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Mentioned in this Article:
Stephen G. Kliegerman

Stephen G. Kliegerman
President of Development Marketing

Real Estate Weekly

One48 Getting Into Gear

ADG Langsam and Halstead Property Development Marketing announced the launch of sales at 148 East 24th Street, a new residential condominium in Gramercy Park.

Located between Lexington and Third Avenues, ONE48 is a 14-floor development with 55 units comprised of sutdios, one- and two-bedroom homes randing from 400 to 1,175 s/f and initally priced from $425,000 to $1,650,000 featuring an anticipated 10-year, 421-A tax abatement.

Occupancy is expected to begin in late fall 2011.

ONE48 is being developed by ADG Langsam. For the first time, ADG will highlight its subsidiary brands, Vasser and Schluss, two companies which produce high-end bath and kitchen fixtures, cabinets and tiles.

"Our team has custom designed and crafted most of the finishes including the kitchen cabinetry and hardware and plumbing fixtures, and we are proud of what we have achieved at ONE48," said Perry Finkelman, CEO of ADG.

"The calming, minimalist decor designed by Penelope Kim gives the entire building a serene feel that will soothe the senses of New Yorkers coming home from the busy outside world."

The developers are also installing the futuristic and efficient Automotion Parking System on site. The fully automated parking garage ensures that cars are never touched or driven in the attendant-free park-and-lock system.

Residents will be guaranteed a spot if they choose to have one at an additional monthly expense.

ONE48 residents will be able to watch the entire state-of-the-art parking and retrieval process from the common media room which is also home to a luxe lounge featuring a home theater system, three gaming systems, a foosball table, and an iPod docking station.

The development is being exclusively marketing and sold by Halstead Property Development Marketing. The Boland Group is spearheading sales for ONE48.

Wednesday, June 08, 2011

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