Stephen G. Kliegerman
President of Development Marketing
NEW YORK, NY - August 30, 2011 - (RealEstateRama) — Halstead Property Development Marketing and West 147th Associates LLC, the developers of PS90, today announced a new tuition incentive of $1,000 per unit for buyers who sign new contracts by September 30th.
PS90, a premier residential development, is the redevelopment of a circa 1905 elementary school, and this incentive pays homage to the building’s history. Developers note that the incentive is recommended for school-related activities, such as taking a class or adding to a college fund. The incentive will be given as a credit after the buyer provides a bill or receipt for their school-related expenses incurred within three months of closing on a contract.
“As another school year begins, we wanted to find a way to entice buyers, but also encompass the history of PS90,” said Lisa Gomez, executive vice president of development at L+M Development Partners, Inc., the lead developer of PS90. “This incentive not only reflects PS90’s unique past, but encourages buyers to make it part of their future.”
PS90 is a classic example of collegiate gothic-style design featuring original touches like ornate spires, intricate masonry, elaborate stonework and gargoyles, which offset the modern loft-like floor plans. Located at 220 West 148th Street, PS90 features a total of 75 residences in a mix of studio, one-, two- and three-bedroom homes.
Now over 85% closed or under contract, the nine remaining units range from approximately 762 to 1,315 square feet in size and $425,000 to $755,000 in price. Three penthouse one bedroom apartments remain with private terraces of approximately 135 square feet. For more information, please visit: (www.ps90condo.com).
All homes at PS90 feature herringbone pattern oak flooring, central air and heat and Bosch washers and dryers. Custom-designed kitchens include stainless steel appliances with under-mount sinks and disposals, walnut-toned wood cabinets and pantries, Quartzite countertops and backsplashes and under-counter microwaves in the islands. Bathrooms feature grey staggered bond mosaic walls and floors, honed Palmira tile bath and shower walls, custom tubs and separate showers with oversized rain shower heads with wands, charcoal grey vanities with integrated sinks, and dramatic recessed lighting coves.
PS90 is being developed by West 147th Associates LLC, an affiliate of L+M Development Partners Inc., financing is provided by Goldman Sachs’ Urban Investment Group and Wells Fargo N.A. The development is exclusively marketed and sold by Halstead Property Development Marketing. For more renderings, photos or more information, please contact Amy Nizwantowski at Amy (at) mediashoppr (dot) com or 212-867-8778 x232.
Thursday, September 01, 2011