One Sunset Park Launches Sales in Brooklyn

by admin ~ October 17, 2008

Our clients at One Sunset Park just launched sales at their luxury condo conversion, which is located on Sunset Park in Brooklyn.  Not familiar with Sunset Park? It’s a very cool place.

So far, here’s some coverage on the building:

 New York Daily News - The Closer

The Real Deal - Real estate pros bank on low prices to sell Sunset Park Condos

BestViewInBrooklyn Blog - Condos on the Park

Brownstoner - One Sunset Park: A Blogger’s Review

Check out the full release below or contact Nicole Amato (nicole@mediashoppr.com) for more information.

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SALES BEGIN FOR “ONE SUNSET PARK,”

A NEW, AFFORDABLE PRE-WAR CONDO CONVERSION

IN SUNSET PARK BROOKLYN

Best Value in Brooklyn with Favorable Financing Options Offered by Developers

New York, NY - Halstead Property Development Marketing today announced the opening of sales for One Sunset Park, a new premium condominium development located in the heart of Brooklyn’s Sunset Park neighborhood at 702 44th Street.

With changing interest rates, new mortgage regulations, and overall economic concerns, consumers are hearing mixed messages when it comes to buying real estate, but One Sunset Park offers an outstanding opportunity to secure a luxury home in this market.

With units starting at just $300,000, the developers are offering a high-end product at prices below those in neighboring areas, with low monthly charges, and excellent financing options, including:

- Committed partnership with Wells Fargo to provide end loans on favorable terms to buyers. For qualified buyers, the loan can be as low as 5.25% (fixed for five years) for an 80% adjustable-rate 30-year loan.
- Other financing options are available for 10% down loans.
- Credit approval can be given by the bank within one hour with a full commitment issued within 48 hours.
- First-time buyers can take advantage of a federal tax credit of $7,500 on purchases made before July 2009.

One Sunset Park is a six-story, 54 unit conversion of a pre-war rental to condominium building. The 21 residences available for sale range in price from $300,000 to $585,000. The development offers a mix of home sizes from studios to two bedrooms, some with a windowed study, ranging in size from 562 to 1,114 square feet.

One Sunset Park is a joint venture of Paul J. Klausner/Continuum Development Corporation, lead developer, and Sierra Realty Corp., which co-developed and will manage the property. The sales office, which is located on site, opened today to launch sales at the building and salespeople fluent in English, Spanish and Chinese will be on staff to discuss sales. For a list of available units and floor plans, and other details, please visit: www.OneSunsetPark.com.

“We’re excited to offer the best value in Brooklyn in this vibrant and historic neighborhood,” said Paul J. Klausner of Continuum Development Corporation, the lead developer of One Sunset Park. “Residents will enjoy the benefits of luxury living at an affordable price compared to neighboring areas, with monthly costs even less than they would pay to rent a comparable unit.”

The gut renovation of each unit of One Sunset Park now features insulated Brazilian Cherry hardwood flooring; a Bosch washer and dryer; kitchens with CaesarStone countertops, white frosted glass-tile backsplashes and Jenn-Air stainless steel appliances; and baths with polished marble flooring and wall tiles, Toto fittings and Kohler soaking tubs.

The classic pre-war origins of the building are being restored and updated to include a stylish stainless steel and glass entryway, fitness center, landscaped rear garden and sitting area with cast stone fountain, individual walk-in basement storage units, video intercom security system; and interior bicycle storage racks.

One Sunset Park gives residents an affordable opportunity to live in the heart of one of Brooklyn’s most culturally diverse neighborhoods and is located directly across the street from beautiful, recently restored Sunset Park itself, which boasts sprawling views of the Statue of Liberty and the Manhattan skyline, an Olympic sized outdoor pool and other recreational facilities.

Close to many schools, shops and recreational options, One Sunset Park is situated in Brooklyn between Park Slope to the north and Bay Ridge to the south, Borough Park to the east and Upper New York Bay to the west - a central location that gives residents quick access to Manhattan and other Brooklyn destinations. Cultures and cuisines intermix seamlessly in Sunset Park - one block east of the development is New York’s third-largest Chinatown and two blocks west is an area known for its large number of Latino restaurants. The development’s prime location makes it easy for residents to enjoy cuisines from across the globe at local restaurants, including several that are Zagat-rated, without having to travel more than a few blocks in any direction.

“Sunset Park gives residents the opportunity to live in a culturally diverse neighborhood that offers a plethora of shopping, recreation and dining options, while being a short train ride or drive to Manhattan and centrally located in Brooklyn,” said Stephen G. Kliegerman, Executive Director of Development Marketing at Halstead Property. “This growing neighborhood is rich in history and culture and very convenient for Manhattan commuters.”

One Sunset Park will be exclusively marketed and sold by Halstead Property Development Marketing. The project is currently undergoing reconstruction with occupancy of renovated units expected in November 2008. For photos and floor plans, please visit www.onesunsetpark.com or contact Nicole Amato at nicole@mediashoppr.com or 212-867-8778 x226.

About Paul J. Klausner/Continuum Development Corporation:
Paul J. Klausner, President of Continuum Development Corporation, has 25 years of experience in real estate development and investment as owner/developer as well as senior executive of a publicly-held senior housing company. During that period Mr. Klausner has developed more than 1,000,000 square feet of housing, ranging from a 188,000 square foot newly constructed apartment complex in Teaneck, NJ to a single-family townhouse in Manhattan.

About Sierra Realty Corp.:
Established in 1953, Sierra Realty Corp. is a full service New York City-based real estate company that provides a wide range of commercial and residential property management services to properties across the New York Metro area. Services also include: office and store leasing; brokerage services to building owners and tenants; and real estate consulting services for real estate market development and investment opportunities. For more information on Sierra Realty Corp., please visit: http://www.srcny.com/

About Halstead Development Marketing:
A division of Halstead Property, Halstead’s Development Marketing Division is the exclusive sales and marketing firm for more than 65 new developments representing over 3,500 units in the tri-state area. The Halstead Development Marketing Division consults with developers on every aspect of the development process, including: pre-development planning such as comprehensive market research, detailed unit mix and layout analysis and amenities planning, all of which enables their clients to maximize sales prices, increase absorption rates and provide an overall superior product benefiting the consumer and developer. In addition, the division directs and coordinates the selection of all on-site personnel, conducts extensive sales training and monitoring, designs exceptional sales environments, and creates integrated communications planning including marketing, advertising, public relations and branding. For more information on the Halstead Development Marketing Division, please visit: http://www.halsteadpdm.com/home

As the first firm in New York to bring real estate sales out of office buildings and into retail storefronts, Halstead is one of the largest residential real estate brokerage firms in the metropolitan area. For more information on Halstead, please visit: http://www.halstead.com.

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