●RELATED SALES
Number One on Madison
Related Sales has unveiled the nearly 7,000 s/f triplex penthouse and 6,620 s/f duplex residence in One Madison. 
Both homes have half-floor master suites and 360-degree views from the river-to-river-to-sea.
The 60-story bronze glass tower with architecture by Cetra/Ruddy and interiors by Yabu Pushelberg overlooking Madison Square Park is already over 60% sold with additional units recently coming to market.
The triplex penthouse is priced at $50 million and the duplex is priced at $37.5 million.
“One Madison’s penthouse and duplex residences exemplify the very best of Manhattan living,ˮ said Leslie Wilson, senior vice president of Related Sales and director of sales at One Madison.
“With breathtaking views, expansive layouts and no detail left unattended to, these residences are truly in a class all their own. The boutique nature of the slender and intimate building also offers residents over 10,000 square feet of amenities on the fifth and sixth floors, that will serve as an extension of their home and cater to every need of their lifestyle.”
Since taking over the tower, Related has sprinkled its gold-dust on the building and raked in over $4,000 psf for many of the units.
The triplex penthouse, at the crown of One Madison, spans three full floors and has a 586 s/f wraparound terrace — one of the city’s highest private terraces.
●ALFA DEVELOPMENT
Green for go at new Alfa development
Alfa Development has launched sales at Village Green West, part of the firm’s Green Collection of ground-up, sustainable residential developments.
Located at 245 West 14th Street between Seventh and Eighth Avenues, the 27-unit building was conceived by developer Michael Namer, CEO of Alfa Development and designed by KBA Architects, the 12
“Village Green West combines the modern, sustainable living environment that Alfa Development is known for with a design aesthetic reminiscent of the 19th century industrial era,” explained Namer.
The 12-story building will have a brick façade and black steel paned windows. It will have a mix of one-, two-, three- and four-bedroom homes, along with four full-floor penthouses.
Interiors will feature various eco-friendly and locally-sourced materials, crown moldings, and wide plank European oak floors throughout. Some apartments will have private terraces or balconies.
Amenities include a green roof terrace, a wellness center with a sky-lit lounge, sauna, treatment room, coffee bar, and changing area, as well as separate bike storage.
Jim Brawders is leading the Corcoran Group Marketing team for Village Green West.
Prices start at $1.3 million with gracious penthouses starting at $7.8 million.
●HAKIMIAN ORGANIZATION
$18M month at 75 Wall
The Hakimian Organization sold 12 apartments totalling $17.76 million at 75 Wall in October.
Douglas Elliman Development Marketing is the exclusive sales and marketing firm and Ariel Cohen is leading sales.
“This has been one of our strongest months to date and the recent traffic in our sales gallery indicates steadfast momentum, especially for the months ahead,” said Ben Hakimian, founder and president of The Hakimian Organization.
Of the five deals closed at the luxury condominium this month, three were two-bedrooms sold at an average of $1,258 per square foot, while a contract signed on another two-bedroom achieved $1,561 per square foot.
“Sales at 75 Wall are setting the pace for the market in FiDi,” said Susan de França, President and CEO of Douglas Elliman Development Marketing.
“With demand high and inventory low across the city, domestic and international buyers are seeking the value found in Lower Manhattan, and we’re seeing a lot of movement as a result.”
Condominiums range from $790,000 to $8.85 million and buyers enjoy 421-G tax abatement.
●TF CORNERSTONE
Rentals off to the races
Five months after its June 1 launch, TF Cornerstone’s 4545 Center Boulevard is now more than 80 percent leased.
The 820-unit, amenity-packed property continues to draw in families, young couples and professionals, according to the developer.
The remaining rentals at the 41-story building on Long Island City’s waterfront, start at $2,750 per month with one month of free rent for new leases in November.
The building encompasses more amenity space than any other Long Island City property and its one-, two- and three-bedroom apartments have hardwood floors, gourmet kitchens and floor-to-ceiling windows that provide views overlooking East River, Gantry State Park and the Manhattan skyline.
“Leasing 80 percent of the units in a very short window of time reflects the growing popularity of Long Island City waterfront properties. In fact, we saw about a 60 percent jump in leasing activity since August,” said Sofia Estevez, executive vice president of TF Cornerstone Inc.
“The area is setting a new standard for urban living and showing how a community can successfully blend a family atmosphere with the luxury and convenience of city life, which includes new schools, cultural attractions, diverse restaurants, and panoramic Manhattan skyline views.”
The property features a 50,000 s/f outdoor amenity deck featuring a real sand beach volleyball court, two tennis courts, a reflecting pool, dog run, lawn, and sun deck with BBQ grills, lounge chairs and benches.
There are also club rooms with a catering kitchen, bicycle storage, dog-run, fitness center, indoor parking garage and 24-hour concierge and valet.
A children’s playroom was designed in collaboration with apple seeds, and a 5,000 s/f New York Kids Club is set to open on the ground level this fall.
● JMC HOLDINGS LLC
New rental in Jackson Heights
JMC Holdings LLC has purchased 40-07 73rd Street, a newly-built residential and retail property in Jackson Heights, Queens, for $20 million from, the developer, Vig Properties.
JMC Holdings has re-launched the property as The Roosevelt, a high-end rental building featuring 31 one, two- and three-bedroom apartments, a 6,930 s/f ground-floor retail space and two levels of below-grade parking.
The firm has retained Citi Habitats to oversee residential leasing at The Roosevelt and SRS Real Estate Partners to market the property’s retail space.
“The Roosevelt presented a strategic opportunity for JMC Holdings to obtain a brand-new, well-located property and reposition it to capitalize on the torrid New York rental market as well as the emerging, under-retailed landscape of Jackson Heights, Queens,” said Matt Cassin, founder of JMC Holdings LLC.
“The size and features of the residential units, as well as the unique attributes of the retail space, allow us to deliver an excellent value proposition to prospective tenants and retailers”
Added Michael Schulte of Citi Habitats, “You’d be hard pressed to find the same quality and space for a two-bedroom apartment this close to Midtown in the $2,500 to $3,000 per month range.”
Located adjacent to the Roosevelt Avenue/74th Street Station in Jackson Heights, The Roosevelt is a six-story, elevator building that was completed in 2012 and features kitchens and baths with marble countertops, stainless steel appliances, floor-to-ceiling sound-proof windows and private balconies.
The 31-unit development offers a mix of mostly two-bed, two-bath homes with starting rents beginning at $2,400 per month.
● MACK-CALI REALTY CORP.
Next Port of call
Mack-Cali Realty Corporation and its subsidiary, Roseland, have opened RiverTrace luxury rental in the Gold Coast town of West New York facing Midtown Manhattan.
The $120 million building features a collection of rentals, amenities and a waterfront setting. 
RiverTrace also includes Feng Shui elements and has been built in accordance with the U.S. Green Building Council’s (UGBC) standards for LEED certification.
Monthly rents range from $1,955 to $5,400 for studios, one-, two- and three-bedroom residences.
