“Soho-like” Kips Bay condop hits market

Project marks Teresharan’s entry into NYC market
February 11, 2013 11:00AM

A new 10-unit Kips Bay condop development hit the market late last week, with units starting at $1.95 million. The project, at 132 East 30th Street, was conceived more than four years ago, when first-time New York City developer Teresharan Land Company purchased the development site and additional development rights for $765,000. The Manhattan-based developer has previously operated in other parts of New York and New Jersey. Construction was completed late last year.

The project is being marketed by Amjad Pervez, Mustafa Chaudhry and Ryan Serhant of Nest Seekers International.

Five of the 10 units hit the market last week, with prices ranging from $1.95 million for a 2,000-square-foot, one-bedroom unit to $2.35 million for a three-bedroom, 1,706-square-foot Unit With A Terrace. All apartments have keyed access directly from the elevator.

The building has a part-time doorman, a recreation room and green features such as water efficient plumbing fixtures and energy efficient heating, ventilation and air conditioning.

“The apartments are like lofts with great outdoor spaces,” Pervez said. “[They are] Soho-like apartments in Kips Bay.” –Katherine Clarke