NEW YORK, July 26, 2016 /PRNewswire/ -- 385 FIRST AVENUE, the new condominium development from Magnum Real Estate Group, has begun sales on the 118 unit building with the rental consumer in mind.
Ben Shaoul, CEO of Magnum Real Estate Group said of the project, "Many New Yorkers feel alienated from the buying process in Manhattan and settle on renting rather than making the next step to home ownership. 385 First Avenue offers luxuriously appointed apartments at an attainable price point. We want to end the myth that it's impossible to buy in the city."
Francis D' Haene has designed a selection of light-infused one, two and three bedroom residences with views of the East River, Gramercy, Downtown New York and Brooklyn, combining open custom crafted kitchens, top-of-the-line Miele and Bosch appliances and honed marble counters with luxurious marble finished bathrooms.
Since sales began in April the building has sold 20% of units, seeing a significant buyer response in the first time buyer and millennial markets with over 50% of buyers coming from rental backgrounds.
The building's comprehensive suite of amenities features a sleek 24-hour attended lobby, a 22nd floor 1,674 square feet landscaped roof terrace with panoramic views of the city, a residents' lounge, and a fitness center center designed by expert coach Jay Wright.
About MAGNUM REAL ESTATE GROUP
Magnum Real Estate Group, one of New York's fastest-growing, diversified real estate firms, was established more than a decade ago by Benjamin Shaoul. With a primary focus on New York City, Magnum is a leader in the acquisition, development, renovation and management of premier properties in many of Manhattan's most sophisticated and vibrant neighborhoods.
Compass is a dynamic technology-driven real estate platform with offices in New York City, the Hamptons, Miami, Aspen, Boston, Los Angeles, and Washington, DC. Compass provides comprehensive brokerage services, combining exceptional agents with best-in-class technology to make the process of buying, selling, or renting a home intelligent and seamless.
About D'APOSTROPHE DESIGN
Francis D'Haene founded D'Apostrophe in 1996. With a focus on high-end design in both commercial and residential projects, his work has received numerous awards including a 2010 Interior Design Best of Year Award and has been recognized by top design publications from around the world.
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SOURCE Magnum Real Estate Group