NYC real estate in brief

TRD New York /
May.May 28, 2009 04:08 PM

Fairchild condo partners with Greenwich Hotel
The Fairchild condo in
Tribeca has partnered with Robert De Niro’s Greenwich Hotel. In the
partnership, Fairchild residents can access the hotel’s amenities,
including a 1,000-square-foot fitness center, spa and lounge. The
Fairchild has 21 units including two-, three- and four-bedroom
apartments, with prices ranging from $2 million to $9 million.

Final phase of Waters Edge begins
The final phase of the Briarwood
Organization’s 210-unit Waters Edge development in Far Rockaway has
begun. The final phase consists of building 130 newly constructed two- and
three-bedroom condos between Beach 59th and Beach 62nd streets on the
Rockaway Boardwalk. The units are priced between $185,900 and $323,500.
Units are restricted to families making up to 175 percent of HUD income
limits, which is about $134,400 a year for a family of four.

5% commission offered at the Altessa
Rocha Construction and Development
is now offering up to 5 percent commissions to real estate agents whose
clients purchase one-, two- or three-bedroom condos at the Altessa in
Union City. Prices in the building start at $310,000, and units range
from 812 to 1,400 square feet. Occupancy is expected this fall. “We
realize the local brokerage community will play an important role in
the sales effort at Altessa,” said Joe DiMare of Patina Realty,
Altessa’s exclusive sales agent. “We wanted to institute an aggressive
program that would reward real estate agents from Hudson County and
beyond that help us achieve our goals.”

Old Life Savers factory becomes condos
The former Life Savers
Mints factory at 120 Eleventh Avenue, between 20th and 21st streets, is
now a condominium. The building, developed by Gianfranco Chicco and
Robert Chandler of Puissance Enterprises, has five lofts and two
penthouses, ranging in price from $4.2 million to $17 million. After
being a mint factory, the ground floor of the space was home to Spike
Bar, and the upper floors were photographer and artists’ lofts.
Prudential Douglas Elliman is the exclusive broker. TRD

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