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NEW DEVELOPMENT: Move-in day at Fifty Third & Eighth; Buyers rushing to 50 Clinton

Offering plan effective at Fifty Third and Eighth
HFZ Capital Group announced that the New York State Attorney General’s office has declared the offering plan of Fifty Third and Eighth, the firm’s 25-story Hell’s Kitchen condominium, effective.
Closings will begin with purchasers scheduled to move into their new homes later this month.

Fifty Third and Eighth

Located at 301 West 53rd Street, Fifty Third and Eighth offers 262 contemporary one-, two- and three-bedroom residences.
In addition, HFZ has converted the existing layouts of 61 residences to create one- and two-bedrooms with added living and entertaining space.
Exclusively represented by Douglas Elliman Development Marketing, the full-service property offers contemporary residences priced from $975,000 to more than $3.2 million.
“The property has experienced consistent popularity due to its diverse range of flexible layouts, uniquely customizable to fit the variety of lifestyles of modern buyers,” said Ziel Feldman, chairman and Founder of HFZ Capital Group.
“We anticipate buyer interest to steadily increase especially now that closings and move-ins will begin. In today’s market it is rare to have the ability to purchase and move-in quickly, and we have found our buyers are drawn to this immediate opportunity.”
BP Architects has outfitted residences with white oak wood flooring, marble baths and custom cabinetry.

Models unveiled at 1110 Park

Toll Brothers City Living has unveiled the model homes at 1110 Park Avenue.
Offering nine homes, the boutique condominium building is the final new construction residence to be built in the newly landmarked Carnegie Hill neighborhood onthe Upper East Side.

1110 Park
1110 Park

Conceived by VOA and Barry Rice Architects, 1110 Park includes one maisonette home, three full-floor apartments, three duplex apartments and a triplex penthouse with its own private rooftop pool.
All of the residences at 1110 Park Avenue offer private keyed elevator entries, fumed oak flooring, custom millwork, 10-foot high ceilings, and en-suite bathrooms in every bedroom.
Homes also have Juliette balconies that offer views of Park Avenue.
“Every detail of the homes at 1110 Park Avenue has been carefully considered to provide the most comfortable and luxurious lifestyle possible,” said David Von Spreckelsen, the New York Division President of Toll Brothers City Living.
“We’re thrilled to be able to invite prospective buyers into the building so that they can see firsthand the bright and airy living spaces, soaring ceiling heights and exquisite finishes.”
The two models currently open in the building include a full floor, 2,885 s/f three-bedroom and three-and-a-half bath home listed at $8,900,00 and a 5,702 s/f duplex with five bedrooms and five-and-a-half baths priced at $19,250,000.

Sales launch at Gardens on Fouth

Ideal Properties Group announced the launch of The Gardens on Fourth in Greenwood Heights.

Gardens on Fourth
Gardens on Fourth

The Gardens on Fourth features two storefronts and 12 one-, two-, and three-bedroom apartments with nearly all units having a private outdoor space.
The one-bedroom apartments start at $2,400, the two-bedrooms start at $3,200 and the single three-bedroom apartment is $3,500.
“Rental units in Greenwood Heights are increasingly becoming scarce and we are pleased to bring a new development to market in this eclectic neighborhood,” said Aleksandra Scepanovic, managing director of Ideal Properties Group.
The units feature tall ceilings, expansive windows, central AC, USB capable outlets, granite and stainless kitchen amenities and modern bathroom finishes.
The Gardens on Fourth has deeded storage, bicycle parking, on-site laundry, a package room, CCTV cameras around the premises and a 24-hour emergency maintenance hotline.
The neighborhood of Greenwood Heights is located between Park Slope and Sunset Park, extending from the north-west side of Green-Wood Cemetery to the Upper New York Bay waterfront just south of the Gowanus Canal.

Buyers rushing to 50 Clinton

DHA Capital announced that 50 Clinton Street, a boutique condominium on the Lower East Side, is half sold with 50 percent of residences in contract.
The building’s Issac & Stern-designed exterior, comprised of intricate brick masonry and expansive windows, houses 37 residences by interior designer, Paris Forino.

50 Clinton
50 Clinton

Since launching sales this spring, the building has achieved a per square foot average of $2,100. This is nearly double the per square foot average for Lower East Side condos sales last year.
Additionally, two of the buildings penthouses have gone into contract for an even higher average, at nearly $3,000 per square foot.
The Eklund Gomes Team of Douglas Elliman is the exclusive sales and marketing agent for the property.
“At 50 Clinton we sold more than 50 percent of the building’s 37 units in less than eight weeks on the market,” said Fredrik Eklund, who is leading sales at the building.
“This speaks volumes to the resurgence of the neighborhood. The Lower East Side has become a vibrant neighborhood with so much to offer that people are coming from all over the city and surrounding areas to buy in this coveted location.
“We’ve received so much interest that there’s a list of people waiting to get into the sales office.”
Located between Rivington and Stanton streets, 50 Clinton’s one, two and three bedroom homes priced from $1,000,000 to over $3,500,000.

Foxgate part 2 gets underway

Phase II of construction has begun at Foxgate at Islip, the 184-unit, luxury condo community on Eastview Drive and Lowell Avenue in the hamlet of Central Islip.
Forty-six additional two-bedroom residences are under construction, across the pond from Phase I, which was completed and sold out in July of 2015.
The prices of the condominiums in Phase I began in the mid-$200,000 range. Phase II residences range in price from $270,000 to $290,000.

Foxgate at Islip

The condominiums come with full-sized appliances, including a natural gas range, refrigerator, microwave, and a washer and dryer. Each unit is equipped with high-efficiency central air and clean-burning natural-gas forced-air heating.
All phase II upper units will include balconies with panoramic views. Upon completion, on-site amenities will include a private clubhouse, fully-equipped gym, multi-purpose lounge, heated outdoor in-ground pool, spacious patios, and scenic walking paths.
Foxgate at Islip, situated on property formerly owned by New York Institute of Technology, encompasses nearly 25 acres of professionally landscaped grounds.
Michael Puntillo, managing partner of Foxgate and builder of the complex, said “The moderate prices are attracting people from a wide range of demographics, and as a result, we can look forward to an extremely vibrant community.”

Plans unveiled for Yonkers building

The Ginsburg Development Companies (GDC) have unveiled a plan for a 55-unit luxury apartment building in the Greystone neighborhood of Yonkers as the latest project in its GDC Rentals brand.
The three-story building at 1175-1183 Warburton Avenue would be built one block north of River Tides at Greystone, GDC’s much larger, 330-unit complex that is under construction.


Apartments in the new building would have 10-foot ceiling heights, oversized windows, wood laminate flooring, contemporary kitchen and bath designs and indoor garage parking. A deck over the parking would become a landscaped courtyard.
The four-parcel site was the location of a planned residential development by a previous owner that failed during the real estate crash of 2008. GDC expects to break ground in spring 2016 with construction on the building expected to take approximately one year.

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