Some recent press received about East Harlem's Embelesar118 reveals that the new construction on 118th and Lexington has hit the 51% mark in sales and will have move-ins soon. The development at 152 East 118th Street, has sold more than half of its 57 apartments and additionally earned a Temporary Certificate of Occupancy (TCO), bringing the closing dates even closer for dozens of buyers. Once the cooperative’s plan is Declared Effective by the Attorney General’s office, closings will commence and people will begin moving into their new homes. Pricing starts around $465 per square foot at the building which also includes amenities such as a large fitness room, on-site parking, live-in super, “Fresh Direct” cold storage closet, package delivery room and bicycle room. In addition, the building qualifies for SONYMA-backed loans and carries a 25-year 421(a) tax abatement.
www.Embelesar118.com
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