NEW YORK, Feb. 01, 2016 (GLOBE NEWSWIRE) -- Waterbridge 47, Greystone’s luxury boutique condominium development at 47 Bridge Street in DUMBO, Brooklyn, has sold out within a matter of months. The speedy sales of the 25 residences reflected the strong condominium market in Brooklyn. Waterbridge 47 surpassed the median price per square foot for real estate in the area; demand is at an all-time high.
The sell-out of Waterbridge 47 exceeded the initial projected value by 28% and the efforts were led by exclusive marketing and sales agent David Maundrell III, EVP of CitiHabitats’ New Development division.
“DUMBO is a treasure. A high caliber building like Waterbridge 47 has brought even more value to this unique neighborhood,” said Maundrell.
“Switching gears from our initial plan to deliver a rental property to instead offer condominiums proved to be the right decision in the current market,” said Jeffrey Simpson, head of Greystone Development. “We appreciate the valuable input and incredible effort from all of our partners involved with this project, including AB Architekten, Durukan Design and especially Dave Maundrell and his sales team, and are thrilled with a 100% sell-out.”
Waterbridge 47 featured one-, two- and three-bedroom homes, including two penthouses with wraparound terraces. The building includes a unique mix of amenities that complement its proximity to DUMBO’s waterfront and green space, such as a roof deck with skyline views; an elegant wine cellar and tasting room, off-site concierge access, fitness center, inner courtyard, children’s playroom, bicycle storage and private parking.
About Greystone
Greystone is a real estate lending, investment and advisory company headquartered in New York. Its development group creates boutique luxury condominium and rental residences as well as prime quality commercial spaces in gateway cities such as New York, Florida and California. For more information, visit www.greystonepd.com.