Stephen G. Kliegerman
President of Development Marketing
Back in 2006, developers purchased 702 44th Street, aka One Sunset Park, for $6.08 million. Since then, they've been converting the 54 rental units into condos as they become available (which hopefully doesn't meant they're pulling a Stuyvesant Town and trying to pry people out of their apartments). Now, the first five units are on sale, for between $300,000 for a one-bedroom to $475,000 for a two-bedroom. Only one unit has been completely remodeled, which they're using as a sales office, and the four others are under construction; 16 more are slated for reinvention. If you buy early enough, you can have a say in their remodeling.
702 44th Street [Halstead]
Friday, October 10, 2008