NEW YORK, NY – April 3, 2012 – (RealEstateRama) — Halstead Property Development Marketing today announced that over 90% of the units have been sold at The Gateway Tower, a luxury high-rise condominium located on Fredrick Douglass Boulevard’s “Gold Coast” in West Harlem.
Located at 2098 Frederick Douglass Boulevard between 113th and 114th Streets, The Gateway Tower is an 88-unit, 11-story residential development which offers buyers incredible views of nearby Morningside Park and Central Park. The Gateway Tower’s five remaining units are two bedroom and two bathroom units with fantastic city views ranging in size from approximately 1,129 to 1,300 square feet and in price from $795,000 to $1,050,000. For all listings, please visit: www.gateway-condo.com.
“We are very proud of the team’s progress at Gateway Towers. Lead brokers Norman Horowitz and Traci Guberman have done a terrific job selling these units at top prices for the area,” said Stephen G. Kliegerman, president of Halstead Property Development Marketing. “Spacious, well-priced two bedroom homes like those remaining at The Gateway Tower are in high demand today, and we expect a quick run of sales to completion.”
Located in a flourishing neighborhood with spectacular amenities and impeccable design, The Gateway Tower provides buyers with Manhattan-living at an incredible value. The Fannie Mae and FHA-approved development has a 25 year, 421-a tax abatement, low common charges, and is ready for immediate occupancy.
Residences at The Gateway Tower feature hardwood floors, large, open kitchens with maple cabinetry and stainless-steel appliances. In addition, homes include Bosch washers and dryers and bathrooms with Crema-Marfil marble baths with vanity sinks. All of the remaining units are on floors seven through 11 and feature huge private terraces or large balconies.
Providing buyers with the utmost of amenities, The Gateway Tower features a fitness center with a sauna and bathroom, a landscaped common patio garden, a community room for reserved private functions, and 24-hour doorman attended lobby, as well as a live-in superintendent. Residents will also enjoy inspiring views of Morningside Park and Central Park from an enticing common roof deck that soars above low-rise West Harlem. Private storage is also available at low rental rates.
The Gateway Tower is just a few short blocks from Central Park, Morningside Park, Columbia University and the Cathedral of St. John the Divine. The neighborhood is home to numerous trendy shops and restaurants including Bier International, Melba’s, 67 Orange Street, The 5 and Diamond, Levain Bakery, Miss Mamie’s Spoonbread Too, MODSquad Cycles, Land Yoga, Organic Forever, and the Winery; and is near five subway and seven bus lines.
The development is exclusively marketed and sold by Halstead Property Development Marketing. Norman Horowitz, broker and executive vice president of Halstead Property, and recipient of The Real Estate Board of New York’s prestigious Deal of the Year Award twice in the last three years, is spearheading sales for The Gateway Tower. For photos and floor plans, please visit http://www.gateway-condo.com.
About Halstead Property Development Marketing:
Halstead Property Development Marketing is the exclusive sales and marketing firm for numerous new developments in New York and New Jersey. 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 enable 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/.
About Gaetano Development Corp.
The Gaetano Development Corp. (GDC) is a small family owned real estate development firm with offices in Manhattan and Westchester. GDC has been developing in the Harlem area for the past 12 years completing over 300 rental and luxury condominium apartments. The principles are Steven Gaetano, a registered architect who performs the design work for the firm, Michael Gaetano the CFO in charge of financing and sales and Matthew Gaetano the President who performs all the construction. Lore Gaetano, a licensed real estate broker, manages the completed buildings under her firm, Manhattan Property Managers Realty Corp.
About William Procida Inc. (WPI)
Based in Englewood Cliffs, N.J., William Procida Inc. (WPI) was founded in 1995 by William Procida. The firm specializes in due diligence, asset management, restructuring, interim development, project evaluation and loan sale, and is a direct investor and lender. Recent assignments include GMAC Mortgage Group, Metro Homes and Ritchie Capital. In March 2008, WPI sold its interest in Palisades Financial, which it founded in 2000 as a majority shareholder; Palisades formed and managed two highly successful private equity funds.
For 29 years, Procida has been a fixture on the Tristate-area real estate scene, building over $1B in projects and financing more than $2B in properties. In addition to being a media commentator, with frequent appearances on CNBC and Fox Business, he has won the Associated Builders and Owners of Greater New York’s “Developer of the Year Award” and National Association of Home Builders Multi-Housing Division and Multi-Housing News’ “Pillar of the Industry Award” for Best Affordable Project in the United States.
