Eastern Consolidated, a New York real-estate investment firm, announced last week that it was marketing 6.5 acres of undeveloped residential land that it expects to be turned into a planned development called "Whitestone Jewels Luxury Homes." The development will consist of 55 newly constructed homes that will range in size from 2,500 square feet to 2,915 square feet."This offering represents an exceptional opportunity to acquire a prime development site in the heart of Whitestone with exceptional water views of the East River," said Azita Aghravi, a senior director with Eastern Consolidated. "The Throgs Neck Bridge and the Whitestone Bridge are both visible from the site, while the surrounding neighborhood is mostly comprised of newly renovated homes and recently constructed mansions exceeding $1 million in value."The land is located at the corner of 150th Street and 6th Avenue, is currently undeveloped and buffets Powell's Cove Boulevard to the north. Eastern Consolidated did not disclose the list price of the property and said the site will be delivered to the buyer vacant. A projected construction date will be determined after the sale is completed.Eastern Consolidated said the development is expected to be built in six phases and the firm has already secured city approval for the construction of sidewalks and a new road and a cul-de-sac to be included in the project. Eastern Consolidated said it also expects a fence and gate to surround the perimeter of the property. For more information about the pending sale, contact Aghravi at Eastern Consolidated at 212-499-7700.Reach reporter Stephen Stirling by e-mail at Sstirling@
©2008 Community News Group
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