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Mentioned in this Article:
Stephen G. Kliegerman

Stephen G. Kliegerman
President of Development Marketing

Mann Report

Harlem's 2280 FDB Announces 51 Of Units Are Closed Or Under Contract

Halstead Property Development Marketing and RGS Holdings, LLC, in conjunction with Goldman Sachs Urban Investment Group and JP Morgan Chase Community Development, today announced that 51% of units are now closed or under contract at 220 FDB, a 12-story, 89-unit residential development located in the heart of Harlem on Frederick Douglass Boulevard between 122nd and 123rd Streets.

With construction complete, closings and move-ins began in July 2010. The building is available for immediate occupancy and is approved for Fannie Mae financing providing buyers with multiple options for mortgages at the most competitive rates.

"2280 FDB has been an integral part of the true renaissance in Harlem's Frederick Douglass Boulevard Gold Coast corridor," said Hans Futterman of RGS Holdings, the lead developer for 2280 FDB. "As the neighborhood continues to grow around us, we are pleased to announce that we have surpassed the 50% mark and are now able to offer our buyers the opportunity to receive Fannie Mae financing."

The remaining residences at 2280 FDB range in size from 455 to 1,625 square feet and in price from $339,000- $1.899 M. The development includes a mix of studios, one, two and three-bedroom homes, along with five penthouses with fireplaces.

Wednesday, June 01, 2011

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