Press | July 29, 2011

Atlantic Terrace

New York Daily News

 

Directly across the street from the Barclays Center, Atlantic Terrace has sold 9 of 20 market-rate apartments with move-ins already started. The one, two and three-bedroom homes in the LEED-Gold proposed building start at $385,000 and go up in price to slightly over $1 million for the duplex 1,800-square-foot two-bedroom, two-bath penthouses that have outdoor space.

 

Located at 212 South Oxford St., the 80-unit co-op development with 60 apartments already taken by medium-income buyers has eco-friendly features such as a green roof, sustainable cabinets made in Williamsburg, bathroom vanities built in Gowanus, and recycled glass and granite kitchen countertops sourced from a company working in the Brooklyn Navy Yard. The building has underground parking costing around $200 per month, a bike storage room and a lounge with a media center off the huge common space green roof. Fifth Avenue Committee, Magnusson Architecture and Planning and Mega Contracting are all part of the development team. The Corcoran Group’s Deborah Rieders, a Brooklyn specialist for over a decade, is in charge of marketing the building.

 

“There is so much value associated with these homes,” says Rieders. “The views, the large homes, the finishes and the unbelievable location can’t be found anywhere else. This is a co-op, so we’re going to educate buyers how to save money on closing costs and maintenance.”

 

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