Printer Friendly
The Free Library
14,380,430 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Loft condo 'a good investment'.


Sales have begun at BellTel Lofts, the conversion of the former Verizon Building The Verizon Building is a 32-story Art Deco building in New York City, located in Lower Manhattan. It is named for Verizon Communications, for which it is the headquarters. , an Art Deco art deco (ärt dĕkō`; är dākō`, ärt) or art moderne (är môdĕrn`, ärt)  gem, into a luxury loft condominium.

The BellTel Lofts are located on The MetroTech campus, the vibrant commercial center and convenient transportation hub Transportation hub is a location where traffic is exchanged across several modes of transport. These modes may include any of railway, tramway, rapid transit, bus, automobile, truck, airplane, spacecraft, ship, ferry, pedestrian or any other kind of transportation.  of Downtown Brooklyn Coordinates:

Downtown Brooklyn is the third largest central business district in New York City (following Midtown Manhattan and Lower Manhattan), and is located in the
.

The classic 1931 building, located at 365 Bridge Street, was headquarters for the New York Telephone The New York Telephone Company (NYTel) was organized in 1896, taking over the New York City operations of the American Bell Telephone Company. Predecessor companies
The Telephone Company of New York
 Company, and will retain its impressive Art Deco facade.

Upon completion, the 27-story BellTel Lofts will feature 219 residences, including studios, one-, two- and three-bedroom loft homes, ranging in size from 600 to 2,700 square feet.

All of the residences will have high ceilings; many will offer breathtaking panoramic views and outdoor space. Thirteen professional spaces will also be offered for sale.

"We believe that the BellTel Lofts will be a smart investment for buyers seeking spacious lofts in a booming and convenient location. Today's buyers are sophisticated and are looking to get in on the 'ground-floor' of a newly emerging residential neighborhood. Belltel Lofts offer buyers great value," said Hal Henenson, executive director of the Prudential Douglas Elliman Development Marketing Group, the sales and marketing agent for the project.

"We are really excited to be a part of the first major residential conversion in the heart of downtown Brooklyn, one that will strongly advance the revitalization of the area."

BellTel Lofts has been designed for today's lifestyle, with interiors by famed architectural firm An architectural firm is a company which employs one or more licensed architects and practices the profession of architecture. History
Architects (master builders) have existed since early in recorded history. The earliest recorded architects include Imhotep (c.
, Beyer Blinder Belle, known for their preservation work, including the acclaimed renovation of Grand Central Station.

Prices begin at $500,000 and occupancy is expected for Spring 2007.
COPYRIGHT 2006 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Suburban Markets
Publication:Real Estate Weekly
Date:Oct 25, 2006
Words:261
Previous Article:Bobker Group goes high rise on the Brooklyn waterfront.(Suburban Markets)(to develop luxury condo tower)(Brief article)
Next Article:Firm shows faith in Queens.(Suburban Markets)
Topics:



Related Articles
Y2K will see spurt in Chelsea condo market.
Residential coversion continues in Tribeca.(Brief Article)(Statistical Data Included)
Pricey Downtown Condos.(unitscost between $200,000 and $500,000)(Brief Article)
New Rochelle condo project 50% sold.
Embracing commutes measured in steps, not miles.(Easy Living?--Downtown for Sale)
Condo appreciation.
No sign of slowdown on residential rollercoaster.(Residential Marketing & Brokerage)
Developer opts for luxury condos instead of hotel.(Real Estate)(The DT Group)
Developer leaving buyers to fill in the blanks at Aurora's white-box penthouses.
Time buys B'way retail condo.

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles