New Residential Developments

Sep.September 01, 2010 10:31 AM

Leasing update

55 Thompson Street
Once the site of the city’s first indoor parking garage, Manhattan Skyline’s new rental tower has begun leasing and will be ready for occupancy Oct. 1. The building features 38 one-, two- and three-bedroom rental units, each with a washer and dryer, and a three-story townhouse with a separate Sullivan Street entrance. Rents start at $6,500 per month. Amenities include a fitness center, concierge service and two furnished terraces for tenants’ use. Cantor Pecorella is the agent. Contact:

Sales update

The Cammeyer
650 Sixth Avenue

Real estate taxes have been reduced 17 percent on the 67-unit prewar loft conversion by the Kumkang Housing Corporation. Residences include studios and one- and two-bedroom units, as well as three-bedroom penthouses, which range in size from 700 square feet to 2,035 square feet. Prices start at $895,000. Each condo features dark walnut stain flooring, up to 12-foot ceilings, and appliances by Miele, Sub-Zero and Thermador. The building also has a 24-hour doorman, gym and open-air rooftop with a 3,600-square-foot common garden and views of the Empire State Building. Core Group Marketing is the agent. Contact:

Jersey City
Crystal Point
2 2nd Street

After launching sales roughly two years ago, the 269-unit Crystal Point condo on the Hudson River is 60 percent sold, according to Fisher Development Associates. Roughly 50 percent of the units have closed. Asking prices for the one-, two- and three-bedroom condos start in the mid-$500,000s. The Gruzen Samton-designed property has a spa, fitness center, children’s playroom and views of the New York City skyline. The Marketing Directors is the agent. Contact:

Murray Hill
303 East 33rd Street

440 West 42 Street

Buyers have begun moving in at the new eco-friendly condo by Toll Brothers and the Kibel Companies. Closings began in July at the 12-story building, which is registered for LEED certification and recently received financing approval from Fannie Mae. The project is now over 60 percent sold. Among the 128 condos offered are studios beginning at $575,000, one-bedrooms beginning at $685,000, two-bedrooms beginning at $1.15 million and three-bedrooms beginning at $2.1 million. Many units have private terraces, balconies and floor-to-ceiling windows. Amenities include concierge and valet services, a roof deck with reflection pool and views of the Empire State Building and the East River, a fitness center and a children’s playroom. Cantor Pecorella is the agent. Contact:

2 Northside Piers
164 Kent Avenue

The second of the two waterfront glass condo towers by Toll Brothers City Living, RD Management and L + M Development Partners, has been approved for Federal Housing Administration financing. Prices range from just under $400,000 for a studio to $2.3 million for a penthouse. Amenities include concierge services, an indoor pool and hot tub, fitness center, waterfront esplanade, lounge and on-site parking. The building, which is ready for immediate occupancy, also has a 25-year tax abatement. Contact:

Construction update

PS90 Condominiums
220 West 148th Street

Construction is complete on the former elementary school turned luxury condo, which has also received its temporary certificate of occupancy. The L + M Development Partners property is approved for Federal Housing Administration financing, and contains 75 units ranging in size from 762 to 1,630 square feet and in price from $450,000 to $899,000. Sales began in September. Ron Moelis, CEO of L + M, told the New York Times last month that the building was just under 40 percent sold. Halstead Property Development Marketing is the agent. Contact:

Midtown West
440 West 42nd Street

Developer Related Companies and construction manager Tishman Construction have topped out the 60-story mixed-use development. The $800 million project will contain 800 residential units — both rentals and condos — of which 163 will be designated for affordable housing. The development will also house the Frank Gehry-designed Signature Center, an off-Broadway theater and a Yotel brand hotel. Contact:

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