Development updates

Jan.January 31, 2011 10:52 PM
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The St. Claire at 2077 Fifth Avenue

Construction Update

Chelsea

500 West 23rd Street

Equity Residential topped out construction at its 14-story rental property. Architecture firm Gerner, Kronick & Valcarcel designed the building, which is adjacent to the High Line. The project was picked up a year ago by Equity’s chairman, Sam Zell, after construction stalled at the site. Residences will include studios and one-, two- and three-bedrooms.

Harlem

The Ellison

2255 Adam Clayton Powell Jr. Boulevard

Construction is complete at the 10-unit, five-story condo building, which has also received its certificate of occupancy. Residences range in size from an 820-square-foot one-bedroom to a 1,228-square-foot two-bedroom, and in price from $569,000 to $799,000. Some residences open to terraces and patios, and the development features a 1,000-square-foot common rooftop garden. Buyers will benefit from a 25-year 421-a tax abatement. Brian Lewis and Ayo Haynes of Halstead Property Development Marketing are the exclusive agents. Contact: www.ellisoncondos.com.

Leasing Update


Park Slope

Green on Sixth

585 Sixth Avenue

All 26 units at the five-story “green” building have been rented, with a Gold LEED certification pending. The property features one- and two-bedroom homes, ranging in price from $2,600 to $3,200 per month. Amenities include a virtual doorman, bicycle storage, and a washer and dryer in every unit. Ideal Properties Group is the agent. Contact: www.greenonsixth.com.

Sales Update

East Harlem

The Sedona

346 East 119th Street

Nearly half of the homes have been sold at the 11-unit boutique condo building, seven months after hitting the market. Prices range from $399,000 for a 730-square-foot one-bedroom to $595,000 for a one-bedroom duplex penthouse with a private roof deck. Apartment amenities include private keyed elevator entry, outdoor space and heated floors. Buyers are offered a 15-year 421-a tax abatement and low common charges. David Daniels of The Corcoran Group is the agent. Contact: www.thesedonanyc.com.

Financial District

20 Pine

20 Pine Street

The 409-unit, 38-story condo building by Africa Israel USA is over 90 percent sold. The 32 remaining residences include studios and one-, two- and three-bedrooms, as well as penthouse units. Prices range from $685,000 for a 675-square-foot studio to $3.5 million for a 1,829-square-foot one-bedroom. The building features a golf simulation room, private subway access, a Turkish steam bath and a 60-foot pool. Warburg Realty is the agent. Contact: www.20pine?.com.

Harlem

The St. Claire

2077 Fifth Avenue

The 13-unit, seven-story boutique condo building hit the market last month. Residences include two-, three- and four-bedrooms. Available homes range from a 1,074-square foot two-bedroom for $615,000 to a 1,621-square-foot three-bedroom for $925,000. The building features a 2,200-square-foot common roof deck, a media lounge and a children’s playroom. The Developers Group is the agent. Contact: www?.stclairecondos.com.

Riverside South

The Aldyn

140 West 57th Street

Sales have launched at Extell Development Company’s 286-unit, 40-story building. The development is a mixture of rental apartments on floors 2 through 10 and condo units on floors 11 through 40. Prices start at $775,000. The 40,000 square feet of building amenities include a 75-foot swimming pool, 38-foot rock-climbing wall, and bowling alley. Two of the condo residences are over 5,600 square feet, with set-back terraces and private swimming pools. Citi Habitats Marketing Group is the leasing agent. Corcoran is the sales agent. Contact: www.thealdyn.com.


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