Northeast

NEW YORK CITY — North Manhattan Construction is repositioning the 18-unit North building of its two-building The Bridges NYC residential condominium development as a luxury rental property. The Bridges North contains two- and three-bedroom units ranging in size from 1,200 to 1,700 square feet. The building, which has been completed, features Virtual Doorman service and a resident’s terrace. Individual units feature high ceilings, luxury finishes and master bathrooms with LCD televisions. Penthouse residences also feature up to 1,500 square feet of outdoor terrace/roof deck space. Rents start at $4,000.

NEW YORK CITY — Construction is underway for 350 West Broadway, a 10-story residential building located in the SoHo neighborhood of Manhattan, New York City. The building will feature 10 full-floor residences, with prices starting at $9.57 million. The two- and three-bedroom residences will range in size from 2,875 to 3,539 square feet, and will feature foyer entrances, a separate service entrance, a private storage room, a full-size laundry room and luxury finishes throughout. Most residences will have private outdoor spaces, including a 2,700-square-foot setback terrace on the third floor and a 1,388-square-foot rooftop terrace on the penthouse unit. Building amenities will include a full-time doorman, a fitness center and a virtual concierge service. 350 West Broadway was designed by Moed de Armas & Shannon, with William T. Georgis providing interior design services. Stribling Marketing Associates is serving as marketing agent for the property. First occupancies are expected in September 2009.

NORWALK, CONN. — Stamford, Conn.-based RiverOak Investment Corp. has formed a joint venture with RMS Construction for the development of Waterview East, a $15.4 million residential condominium project located at 142-144 East Ave. in Norwalk. Construction will consist of two four-story buildings that will contain a total of 36 units and two 2,700-square-foot commercial spaces. The buildings will be situated on a 2.53-acre site, and will contain 72 parking spaces. Groundbreaking has occurred for the project. Waterview East marks the third investment for RiverOak Fund IV, the company’s $26 million value-added real estate fund.

EAST HAVEN, CONN. — Marcus & Millichap has completed the sale of East Farm Village Apartments, a 240-unit multifamily property located at 55 and 65 Messina Dr. in East Haven, for $21.15 million. Situated on 7.67 acres, the property comprises a 10-story, 204-unit building, as well as a four-story, 36-unit building. Units range from 635-square-foot, one-bedroom units to 1,275-square-foot, three-bedroom units. Property amenities include community rooms, a fitness area, a dining/activity room with a full kitchen, a library and game room, basketball and bocce courts, a playground area, and an outdoor patio. Steve Witten and Victor Nolletti of the New Haven, Conn., office of Marcus & Millichap represented the buyer, 65 Messina Drive LLC, as well as the seller, East Haven Real Estate Associates. Financing for the purchase was provided by the New Haven office of NewAlliance Bank.