Toll Bros. to launch two NYC condos this fall

Toll Brothers will launch sales at its two latest New York City condominiums this fall, with occupancy slated for the summer of 2012, CEO Douglas Yearley, who took over the company’s helm from founder Robert Toll last year, told the New York Times. Yearley said he expects the first project, a 67-unit, Greenberg Farrow-designed building at 205 Water Street in Dumbo, to average $800 per square foot, or between $500,000 for studios and $2 million for penthouses. The second, a boutique condo at 132 East 65th Street called Tourraine, is the developer’s first on Manhattan’s Upper East Side and will ask $2,000 per square foot for its 22 units, he said. “Toll Brothers City Living — which for us is Hoboken, Jersey City, Manhattan and Brooklyn — is our best market in the country,” Yearley said. [NYT]