News: Brokerage

Anbau Enterprises' Citizen at 124 West 23rd Street condominium sales re-launched

Anbau Enterprises, Inc., a New York City developer recognized for its environmentally-conscious and architecturally significant projects, has launched the of sales for the remaining 14 condominiums at Citizen. This is Anbau's latest residential property located at 124 West 23rd St., the crossroads of the Chelsea and Flatiron neighborhoods. "We are proud to re-open the sales office to the public with more than 50 percent of the units already sold in such a short period of time. We have had tremendous interest in the remaining apartments during the first week of sales," said Iva Spitzer, executive vice president of Corcoran Group. "With this successful milestone, we are presenting Citizen's design perspective to potential buyers as a unique opportunity to accommodate today's lifestyle." The 29-unit, 16-story condominium initially launched sales in April 2012. Within two months, more than half the condominiums were sold. The current availability of two-bedroom apartments and full floor residences offer outdoor spaces with private terraces and balconies. Natural light, double-filtered fresh air and active exhaust systems are part of every environmentally sophisticated residence. High-performance sound attenuating windows showcase captivating Manhattan views while maintaining quiet contemplative spaces. Each home incorporates built-in, state-of-the-art appliances and warm, high-quality finishes. Among Citizen's amenities are a 24-hour concierge, bicycle storage and a gym. As construction at Citizen is completed, buyers have the opportunity to purchase and move right in. "We are extremely proud of Citizen's initial reception within the community," said Stephen Glascock, president of Anbau Enterprises. "We set out to establish a new standard of urban living as a result of people's heightened desire to live in a fresh, beautifully designed space. People want to live in cities, but they also want to live healthy. Citizen is a perfect solution." The exterior of Citizen is outfitted with custom hand-crafted brick and terracotta. BKSK Architect's vision for Citizen was to incorporate all the best architectural aspects of the neighborhood while promoting healthy and energy efficient innovation. The building, which anticipates LEED Gold certification, pushes the envelope of by utilizing high-performance healthy building systems and energy saving materials. The addition of larger closets, more natural light and operable windows tied up in a neat package enhances the quality of life for all residents. Citizen is located in one of the City's most coveted neighborhoods. In recent years, the area has experienced a cultural revolution, sprouting an array of art galleries, restaurants, marketplaces, boutiques and theaters. Google moved in, as well as a host of other tech outfits. It is the hub for techies, and offers a great lifestyle for those who want to walk (or bike) to work. The building sits between Madison Square Park to the East and the former the High Line, to the West. Access to the 1, 2, F, M, N and R subway lines, as well as the PATH train and cross-town buses are just steps away from the building.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.