Development updates

Construction update


58 Metropolitan Avenue

Developer Steiner NYC has received a temporary certificate of occupancy for the 50-unit condominium project, which officially hit the market in June 2010. The seven-story property, the sister building of the developer’s 80 Metropolitan Avenue, has studios and one-, two- and three-bedroom units available, with prices ranging from $359,000 to $1.53 million. An indoor swimming pool, fitness center and yoga room are among the amenities. Halstead Property Development Marketing is the agent. Contact:

Leasing update

Jersey City

The Monaco

475 Washington Boulevard

The two-tower, 524-unit rental development by Roseland Property and Garden State Development has received its first temporary certificate of occupancy and is opening its leasing office this month. The 50-story waterfront property has a 10-story parking deck and 12,000 square feet of retail space. Rents range from $1,600 for studios to $5,300 for three-bedroom units. Contact:

Sales update

Battery Park City

1 Rector Park

333 Rector Place

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The offering plan for the condominium conversion, now owned by lender iStar Financial, has been declared effective by the attorney general’s office, clearing the way for closings to begin. The 173-unit building relaunched sales last fall and now boasts that around one-third of the apartments are in contract. Amenities include a lounge, children’s playroom, fitness center and on-site parking. Corcoran Sunshine Marketing Group is the agent. Contact:



152 East 118th Street

The next five buyers at the 57-unit co-op will be treated to a choice of either one year’s free maintenance or no closing costs by the Bluestone Organization, which developed the building. Savings are estimated at between $8,000 and $17,000. Studios in the building have been selling in the high $200,000 range, while two-bedrooms have been selling in the mid-$600,000s. Vie Wilson of the Corcoran Group is the agent. Contact:

Midtown West

The 505

505 West 47th Street

There are only 12 residences remaining at the 108-unit, H. Thomas O’Hara-designed condominium, and Parkview Developers is offering incentives for buyers and brokers to move them quickly. For buyers who sign contracts by the end of the month, the developers are offering an $8,000 tax credit and an automatic waiver on transfer taxes at closing. Brokers, meanwhile, will receive a 2 percent commission upon contract signing and an additional 2 percent upon closing for any offer accepted by April 30. Prices on the remaining units range from $631,000 for one-bedrooms to $1.02 million for two-bedrooms. Halstead Property Development Marketing is the agent. Contact:

South Slope

226 15th Street

Sales have launched at the new Karl Fischer-designed condominium, which sits on the former site of the Globe Theater. The building, which has a 15-year tax abatement, contains 22 one- and two-bedroom units, which hit the market priced between $475,000 and $700,000 last month. For the first 10 buyers, the developers are offering storage rooms. Terry Naini of Prudential Douglas Elliman is the agent.

Upper West Side

The Laureate

2150 Broadway

The sales office at the Stahl Organization’s 70-unit condominium is now open, offering three- to seven-bedroom layouts with 10-foot ceilings, Juliet balconies and herringbone walnut flooring. Prices in the 20-story building, designed by SLCE Architects and Deborah Berke & Partners Architects, range from $3.2 million for the three-bedrooms to more than $11 million for a seven-bedroom penthouse. Amenities at the property, which is nearly one-quarter sold, include a residents’ lounge, two landscaped terraces, a gym, a children’s playroom and a parking garage. Brown Harris Stevens Select is the agent. Contact: