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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 Developments

Shelton Sales Milestone

TNS Development Group Ltd., Great American Construction Corp. and Halstead Property Development Marketing announced that 55% of the units are sold at The Shelton, a newly constructed 140story development in Bedford Stuyvesant, Brooklyn. Located at 775 Lafayette Avenue between Throop Avenue and Marcus Garvey Boulevard, The Shelton features a total of 83 income-restricted one, two and three-bedroom homes.
"We are thrilled by the interest The Shelton has generated in the marketplace thus far," said Samuel G. Gaccione, executive vice president of TNS Development Group Ltd.
"By creating quality homes at an affordable price, we are helping many New Yorkers achieve the dream of homeownership."
With half of the units now sold, the 37 remaining units include: one-bedrooms priced from $207,500 to $249,500; two-bedrooms from $325,000 to $456,000; and three-bedrooms from $387,500 to $455,000.
The higher prices include one- and two-bedroom penthouses with private roof terraces. All remaining units are available to buyers with total household incomes between $39,612 and $166,075.
Stephen G. Kliegerman, president of Halstead Property Development Marketing, said, "We are very proud of the progress we have made thus far and, as inventory diminishes across the five boroughs, we anticipate the steady sales pace to continue."

Wednesday, July 11, 2012

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