The Stahl Organization Reaches 90 Percent Sold at 388 Bridge Street in Downtown Brooklyn

6/6/16

Courtesy: DBOX

Limited Penthouse Residences Remain That Boast Iconic Views of New York City

The Stahl Organization (Stahl), developer of Downtown Brooklyn’s (DoBro) luxury residential development, 388 Bridge Street (388 Bridge), announced today that they’ve reached 90 percent sold. The 53-story luxury, hybrid building features 144 condominium units and 234 rental units. Designed by renowned architecture firm SLCE Architects, the development has limited inventory in its Penthouse Collection, which features some of Brooklyn’s most sought-after residences.

“Achieving this milestone demonstrates that 388 Bridge is the first choice for prospective buyers in Downtown Brooklyn,” said Roger Fortune, Vice President of Stahl. “The tower has set a standard for-luxury living with its top-of the-line residences, and 388 Bridge has continued to experience success as home owners seek well designed, spacious homes.”

The Penthouse Collection, a collection of two- to four-bedroom homes, offers a variety of desired qualities, including custom interiors, expansive Manhattan skyline views, and spacious private terraces. Included in the collection are only a few of the last remaining duplex penthouses, featuring over 1,500 square-feet of private, outdoor space. Penthouse and condo home owners have access to the exclusive 1,245-square-foot, fully equipped, 46th floor Sky Lounge, providing the opportunity to relax or entertain with the NYC skyline as the backdrop.

“We fully anticipate the remaining penthouses to continue to drive interest from prospective buyers, as they provide a level of luxury living that cannot be found elsewhere at this price point,” said Vanessa Connelly, Sales Manager of Halstead Property Development Marketing, the exclusive sales and marketing team for the development. “388 Bridge residences continue to achieve the highest price per square foot for the neighborhood, and we are confident the remaining penthouses will experience the same success.”

388 Bridge features an extensive variety of amenities, including a doorman, 24-hour concierge, full-service fitness center, media room, indoor lounge and party room, 4,950-square-foot outdoor terrace with a grilling areas, outdoor dining and lounging areas, children’s playground, children’s indoor playroom, bike storage, pet spa, and a 24/7 valet parking garage. Additionally, the Manhattan Athletic Club, a two-story, 15,000-square-foot premium gym is located in the building and is available to residents by membership.

Located in the center of DoBro, 388 Bridge is within walking distance to 12 major subway lines and the Long Island Railroad, providing easy transportation access. DoBro has become the cultural hub of Brooklyn, with ample entertainment, shopping and dining options, including Barclays Center, H&M, Alamo Draft House, Trader Joe’s and Shake Shack. 388 Bridge is also in close proximity to Fort Greene Park, Brooklyn Bridge Park, the Brooklyn Academy of Music (BAM), Brooklyn Ballet, and Theater for a New Audience.

Remaining residences range in price from $1.485 million to $4.95 million.

For more information 388 Bridge Street, please call 718-613-2801 or visit the website atwww.388bridge.com.

About The Stahl Organization

The Stahl Organization was founded in 1949 by the late Stanley Stahl. Today the Stahl Organization owns in excess of five million square feet of commercial space and three thousand residential units. Recent condominium developments of the Stahl Organization include The Apple Bank Condominium, The Brooklyn Trust Company Building, The Laureate and L Haus. In addition to its real estate interests, the Stahl Organization owns Apple Bank for Savings and Cauldwell Wingate Company, the general contractor for The Laureate, TheApple Bank Condominium and 388 Bridge Street. The Stahl Organization is presently managed by its co-presidents, Gregg Wolpert and Richard Czaja, both of whom have worked for the company for more than 20 years.

About Halstead Property Development Marketing

Halstead Property Development Marketing (HPDM) is a leading sales and marketing firm dedicated to the craft of new development. HPDM partners with celebrated developers, architects, and designers to create superior building and living experiences of the highest caliber. Having represented billions of dollars in sales over the past decade, the team brings considerable skill, insight and dedication to carving out truly unique properties that benefit residents and developers. HPDM collaborates at every stage of the process, from site analysis to the final closing, crafting substance through our ardent attention to the development process. All properties receive additional exposure through the unmatched domestic and international Halstead Property network.www.HPDMNY.com

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