Waterbridge 47 in Brooklyn's DUMBO Neighborhood Almost 60 Percent Sold

NEW YORK, April 27, 2015 (GLOBE NEWSWIRE) -- Greystone, a New York-based real estate development and financial services company, today announced that Waterbridge 47 is approaching 60 percent sold. Waterbridge 47 is a new and upcoming boutique condominium development in Brooklyn's historic Vinegar Hill / DUMBO neighborhood at the corner of Bridge and Water Streets. Exclusive Marketing and Sales of the building's 25 total units 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 include a private, glass-enclosed 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.

"We're thrilled about the progress for both sales and construction on Waterbridge 47," said Jeffrey Simpson, head of Greystone Property Development. "Prospective buyers can feel confident they will receive a luxury product when promised, and one that offers unmatched amenities in one of the most sought-after neighborhoods in New York City."

Waterbridge 47 features two- and three-bedroom homes including two Penthouses with wraparound terraces. All residences feature solid Ash Antiqued plank wood flooring; marble countertops; stainless steel appliances; white lacquer and glass finishes in the kitchens; and in-unit laundry machines. Select residences offer private patios and balconies, and private roof terraces. Units range in size from approximately 973 sq. ft. two bedrooms to more than 1,200 sq. ft. three bedrooms, with prices for remaining units starting at approximately $939,750 to $2,315,000.

"We are seeing a 50 / 50 in our demographics between current DUMBO residents looking to upgrade to a true two- or three-bedroom apartment, and Manhattanites really drawn to our amenities such as the private wine cellar and tasting room and the children's playroom, as well as the finishes and what they see as an opportunity to live in a very unique neighborhood at a fraction of the cost of a new development condominium in Manhattan," said David Maundrell, president and founder of aptsandlofts.com. "This section of DUMBO has raw industrial charm which the neighborhood is known for, but is very quiet and has more of a tranquil living experience compared to other segments of the neighborhood."

Waterbridge 47 is expected to be complete in Fall 2015. For more information, visit www.Waterbridge47.com.

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.

CONTACT: Karen Marotta Director of Communications, Greystone 212-896-9149 KMarotta@Greyco.com

Source: Greystone