Embelesar118 offers discounts

Embelesar118, the 58-unit Harlem co-op at 152 East 118th Street that opened last year, is offering the next five buyers a choice of one year’s free maintenance and no closing costs, which each amount to savings of between $8,000 and $17,000, according to the Bluestone Organization, which developed the building. Studios are selling in the high $200,000s, and two-bedrooms are selling in the mid $600,000s, said Sarah Herbstman of Bluestone, the project’s developer. Also, buyers already get access to favorable New York State Mortgage Association-backed loans. Bluestone said it is already the top-selling property in the area. “We’re getting very close to meeting our [Temporary Certificate of Occupancy],” said Sarah Herbstman, who developed the property with Bluestone, “and we want to get people moved in quickly.” Vie Wilson, a senior vice president at the Corcoran Group, is marketing the property. TRD

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