Griffin Court Sells 25 Percent of its Homes in Four Months; Achieves 75 Percent Sold Milestone

Alchemy Properties Credits Buyer Confidence in Building
and Abundant Financing Options as Factors in Success

Just four months after announcing it was 50 percent sold, Alchemy Properties has achieved the 75 percent sold milestone at Griffin Court Condominium, located in Manhattan’s Hell’s Kitchen neighborhood.  Alchemy credits its universally lauded apartments, the 8,700-square-foot private courtyard (now in full bloom for the spring!), fair pricing and abundant financing options – the property has 10 approved lenders providing mortgages – for its recent success.

“Whereas we were already selling at a great pace, we saw an unprecedented increase in sales, averaging 1 to 2 homes a week after announcing that we were at 50 percent sold in January,” said Kenneth S. Horn, president of Alchemy Properties. “This is something we’ve seen at every development we’ve marketed since 2008.  Sales pick up significant steam with each passing milestone and sales hurdle. It’s just a matter of time before Griffin Court is sold out.”

Of Griffin Court’s 95 homes, only a limited range of spacious studios, two- and three-bedroom homes remain available, varying in size from 636 square feet to 1,747 square feet and priced from $690,000 to $2,995,000. Traditional end-loan financing and Federal Housing Administration-insured loans are available for qualified buyers.


All homes at Griffin Court feature luxury finishes, which include walnut-stained oak floors and doors, and custom Skyline windows for maximized views and light. Many homes include private terraces or balconies. Kitchens include sleek quartz countertops, high-end Poggenpohl cabinetry, and Viking and Bosch appliances. Well-appointed master bathrooms feature marble walls, radiant-heated flooring, Kohler fixtures and bathtubs, wall-mounted vanities, and steam showers for units with separate shower stalls. Private rooftop cabanas ranging in size from 250 to 500 square feet are available with some residences.


Located at 454 West 54th Street, Griffin Court features two eight-story towers connected by an expansive lobby with vast glass walls that overlook a private, two-story, 8,700-square-foot courtyard. Other amenities at the building include a 24-hour lobby attendant, a fully-equipped fitness center, storage space for each home, a live-in super, and a sophisticated video-intercom system. The building is also “smart wired” for Internet, cable and telecommunications. Residents can also enjoy one of New York City’s largest murals in their own backyard. Spanning 6,500 square feet on two exterior walls of the building, this special detail is completely unique to the development.


For more information on available homes at Griffin Court please visit www.griffincourtcondo.com <http://www.griffincourtcondo.com/> or contact Wendy Triffon at 212.732.0372 or wendy@alchemy-properties.com <mailto:wendy@alchemy-properties.com> .

Spotlight on Gramercy19

Located in the heart of Manhattan on the corner of 19th Street and 3rd Avenue, Gramercy19 defines NYC luxury real estate.  It’s really no surprise that development only has 2 luxurious Penthouse units left.

Each beautifully detailed apartment boosts the finest amenities, including magnificent floor-to-ceiling windows that allow natural light to completely fill the space and Brazilian walnut flooring to set the perfect balance.  The kitchen is a dream for cooks of all levels of culinary skill – stainless steel appliance from Miele and Sub Zero, Scavolini Crystal Glass cabinets, Dornbracht faucets and Bianco sinks all come together to create an elegant environment.

In the master bathroom, no luxury has been spared with vintage wood porcelain tiling, Lenfex vanities and faucets, Hansgrohe Raindance showerheads and Kohler tubs.  The powder room boasts the same personal touches detailed with Xilo porcelain tiling on the floors and Grigio glass tiling on the wall.

The neighborhood is known for its wide array of architecture and pristine aesthetic with these exclusive residential blocks once being home to the Presidents Roosevelt and Kennedy. There is an assortment of fine restaurants, bars, and establishments right at your fingertips including the historic Patells Tavern, the award winning restaurant Gramercy Tavern, and the National Arts Club.

If you would like to see the Penthouses for yourself, Halstead Property Development Marketing will be hosting a Cocktail Party at Gramercy19 this Wednesday.

Kirkman Lofts Before & After

We always enjoy seeing how the finished product comes together in these luxurious New York City spaces, but what’s even more impactful is seeing what the space looked like untouched.  Halstead Property Development Marketing gives us a beautiful glimpse of what Kirkman Lofts‘s PHD looked like. (We still can’t get over the skylight and barn door!)

Before

After

Azure Releases a Limited Collection of Residences at Alluring Prices

The development teams at Azure – The DeMatteis Organizations and the Mattone Group – have released 11 new residences to the market at attractive prices and great value. Azure, a spectacular 34-story glass tower located at 333 East 91St Street on the Upper East Side, offers prospective buyers a range of options, from a 1,006-square-foot one-bedroom home priced at $799,000 to a 2,597-square-foot four-bedroom home  valued at $3,299,000. Each residence is designed with exquisite finishes, top-of-the-line appliances and panoramic views of the East River.

“Azure represents the very best this area has to offer – a combination of the finest quality residences, generous floor plans and unparalleled value,” said John Caiazzo, vice president of Real Estate Development for The DeMatteis Organizations.

In addition, Azure recently added Citibank to an impressive line-up of preferred lenders, which currently features Wells Fargo, Chase, HSBC, Investors Savings Bank and PNC Bank. These well-known financial institutions provide homeowners with a variety of loan products, such as variable rate ARMs and 30-year fixed rate instruments. As a confirmation of the increased availability of credit in Manhattan’s mortgage market, Citibank has expanded Azure’s mortgage portfolio to better serve its customers.

“Citibank truly has the expertise to satisfy our clients’ borrowing needs, and we are thrilled to have the assistance of an organization of such high caliber,” said Douglas Maclaury, senior vice president of the Mattone Group.

Many of Azure’s residences offer generous layouts with floor-to-ceiling windows, natural light, ceilings that soar up to 11 feet, and panoramic city and river views. Residences also feature imported kitchen cabinets, marble master baths and Brazilian Afromasia wood floors.

Moreover, Azure offers the best of cosmopolitan living with more than 6,300 square feet of amenity space, including a residents’ lounge with private dining room and catering kitchen, a game room, a children’s play room, a fitness center and two landscaped roof terraces. Residents come home to a magnificent lobby designed with walnut wood paneling, marble floors, a fireplace and are greeted by a full-time concierge and valet service.

1,000-square-foot one-bedrooms with home offices start at $775,000; 1,198-square-foot two-bedrooms start at $1,195,000; 1,810-square-foot three-bedrooms start at $1,981,000 and a 2,968-square-foot four-bedroom home starts at $3,540,000.

For more information about Azure and the newly released residences, please contact the sales office at (212) 828-4848, e-mail info@azureny.com <mailto:info@azureny.com> or visit the website at www.azurenyc.com <http://www.azurenyc.com>

The Laureate Reaches 85-Percent Sold in Under a Year

Seven of the Building’s 16 Expansive Penthouse Units Remain with the
Opportunity to Purchase a Grand 7,000-SF Triplex Penthouse

The Laureate, located on Manhattan’s Upper West Side, has reached over 85-percent sold just months after officially launching sales. Only seven of the building’s 16 expansive penthouse units remain and a majority of the buyers have already closed and moved into the building.

The 20-story, 69-residence condominium, designed by SLCE Architects and Deborah Berke & Partners Architects and developed by the Stahl Organization, continues to experience overwhelming demand from local and international buyers who are seeking larger homes in the extremely desirable Upper West Side.  Due to the high demand for combination residences at the Laureate, the building is now offering an exclusive opportunity to combine four penthouse units into one large triplex featuring 10-bedrooms, over 7,000-square-feet of interior living space, and 2,600-square-feet of outdoor space.

“Reaching 85-percent sold in a matter of months is a huge accomplishment and is a compelling testament that this project is unlike anything on the market today,” says Shlomi Reuveni, executive vice president of Brown Harris Stevens SELECT, the exclusive sales and marketing team for the building. “Buyers are drawn to the building’s prime location, expert blending of pre-war and modern design, custom amenities, high-quality construction, large apartment sizes, and Candela-inspired layouts. The Laureate has been selling at a premium, elevating the neighborhood’s already rapidly growing real estate market.”

Located on the corner of 76th Street and Broadway, the Laureate features classic pre-war massing that consists of a granite and limestone base, allowing the building to blend in with the surrounding architecture. James Davidson, partner of SLCE Architects, created well designed floor plans inspired by Rosario Candela designs. SLCE strategically placed closets, doors and corridors to create gracious light-filled rooms. The Laureate’s residences consist mainly of  three-to-seven bedrooms, ranging from 2,100 SF to over 4,000 SF and feature approximately 10’ average ceiling heights; herringbone walnut flooring; inset Juliet balconies with French doors; floor-to-ceiling sound-attenuated, energy-efficient windows; walls constructed with mold-resistant sheetrock; multi-zoned HVAC systems, and smart home systems by Crestron.

The internationally acclaimed team of Deborah Berke & Partners Architects (DBPA) was instrumental in the interior design of the residences and well-appointed amenity spaces at the Laureate. Custom-designed kitchens feature DBPA-custom cabinetry, Luce de Luna quartzite countertops, free-standing islands with built-in butcher-blocks, Viking and Sub-Zero appliances and stainless steel-tiled backsplashes. Each home features an extraordinary five-fixture master bathroom and includes double-mirrored vanities topped with Bianco Dolomiti marble, radiant-heated flooring, Zuma soaking tubs, glass-enclosed double-headed showers, and custom faucets designed exclusively by DBPA for the Laureate.

Extraordinary penthouse residences at the Laureate boast fireplaces, multiple Juliet balconies, second dishwashers, wine refrigerators, and expansive terraces (up to 2,000 SF) with sweeping city views and roof setbacks with Jacuzzi® hot tubs and barbeque gas grills.

Residents of the Laureate are greeted by a warm, luxurious lobby featuring an onyx wall, custom crystal chandelier and limestone flooring that leads to the building’s well-appointed amenity spaces.  Included in these spaces is a modern and expansive resident’s lounge designed for entertaining and features a piano lounge with a baby grand player piano, a solarium, built-in banquettes, and a large flat-screen television. The lounge opens directly out onto two landscaped terraces created to allow residents to host separate gatherings if needed. Adjoining the lounge is a full-service gym featuring state-of-the-art pilates, cardio and strength training equipment, multiple televisions and over-sized windows with views of the landscaped terraces and children’s playground below.

Children at the Laureate will enjoy their own spaces including a play room dedicated to young toddlers featuring a range of age appropriate books, board games and furniture with an adjoining study room for the “tween” set equipped with large-screen computer terminals, study tables and a writing wall.  Children and adult residents alike will also be able to take advantage of a soundproof music studio located in the basement where they can “rock out” without disturbing others.

Additional building amenities at the Laureate include a 24-hour doorman/concierge, pet spa, cold storage, bicycle storage, and a parking garage with direct elevator access.  Cauldwell Wingate, owned by the Stahl Organization and celebrating its 100th year in business, was the construction manager for the condominium. The Laureate is also qualified for a 421A tax abatement.