DeMatteis and Mattone Find Success with Luxury Apartments in NYC
Co-developers the DeMatteis Organizations and the Mattone Group have sold over 80 percent of its Upper East Side luxury high-rise community Azure, with fewer than 17 residences remaining—all Tower Residences, which are the high-floor homes with sweeping NYC views.
By Keith Loria, Contributing Editor
New York—Co-developers the DeMatteis Organizations and the Mattone Group have sold over 80 percent of its Upper East Side luxury high-rise community Azure, with fewer than 17 residences remaining—all Tower Residences, which are the high-floor homes with sweeping NYC views.
Located at 333 East 91st St., Azure offers two-, three- and four-bedroom residences, priced from $1,742,000 to $13,520,000.
“With the lack of new construction inventory and spacious layouts—especially on the Upper East Side—it’s no wonder we’ve had a strong sales velocity over the last quarter,” Douglas MacLaury, senior vice president of real estate development at The Mattone Group, says. “One of the greatest assets we have in today’s marketplace is the capability to quickly combine customized residences into 3,000-square-foot, four-bedroom and 4.5-bathroom homes. We have just completed construction of our 25th customized four-bedroom home.”
The building is located close to Asphalt Green, Carl Schurz Park, the 92nd Street Y and a number of the Upper East Side’s most popular restaurants and shops. Whole Foods, which is scheduled to open in early 2014 at 1551 Third Ave., will also be nearby.
Building amenities include a state-of-the-art fitness center, two rooftop terraces, a residents’ lounge and dining area, children’s playroom and teen game room. The building also offers two bike storage areas.
Units contain rich Brazilian Afromosia flooring, floor-to-ceiling windows with panoramic East River and City scape views. Generous kitchens feature white oak cabinetry and Viking Professional appliances. There’s also porcelain bathrooms and massive closet spaces in the bedrooms.
“Azure offers unparalleled value with expansive layouts and designs that appeal to our buyers as our capacity to easily combine units has been well received by the market,” John Caiazzo, The DeMatteis Organizations’ vice president of real estate development, said. “We anticipate reaching 100 percent sold before the end of the year and suggest that potential buyers take advantage of the low interest rates provided by Wells Fargo, Chase, Citibank and HSBC, our preferred lenders.”
Douglas Elliman Development Marketing is handling the sales of Azure’s remaining apartments.