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Posts Tagged ‘109 gold street’

  • Shana Bowes of MNS, 109 Gold Street and a model living room in the building

    Less than a month after the Vinegar Hill condominium building was overtaken by new ownership that planned to turn it into a rental building, 109 Gold Street will open its doors. MNS, which is leasing the 33 units in the building, said the building will hold an open house for renters April 22. [more]

  • From left: Russell Appell, president of Praedium, and exterior and interior shots of 109 Gold Street

    A recently completed condominium building at 109 Gold Street in Vinegar Hill, which The Real Deal yesterday reported was purchased by the Praedium Group in a partnership with North End Equities earlier this month, is going rental, MNS, the exclusive marketing agent for the property, said yesterday. [more]

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  • From left: Russell Appell, president of the Praedium Group, Floyd Lattin, CIO of Praedium and 109 Gold Street

    The Praedium Group, a New York City-based real estate investment firm focusing on underperforming and undervalued assets, has purchased a troubled 33-unit condominium project at 109 Gold Street, the former site of St. George’s Church in Vinegar Hill, Brooklyn, in partnership with North End Equities for $14.5 million, according to public records filed with the city today, just six months after the development finally obtained its temporary certificate of occupancy. [more]

  • From steel wool to ‘gold’ in Dumbo

    November 28, 2011 03:21PM

    From the November issue:  Back in the late 1970s, artists and like-minded bohemians who colonized the area in Brooklyn that lay in the shadow of the Manhattan Bridge thought they had hit on a bright idea: Apply the somewhat unlovely name of “Dumbo” to the area, and it would stand in such a bad odor that no one, least of all developers, would ever want to go there. According to this logic, the place would thus be safe for its down-at-the-heels inhabitants to continue living in large lofts without having to pay too much.

    Of course, that strategy seems laughable today, now that Dumbo has become one of the city’s most vibrant areas for development, as new buildings, like the recently completed 109 Gold Street, designed by the Manhattan-based firm Kutnicki Bernstein Architects, have just gone on the market. … [more]

  • 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. — Katherine Clarke[more]

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    Renderings of 109 Gold Street

    Gold & York, the developers behind 109 Gold Street in Dumbo, have tapped Halstead Property Marketing Development to replace Prudential Douglas Elliman as the exclusive marketers of the 33-unit condominium.

    Sales for some of the units launched last November, according to, and were listed by Elliman’s Mordechai Werde and Michael Ettelson. However, the site shows no sales closed.

    Halstead was officially tapped to replace the Elliman team June 24, and began marketing the building July 5. The developer made the switch because sales were not going as expected, and because of Halstead’s success at the nearby Kirkman Lofts, a spokeperson for Halstead said. — Adam Fusfeld[more]