Developers invite buyers to have their cake and eat it in W. Clinton

Real Estate Weekly,  August 29, 2007  

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Kaish & Taub Development Group is enjoying continued sales success at 517 W. 46th St., a new seven-story residential condominium property located between 10th and 11th avenues in Manhattan.

Nearing completion, the building is anticipating occupancy in October of 2007 and, to date, has sold 70% of its units.

The 42,000 s/f building features spacious one- and two-bedroom units ranging in size from 610 to 1,700 s/f. Kaish & Taub launched its sales effort for 517 W. 46th St. in mid-January of 2007 and has sold 32 of the 45 units available.

Homeowners at 517 W. 46th St. will benefit from the 421-a tax abatement for the next 10 years. Also, the building's sponsor will cover a large portion of the closing costs, including city and state transfer taxes and the sponsor's attorney fee.

"517 W. 46th St. is a remarkable opportunity for buyers looking for more than the cookie-cutter condos that are typical of new construction at this price point in Manhattan," said Norm Kaish, principal of Kaish & Taub.

"Our design team captured the spirit of this historic neighborhood while incorporating modern, high quality finishes into each home."

517 W. 46th Street's facade is adorned with unique, brick-red Trespa panels and each individual residences features oversized windows, white oak floors and nine-foot ceilings. Most homes in the building also feature private terraces.

Ten private rooftop cabanas for entertaining or relaxation offer 360-degree views of Manhattan and the Hudson River. Residents have the opportunity to purchase individual cabanas, which range in size from 200 to 450 s/f and are equipped with electricity and running water. Individual cabanas are priced from $40,000 to $75,000. Individual condo units range in price from $605,000 to $1.485 million.

Prudential Douglas Elliman is exclusive marketing and sales agent.

COPYRIGHT 2007 Hagedorn Publication
COPYRIGHT 2008 Gale, Cengage Learning