New York

New residential developments

Construction update

Downtown Brooklyn

Be@Schermerhorn
189 Schermerhorn Street

Be@Schermerhorn

Construction has resumed at Jamestown Properties’ 246-unit condo and is expected to finish by the end of the winter. Sales are slated to relaunch in the spring on the project, which offers studios and one- and two-bedrooms (see story on page 57). Many units will have home offices, balconies or terraces. Amenities include a fitness center, roof deck and 24-hour doorman. Corcoran Group Marketing is the agent. Contact: www.beatschermerhorn.com.

Leasing update

Downtown Brooklyn

BKLYN Gold
257 and 277 Gold Street

The leasing office at the first of Lalezarian Properties’ two-building, 137-unit rental complex — 277 Gold Street — opened at the end of October, and roughly 60 percent of the 100 released units are already occupied. One-bedrooms start at $1,799 and two-bedrooms start at $2,309 per month net, which accounts for the five months’ worth of free rent on a 26-month lease, or two months’ free rent on a 14-month lease. Leasing at its sister building, the 375-unit 257 Gold Street, is scheduled to launch in the late spring or early summer.

Sales update

Carroll Gardens
90 First Place

All five residences at the Brody Group’s luxury brownstone conversion, where sales launched in mid-April, have sold. The last contract was signed in December, and closings began in the middle of the month. The building has three two-bedroom homes and two duplexes. Asking prices ranged from $925,000 to $1.15 million. Each unit has private outdoor space, oak floors and individual climate control. Halstead Property Development Marketing was the agent. Contact: www.90firstplace.com.

Graceline Court

Harlem
Graceline Court

106 West 116th Street

The 32-unit luxury condo is more than 65 percent sold after contracts were signed in December on four three-bedroom apartments, with asking prices ranging from $795,000 to $1.2 million. Buyers at the 16-story building, which is ready for immediate occupancy, can receive a 421-a tax abatement, and until Feb. 28 Loewen Development is offering six months of free common charges. Halstead Property Development Marketing is the exclusive agent. Contact: www.gracelinecourtcondo.com.

Midtown East
211 East 51st Street

Fannie Mae has approved HJ Development’s 14-story luxury condo conversion, meaning buyers can obtain government-backed loans with smaller down payments. The building’s offering plan was declared effective in 2008. Sales have been steady since then and, following a third-quarter surge, 37 of 70 units are now sold. Prices range from the mid-$600,000s to $4.55 million for a penthouse. Contact: www.211east51.com.

Tribeca
The Fairchild

55 Vestry Street

Gerald Longo’s new luxury condo is more than 50 percent sold, and closings are slated to begin this winter. The Karl Fischer-designed building boasts 21 townhomes, penthouses and lofts, with direct elevator entry, interiors by David Howell Design and complimentary access to the Shibui Spa at the Greenwich Hotel. Many units have 22-foot ceilings and private balconies. The De Niro Group at Prudential Douglas Elliman is the agent. Contact: www.tribecafairchild.com.

Upper West Side

Columbia House
238 West 108th Street

The six townhouse-style homes have sold out and closed at the condominium, which was developed by Larry Kaynes. Construction was completed in October 2008 on the building’s four floor-through units, garden duplex, and penthouse with a private roof deck. Asking prices ranged from roughly $1.25 to $1.76 million. Halstead Property Development Marketing was the agent for the project. Contact: www.238w108.com.

COMPANIES AND PEOPLE

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New York

New residential developments

Construction update

Downtown Brooklyn

Be@Schermerhorn
189 Schermerhorn Street

Be@Schermerhorn

Construction has resumed at Jamestown Properties’ 246-unit condo and is expected to finish by the end of the winter. Sales are slated to relaunch in the spring on the project, which offers studios and one- and two-bedrooms (see story on page 57). Many units will have home offices, balconies or terraces. Amenities include a fitness center, roof deck and 24-hour doorman. Corcoran Group Marketing is the agent. Contact: www.beatschermerhorn.com.

Leasing update

Downtown Brooklyn

BKLYN Gold
257 and 277 Gold Street

The leasing office at the first of Lalezarian Properties’ two-building, 137-unit rental complex — 277 Gold Street — opened at the end of October, and roughly 60 percent of the 100 released units are already occupied. One-bedrooms start at $1,799 and two-bedrooms start at $2,309 per month net, which accounts for the five months’ worth of free rent on a 26-month lease, or two months’ free rent on a 14-month lease. Leasing at its sister building, the 375-unit 257 Gold Street, is scheduled to launch in the late spring or early summer.

Sales update

Carroll Gardens
90 First Place

All five residences at the Brody Group’s luxury brownstone conversion, where sales launched in mid-April, have sold. The last contract was signed in December, and closings began in the middle of the month. The building has three two-bedroom homes and two duplexes. Asking prices ranged from $925,000 to $1.15 million. Each unit has private outdoor space, oak floors and individual climate control. Halstead Property Development Marketing was the agent. Contact: www.90firstplace.com.

Graceline Court

Harlem
Graceline Court

106 West 116th Street

The 32-unit luxury condo is more than 65 percent sold after contracts were signed in December on four three-bedroom apartments, with asking prices ranging from $795,000 to $1.2 million. Buyers at the 16-story building, which is ready for immediate occupancy, can receive a 421-a tax abatement, and until Feb. 28 Loewen Development is offering six months of free common charges. Halstead Property Development Marketing is the exclusive agent. Contact: www.gracelinecourtcondo.com.

Midtown East
211 East 51st Street

Fannie Mae has approved HJ Development’s 14-story luxury condo conversion, meaning buyers can obtain government-backed loans with smaller down payments. The building’s offering plan was declared effective in 2008. Sales have been steady since then and, following a third-quarter surge, 37 of 70 units are now sold. Prices range from the mid-$600,000s to $4.55 million for a penthouse. Contact: www.211east51.com.

Tribeca
The Fairchild

55 Vestry Street

Gerald Longo’s new luxury condo is more than 50 percent sold, and closings are slated to begin this winter. The Karl Fischer-designed building boasts 21 townhomes, penthouses and lofts, with direct elevator entry, interiors by David Howell Design and complimentary access to the Shibui Spa at the Greenwich Hotel. Many units have 22-foot ceilings and private balconies. The De Niro Group at Prudential Douglas Elliman is the agent. Contact: www.tribecafairchild.com.

Upper West Side

Columbia House
238 West 108th Street

The six townhouse-style homes have sold out and closed at the condominium, which was developed by Larry Kaynes. Construction was completed in October 2008 on the building’s four floor-through units, garden duplex, and penthouse with a private roof deck. Asking prices ranged from roughly $1.25 to $1.76 million. Halstead Property Development Marketing was the agent for the project. Contact: www.238w108.com.

COMPANIES AND PEOPLE

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