NEW YORK CITY — Construction is underway on 441 E. 57th Street, a 15-story condominium that will feature seven two-, three- and four-bedroom units upon completion in summer 2008. Manhattan-based FLAnk is developing the building, which is located in the Sutton Park neighborhood of Manhattan, New York City. The facility will include four duplexes, one triplex and one penthouse, ranging in size from 1,650 to 3,390 square feet. Finishes include charcoal-stained maple flooring, BTX motorized shades and recessed cove lighting. Unit prices range from $2.8 million to $7.1 million. Amenities within the property are dedicated storage space in the lobby, a complimentary 1-year Sports Club L.A. membership and daily white-glove home cleaning by the Lindquist Agency. CyberDoorman, an interactive touch screen control panel connected to a 24-hour monitoring and security service, will provide the building’s entry-control, delivery management and security.
Multifamily
NEW YORK CITY —Massey Knakal Realty Services has brokered the $4.6 million sale of a five-story walk-up building in Manhattan, New York City. Rob Vahradian and Helena Willner purchased the building, located at 38 W. 87th St. on the Upper East Side, from Murray Platzman The 20-foot by 72-foot building contains approximately 6,240 square feet, including nine one-bedroom units and one studio, as well as a three-story extension, a landscaped garden with a deck and high ceilings. Meyrick Ferguson and Paul Smadbeck of Massey Knakal represented the seller in the transaction, and Simon Balaj of The Corcoran Group represented the buyer.
PASADENA, TEXAS — Marcus & Millichap recently negotiated the disposition of Garner Villa Apartments, a 63-unit multifamily community located at 403 Garner Rd. in Pasadena. Robert Su of Marcus & Millichap’s Houston office represented the buyer, an Anaheim, Calif.-based partnership.
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