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The Charles at 1355 First Avenue
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.
NAME | The Charles | PRICE RANGE | From $6,5803,500 to $9,882,000 |
ADDRESS | 1355 First Avenue | SIZE RANGE | From 3,137 Sq Ft to 3,455 Sq Ft |
TYPE | New Building | AVG PPSF | $2,513 |
TOTAL UNITS | 30 | TAX ABATEMENT | Yes |
DEVELOPER | Bluerock Real Estate | AVG COMMON CHARGE | $0.95/sf |
BROKER | Town New Development Marketing and Sales | FINISHED BY | 2014 |