News: Brokerage

VE Equities receives TCO for 949 Park Avenue

According to VE Equities, formerly known as the Vella Group, 949 Park Ave., has received a Temporary Certificate of Occupancy (TCO). Only one triplex residence remains at the condo. The property was developed by VE Equities and designed by C3D Architecture. 949 Park Ave. is a 12-story, originally six-unit condominium comprised of a duplex, triplexes and a quadruple penthouse with a private roof. "949 Park Ave. is one of the few new luxury developments on the Upper East Side to offer full-floor living which has made buyers fall in love with this unique opportunity," stated Fredrik Eklund, managing director of Prudential Douglas Elliman, the exclusive sales and marketing firm on the development along with John Gomes and Leonel Piraino. "We anticipate the remaining three-bedroom plus library and four-and-a-half bathroom triplex residence priced at $6.75 million to sell quickly." Developed by VE Equities and designed by C3D Architecture, 949 Park Ave. is a 12-story, originally six-unit condominium comprised of a duplex, triplexes and a quadruple penthouse with a private roof. "With TCO and construction being finalized, the last residence will be ready for immediate occupancy which will be a key selling point," said Zach Vella, principal of VE Equities. "The Prudential Douglas Elliman team has done a great job with the project and can't wait for the sell-out of 949 Park Avenue." "The quality of construction is unmatched for the Upper East Side, and am confident that we will see numerous bids on the last residences," said Leonel Piraino, Fine Homes specialist of Prudential Douglas Elliman. "Every residence includes shimmering floor-to-ceiling glass windows, pin-drop quiet interiors, soaring ceilings, complete Crestron systems with automated shades, speakers in every room including the kitchen and bathrooms, white lacquer custom kitchens, SMEG appliances, Sub-Zero refrigerator, Bosch vented washer and dryer, radiant heat flooring, central air conditioning and a 421-a tax abatement."
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