The Real Deal New York

New Condos: Upper East Side
The Charles at 1355 First Avenue

July 10, 2014 12:14PM

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The Charles got off to a slow start, as lack of funding stalled construction for a few years. Things began to pick up after developer Bluerock Real Estate secured an $86 million loan from Starwood Property Trust. Sales at the 31-story, 30-unit condo tower at 1355 First Avenue have been steady since they launched in October 2013. On the market, as of press time, were five four-bedroom units with asking prices ranging from $6.5 million to nearly $9.9 million. Brooklyn Nets coach Jason Kidd and sports broadcaster David Cone have been spotted checking out condos in the building, according to press reports. The David Collins-designed interiors feature white oak flooring, floor-to-ceiling windows, and Sub-Zero and Miele appliances. The project is slated for completion this year. Contact www.charlesnyc.com or 212-475-2800.

NAMEThe CharlesPRICE RANGEFrom $6,5803,500 to $9,882,000
ADDRESS1355 First AvenueSIZE RANGEFrom 3,137 Sq Ft to 3,455 Sq Ft
TYPENew BuildingAVG PPSF$2,513
TOTAL UNITS30TAX ABATEMENTYes
DEVELOPERBluerock Real EstateAVG COMMON CHARGE$0.95/sf
BROKERTown New Development Marketing and SalesFINISHED BY2014
Source: Streeteasy, BuzzBuzzHome, TRD, news reports. Data as of early July. List primarily includes Manhattan condo projects that have started sales since Jan. 1, 2010 that have units on market. Projects that started sales since Jan. 1, 2010 that subsequently sold out, have all units in contract or don’t currently have any listings on the market were excluded in most cases. “Price range,” “Size range,” “Avg PPSF (Price Per Square Foot)” and “Common Charge” refer to units currently for sale.
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