Discounts Up to 4.95%
New York, NY – October 5, 2010 – (RealEstateRama) — Strategic Development and Construction Group and Lemle & Wolff, Inc., developers of Beacon Towers, a new cooperative residential development in Harlem, today announced a price reduction on most remaining available homes.
According to developers, the price reductions reflect the final sale prices received for similar units, ultimately discounting the prices by as much as $26,000. The remaining residences include one-bedrooms starting at $275,000 and two-bedrooms starting at $325,000. Construction of Beacon Towers is complete and occupancy is immediate with no board approval required.
“Buyers today are looking for all of the things that Beacon Towers offers including value, location, great design and immediate occupancy,” said Frank Anelante, CEO of Lemle & Wolff, Inc. “Now, with a limited affordable real estate inventory in Manhattan, there has never been a better time to buy, and at Beacon Towers, buyers will not have to sacrifice quality for value,” added John Frezza, President of Strategic Development and Construction Group.
An eight-story newly constructed building; Beacon Towers is located at 29 West 138th Street and is currently over 85% sold. The building has a 421-a real estate tax abatement for 25 years and offers amenities such as a fitness center, attended lobby, an interior courtyard and an underground parking garage. There are units which have private terraces and others with river views. For a full list of available units and floor plans, please visit: www.beacontowersliving.com.
Beacon Towers was developed in direct response to the need for affordable housing in New York City. Developers and lawmakers are working together to secure truly affordable residences for New York’s middle class – an anomaly in recent years, as the cost of living has skyrocketed in all areas of the city. With a shrinking supply of affordable units, Beacon Towers fills a great need in the market today.
Located on 138th Street between 5th and Lenox Avenues in one of Harlem’s architecturally and historically significant neighborhoods, Beacon Towers is surrounded by cultural institutions, public and private schools, restaurants, and shops. The Harlem River Drive entrance is only one block away and numerous subway and bus lines are accessible within walking distance.
Beacon Towers is a joint venture between Strategic Development and Construction Group and Lemle & Wolff, Inc., two developers that have been at the forefront of creating mixed use affordable housing developments in New York City for more than 25 years.
The development is being exclusively marketed and sold by Halstead Property Development Marketing. For renderings and floor plans, please visit www.beacontowersliving.com or contact Megan Raphael at megan (at) mediashoppr (dot) com or 212-867-8778 x 232.
About Strategic Development and Construction Group:
Strategic Development & Construction Group (SDCG) has been actively engaged in the acquisition, financing, development and marketing of residential and commercial projects since 1985. SDCG has built over three thousand residential units and earned numerous awards for its achievements from organizations such as the Associated Builders and Owners of Greater New York, Inc., the Brooklyn Chamber of Commerce, NYSAFAH and the New York State Senate. For more information, please visit: http://www.strategic-construction.com
About Lemle & Wolff, Inc.:
Lemle & Wolff, Inc. is a real estate management and development firm that was established in 1938 and is today one of the foremost providers of affordable housing in upper Manhattan and the Bronx. A full service organization, the firm is committed to the preservation and upgrading of the housing stock in the areas it services. L&W currently manages more than 300 buildings and, since 1974, L&W has completed the construction and/or rehabilitation of over one hundred buildings. L&W is a past recipient of an award for national excellence for community development partnerships. For more information, please visit http://www.lemlewolff.com/.
About Halstead Property Development Marketing:
Halstead Property Development Marketing is the exclusive sales and marketing firm for numerous new developments in the tri-state area. They consult with developers on every aspect of the development process, including: pre-development planning such as comprehensive market research, detailed unit mix and layout analysis and amenities planning, all of which enables their clients to maximize sales prices, increase absorption rates and provide an overall superior product benefiting the consumer and developer. In addition, the division directs and coordinates the selection of all on-site personnel, conducts extensive sales training and monitoring, designs exceptional sales environments, and creates integrated communications planning including marketing, advertising, public relations and branding. For more information on the Halstead Property Development Marketing Division, please visit: http://www.HalsteadPDM.com/.
