The Real Deal New York

Posts Tagged ‘david maundrell’

  • From left: a courtyard and an interior at 50 N. 5th Street

    From left: a courtyard and an interior at 50 N. Fifth Street

    Mack Real Estate Group’s 50 N. Fifth Street, a 229-unit luxury Williamsburg rental that claims it features “the services of a boutique hotel,” is 50 percent rented four months after hitting the market, exclusive broker Aptsandlofts.com told The Real Deal today. [more]

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  • david-maundrell

    308 Malcom X Boulevard and David Maundrell

    With an ear to the ground for the next breakout Brooklyn market, brokerage Aptsandlofts.com signed a lease for 2,000 square feet over two floors at 308 Malcolm X Boulevard, between MacDonough and Decatur streets, in Bedford-Stuyvesant.

    The Williamsburg-based sales and rental brokerage opened its second Brooklyn office in Cobble Hill last year, and this marks the third. Founder David Maundrell said he is seeing families increasingly spend roughly $1 million in Bed-Stuy to convert a three-family house into a single-family one. [more]

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  • michael-allen-elliman-driggs

    Elliman’s Michael Allen and 490 Driggs Avenue

    UPDATED, 10:05 a.m., June 4: Douglas Elliman has installed Michael Allen, a recent hire from aptsandlofts.com, as director of marketing in Brooklyn, as well as the director of sales for the Williamsburg office.

    Allen, who joined the brokerage in April, began last week overseeing more than 40 agents at the brokerage’s Williamsburg office at 490 Driggs Avenue. [more]

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  • What I did for the gig: David Maundrell

    February 06, 2013 05:30PM

    Inset: David Maundrell

    “What I did for the gig” is a weekly web feature that chronicles the outlandish, risky and comical strategies that residential and commercial real estate brokers have used to land listings, clients and jobs.

    Don’t count your chickens before they’re hatched. So may go the proverb, but for David Maundrell, founder of aptsandlofts.com, doing just that led him to the golden egg of his first new development contract. [more]

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  • The start-up generation

    December 06, 2012 10:00AM

    Blu Realty founders, from left: David Tobon, Moshe Balalo, Alon Chadad, Michael Arcos and Andy Kim

    From the December issue: The entrepreneur has had something of a moment lately, with both Presidential campaigns heaping praise on small businesses in addition to self-employment looking increasingly attractive after the corporate bankruptcies and mass layoffs spurred by the economic crisis. But before you think Silicon Valley has cornered the market on entrepreneurial whiz kids, take a look closer to home: New York City real estate has seen a bevy of new residential firms in recent years. [more]

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  • David Maundrell, 29 Montrose Avenue and a living room in the condo

    For all the new condominium developments that have risen in Williamsburg in the last decade, brokers expect just one such project to hit the market this year. Crain’s reported that Williamsburg’s lone new condo of 2012 had its grand opening yesterday. Apartments in the 10-unit property, at 29 Montrose Avenue, began trickling on the market this week under marketers Aptsandlofts.com. [more]

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  • David Maundrell and Sunset Park

    Artists are flocking to Sunset Park to work in the commercial lofts being offered on the cheap at Industry City as the neighborhood’s real estate prices remain relatively inexpensive, the Wall Street Journal reported. One-bedroom pre-war apartments typically sell for $200,000 and 1,000-square-foot, three-bedroom apartments go for around $350,000. [more]

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  • David Maundrell and the Jardin at 142 North 6th Street

    Just five weeks after the units hit the rental market, Williamsburg’s Jardin building is fully leased, according to its aptsandlofts.com marketing team. When the last lease was signed late last week, it marked the end of the latest chapter in a long and troubled history for the 44-unit building at 142 North 6th Street. [more]

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  • From left: Anne Hathaway, Paul Giamatti, Bjork and Ed Westwick

    Brooklyn is quickly joining the ranks of Manhattan and Beverly Hills as a haven for celebrity home seekers, according to the New York Daily News. While local celebrity Pat Kiernan may be the latest, bigger names, including actors Anne Hathaway, Ed Westwick, Paul Giamatti and Amy Ryan, and singers Bjork and Norah Jones have descended upon the borough of late. [more]

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  • From left: Aptsandlofts President David Maundrell and the Jardin's courtyard

    Williamsburg’s condominium-turned-rental development the Jardin released pricing information to The Real Deal as it prepares to hit the market today. The 44 units are a mix of 941-square-foot duplex studios, 697-square-foot one-bedrooms and 1,100-square-foot two-bedrooms that will start at $2,769, $2,579 and $3,600 per month, respectively, according to the building’s leasing brokerage Aptsandlofts.com. [more]

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  • Williamsburg condo Jardin goes rental

    January 26, 2012 04:00PM

    A rendering of the Jardin, at 142 North 6th Street

    The Jardin, a 44-unit condominium at 142 North 6th Street in Williamsburg, will be turning rental, Curbed reported.

    The building will refund the deposits of all buyers in contract according to Curbed’s anonymous source who is a buyer. David Maundrell, president of Aptsandlofts.com, the exclusive agent for Jardin, told The Real Deal the decision was “a numbers game,” that had to do with short-term versus long-term capital gains taxes, but did not elaborate on exactly how this would benefit the building. Aptsandlofts.com will remain the exclusive leasing agent, Maundrell said.  [more]

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  • Williamsburg units rush onto rental market

    December 15, 2011 01:07PM

    Much of the Williamsburg development activity that stalled as a result of the recession is being revived, the New York Post reported, and most of it will be delivered in the form of rentals.

    “There are a lot of buildings in Williamsburg that have gone rental,” said Christine Blackburn of the Corcoran Group. “It has to do with financing. The financing that is available is available for rentals and not for condos. The banks see . . . things leasing for $50 a foot now, and it’s enough for them to lend on.”

    Among new rental properties hitting the market are 170 North Fifth Street, a 16-unit development that was initially imagined as condos, which Blackburn is marketing, and the Driggs at 205 North Ninth Street, where 21 of 113 units are already leased, according to the Post. … [more]

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  • An upcoming change in mortgage limits could disproportionately affect buyers in New York City because prices are higher than in the rest of the country, the New York Times reported. On Oct. 1, the limit on federally guaranteed loans drops to $625,500 from the current level of $729,750, meaning that buyers in the city and surrounding suburbs will have to come up with larger down payments or have to apply for so-called jumbo loans above $625,000 at higher interest rates.

    Because for many buyers neither option may be possible, they are setting Sept. 30 deadlines to close deals before the change. … [more]

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    Aptsandlofts.com President David Maundrell and 904 Pacific Street

    [Updated at 6:20 p.m., with comments from Aguayo and Huebener] After two years on and off the market with Aguayo and Huebener, aptsandlofts.com has taken over marketing and relaunched sales at the 21-unit 904 Pacific Street in Crown Heights, said aptsandlofts.com President David Maundrell.

    The condominium was last on the market in May for two months before an aptsandlofts.com team led by Steven Laurelli, director of on-site sales, became the new exclusive marketing and sales team around Aug. 8.

    The building, dubbed “The Collection,” was originally developed by Eli Karp’s Supreme Builders and Developers, as part of its Hello Living series of Brooklyn apartment buildings, which includes condos at 916, 925, 935, 957 and 1311 Pacific Street and 802 Dean Street in addition to 904 Pacific Street. … [more]

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  • Aptsandlofts.com CEO David Maundrell and 544 Union Avenue (building source: PropertyShark)

    Another stalled Williamsburg development site is gearing up for a revival this month, the latest in a trend of busted condominiums-turned-rentals in the neighborhood.

    According to David Maundrell, CEO of the brokerage aptsandlofts.com, construction is set to begin “any day now” on a roughly 98-unit, Karl Fischer-designed rental apartment building on the site of the former Beach Russ factory at 544 Union Avenue. Aptsandlofts.com will be heading up the leasing efforts at the building, which is expected to launch in late 2012, he said. … [more]

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    David Maundrell, president of aptsandlofts.com, and 175 Kent Avenue

    [Updated July 28 10:15 a.m. with leasing prices from the marketers] The 112-unit rental building at 175 Kent Avenue in Williamsburg is now completely leased, according to its exclusive marketers aptsandlofts.com. Sales in the Chetrit Group-developed building officially launched in April, although some listings appeared on Streeteasy.com months before. Monthly rents range from $2,343 for studios to $5,250 for two-bedroom penthouses, aptsandlofts.com said.

    Aptsandlofts.com got a head start on marketing the building by releasing a video game on its site, called Tour de Burg, where players dodged obstacles to arrive at the Williamsburg waterfront property. The 550 winners were given a code that allowed them priority entry into the seven-story building. – Adam Fusfeld[more]

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  • Goodbye Ishi, hello Mark Plus

    June 23, 2011 02:25PM

    Say ‘Hello’ again to the former Ishi condominium at 542 St. Marks Avenue in Crown Heights, the 36-unit building that’s returning to the market this weekend after a two-year break with a new name and an across-the-board price chop. According to Crain’s, Ishi, originally part of developer Eli Karp’s original Hello Living apartments brand, is to be called Mark Plus Condominiums from now on. The building was at the center of a legal dispute last year between Karp and his investors, who had accused him of pilfering funds from the project. It’s not clear where that clash currently stands, but the building is now under anonymous new ownership, and Aptsandlofts.com has taken over marketing on their behalf. … [more]

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  • DoBro competes for big-box retailers

    June 17, 2011 01:54PM
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    From left at the Brooklyn Real Estate Summit: Tim King of CPEX, Joe Chan of the Downtown Brooklyn Partnership and Michael Phillips of Jamestown; Michael Zazza of the Zazza Development Group and Susan Pollock of CPC Resources

    Though the price disparity in their residential markets may be narrowing,
    Brooklyn still lags far behind Manhattan in the number of big national
    retailers. That was a major discussion point at the 2011 Brooklyn Real
    Estate Summit held yesterday at St. Francis College in Downtown
    Brooklyn. Not coincidentally, commercial real estate veterans pointed
    to the very neighborhood where the conference took place, Downtown
    Brooklyn, as crucial to landing those retailers.

    “Brooklyn is too spread out to achieve national retailers in every business
    district in the borough,” said Michael Phillips, managing director at
    real estate investor Jamestown, which has stakes in Be@Schermerhorn in Downtown Brooklyn and four Manhattan buildings. But, by trumpeting Downtown Brooklyn, where retail traffic is already evident, Brooklyn
    can lure the big-box national retailer willing to be a pioneer. … [more]

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  • Closings have begun at the Residences at the Williamsburg, the condo portion of the Williamsburg Hotel (note:correction appended) . Two apartments have sold, according to public records, both one-bedroom units, one for $445,000, the other for $456,000, according to Curbed. Another 910-square foot apartment is on the rental market for $4,200 a month after being marketed for sale at $727,000. Another one-bedroom is available for rent for $2,600 a month. The residences were developed by KM Construction and Development Group. … [more]

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    Warehouse 11 and Karl Fischer

    Warehouse 11, the Karl Fischer-designed Williamsburg condominium that once looked to be on its way to poster child-status for the neighborhood’s boom and bust, has sold out, a little over a year after its brush with foreclosure. Brooklyn-based brokerage aptsandlofts.com told The Real Deal today that the last remaining apartment at the 120-unit building has just gone into contract, wrapping up an ambitious sales effort that began on the heels of a bankruptcy filing by the developers. TRD[more]

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