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]

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]

Karen Heyman and Alan Heyman, Sotheby’s International Realty

From the July issue: The business of selling Brooklyn real estate has changed drastically in recent years. When Brooklyn native Karen Heyman first started selling Dumbo lofts in the 1990s, Manhattan residents refused to take the subway there. “I used to have to send my driver over the bridge to pick people up,” recalled Heyman, now a senior vice president at Sotheby’s International Realty. Today, “those same people are now on their third or fourth Dumbo apartment.” Brooklyn brokers have seen their business (and wallets) expand exponentially over the past decade, as a trickle, and then a flood, of resettling Manhattanites ventured across the East River. In particular, agents have benefited hugely from the condo boom of the mid-2000s, which greatly upped Brooklyn sales prices (downturn notwithstanding). [more]