Thursday, April 26, 2012

☞ DWELL: Embelesar118 over 85 Percent sold



Embelesar118 at 152 East 118th Street over by Lexington Avenue and 118 Street is at the 85 percent sold mark according to a recent press release.  The final remaining apartments consist of studios, one-, or two-bedroom homes. Starting in the low $200,000s, Embelesar118 also has the benefit of still having a 25-year 421A tax abatement for interested homebuyers.

There are just nine units left at the 57-unit residence located only two blocks from the Lexington Avenue subway line at 116th Street. Amenities include a concierge, live-in super, two furnished resident’s terraces, large fitness room, “Fresh Direct” cold storage closet, package delivery room, bicycle room and on-site parking. Moreover, the building qualifies for SONYMA-backed loans with as little as five percent down. Board approval is not required. More information may be found at the development site: www.embelesar118.com

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