5th on the Park Signs Most Contracts in Harlem in 2011

New York, NY – February 1, 2012 – Halstead Property Development Marketing today announced that 5^thon the Park, a new, full-service residential high rise on Upper Fifth Avenue, signed a total of 41 contracts throughout 2011, the most out of any new development property in Harlem.

Halstead Property Development Marketing represented seven of the top 10 new developments with the most contracts signed in Harlem in 2011, including runner-up 88 Morningside with 38; followed by 2280 FDB with 31 and PS90 with 30. Gateway Towers, Windows on 123 and Parkside Flats made up the final three with 17, 13 and 12 signed contracts respectively.

“This data reflects the value many buyers see in 5^th on the Park,” said Stephen G. Kliegerman, president of Halstead Property Development Marketing. “With the combination of a first rate sales team and thedevelopment’s intelligent design, luxurious amenities and prime location, we expect to maintain a brisk sales pace in 2012.”

Located at 1485 Fifth Avenue, 5^th on the Park is a 28-story shimmering glass tower on the corner of 120^th Street directly across from historic Mount Morris Park. The remaining units consist of spacious studios, one, two, three and four-bedroom apartments, many with private outdoor space, ranging in size from 568 to 2,386 square feet and in price from $395,000 to $1,725,000. Immediate occupancy is available for purchasers.

5^th on the Park provides residents with the pinnacle of amenities, including a state-of-the art gym and a 55-foot indoor, heated lap pool, which have an adjacent outdoor terrace and sun deck overlooking Central Park and the Manhattan Skyline. For further relaxation and entertainment, there is an additional outdoor common terrace, entertaining areas and resident lounge with catering kitchen, as well as a children’s playroom. The development also provides a 24-hour concierge service, on-site, elevator-accessed valet parking and bicycle storage.

Homes at 5^th on the Park combine striking interiors with the finest materials to provide a harmonious living space.  Each pet-friendly residence features five-inch engineered cherry wood floors; 9’ to 10’ 6’’ ceilings; floor-to-ceiling double-paned windows; a washer and dryer in each unit; custom designed closets; and central air conditioning.

Italian designer kitchens are purpose-built for everything from everyday meals to entertaining with style.The chef-inspired spaces feature:  GE Monogram and KitchenAid stainless steel appliances; absolute black granite countertops and flooring; European cherry wood cabinets with frosted glass accents; task lighting; under-counter stainless sinks; sleek Kohler fixtures; bar-style counters; and distinct dining areas. Baths are highlighted by: honed cream-colored marble floors and walls; soaking tubs; and glass-enclosed showers.

The top 10 properties with the most signed contracts in Harlem in 2011 are: 5^th on the Park at 1485 Fifth Avenue with 41; 88 Morningside at 88 Morningside Avenue with 38; 2280 FDB at 2280 Frederick Douglass Boulevard with 31; PS90 at 220 West 148^th Street with 30; Apex at 2300 Frederick Douglass Boulevard with 23; Pascal at 333 East 109^th Street with 22; Embelesar 118 at 152 East 118^th Street with 19; Gateway Towers at 2098 Frederick Douglass Boulevard with 17; Windows on 123 at 117 West 123^rdStreet with 13; and Parkside Flats at 362 St. Nicholas Avenue with 12 signed contracts.

For floor plans or information regarding listings, please visit: http://www.halsteadpdm.com or http://www.5thonthepark.com/.  To make an appointment, please call: (212) 348-5353.