Archive for May, 2008

New Condo Development: 80 Metropolitan Avenue, NYC 11211

Location: 80 Metropolitan (Kent Avenue and Wythe Avenue)
Size: 123 units
Prices: $425K to $1.6M
Expected Occupancy: immediate
Developer: Steiner New York
Architect: GreenbergFarrow
Sales and Marketing: Halstead Property

Overview: Williamsburg Grows Up

For years, the joke has been that the best thing about Williamsburg is that it’s the East Village, while the worst thing about it is… that it’s the new East Village. 10 years ago, this meant that Williamsburg was filled with hipsters flocking to art openings, loft parties, or shows at dive bars. While this facet of Williamsburg life is still there (and there to stay), Williamsburg has come to resemble the East Village in other aspects well. These include the presences of sushi restaurants, upscale lounges, designer furniture stores and, now, luxury condominiums.

80 Metropolitan is a completely new condo development, built on the site of the Old Dutch Mustard Company building. GreenbergFarrow’s design is tastefully reminiscent of the site’s- and neighborhood’s- industrial character. This does not mean that life inside 80 Metropolitan in any way resembles life inside a warehouse loft. The units’ luxurious kitchens include Liebherr refrigerators, Miele ovens and cook tops, Bosch dishwashers, marble finishes, polished Caesarstone countertops, lacquer and glass cabinetry with Wenge details, and garbage disposals. Baths include glass showers with marble benches, double sinks, Grohe Rainwater Showerheads, and custom Wenge Vanities. In apartment washers and dryers ensure the best of both worlds: living in Williamsburg, but never having to schlep down to the twenty-four hour laundromat on Bedford and Metropolitan.
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New Condo Development: Ariel East and Ariel West, Broadway and W. 99th Street, NY 10025

Location: 2628 Broadway and 245 W. 99th Street (Broadway and W. 99th Street)
Size: 137 units total
Prices: $1.6 through $14.5 million
Expected Occupancy: immediate
Developer: Extell Development Company
Architect: Cetra/ Ruddy
Sales and Marketing: Corcoran group

Overview: Ariel East and West- Family Friendly Luxury, Rising Over The West Side

Ariel East and Ariel West- a pair of striking glass towers on W. 99th Street and Broadway, respectively- can be seen from both New Jersey and the East Side. The two towers are architecturally very different from each other, but they stand together high above their Upper West Side neighborhood.

While striking, The Ariel Condominiums are also surprisingly livable. This is especially true for families. The buildings offer lush parkland views, child friendly common areas such as playrooms and gardens, and are comprised solely of multiple bedroom units. They offer an ideal option for who want a nice place to raise their family, but still want to live give up luxury high-rise life.
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New Condo Conversion: 1200 Fifth Avenue, NY 10029

1200 Fifth Ave.

Location: 1200 Fifth Avenue (E. 101st and E. 102nd Streets)
Size: 59 units
Prices: $1.5 to $14.5 million
Expected Occupancy: 2008
Developer: Joseph Nakash, Joseph Chetrit, Lloyd Goldman and Mann Realty
Architect: Emery Roth
Sales and Marketing: Corcoran Sunshine

Overview: 1200 Fifth Avenue- Old World Charm and New World Luxury

Condo buyers are often forced to choose between the charm of a pre-war building and the luxury of a new development. The conversion of 1200 Fifth Avenue means that you can have both at the same time. Modern luxury amenities have been seamlessly worked into 1200 Fifth Avenue, without disturbing the elegance that has graced the building since it was first built in 1928. High-beamed ceilings co-exist with central air and tilt-and-turn picture windows; old world craftsmanship co-exists with electric fireplaces, state of the art kitchen appliances, and a fitness room.

1200 Fifth Avenue’s northerly location on E. 101st Street means that it is slightly removed from the competitiveness and bustle of Carnegie Hill (some might say mercifully so), without sacrificing any value. Furthermore, the fact that 1200 Fifth Avenue is a condo building means that you can buy Fifth Avenue real estate directly, without having to go through the involved condo board approval process.
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