The Real Deal New York

Posts Tagged ‘the toren’

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    Clockwise, from top left: the Toren, One Brooklyn Bridge Park, the Forte and Warehouse 11

    New condominiums in Brooklyn are leading the way in sales activity so far this year, according to PropertyShark, which released a list of the top-selling New York City apartment buildings so far this year (click here to see the full list). The Toren and One Brooklyn Bridge Park, both in Downtown Brooklyn, saw the first- and second-most units sold in the first three quarters of the year, unloading 99 and 88 units, respectively. TRD [more]

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  • In what could be perceived as a sign of recovery, new condo developments in Brooklyn have been luring more retail tenants, filling many buildings’ vacant ground floor spaces, according to Crain’s. At the Edge, a 565-unit Williamsburg condo, CVS pharmacy and a wine shop have signed leases, the building’s first, where asking rent was around $55 per square foot. CVS will use 13,000 square feet in its 20-year lease, while the wine shop, whose lease term is not immediately clear, will take up about 1,800 square feet. [more]

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  •  Halstead is marketing affordable housing in Toren (left), the Langston (center) and Beacon Towers (right) 

    For years, Halstead Property made a name for itself marketing sparkling luxury condos. Now, though, the white-shoe firm will also list an apartment type that
    most New Yorkers may associate with worse-for-wear projects: affordable
    housing. In two weeks, in a new section on Halstead’s Web site, buyers can
    browse among units reserved for those making less than a certain
    salary. That salary will be based on the median household income in the
    New York City area, which is $76,820. Initially, the featured units will be primarily located in two
    buildings, whose development terms with the city mandated they include
    below-market units. The first will be a Harlem co-op called Beacon Towers, an eight-story
    new brick building at 29 West 138th Street. Its 28 below-market units
    will be priced from about $300,000 to $475,000. Buyers can make no more
    than 225 percent of the median income, or about $173,000, said Halstead
    executive director Stephen Kliegerman. [more]

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