The Brodsky Organization.
Sponsored by the East 60th Street Associates, L.P., an affiliate of The Brodsky Organization, construction on the site began, in October, and development is proceeding at such a rapid pace that the tower apartments are expected to be ready for occupancy in the fall of 2000.
Some 127 luxury tower condominiums are being marketed at the state-of-the-art residential development located at 401 East 60 Street, near the base of the 59th Street Bridge and the new, exclusive Bridgemarket. Bridge Tower Place is in the heart of one of Manhattan's best new neighborhoods, where the Upper East Side and Sutton Place meet.
Most apartments will have unprecedented sightlines to the Manhattan skyline along the East River, but residents of Bridge Tower Place will have more than just their spectacular views - they will also be getting unusual value. Opening prices start at $570,000 (estimated) and go up to $2 million (estimated). Common charges range from $798 (estimated) a month to $1,545 (estimated).
"The high initial level of interest we have encountered in the condominiums being built at Bridge Tower Place has made the point - dramatically - that the luxury housing market in Manhattan still has plenty of room to expand," said Louise Sunshine, president of The Sunshine Group, exclusive marketing and sales agent for Bridge Tower Place. "And Bridge Tower Place, because of its location, its amenities and quality of design, will certainly give buyers the highest possible value."
Among the amenities that will be available to residents of Bridge Tower Place will be a well-equipped fitness center with adjoining sun terrace; a third floor playroom for residents' children; on-site parking at a 100-car garage on East 61st Street, at the eastern most entrance to Bridge Tower Place, affording easy access to the FDR Drive, Wall Street and weekend homes in die Hamptons and Connecticut; resident manager and full staff, 24-hour professional doorman, and concierge service that will provide a wide range of resident services; a cable ready building; telephone, lines incorporating T-1 computer compatibility, which will be fully integrated with the building intercom system; and a residents only 11th-floor rooftop' garden with views of the East River and the Manhattan skyline.
The cost of the project is $155 million and is being financed by Bayerische Hypo-Und Vereinsbank AG.
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|Publication:||Real Estate Weekly|
|Date:||Feb 16, 2000|
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