The Real Deal New York

Construction wraps up at 109 Gold as Dumbo condo gets TCO

October 07, 2011 04:05PM

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Construction is now complete and a temporary certificate of occupancy has been issued at 109 Gold Street, developer Gold & York LLC’s 33-unit Dumbo condominium, Halstead Property Development Marketing, which is handling sales at the building, announced yesterday. The building is approved for occupancy and closings.

“Now, interested buyers will have the freedom to purchase and move in immediately,” said Stephen Kliegerman, president of Halstead Property Development Marketing.

As The Real Deal previously reported, Halstead took over marketing the project from Prudential Douglas Elliman in July, after a team of Mordechai Werde and Michael Ettelson struggled to sell the units. Selling the building was a challenge, they said, because it went to market in November, 2010, far before construction was complete, an Elliman spokesperson told The Real Deal at the time. Halstead’s success at the nearby Kirkman Lofts drew the developer’s attention.

The property features studios and one- and two-bedroom units ranging from $325,000 to $1.075 million and 478 square feet to 1,269 square feet. It wasn’t immediately clear how many units had been sold. – Katherine Clarke

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