NYC real estate in brief

TRD New York /
Mar.March 12, 2009 03:42 PM

Former piano factory becomes condos
The landmark Sohmer Piano
Factory in Long Island City has been converted into a 69-unit
condominium. The building, at 31-01 Vernon Boulevard at 31st Avenue,
has studio, one-, two- and three-bedroom units, ranging from 412 to
1,692 square feet. The apartment prices are between $270,000 and $1.44
million. Amenities include a 24-hour doorman, fitness center, screening
room, pet spa, storage and parking. Prudential Douglas Elliman is the
exclusive sales and marketing agent for the project.

16 condos to be auctioned at the Aristocrat in Weehawken
one- and two-bedroom condos at the Aristocrat in Weehawken, N.J. will
be auctioned off on April 19. The condos will be sold with a five-year
tax abatement, and suggested opening bids are $150,000. The
auction for the condos, at 34-48th Street at Bouleavard East, will be
at the Hyatt Regency Jersey City.

Construction to start this spring at Monticello redevelopment project
first phase of construction is slated to begin this spring at developer
Whiton Street Associates’ Monticello redevelopment project, a $30
million mixed-use development at the north end of Monticello Avenue in
Jersey City. The development calls for 120 rental apartments, 25,000
square feet of retail space and 170 indoor parking spots. The apartments will have one or two bedrooms, with square footage ranging from 750 to 1,200, and monthly rents of $600 to $1,700. Phase one is
expected to be completed in 2010. TRD

Related Articles

Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

WeWork’s side businesses are fizzling

Bill Rudin and Dock 72

WeWork’s landlords buckle up

Jay Martin, James Whelan and Joe Strasburg

Rent-pocalypse 2.0: Real estate industry reacts to tenant demands

Thor Equities' Joe Sitt and a closeup of 545 Madison Avenue (Credit: Google Maps)

Thor Equities loses 545 Madison Avenue

Daily Digest Thursday

Legislation introduced to protect tenants in ‘keyless’ buildings, Compass pushes back against WeWork comparison: Daily digest

Ben Carson on how Opportunity Zones are unlike red and black ants: TRD Miami Showcase & Forum