Real Estate Weekly
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NEW DEVELOPMENT: Jersey City rental leasing heats up, DUMBO condos going quick

● Greystone
Village collection introduced
Greystone just introduced its latest luxury residential property in the West Village, 175 West 10th Street.

175 W. 10th St

Located in the Greenwich Village Historic District between West 10th Street and Charles St., the boutique corner building features five full-floor residences, including a duplex penthouse with three private outdoor spaces.

The condominiums, crafted by BKSK Architects, will be offered by exclusive sales agents Fredrik Eklund and John Gomes of Douglas Elliman.

The ground floor of the building includes 85 feet of retail space along 7th Avenue South.

“It’s not every day that a special project such as this one hits the market in a highly coveted neighborhood like the West Village. We don’t expect this limited collection of thoughtfully designed residences to stay on the market very long,” said Gomes.

Jeffrey Simpson, head of Greystone Development, said, “The property celebrates townhome living with the accoutrements of new construction. It’s nestled amongst the finest global brands and independent shops, eateries from world renown chefs and spectacular access to culture, and is steps away from the new Whitney Museum and specialty galleries.”

The full-floor residences range in size from over 2,700 s/f to over 3,000 s/f in the two-story penthouse.

All of the three-bedroom homes offer private elevator entrances, private outdoor space, steel-framed windows, oil finished oak floors and 10 ft. living room ceilings.

Pricing starts at $6.6 million, with the project scheduled for completion by the end of 2016.

● Megalith / Urban Realty Partners
DUMBO classic drawing them in

Megalith Capital Management and Urban Realty Partners announced that, 200 Water Street, a six-story boutique building in DUMBO, has more than 50 percent of its units in contract since its launch in September 2015.

200 Water St
200 Water St

Previously housing a 1950s Brillo steel wool factory and a Jehovah’s Witness center, 200 Water features 15 gallery-style residences with two, three and four bedrooms.

Halstead Property Development Marketing is the exclusive sales and marketing agent for the project. The remaining available units starting at $2.85 million.

“Its unique architecture, prime location and modern amenities have resulted in 200 Water Street selling at an accelerated pace,” stated Sam Sidhu, CEO and founder of Megalith.

“The housing market in Brooklyn continues to thrive and we are excited with the enormous amount of interest 200 Water Street has generated so quickly.”

Gil Even-Tsur’s Architecture Workshop and Aufgang Architects redesigned the historic building, making significant changes to the interior structure and use while respecting its landmark status and appearance.

The building’s penthouses feature roof decks, terraces and floor-to-ceiling windows.
Amenities include a fitness center, landscaped garden, bike storage, access to parking, and a doorman.

● Ideal Properties Group
Ideal Properties launches Crown Heights condos

Ideal Properties Group has launched 359 Eastern Parkway in Crown Heights.

The building features two condominiums for sale, priced at $999,000 and $2.5 million.

359 Eastern Parkway
359 Eastern Parkway

Ideal Properties Group is the exclusive marketing firm for the new luxury project on Eastern Parkway.
“The building’s location is unsurpassable, being just steps away from the energetic Franklin Avenue,” stated Aleksandra Scepanovic, Managing Director of Ideal Properties Group.

“With Brooklyn condos continuing to sell at an astonishingly fast pace, we are delighted to bring two new units to the market, which we are certain will quickly find new owners in this dynamic market.”
The residence spreading over the lower portion of 359 Eastern Parkway is a two-bedroom, two-bath duplex with a private backyard.

Occupying the upper floors is a three-and-a-half story triplex with a mezzanine. The parlor level features a living and dining space, which opens to the kitchen. Upstairs has a laundry room and family den. The third floor has the master bedroom suite with a private balcony and ensuite bath.

● SP Milestone Properties
Summit releases three rentals

Miron Properties is leading leasing at The Summit Lofts on the Columbia Waterfront in Carroll Gardens.
The three-building development by SP Milestone Properties is offering two and three bedroom lofts ranging on price from $6,500 to $8,000.

Summit Lofts
Summit Lofts

Sonia Brown is representing one building at 47 Summit in the development and has three units currently available for rent.

A first floor two bedroom, 2-bath with a terrace is 1,450 square feet and renting for $6,500 a month. The second floor-unit is a two bedroom, 2-bath at 1,475 square feet for $7,000. The penthouse duplex is a 2,000 s/f three bedroom, 3-bath with two terraces for $8,000.

All units have radiant heated floors, in-unit washer/dryers, marble counters, central heat and air, and central vacuum.

The former warehouse garage for a coffee company is located across the street from the much first Brooklyn Tesla showroom.

● Gateway Development
VillaBXV filling home void

Gateway Development, a company of Fareri Associates, are on the home strait with sales at VillaBXV.
Situated in the heart of Bronxville, the 54-home walkable village in Westchester County is a 31-minute scheduled train ride from Midtown Manhattan.

Homes are designed with a blend of Mediterranean styling and European architectural features with contemporary interiors.

John Fareri commented, “This is a special community and people have been waiting for many years for this site to be redeveloped. But the pent-up demand within Bronxville itself has been truly impressive.

“Of our first group of buyers, the majority are long-time village residents who want to remain here, but not in a large house. They were waiting for a viable option, and VillaBXV has provided it.”

The residences are priced beginning at $1.1 million with penthouses in the $3.6 range.

● Ironstate / Panepinto
Columbus renting up a storm

Ironstate Development Company and Panepinto Propertiesʼ 70 Columbus in downtown Jersey City has leased 60 percent of the 545 residences in the first four months.

The new 50-story tower adjacent to the Grove Street PATH Station has attracted residents from both sides of the Hudson River and beyond.

The leasing activity, managed by exclusive agent, The Marketing Directors, reflects the rise of Jersey City as one of the region’s hot residential destinations.

“Jersey City has become far more than just a value alternative to Manhattan and Brooklyn, and today is flourishing with new restaurants, culture and street life that foster a vibrant, urban lifestyle experience,” said Michael Barry, President of Ironstate Holdings.

70 Columbus
70 Columbus

“Our location at the entrance of the Grove Street PATH Station offered an opportunity to create something modern, innovative and design-driven that would resonate with the growing resident base and become an asset to the City. It’s great to see that vision become a reality.”

The development team tapped Gwathmey, Siegel, Kaufman Architects (GSKA) to design 70 Columbus.
The tower’s contemporary design is visually striking from all angles while maximizing unobstructed views of the Hudson River, downtown Manhattan and the Statue of Liberty.

Common areas and indoor social spaces by Noé Duchaufour-Lawrance embody the Parisian designer’s aesthetic which is deeply rooted in his embrace of nature, color and shapes.

There is a full-time attended lobby, resident lounge and children’s playroom, a 60,000 s/f landscaped roof deck with a pool, sport court, playground and a dog run.

70 Columbus’ street-level retail space comprises a 30,000 s/f Base Gym and a soon-to-open market that will offer natural and organic foods.

A collection of studios, one- and two-bedroom residences start at $2,410 for studios, $2,850 for one-bedroom apartments and $3,950 for two-bedroom residences.

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