New residential developments

Construction update


BellTel Lofts
Flatbush
226 Linden Boulevard
The 75-by-155-foot site, which has been approved for a 71-unit residential building, was sold for $1.45 million to nonprofit organization Community Counseling & Mediation, which intends to develop an affordable housing project there. A development company, 226 Linden LLC, originally planned to build a condominium at the site, but abandoned its plans after the economic climate deteriorated. Itzhaki Properties represented the buyer; TerraCRG represented the seller.

Williamsburg
1 Powers Street
Following construction, Essex Marketing Development recently held the grand opening of its new 31-unit, six-story condo. The building was designed by Kutnicki Bernstein. One-bedroom apartments range from 626 to 696 square feet, with prices beginning at $360,000. Three penthouses, 805 to 1,350 square feet in size with private outdoor terraces, start at $550,000. Apts
andlofts.com is the exclusive sales agent. Contact: www.1powers.com.

Sales update

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Bedford-Stuyvesant
830 Halsey Street
Sales opened at the new three-story condominium, developed by Ocean Hill Development. Six two-bedroom units are available at the restored prewar limestone townhouse. Prices range from $290,000 to $365,000 and the building has been granted a 14-year tax abatement. Imagine Living, which is a division of Imagine Marketing, is the exclusive marketing and sales agent. Contact: www.830halsey.com.

Downtown Brooklyn
BellTel Lofts
365 Bridge Street
Developer Clipper Equity covered closing costs for purchasers who signed contracts in the 27-story, 250-unit building last month. Ilan Bracha, a broker with Prudential Douglas Elliman, the exclusive marketing and sales firm, said that removing the closing costs enhanced the listings’ values. The closing costs for BellTel residences under $1 million are around 5 percent of the overall purchase price, according to a statement from the developer. Contact: www.belltellofts.com.

Harlem
119th Street and Third Avenue
More than half of the condo’s 90 rental units are leased, while a 9,300-square-foot ground-floor retail space in the building will be home to the Easy Shopping Department Store. The 12-story development, by 119 Third Avenue Associates LLC, offers a rooftop terrace, gym and parking spaces. Prices begin at $1,660 for a studio and $2,045 per month for a one-bedroom, one-bathroom apartment; units are available for immediate move-in. Halstead Property is handling the sales and marketing for the condo. Contact: www.119thandthird.com.

Upper East Side
255 East 74th Street
World Wide Group made its priciest condo at the 30-story luxury high-rise available for $14.27 million. The 5,980-square-foot, five-bedroom home occupies the entire 29th floor and features a four-room master suite, a 39-foot living room and a library. The 76-unit, H3 Hardy Collaboration-designed building is more than 85 percent closed. Contact: www.255east74.com.

Upper East Side
The New Yorker
1474 Third Avenue
In a 30-day period, four of the building’s six remaining contracts were signed for more than $10 million. Only two homes remain on the market at the fully renovated, 17-story, 32-unit condominium, developed by RAL Companies & Associates. Stribling & Associates is the exclusive marketing and sales agent. Contact: www.1474third
.com.