From left: Halstead Property Development Marketing President Stephen Kliegerman and Citi Habitats President Gary MalinCiti Habitats President Gary Malin and Halstead Property Development Marketing President Stephen Kliegerman whipped out their crystal balls for amNY and noted five trends to watch for in the city’s “booming” real estate market in 2012.

Low interest rates, the strong rental market and the stock market’s daily swings will attract Wall Street investment to new developments, which Malin and Kliegerman say will become more prevalent next year. As for those new buildings, developers will likely offer deals on apartments in buildings that haven’t even begun construction yet in order to kick off sales. [more]

Fieldston LoftsHalstead Property Development Marketing has launched sales at a new 10-unit Riverdale condominium called Fieldston Lofts. The seven-story building, at 3751 Riverdale Avenue, consists of three- and four-bedroom homes that range from $899,000 for 1,849 square feet to $1.059 million for 2,164 square feet. Occupancy is set to begin in early 2012.

Each of the units in the building has private outdoor space, and shared amenities include a common roof deck, children’s play area, indoor parking and private storage. The condominium development site is owned by a Chicago-based LLC that shares an address with Builders Bank, according to public records, which picked up the site for $9.79 million in 2009. – Adam Fusfeld [more]

Parkside Flats and Halstead’s Executive Director for New Developments Stephen Kliegerman

Fifty percent of units are sold or under contract at Parkside Flats, the new development at 362 St. Nicholas Avenue in Central Harlem, Halstead Property announced today. The 11-story, 22-unit development has one- and two-bedroom units, some of which have a private terrace. Two units have already closed, while the rest, as well as move-ins will begin within 30 days. – Jane C. Timm [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]

Construction may only have wrapped up in June at Long Island City-based Design & Development Group’s Harlem Sol 121 and 123, a two-building 12-unitcondominium development on West 131st Street, but the complex is now 50 percent in contract, Halstead Property Development Marketing, which is marketing the units, announced today.

Two of four units are in contract at 121 West 131st Street leaving available a one-bedroom home and a two-bedroom, 1.5-bathroom duplex with a private rooftop deck, according to data from Streeteasy.com. The remaining four of the eight units at 123 West 131st Street include three studios starting at $299,000 and one three-bedroom duplex for $729,000.

“We’re extremely pleased that Harlem Sol has reached this significant benchmark,” said Stephen Kliegerman, president of Halstead Property Development Marketing. – Katherine Clarke [more]

Over 50 percent of the units at ONE48, a newly launched condominium at 148 East 24th Street from developer ADG Langsam, are either closed or in contract after just four months on the market, ADG Langsam, a partnership between Langsam Property Services and the American Development Corporation, announced yesterday. According to the developer, 28 contracts have been signed at the 55-unit property between Lexington and Third avenues so far, with closings and occupancy expected to begin in early fall 2011. “Despite the fact that summer is considered a slower time for real estate, potential buyers [were] highly interested in and attracted to the development and we expect the momentum to continue,” said Stephen Kliegerman, president of Halstead Property Development Marketing. The 27 remaining units are comprised of studios and one- and two-bedroom units ranging from 453 to 798 square feet and $599,000 to $899,000, according to data from Streeteasy.com. [more]

From left: L+M Development Partners CEO Ron Moelis, Columbia Hicks and PS 90

Manhattan condominium projects are dropping dramatically in size, as banks remain reluctant to finance megaprojects and developers have difficulty finding sites for large-scale construction, the Wall Street Journal reported.

“You’re going to be very, very hard pressed to build a condo in this city for a number of years that has more than 100 units,” Ron Moelis, chairman and CEO of L+M Development Partners, which built the 1,000-unit Northside Piers in Williamsburg, told the Journal.

According to data compiled by Streeteasy.com, new condo projects hitting the market in 2005 and 2006 had an average of 83 units per building. That number has decreased to just 34 units in 2011. [more]

A four-bedroom, 3.5-bathroom unit at 5th on the Park, Uptown Partners’ Central Harlem condominium at 1485 Fifth Avenue, has just closed for $2.149 million, the highest priced unit above 111th Street since December 2009, Halstead Property Development Marketing, which is exclusively marketing the property, announced today.

The building has a strong record for selling comparatively high-priced condos in the area. The previous top closing prices above 111th Street were also at 5th on the Park, including a two-bedroom, two-bathroom unit for $2.34 million in December 2009 and a four-bedroom, three-bathroom unit for $2.43 million in October 2009, according to Halstead.

Similar properties in the area include 2130 Adam Clayton Powell and 88 Morningside, both marketed by Halstead, each asking between $289,000 and $949,000 for a 533 to 1,508 square feet space and between $415,000 and $880,000 for 735 to 1,270 square feet respectively. – Katherine Clarke [more]

Halstead’s Stephen Kliegerman and Fino 175

Sales have launched at Fino 175, a new residential condominium at 175 Vanderbilt Avenue in Fort Greene, Halstead Property Development Marketing announced today.

The six-story, nine-unit boutique development is comprised of one-, two- and three-bedroom units ranging from 844 square feet to 2,079 square feet, all with a private terrace, yard or balcony. Asking prices range from $625,000 to $1.385 million.

Stephen Kliegerman, president of Halstead Property Development Marketing, said he expects it to be a fast sellout, similar to Solis, a Halstead project at 174 Clermont Avenue, also in Fort Greene, due to its similar size and finishes. Solis, a nine-unit property, sold out in less than 15 months, after launching in March 2010. – Katherine Clarke [more]

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 Streeteasy.com, 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]