Arabella 101 50% Leased in Two Months

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Exciting Alphabet City Lifestyle with Landscaped Roof Garden, Gym and Roomy Apartments

The Dermot Company

The Dermot Company

“Great value, spacious apartments with high quality finishes, terrific amenities, and superior views all make Arabella a popular choice for renters.”
-Wayne McClanahan

In less than two months since The Dermot Company announced the launch of leasing at Arabella 101, the 12-story building is 50% leased. The Alphabet City residence has also introduced its landscaped roof deck complete with a working grill, plentiful seating and year-round plantings. Designed by Cutsogeourge Tooman & Allen Architects, Arabella 101 is on track to receive LEED Gold certification by the U.S. Green Building Council.

“We are thrilled by the reaction we have gotten at Arabella 101,” said Wayne McClanahan, who is leading the in-house leasing efforts. “Great value, spacious apartments with high quality finishes, terrific amenities, and superior views all make Arabella a popular choice for renters.”

The 78-unit building offers a mix of studio and one-bedroom apartments on the upper nine floors. Each home features a gourmet kitchen complete with custom cabinetry, stainless steel appliances, bamboo flooring, large windows, designer bathrooms, individually controlled air conditioning and heat, video intercoms and plentiful closet space. Many of the units have private terraces and balconies.

All residents have access to a host of on-site amenities including a virtual doorman, fully-equipped gym, game room, laundry facilities, bike storage, and the roof deck which offers beautiful views of lower Manhattan and the East River. Rents in this beautiful, modern building started at $2,400 per month for studios and $2,950 per month for one-bedrooms.

In addition to its rental units, the mixed-use property includes 4,700 square-feet of retail space along the avenue. Half of the retail space remains available to lease. Interested parties should contact Besen Retail at (212) 213-6480. The building is also home to the Lower Eastside Girls Club headquarters which will be the first and only Girls Club facility in New York City.

For more information on the residences at Arabella 101, call (646) 745-9779, visit http://www.arabella101.com, or visit the on-site leasing office located at 101 Avenue D.

About The Dermot Company, Inc.
The Dermot Company, Inc., based in New York City, was formed in 1991 as a real estate investment and management company focused on multi-family sector opportunities. The company has evolved into a fully integrated real estate company employing over 200 real estate professionals in investment, finance, management and development. Dermot currently manages nearly $1.5 billion in assets and owns or holds investments in more than 5,000 multifamily units. Follow The Dermot Company on Twitter @dermotcompany and connect on Facebook: http://facebook.com/thedermotcompany

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Samantha Feld
Rubenstein Associates, Inc.
212-843-9396
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Nancy Raia
Rubenstein Associates, Inc.
212-843-9331
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