NEW YORK, NY – November 9, 2011 – (RealEstateRama) — BFC Partners and The Corcoran Group today announced that 84 percent of the available homes at Toren, Brooklyn’s iconic new condominium tower, have been sold. The development reached this benchmark following a series of seven million-plus dollar deals since September 2011, including a 1,967 square foot three-bedroom, three-bath duplex penthouse that sold for over $1.3 million.
Located at 150 Myrtle Avenue at Flatbush Avenue, Toren (http://torencondo.com/) is a 37-story state-of-the-art residential high rise with a total of 240 units. Toren is FHA and Fannie Mae approved and ready for immediate occupancy, with 75% of the buyers now closed and living in the building.
“Located in the heart of Downtown Brooklyn – an area in the midst of major transformation – buyers truly appreciate the value of homes at Toren,” said Toren’s sales manager Marco Auteri of The Corcoran Group. “Beyond location and value, we consistently hear that our buyers are also drawn to Toren’s many sought-after features – from breathtaking views and prime location to spacious layouts, green features and extensive amenities; the development provides all of the features buyers are looking for in a new home.”
The top eight floors of Toren consist of eight one-bedroom simplex penthouse units and 24 duplex two or three bedroom penthouse units featuring double height living rooms and spectacular views through floor-to-ceiling windows. Remaining units range in size from 450 to 1,987 square feet studios, one-, two- and three-bedroom homes, in price from $395,000 to $1.45 million with a 25-year, 421-a tax abatement, including:
– Unit 2905, a spacious 738 square feet one-bedroom, one-bathroom home with incredible south- and west-facing views for $525,000;
– Unit 2903, a 1,052 square feet two-bedroom, two-bathroom home featuring a spacious master bedroom and bath for $790,000; and
– Unit 3407, an expansive 1,451 square feet three-bedroom, three-bath duplex penthouse that provides breathtaking south- and east-facing views for $1.025 million.
All residents enjoy a host of amenities including a multi-level roof garden; an outdoor screening area; a 2,000 square-foot fitness center with comprehensive recreational programming, a stretch center, an indoor swimming pool, locker rooms, and sauna; a library; a two-level attended parking garage; and a 24-hour attended lobby.
Toren is an environmentally friendly building and is currently on track for Gold-LEED certification. Powered by the only full cogeneration plant in a New York City residential building, it fuels Toren’s electrical, heating and cooling needs while lowering the burden on utility companies. Occupancy sensors optimize lighting usage based on occupancy in all stairwells and common areas and reflective roofing pavers reduce solar heat gain, lowering the need for air conditioning.
For more information, please visit the website at www.torencondo.com.
About BFC Partners:
BFC Partners is a New York-based real estate development company that focuses on the acquisition, development, financing, construction, marketing and management of affordable and market rate housing. As a principal in development projects, they provide project management services, equity capital, secure and guarantee project financing, act as general contractor, market and oversee project rent-up, and are generally responsible for the overall development process. Between its construction capacity and project management ability, BFC is a full service, professional real estate development organization which is intimately familiar with the nuances of guiding difficult projects to successful completion. BFC’s forte is handling unique development situations. For more information on BFC Partners, please visit: http://bfcnyc..com/
About The Corcoran Group
The Corcoran Group, a leading residential real estate brokerage company in New York City, operates 40 offices with 2,100 sales associates serving Manhattan, Brooklyn, the Hamptons, the North Fork, Shelter Island, Delray Beach and Palm Beach, Fla. The Corcoran Group, www.corcoran.com, is part of NRT LLC, the nation’s largest residential real estate brokerage company. NRT, a subsidiary of Realogy Corporation, operates Realogy’s company-owned real estate brokerage offices.
