The sales center is located at 777 N.E. 62nd St., Building C. Majestic Properties is the project's exclusive sales agent. Nirvana is being developed by Midtown Equities of New York, represented by president Dan Pfeffer and Jack Cayre, and Michael Samuel of Samuel & Co. Renovations are under way, and delivery is expected as early as March.

The project offers studios, one- and two-bedroom units that range from 570 sf to 1,089 sf. Prices begin in the mid-$100,000s, with up to 97% financing offered through HSBC.

"We are fulfilling the demand for safe and affordable housing in the area," Pfeffer says in a statement. "Nirvana represents a well-priced option for urbanites who want the convenience of being close to work but the tranquility of a residential suburb."

Amenities planned include a fitness center, two tennis courts, two pools, volleyball courts and state-of-the-art security with a 24-hour manned guard house and controlled card access. Inside features include modern Italian kitchens with stainless steel appliances, granite countertops and private terraces.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.