NEW YORK (Business Wire EON/PRWEB ) November 14, 2007 -- In New York City, for just under a million dollars, you can get 99 Martinis-on-the-Rocks at the Algonquin, 84 nights in the Presidential Suite at the St. Regis, or almost four Manhattan parking spots -- 8' x 18' each -- at $225,000* a pop. You would certainly never expect to be able to buy a Duplex Penthouse in a full service luxury building with valet parking, a private terrace and sweeping views. However, it's still possible -- albeit the opportunity fleeting -- in the country's most expensive city.

Even when New York City values flattened out in the third and fourth quarter of 2006, they were still shooting skyward in this neighborhood and showed no signs of reaching a plateau

The Langston, www.thelangston.com, located in Harlem at 68 Bradhurst Avenue between West 145^th and 146^th Streets, offers the only luxury Duplex Penthouse on the market for less than one million dollars. "This is truly the last opportunity for attainable luxury in Manhattan," says Stephen Kliegerman, Executive Director, Halstead Property Development Marketing, LLC. "The Penthouse, the ultimate status symbol in NYC, is already scarce at $2 million, so to own a luxury duplex in a gorgeous full service building with every imaginable amenity for $960,000 is incredible."

The Duplex Penthouses at The Langston are approximately 1,330 sq. ft., consist of 3 bedrooms and 2 bathrooms, each with a private terrace and living room with a dramatic double-height, 18-foot glass wall atrium. The Langston's most expensive Penthouse is priced at $995,000 and features a 1,165 sq. ft. terrace with a bird's eye view of Yankee Stadium. Apartments boast gourmet kitchens with stone counters and stainless steel appliances, marble master bathrooms, Grohe bath and kitchen fixtures and LG combination washer/dryer.

"We have a range of buyers for the Penthouses -- singles who want a glamorous, impressive entertaining space, families seeking affordable luxury to raise their kids, Europeans using them as a pied-a-terre and young Wall Streeters who see the value in owning the kind of space that would be three times as much south of 96^th Street," says Sid Whelan, Lead Sales Agent for The Langston.

The Langston is the only full-service ground-up condominium on the market in historic Hamilton Heights that offers 24-hour concierge service, an attended garage, broadband wiring, 'green' valet for dry cleaning and tailoring services, and residents-only terrace and fitness club. What's more, Starbucks and a 20,000 sq. ft. New York Sports Club just opened new locations on the ground floor along 145^th Street.

"Even when New York City values flattened out in the third and fourth quarter of 2006, they were still shooting skyward in this neighborhood and showed no signs of reaching a plateau," says David Picket, President of Gotham Organization, Inc., the co-developer of The Langston. "Fortunately, our buyers are savvy enough to see the amenities offered at The Langston for such an unrivaled price and are excited to be buying ahead of the curve."

But with only 7 homes left for sale, interested buyers should act fast: "This is the only game in town, once The Langston sells out, a true luxury Duplex Penthouse for under $1 million in a new condominium will be non existent in the City," says Kliegerman.

The Langston was developed by a joint venture between Gotham Organization, Inc. and The Richman Group Development Corporation.

* in the basement of 246 West 17th Street, a 34-unit condo development

MULTIMEDIA GALLERY

http://www.businesswire.com/cgi-bin/mmg.cgi?eid=5545898

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real estate nyc apartment new york luxury penthouse luxury apartments harlem real estate halstead property gotham organization david picket langston

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