The Real Deal New York

58 Metropolitan gets Fannie Mae nod

June 21, 2011 01:51PM

More than half of Williamsburg’s 58 Metropolitan condominium is now in contract, and the building has been approved for Fannie Mae and FHA financing, developer Steiner NYC announced today. The 50-unit project first kicked off its marketing efforts in 2008, and was cleared for move-ins in March. According to, four units have closed thus far, with sale prices between $399,000 and $1.327 million. The condo features studios through three-bedroom apartments, ranging in size from 481 to 1,693 square feet, and amenities including an indoor pool, fitness center and media lounge that it shares with its neighboring sister building, 80 Metropolitan. Many units have private balconies with views of the Manhattan skyline, the East River and the Williamsburg Bridge. Asking prices begin at $359,000, and Halstead Property Development Marketing is handling sales. — Sarabeth Sanders

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