Apartments in The Pointe, a 57-unit development in St. George, are back on the market under a new owner at greatly reduced prices. A sister 101-unit project is still in foreclosure

A long-stalled condo project in St. George, Staten Island, is back in gear. Meadow Partners, the new owners of The Pointe, a 57-unit development near the Staten Island Ferry at 155 Bay St., recently re-launched the project. And in just one week of showing the building, two units have already gone into contract, according to Angela Ferrara, vice president of sales at The Marketing Directors, which is the exclusive sales and marketing agent for the development.

“The property was fully operational and the only work that needed to be done was a cosmetic update to the lobby and corridors,” said Ms. Ferrara, adding that the building was about 95% done when Meadow Partners took over. “They just had to put the final finishing touches on the property.” READ MORE  …

About the Staten Island Board of REALTORS®

The Staten Island Board of REALTORS® (SIBOR) is the largest not-for-profit trade association in Staten Island, N.Y.

SIBOR exists to enhance the ability and opportunity of its members to conduct their business successfully and ethically; and to promote the preservation of the public’s right to own, transfer and use real property.

Comprised of over 1,600 members, SIBOR serves real estate agents, brokers and affiliated professionals throughout the borough and surrounding areas.

SIBOR is the provider of the Staten Island Multiple Listing Service Inc. (SIMLS), which works as a clearinghouse through which more than 250 local real estate firms exchange information on properties they have listed for sale. Together, its members participate in over 3,000 real estate transactions every year.

All SIBOR members belong to the New York State Association of REALTORS® (NYSAR) and the National Association of REALTORS® (NAR).

SIBOR may be reached at 718-928-3220 and visited online at www.siborrealtors.com.

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