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The Heights Condos on Wadsworth Avenue and Terrace went on the market on May 8. PHOTO: Mike Fitelson
“High Style.” That’s the tagline being attached to Washington Heights’ newest real estate development to hit the market: two six-story condominiums located at 350 Wadsworth Ave. and 42 Wadsworth Terrace near W. 191st Street a block from St. Nicholas Avenue.
“The Heights Condos” are being operated by MNS, formerly the Real Estate Group of NY and the Developers Group, which also has properties in Brooklyn, Queens, and Central Harlem. The group’s most well-known luxury properties are probably the Williamsburg Edge and One Brooklyn Bridge Park.
According to CEO Andrew Barrocas, The Heights Condos are an example of clean and stylish design at an affordable price.
“We decided to come into Washington Heights because of its scenic views and historic past,” said Barrocal, referring to the park and George Washington Bridge views that some of the apartments boast.
The 30 units include 460-square-foot studios starting at $255,000; 650-square-foot one-bedroom apartments starting at $350,000; and 925-square-foot two-bedroom apartments starting at $480,000.
The building is a rare foray east of Broadway for a condominium. The last one that opened, the New Amsterdam in 2008, eventually put most of its units up for auction in February.
The asking prices at The Heights Condos are comparable to what was sought at the Bennett212 Condo on Bennett Avenue and W. 190th Street when it went on the market in 2009.
The developer is hoping to introduce a higher standard of “luxury living” to the neighborhood through clean and modern design details such as granite top kitchen counters, stainless steel appliances, wooden floors, terraces, balconies, and extra large wall-to-wall windows, which make for airy, bright, and modern living quarters.
The new buildings come fast on the heels of the neighborhood’s first luxury rental building, at Broadway and W. 192nd Street, which went on the market last month. Also in the vicinity is the proposed Quadriad project, a mega real estate development on Broadway that could bring as many as 454 units into four residential towers at the corner of W. 190th and Broadway.
But for now, uptown residents seeking luxury living might find a match at Heights Condos. “We are giving potential buyers lots of incentives,” Barrocas said. “There is a 15-year tax abatement, and if qualified buyers can purchase with a down payment of just 3.5 percent, that’s approximately $10,000 to move in.”
The FHA-approved condos have a monthly common charge of about $800, depending on the size of the unit, he added.
Open houses at The Heights Condos are held Wednesdays from 5:30 to 7 p.m., Saturdays from 2 to 4 p.m., and Sundays from 1 to 4 p.m. For more information call 212-475-9000 or visit www.heightscondosnyc.com.
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