Azure Welcomes First Move-In

NEW YORK, Sept. 14 /PRNewswire/ -- Today marks the first occupancy at the Azure; the 34-story luxury residential building nestled in Manhattan's Upper East Side. The move-in reflects the first of 30 contracts to close shortly.

(Photo: http://photos.prnewswire.com/prnh/20100914/NY64602)

(Photo: http://www.newscom.com/cgi-bin/prnh/20100914/NY64602)

"We are thrilled to announce the first move-in, as it represents an important milestone in the successful development of this building," said Douglas Maclaury of the Mattone Group based in Queens that co-developed the project alongside The DeMatteis Group. "The first move in, simultaneously with the completion of construction and immediate financing for home purchasers has resulted in a number of recent sales.  This is evidence that the quality of the building a has become known to the market and it is being fully embraced by purchasers," added The DeMatteis Organization's Vice President John Caiazzo.

"I love my new home," said the new resident.  "The details of the design of my home, the high ceilings and floor to window windows make for a very open spacious feel. There is plenty of closet space.  It's just an ideal location for me with CarlSchurzPark within walking distance.  I can also get to Long Island quickly where I frequently visit family and friends.  Since I moved in I have been taking advantage of the buildings luxurious amenities particularly the roof deck at sunset."  

"27 second quarter contracts set a record for Azure, with 7 additional contracts out for signature in the last month, we expect to see generous additional sales in the third and fourth quarter," says Ilan Bracha, Managing Director at Prudential Douglas Elliman and founder of The Bracha Group. "Buyers recognize Azure's stand-out offerings, such as the quality of the building and its finishes, the wonderful amenities, and then when they see the view and its location, well, they have their decision."  The Azure team speculates the ability to move in immediately, the opportunity to get immediate financing and that the lack of supply of high quality new construction inventory on the UES have been major contributors to a soaring sales velocity. 

HSBC offers financing for Azure at up to 80% of the loan value – an opportunity that allowed five recent home-buyers to secure loans and prepare for their move in immediately.

All residences come complete with floor to ceiling windows, Brazilian Afromosia flooring Viking stoves and refrigerators as well as Bosch washers and dryers. The 128 residences range from 600 square-feet studios to 3,000 square-feet 4 bedrooms, and two penthouses that combine to over 5,000 square-feet of luxury space.  

With 6,300 square-feet of amenity space – including a children's playroom, game room, lounge and event space, private dining facility and catering venue, fitness center, and two landscaped roofs – the space draws single, professional residents up through families from rural, suburban, and urban areas.  Also offered is a 24-hour concierge and valet service, live-in resident manager, Fresh Direct cold storage facility, and free bicycle storage. 

Azure is located among top-tier outstanding public and private educational facilities, museums, fine dining and parks. All residents have easy access to, the Metropolitan Museum of Art, Eli's Vinegar Factory, and CarlSchurzPark.

For additional information, please visit www.azureny.com.

About the Owner/Developer

Azure is a joint venture between The Mattone Group and The DeMatteis Organizations.

The Mattone Group is a Queens-based development and construction company headed by Mr. Joseph M. Mattone Sr., responsible for notable properties such as Roosevelt Raceway, a $100,000,000 power retail center, the $28,000,000 Pathmark shopping center in South East Queens and the $80,000,000 JamaicaCenter.  Mr. Mattone owns and manages over 30 properties totaling over 2,000,000 square feet.

The DeMatteis Organizations is a family-owned group of companies with a 90-year track record in the real estate industry.  Led by brothers Richard and Scott DeMatteis, DeMatteis has participated in a wide variety of large-scale projects and its diverse capabilities include development, property management, general contracting, construction management, interior construction and renovation. From luxury high-rise apartments and multifamily housing to many of our area's most advanced office developments (EAB Plaza) and civic projects (Frank Sinatra High School for the Performing Arts and United States Mission to the United Nations), DeMatteis has also developed a number of signature international projects.

SOURCE Azure NY