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Greystone to Launch Sales of "Waterbridge 47" Boutique Condominium Building in Brooklyn's Historic Dumbo Neighborhood

NEW YORK, Dec. 1, 2014 (GLOBE NEWSWIRE) -- Greystone, a New York-based real estate development and financial services group, today announced the launch of Waterbridge 47, a new upcoming boutique residential development in Brooklyn's historic Vinegar Hill / DUMBO neighborhood. Greystone intends to market and sell the residences as condominiums. Located at 47 Bridge Street on the corner of Water Street, Waterbridge 47 will feature a collection of 25 luxury residences along with superior building amenities. Exclusive marketing and sales are being managed by Brooklyn-based brokerage aptsandlofts.com.

Designed by architect AB Architekten, with interiors by Durukan Design, Waterbridge 47 offers residents a unique mix of amenities to complement its proximity to DUMBO's waterfront and green space. Amenities will include a private wine cellar and tasting room; off-site concierge access; roof deck with skyline views; fitness center; inner courtyard; children's playroom; bicycle storage; and private parking.

Waterbridge 47 features one-, two- and three-bedroom homes including three townhouse inspired duplex homes and two penthouses with wraparound terraces. All residences will feature solid Ash Antiqued plank wood flooring; marble countertops; stainless steel appliances; white lacquer and glass finishes in the kitchens; and washing and drying machines. Select residences offer private patios and balconies, and private roof terraces. Units will range in size from approximately 700 square feet one bedrooms to more than 1,200 square feet three bedrooms, with prices starting at approximately $850,000 to $2,200,000.

"Waterbridge 47 offers a prime location with corner exposures and a collection of amenities that cater to the dynamic and sophisticated DUMBO buyer," said Jeffrey Simpson, head of Greystone Property Development. "We are excited to bring a distinctively Greystone product to this neighborhood, where buyers can expect attention to detail and optimal use of space and views."

"Vinegar Hill / DUMBO is quickly becoming one of Brooklyn's premier neighborhoods due to its spectacular waterfront access, raw industrial charm, cobblestone streets, thriving neighborhood culture and convenient transportation options," said David Maundrell, president and founder of aptsandlofts.com. "It is truly an escape from the daily hustle and bustle of NYC and is one of the city's best kept secrets."

Interested parties can sign up for alerts at www.Waterbridge47.com. Waterbridge 47 is expected to be complete in Fall 2015.

About Greystone

Greystone is a financial services and private investment group whose original core business is real estate lending. Over the years, Greystone has added business lines that are related to, and are natural extensions of, its core business. Headquartered in New York with offices across the U.S., Greystone is active in three major business segments: Mortgage Finance, Real Estate and Healthcare. Greystone's mission is to apply unparalleled creativity while modeling corporate compassion. For more information, visit www.greyco.com.

About aptsandlofts.com

aptsandlofts.com is one of New York City's largest privately owned full-service real estate brokerage firms, offering new development marketing and consultation as well as commercial leasing services throughout New York City, with particular expertise in Brooklyn and Queens. Established in 2002 by President David Maundrell, aptsandlofts.com has quickly established itself as a leader in the industry for groundbreaking marketing campaigns and trusted market trend analysis. A winner of the Multi-Housing News 2012 Excellence Awards for Best Marketing Program, aptsandlofts.com was also recently ranked the second largest new development marketing firm in all of New York City by The Real Deal Magazine. For more information, visit www.aptsandlofts.com.

About AB Architekten

AB Architekten is a full-service architectural firm founded in 2002 by partners Matthias Altwicker and Alexander Blakely. Their combined experience includes design and construction of residential, commercial, and educational projects in the United States and Europe. AB Architekten is particularly committed to environmentally conscious building design with a focus on implementing solar energy systems. For more information, visit www.abarchitekten.com.

About Durukan Design

Durukan Design provides Interior & Architectural Design Services, specializing in residential, corporate, and hospitality interiors. Known for our elegance and warmth, we define and create unique living and working experiences by incorporating functionality with timeless, modern minimalist design concepts. For more information, visit http://durukandesign.com/.

CONTACT: Karen Marotta PR Manager, Greystone 212-896-9149 KMarotta@Greyco.com

Source: Greystone