,175 square feet in size, initially priced from $425,000 to $1,650,000. Closings and occupancy are expected to begin in Fall 2011.
Wednesday, August 17, 2011