Greystone’s City Island Condominium Project Reaches 75 Percent Sold Mark

NEW YORK, Oct. 11, 2016 (GLOBE NEWSWIRE) -- Greystone, a New York-based real estate development, lending and advisory company, today announced that “On the Sound,” a newly constructed waterfront residential development on City Island, is now 75 percent sold. Perched upon five waterfront acres at 226 Fordham Place, On the Sound boasts 43 townhome-style condominiums within a private gated community. McClellan Sotheby’s International Realty, led by Sona Davidian, is exclusively handling sales for the community.

On the Sound features two-, three- and four-bedroom homes ranging in size from 1,407 square feet to 3,345 square feet with both private garage and driveway parking for each unit. Designed by Kutnicki Bernstein Architects, all units feature gas fireplaces, Carrera white marble accents, GE Profile stainless steel appliances, hardwood flooring and walk-in closets. Prices for the remaining available units range from approximately $718,000 to $968,000.

“Our goal is to create a truly one-of-a-kind community with elegant finishes, open water views and an intimate neighborhood feel – something that’s hard to find in the five boroughs,” said Jeffrey Simpson, head of Greystone Development. “On the Sound is a truly unique addition to the City Island area,” he added.

On the Sound units offer residents either a spacious private garden or elevated terrace. The community’s private amenities include a clubhouse with elevated terrace, outdoor pool, playground, and fitness center. Just outside the gated community is a new esplanade, providing beautiful vistas of the Long Island Sound and environs.

“The property is drawing in a mix of buyers ranging from current City Island residents, to downsizers from Westchester looking for condo living, to residents from the surrounding New York City area,” said Davidian. “This gorgeous waterfront community is surely going to be the jewel of one of the most unique and distinctive neighborhoods in NYC.”

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About Greystone Development
Greystone is a real estate lending, investment and advisory company headquartered in New York. Its development group has acquired, repositioned and developed more than $2 billion worth of properties nationwide, specializing in boutique luxury rental and condominium residences and prime quality commercial spaces in cities including New York City, Miami and Palo Alto. For more information, visit

About McClellan Sotheby’s International Realty
Established in 1878, McClellan Sotheby’s International Realty is one of Westchester’s oldest, largest and most successful real estate companies, with a local market share over 40%. In 2008 it became affiliated with the prestigious Sotheby’s International Realty brand providing the company with the most comprehensive and individualized marketing opportunities and global relocation resources unrivaled by regional or national brokerage houses. The firm, which specializes in the sale and rental of single family, multifamily, condo and co-op apartments, also provides property management, estate appraisals and staging services. For more information, visit

PRESS CONTACT: Karen Marotta Greystone 212-896-9149

Source: Greystone