Douglaston Development, Montagu Square Development Release Final Penthouse at TriBeCa’s Zinc

By Erika Schnitzer, Associate EditorNew York–Douglaston Development and Montagu Square Development have announced the release of the final penthouse at TriBeCa’s Zinc, a 21-unit loft condominium.“It’s two units marketed as one,” explains Matt Feldman, vice president, Douglaston Development. “We held it off the market and sold the rest of the units off the plans, but we didn’t feel the buyer would get a full appreciation of what the building would look like, so we held back that last penthouse.”Completed in June, Zinc is located on a freestanding site–which is uncommon in New York City. Douglaston decided it wanted a unique design, and because of its relatively small size, it’s a “small gem on it’s own freestanding island,” notes Feldman. The project, he explains, has a modern design with a glass window wall. “To take advantage of the views–even though we have a triangular site–the building has five exposures,” Feldman tells MHN.The seven-story full-block building, designed by GreenbergFarrow Architects, offers floor-to-ceiling windows, Wenge wood flooring, 11-ft. ceilings and expansive entry galleries. Additionally, residents have access to a full-time attended lobby; eDesk, which connects them to the front desk via email; a fitness center; refrigerated storage; and individual storage spaces.Residences range in size from 900 to 2,767 sq. ft. for the penthouse. Average pricing is $1,200 per sq. ft.The four-bedroom, three-and-a-half bath duplex loft penthouse has been listed for $5.5 million. There is an additional 3,000 sq. ft. of outdoor space, including a wrap-around terrace on the first floor and roof access on the second. The residence may be enlarged with an additional 885-sq.-ft. loft.While Feldman admits that closing on the penthouse may be slower due to the financial crisis, he says there are still plenty of interested buyers. Due to the property’s location north of the historic district of TriBeCa, it is the only new construction in the neighborhood, Feldman notes. Additionally, “buyers taking advantage of TriBeCa’s public school system was a huge selling point.”