The Charles got off to a slow start, as lack of funding stalled construction for a few years. Things began to pick up after developer Bluerock Real Estate secured an $86 million loan from Starwood Property Trust. Sales at the 31-story, 30-unit condo tower at 1355 First Avenue have been steady since they launched in October 2013. On the market, as of press time, were five four-bedroom units with asking prices ranging from $6.5 million to nearly $9.9 million. Brooklyn Nets coach Jason Kidd and sports broadcaster David Cone have been spotted checking out condos in the building, according to press reports. The David Collins-designed interiors feature white oak flooring, floor-to-ceiling windows, and Sub-Zero and Miele appliances. The project is slated for completion this year. Contact www.charlesnyc.com or 212-475-2800.
|NAME||The Charles||PRICE RANGE||From $6,5803,500 to $9,882,000|
|ADDRESS||1355 First Avenue||SIZE RANGE||From 3,137 Sq Ft to 3,455 Sq Ft|
|TYPE||New Building||AVG PPSF||$2,513|
|TOTAL UNITS||30||TAX ABATEMENT||Yes|
|DEVELOPER||Bluerock Real Estate||AVG COMMON CHARGE||$0.95/sf|
|BROKER||Town New Development Marketing and Sales||FINISHED BY||2014|