Mirador Real Estate, a Manhattan-based residential brokerage announced it has been retained to market and lease 49 Prince Street, a six-floor, 27-unit rental redevelopment project in Nolita.
The goal of 49 Prince LLC’s re-development project is to deliver a world-class rental building in the heart of Nolita. The project will offer three one-bedrooms and 14 two-bedrooms with prices ranging from $3,800 to $5,000.
Renovations to the property will include new casement windows, a complete renovation of common areas, steam cleaning of the façade, and newly conceptualized floor plans.
Building amenities include an outdoor garden, laundry room, bike storage, video intercoms, resident lounge with WiFi, a television, a kitchenette, and wine cooler.
Apartment features include 7” plank floors, custom 8’ tall pocket doors, multiple exposures, new Dieken air conditioners in each room, custom mill work, and exposed brick. Bathrooms will include Carrera marble radiant heat floors, Hansgrohe shower bodies, as well as floating custom vanities and commodes. Kitchens include Calcutta gold counter-top and backsplash, Subzero refrigerators, as well as Blomberg ranges and dishwashers.
Leasing commenced the last weekend of August with two bedrooms renting for $4,300-$4,500. All units in the preliminary release rented in the first 10 days. The remaining higher floor one and two bedrooms will be released over the next four to six months.
The building’s renovations are anticipated to be finished by late Spring/early Summer 2019.
We are excited that we are delivering a condominium-quality rental building in a superior location,” explains Nicholas Pagano, project manager, of 49 Prince LLC. “The building has great bones, exposed brick, and good light and air with units with multiple exposures which is unique for this type of residential project.”
“The level of detail that Nick and his team put into re-imaging 49 Prince is exciting. It is a great story to tell and a quality experience for the renters,” comment Serignese, associate broker, Mirador Real Estate. “The finished product really stands out against the competition. Having Stuart Phillips of Workshop 360 and Michael Murroff as designer and architect on board exemplifies the vision and resources that ownership invested in this project.”
“As an asset strategist having launched buildings in this area many times before, I was expecting another typical conversion that replaces ‘old New York’ treasures with modern-day efficiency. Instead, what I saw when I arrived thrilled me!” explains Karla Saladino, co-founder, Mirador Real Estate. “The developer invested in radiant heat flooring, premium appliances and windows and even an indoor/outdoor lounge area with an old-world feel. All this is rare for a building this boutique in size. I was immediately sold on taking on this project.”