The Real Deal New York

Downtown Brooklyn’s Oro condos sell out

January 30, 2013 03:00PM

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From left: Rafa Maciejak and Oro

With its last apartment now in contract, Downtown Brooklyn’s Oro condominium development has completed sales, according to Rose Associates, the firm handling sales marketing. Located at 306 Gold Street, the Ismael Leyva-designed building, which was first developed by Yaron Herscho, contains 303 units, spanning one-, two- and three-bedrooms. The building first went on sale in 2007.

“We had a very active year, with more than 60 apartments selling in the past 12 months,” Rafa Maciejak, manager of residential sales for Rose Associates, said in a statement today. “A selection of these homes sold at north of $900 per square foot, which is a positive sign for this neighborhood.”

A two-bedroom, two-bathroom unit sold for $997,885 in October, Streeteasy.com shows. In early November, a studio unit that was listed for $440,000 traded for that very price.

As The Real Deal previously reported, Oro unrolled a rent-to-own program to offer prospective buyers an apartment test drive. The program delivered 15 units that went from rentals to purchased properties.

Units have floor-to-ceiling glass windows and hardwood flooring, to name a couple of amenities. –Zachary Kussin

  • 1spresident30

    How are the parking spot sales going?

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