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Hello Living Announces Acquisition of Bronx Development Property

November 28, 2018

NEW YORK--(BUSINESS WIRE)--Nov 28, 2018--Hello Living, a full-service real estate development firm based in Brooklyn, announced today the purchase of 1049 Washington Avenue in the South Bronx. This marks Hello Living’s second development and acquisition outside of the Brooklyn borough.

Located in the Morrisania section of the Bronx, 1049 Washington Avenue will be reintroduced as a 104-unit condominium building, featuring 74,896 square feet of residential space, 48,364 square feet of community facilities, and 27,065 square feet for retail space. ND Architecture & Design, a full-service architectural firm founded in 2004 by Nataliya Donskoy, is the architect of record.

“Hello Living is excited to continue Building Stories in new boroughs, and through the acquisition of 1049 Washington Avenue, Hello W marks a new chapter for us in this dynamic Bronx neighborhood. Each of our projects are unique, with components that are tailored to the Hello Living brand, including light-filled apartments that maximize the square footage of both the indoor and outdoor spaces,” said Eli Karp, CEO and Founder of Hello Living. “This property is an optimal location, in an energetic part of the South Bronx, and we look forward to becoming a part of this vibrant, diverse neighborhood.”

Each residence, from studios to four bedrooms, will feature triple-pane windows and doors, stainless steel appliances, and Hello Living’s signature floor-through units with front and back terraces, which epitomize “Indoor Outdoor Living”. Accessible via the 2 and 5 subway lines and Metro-North, in tandem with the Bx6 and Bx15 buses, 1049 Washington Avenue is a 35-minute commute to Midtown Manhattan.

About HELLO LIVING : Founded in 2005 by entrepreneur and Brooklyn native Eli Karp, Hello Living is a full-service locally based real estate development group with a global perspective, focused on building structures and communities that transcend geography, and bridge the gap between old and new neighbors alike. Under Eli’s leadership, Hello Living has developed 13 projects to date throughout Brooklyn, with additional developments in the pipeline throughout New York City. Hello Living’s vision is to honor the foundation of the past while transforming new dreams into thriving realities, by contributing beautiful and unique properties to New York City’s architectural history and landscape. Hello Living’s properties are energy-efficient and designed to maximize the price per square foot, while remaining affordable and attractive to residents. For more information about Hello Living, please visit:

View source version on businesswire.com:https://www.businesswire.com/news/home/20181128005227/en/

CONTACT: For Investor inquiries:

hello@helloliving.com

For Media Inquiries:

Kelly Ferraro, KAF Communications

kelly@kafcomms.com| 646-275-7040

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: ARCHITECTURE INTERIOR DESIGN URBAN PLANNING CONSTRUCTION & PROPERTY RESIDENTIAL BUILDING & REAL ESTATE

SOURCE: Hello Living

Copyright Business Wire 2018.

PUB: 11/28/2018 05:00 AM/DISC: 11/28/2018 05:01 AM

http://www.businesswire.com/news/home/20181128005227/en

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