NEW YORK, NY – November 2, 2011 — ADG Langsam and Halstead Property Development Marketing today announced that 75% of the units are sold or under contract at ONE48, a new residential development located at 148 East 24th Street in the Gramercy area of Manhattan.

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GRAMERCY - The new building at 148 East 24th Street is part robot and all glassy—and it's been slow to get going since its initial kick-off in 2008. Good thing we love a comeback story! The building was more than half sold as of late September. Make that 75 percent sold. Can any of the buyers comment on the therapeutic value of that automated parking garage?

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GRAMERCY - New-to-the-ballgame condo development ONE48 is 51% sold after 16 weeks on the market, according to brokers at Halstead. The glassy 14-story building with a robot heart has 27 of the 55 units remaining, with studios, one- and two-bedroom units ranging from $599,000 to $899,000.

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Over 50 percent of the units at ONE48, a newly launched condominium at 148 East 24th Street from developer ADG Langsam, are either closed or in contract after just four months on the market, ADG Langsam, a partnership between Langsam Property Services and the American Development Corporation, announced yesterday.

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GRAMERCY - Remember One48? It's the 148 East 24th Street tower—once feared lost to the recession—with a robot parking garage that parks cars in "synchronized movements considered therapeutic in comparable buildings." Residents can watch the parking process from the building's media room, and apparently prospective buyers are finding that appealing. The building is 20 percent sold, reps tell us. Twenty-seven contracts have gone out, and occupancy and closings are expected to start this fall.

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ADG Langsam and Halstead Property Development Marketing announced today that 27 contacts have gone out in just seven weeks at ONE48, a new residential condominium located at 148 East 24th Street. With 11 contracts fully executed, 20% of the building's units have been sold in just nine weeks on the market, signaling that the development's offering plan has been declared effective by The New York State Attorney General's Office.

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There's a unity of purpose and vision at ONE48 - thanks to its developers ADG Langsam. Unlike most developers, ADG Langsam has the advantage of vertical integration with its subsidiary brands Vasser and Shluss, two companies that produce high-end bath and kitchen fixtures guarenteeng a superior quality and more stylish look at ONE48.

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The developer of a new condo on East 24th Street has produced his own line of faucets and door handles to help distinguish his building from others.

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Sales have launched at the 55-unit condo developed by ADG Langsam. The building has studios, along with one- and two-bedroom units, ranging in size from 400 to 1,175 square feet. Prices range from $425,000 to $1.65 million, and the units have a 10-year, 421a tax abatement.

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Parking garages might never look the same again, that to a new, high-tech system that is surprisingly environmentally friendly. NY1's Real Estate reporter filed the following report.

An automated parking system is no longer a dream in an auto show or a fancy display trick at a car dealership, but is now the latest perk in luxury real estate.

"Automatic parking is the ability for a customer to drive in, take their keys, leave their car for the machine to park. It is a hands-free, person-free parking process," says Ari Milstein of Automotion Parking Systems.

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ONE48, a new condo building at 148 E. 24th St., was completed this year. Sales for the 14-story glassy building began at the end of May. The 55 units, ranging from studios to two-bedrooms, are priced from $425,000 to $1.65 million.

Kips Bay "has certainly gotten more family-oriented," said Perry Finkelman, the chief executive officer of American Development Group, which developed ONE48. "The stores are more upscale and in line with what I think the resident's needs are."

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ONE48 is a new 14 floor residential condominium in the Gramercy Park area featuring 55 units comprised of studios, one- and two-bedroom homes, ranging from 400 to 1,175 square feet in size and from $450,000 to $1,650,000 in price. Residences feature spacious layouts, white oak hardwood floors, large storage closets, floor-to-ceiling windows, and custom kitchen and bath elements.

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ONE48 Showcases Thoughtful Design and Artful Living

NEW YORK, NY, May 31 2011: ADG Langsam and Halstead Property Development Marketing today announced the launch of sales at 148 East 24th Street, a new residential condominium in the Gramercy Park area of Manhattan.

Located between Lexington and Third Avenues, ONE48 (www.ONE48ny.com) is a 14-floor development with 55 units comprised of studios, one- and two-bedroom homes ranging from 400 to 1,175 square feet in size, initially priced from $425,000 to $1,650,000 featuring an anticipated 10-year, 421-A tax abatement. Occupancy is expected to begin in fall 2011. The development launched sales today with the unveiling of a full floor of model units and an on-site sales office.

ONE48 is being developed by ADG Langsam. For the first time, ADG will highlight its subsidiary brands, Vasser and Schluss, two companies which produce high-end bath and kitchen fixtures, cabinets and tiles, in order to provide a higher quality and more stylish look that will further separate ONE48 from the competition.

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Despite city policymakers and environmentalists advocating against motor vehicles on Manhattan Island, several developers are betting that wealthy homebuyers still value their cars, the New York Times reported. And in a bizarre twist, three of the most notable new condominiums with parking stand along 24th Street.

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At No. 148, near Lexington Avenue, a condo called One48 is being co-developed by the American Development Group and Langsam Property Services. Sales start this week for the 15-story, 55-unit condo. It is adjacent to a 64-space garage that the developers have built fully automated — which means machines essentially lift vehicles and ease them into berths.

The garage, which opened in December, is public, but residents have the option of leasing spaces for about $375 a month, said Perry Finkelman, the chief executive of American Development. Studios at the condo start at $399,000.

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