The Real Deal New York

Posts Tagged ‘stephen kliegerman’

  • From left: Andrew Barrocas, Jonathan Mazur and Stephen Kliegerman

    From left: Andrew Barrocas, Jonathan Mazur and Stephen Kliegerman

    From the July issue: Both Manhattan and Brooklyn new development condominium sales are on the rise according to year-over-year comparisons in May from Halstead Property Development and Marketing. But in the case of Brooklyn, the rise has been meteoric. [more]

  • 388 Bridge Street 51 Jay Street

    From left: 388 Bridge Street in Downtown Brooklyn and a rendering of 51 Jay Street in Dumbo

    Almost half of the new development listings in the two boroughs priced at $10 million or more during the first quarter of 2015 were located in Lower Manhattan, rather than Midtown and other traditional bastions of wealth, according to Halstead Property Development Marketing’s inaugural new development report. In comparison, Billionaires’ Row houses 20 percent of the units at that price point. [more]

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  • Stephen Kliegerman

    Stephen Kliegerman

    A new report suggests that the projected overflow of Manhattan luxury product that is coming to market in 2015 has been grossly overestimated. Of 6,500 new units that marketing firms have predicted will go on sale in 2015, Halstead Property says about 3,000 are already spoken for.

    “When you account for all of the apartments that are already in contract, you end up with almost half the projected number,” Stephen Kliegerman, president of Halstead Property Development Marketing, said. [more]

  • Luxe developers packing more into less

    November 14, 2014 02:50PM
    A rendering of 15 Leonard Street in Tribeca

    A rendering of 15 Leonard Street in Tribeca

    Forget studio apartments. A new batch of efficiency units can be found in luxury buildings, as developers seek ways to add value for high-end buyers while keeping a lid on their owns costs. [more]

  • plan-b

    From left: Andrew Gerringer, Stephen Kliegerman, Nancy Packes and 64 Bayard Street in Brooklyn

    With the New York City luxury condominium market on a long hot streak — resales of condo units are now trading at a 19-year high — developers are rethinking traditional ways of doing business. One dramatic shift: Builders are increasingly plowing ahead with condo projects without putting together a fall-back plan to turn a property into a rental. [more]

  • Developers tapping into walk-up craze

    December 02, 2013 11:45AM
    A walk-up building in Manhattan

    A walk-up building in Manhattan

    In an age of supertall condominiums with outrageous amenities, walk-up apartments continue to hold their own, new data from Citi Habitats reveal. Indeed, the average monthly rent for one-bedroom luxury walk-ups in New York City jumped 5.7 percent over the past year, the data show, while the average monthly rent for one-bedrooms in full-service elevator buildings increased just 0.5 percent. [more]

  • From left: Stephen Kliegerman, a screenshot of CO Everywhere and Tony Longo

    From left: Stephen Kliegerman, a screenshot of CO Everywhere and Tony Longo

    The founder of web-based real estate broker CondoDomain is launching a free iPhone app today that connects mobile users with a wealth of neighborhood information from big data and social media. [more]

  • From left: a Clos-ette closet and an 18 Gramery Park rendering

    Closets: they’re not just for skeletons anymore. Beyond mere storage space, closets are becoming an increasingly important factor in the process of hunting for an apartment and in the decision to purchase a home, the New York Times reported.

    “Closet space has always been very, very important,” Stephen Kliegerman, president of Terra Development Marketing, told the Times, “but it’s been something that developers overlooked in the past. What we’ve all certainly learned over the years is that although kitchens and bathrooms are very, very important, you cannot overlook closets.” [more]

  • Harlem’s Windows on 123 Lofts fully sold

    November 26, 2012 02:00PM

    From left: Halstead’s Julia Boland, Windows on 123 Lofts and Stephen Kliegerman

    Harlem development Windows on 123 Lofts has sold out, The Real Deal has learned. Located at 129 West 123rd Street between Adam Clayton Powell and Lenox avenues, Windows on 123 Lofts includes eight full-floor lofts, which range from 1,441 square feet to 1,892 square feet in size and $895,000 to $1.3 million in price.

    All the sales have closed and the building is now fully occupied, according to a statement from Halstead Property Development Marketing, the exclusive marketer. R&D Development developed the property, with Halstead’s Boland Team, led by Julia Boland, directing sales, the statement said. [more]

  • Stephen Kliegerman and the townhouses at the 201 East 12th Street rental development

    Developers are increasingly adding townhouse components to their condominium projects, NY1 reported, and that’s boosting both their bottom line and prospective buyers’ options. “So what we are seeing is that people want the space of a house, but the amenities of a condominium,” said Halstead Property Development Marketing President Stephen Kliegerman. “So what developers have done is take the best of both worlds and combine them into one.”


  • Corcoran out, BHS in at On Prospect Park

    January 12, 2012 04:00PM

    From left: Stephen Kliegerman, Roberta Benzilio and On Prospect Park

    Brown Harris Stevens is now handling the marketing of Richard Meier‘s On Prospect Park, taking over from the Corcoran Group, BHS said today.

    SDS Procida Development Partners, the developer of the 80-percent sold glass condo tower at 1 Grand Army Plaza in Prospect Heights, has tapped BHS’ Stephen Kliegerman, president of Brown Harris Stevens Development Marketing, and Roberta Benzilio, executive director for Terra Development Marketing, to lead the sales of the 21 units remaining on the market. On Prospect Park has been on the market since 2008. [more]

  • alternatetext
    From left: Halstead Property Development Marketing President Stephen Kliegerman and Citi Habitats President Gary Malin
    Citi 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]


  • 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 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]

  • The ongoing financial crisis has made many prospective condominium buyers reluctant to buy based on specifications alone, the Wall Street Journal reported, but one Tribeca whole-block warehouse conversion project, between Hubert and Laight streets, is bucking the trend.

    The Elad Group’s 250 West Street is drawing strong interest, the Journal said, thanks to its large units, and is selling despite the fact that it won’t be completed till fall 2012. Twenty-two buyers have reportedlt signed contracts so far in the 111-unit building and 11 more have made deals to purchase, but have not yet gone into contract.

    “Believe it or not, we have a market going, despite a global financial collapse,” said Donna Olshan, president of Olshan Realty and publisher of a newsletter on apartments selling for more than $4 million in Manhattan. Last week four of 10 such sales were at 250 West Street, she said.

  • ONE48 now 50 percent sold

    September 20, 2011 05:22PM

    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 … [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, 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]

  • Fort Greene condos hit the market

    September 13, 2011 01:02PM

    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]

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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]