● Samson Management
Sales set to launch at UWS conversion
Samson Management and Halstead Property Development Marketing (HPDM) announced the pre-sales launch of 498 West End Avenue, a luxury condominium conversion.
Continuing her long standing relationship with Samson Management, Louise Phillips Forbes will be the exclusive broker for the development.
In the heart of Manhattan’s Upper West Side between 83rd and 84th Streets, 498 West End Avenue will feature three- to five-bedroom residences designed by architecture and interior design firm CetraRuddy.
Earlier this summer, The Landmarks Preservation Commission approved a re-configured entrance, new cornices and a 4,000 /sf addition to create a penthouse.
Stephen G. Kliegerman, president of HPDM, said, “Since launching the teaser website, we have been inundated with calls from prospective purchasers trying to schedule showings.”
Samson Management CEO David Kershner, said, “Much thought, care and attention to detail will go into this conversion. Everything we do will be true to the character of this extraordinary early 1900s building – from the design of the residences, to the restoration and re-configuration of a beautiful wrought iron door.
“We have done our homework, together with our landmarks and architectural consultants, researching archival photos to help us restore the building to its original splendor,”
Sales will launch sales in September of this year and the completion of construction is slated for Spring 2015.
● Largo Investment
Price record in East Williamsburg
Bold New York announced that 281 Union Avenue has reached full occupancy at over $60 psf during a 70-day lease up, a record for residential developments in East Williamsburg.
Since opening its doors in May 2014, the property has met high demand and has surpassed leasing goals significantly ahead of the projected schedule.
Jordan Sachs, president and CEO of Bold New York and broker of 281 Union Avenue, said, “As the residential market in Williamsburg is booming, we are seeing a large migration away from the main stretch on Bedford Avenue, but a lack of quality rental product to support growing demand.
“281 Union Avenue is one of the first residential developments to deliver a luxury living experience outside of the main Bedford Avenue hub.”
281 Union Avenue was developed by Largo Investments.
The property consists of 33 one- and two-bedroom units, featuring modern design and high-end finishes, including floor-to-ceiling double glazed windows, wide plank oak floors, Miton Italian kitchens and balconies and terraces.
The building has a fitness center, car and bicycle parking, a landscaped roof deck and Clean Cube Technology.
● ADAM AMERICA
Adam America Real Estate (AARE) and the Horizon Group announceD that 500 Sterling Place, located on the border of Prospect Heights and Crown Heights, is now over 50 percent leased in four weeks, having leased its 40th unit.
The seven-story, 77-unit rental property, comprised of studios, one- and two-bedroom homes, is a popular choice for residents currently living in the neighborhood as well as those looking to move from Manhattan or other parts of New York City.
“500 Sterling is a quality product offering top-of-the-line amenities and fantastic outdoor space right in the heart of Brooklyn’s newest trendy neighborhood,” said Brendan Aguayo, senior vice president and managing director of Halstead Property Development Marketing (HPDM), the property’s exclusive marketing and leasing agent.
“Adam America and Horizon Group did an extraordinary job of bringing new residential development to an area where people want to live and play, with easy access to public transportation and downtown Manhattan.”
Almost every unit has private outdoor space and a fully-amenitized rooftop includes a misting wall, outdoor movie projector, lounging area and barbecuing stations.
Every unit at 500 Sterling, including studios, has a washer/dryer.
“This is a one-of-a-kind opportunity to live in a luxury building with quality amenities and finishes at attainable price in a contemporary Brooklyn neighborhood,” said Omri Sachs, co-founder of AARE, along with Dvir Cohen Hoshen.
“Leasing activity has been unprecedented and we anticipate momentum to continue through the summer months.”
Rents range from $1,995 to $3,100.
● Witkoff Group
Upper East Side countdown
Elaine Diratz, a Corcoran Sunshine Marketing Group managing director, announced that the 326-unit luxury condominium 515 East 72nd Street is over 98% sold, with only four ultra-luxury tower units remaining.
A 5,419 s/f penthouse with floor-to-ceiling windows, two spacious terraces totaling 3,461 s/f and 360-degree views is currently under construction and slated for fall completion.
“We are thrilled to announce that sales at 515 East 72nd Street are near completion, which is a testament to the building’s incredible views, extensive amenities and ultra-high-end finishes,” stated Lauren Witkoff, senior vice president of sales and marketing for The Witkoff Group, who also serves as the creative director of the condominium and penthouse residence.