If you tour the model residences of 995 Fifth Avenue, chances are you will buy a unit in the building, according to Extell’s Gary Barnett.
Maybe he’s right.
Over half of the 26 units in the Upper East Side development have sold, according to a press release. In just 30 days, over $100 million in sales have been recorded.
The residences, which start out at $12 million, range in size from 4,100 to 8,400 square feet and there is a 7,000-square-foot penthouse with a 5,000-square-foot outdoor terrace.
Occupancy is scheduled for 2008. The full release is below.
SALES SOAR AT EXTELL’S 995 FIFTH AVENUE
$100+ Million in Sales in 30 Days
New York, New York (July 12, 2007) Gary Barnett, president of Extell Development Company, announced that sales at 995 Fifth Avenue are exceptionally strong with over 50% of the residences sold. According to Barnett, “The opening of the model residences galvanized sales at 995 Fifth. Once prospective purchasers come into the building and experience these extraordinary residences, they immediately envision themselves living there.”
The 26 residences at 995 Fifth Avenue range from 4,100 – 8,400 square feet and include a grand, top-floor, 7,000 square foot penthouse with outdoor terrace of 5,000 square feet featuring dramatic views of Central Park and The Metropolitan Museum of Art. Highlights of the 995 Fifth homes include elegant entry galleries, expansive living rooms, formal dining rooms, butler’s pantries and grand, master bedroom suites.
Beth Fisher, Senior Marketing Director for Corcoran Sunshine Marketing Group, the exclusive sales and marketing agent for 995 Fifth Avenue remarked, “It is a privilege to offer homes of the caliber of 995 Fifth. Not only is it a rare opportunity to own a classic, Fifth Avenue, pre-war building with state-of-the-art infrastructure but 995 Fifth owners also enjoy co-op ownership with features and benefits of a condominium residence.
Fisher continued, “With its premier location, arguably among the best residential addresses in the world, choice of custom finishes of the finest materials and superb amenities such as the private La Palestra Health and Wellness Center, 995 Fifth has strongly resonated with purchasers. Financially savvy, our buyers recognize the great appreciation a property of this caliber generates.”
To assist potential owners in envisioning their modern-day Fifth Avenue lifestyle, designer Eric Cohler designed two stunning model residences representing two half-floor homes incorporating up-to-date appointments and state of the art technology. For each, Cohler has applied a distinct perspective, one traditional and the other contemporary, for every room.
Centered within the exclusive enclave of Upper East Side at 81st Street and Fifth Avenue, 995 Fifth Avenue is brilliantly situated at the nexus of New York culture and history surrounded by renowned museums, international boutiques, fine restaurants and elite private schools.
Prices for the residences at 995 Fifth Avenue begin at $12,000,000. Occupancy is scheduled for January 2008.
995 FIFTH AVENUE SALES CENTER
995 Fifth Avenue at 81st Street
New York, New York 10021
Extell Development Company
Extell Development Company is a nationally acclaimed real estate developer of residential, office, hotel and retail properties. Under the leadership of Gary Barnett, Extell exceeds market expectations while delivering the dream behind the building. Among the company’s current New York developments is 995 Fifth Avenue, the Orion, one of Manhattan’s six tallest residential buildings and Ariel East and Ariel West, two exquisite glass towers on the Upper West Side and the Avery and The Rushmore, Extell’s premier developments in Riverside South. With a portfolio exceeding 10 million sq. ft, Extell has gained a reputation for its acute ability to acquire and turn around projects that consistently outperform in the marketplace.
INTERIOR DESIGN/MODEL RESIDENCES
Eric Cohler creates interior designs that infuse traditional forms with the unexpected. Considered one of the country’s leading designers, industry magazine editors have dubbed Cohler the “Mixmaster” for his use of contemporary materials, which, juxtaposed with classical elements, give his interiors a jolt of unusual color and texture. His projects include residences and commercial spaces across the U.S., Europe, and the Caribbean. House Beautiful has described him as one of the 14 “best of the best” in the “next wave of designers in America,” and he is included annually in their “Top 100” issue.
EXCLUSIVE SALES AND MARKETING
Corcoran Sunshine Marketing Group
Corcoran Sunshine Marketing Group offers an impressive array of new residential development for the discerning home buyer and a broad spectrum of services for residential developers. With 20 years of experience in marketing and collective sales in excess of $15 billion, the company combines the powerful distribution network of The Corcoran Group with the unparalleled marketing expertise of The Sunshine Group. Corcoran Sunshine is the recognized industry leader in the pre-development planning, marketing, and sales of luxury residential properties.
Follow Mark Wellborn via RSS.