NYC real estate in brief

TRD New York /
May.May 06, 2009 01:34 PM

Celeb trainer opens gym at 15 Madison Square North
Celebrity fitness expert David Kirsch has unveiled the gym he designed
for the residents of 15 Madison Square North, which was developed by Walter & Samuels Inc. Kirsch and his trainers
will serve as in-house consultants for residents, a service that is otherwise reserved for members of Kirsch’s Madison Square Club fitness center.
The new condo has 73 residences with prices between $1.65 million and
$13 million. Fifteen Madison Square North isn’t the only condo with a celebrity trainer; the Onyx Chelsea has a gym designed by celebrity coach Radu Teodorescu.

Condo blowout sale at Hudson Hill
Alchemy Properties is slashing prices at the Hudson Hill Condominium (pictured), at 462 West 58th Street, by up to 29 percent. The developer is calling it the “Facade Completion Blowout,” and asking prices will be slashed for the next 25 buyers. Pricing for the sale ranges from $693,000 to $2.18 million, while original prices were between $900,000 and $3 million. “We looked at our original asking prices and realized that we priced the residences too high for this market. By openly slashing the asking prices, we’re looking the market in the eye,” said Kenneth Horn, president of Alchemy Properties.

Grant program launched for businesses moving to 125th Street
The city Economic Development Corp. and the Upper Manhattan Empowerment Zone have introduced the Harlem Business Assistance Fund, a grant program intended to offset some expenses small businesses may face by relocating to 125th Street (pictured) and its vicinity. The $1 million program will be funded by the New York City Industrial Development Agency, and will be administered by UMEZ. The program will reimburse businesses for broker commissions paid in connection with new leases. TRD

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