Fillmore To Celebrate Success Of MeadowWood Gateway Condos
August 20, 2009
Underscoring the tremendous success it has achieved as the exclusive sales agent for MeadowWood at Gateway (www.meadowwoodgateway.com), Fillmore Real Estate, New York City's largest privately-owned and operated residential real estate firm, has announced that the project is now more than 33 percent sold. In sharp contrast to the slowdown reported by many in the industry, MeadowWood—which is Brooklyn's largest affordable condominium complex— has reached a number of milestone sales achievements in 2009, including being named the year's number one selling project in Brooklyn, according to the August 2009 edition of The Real Deal.
Describing MeadowWood's remarkable sales, Fillmore Director of Sales & Vice President Jean-Paul Ho says, "Prices rose three times in 2008 and remained steady in 2009, which attests to the strong investment value of the building's more than 1,100 units. While many complexes sit empty, we have 60 homes in contract since January, and a waiting list for several units."
In celebration of MeadowWood's achievements, the management is hosting a Family Day on Saturday, August 22nd, from 12:30 p.m. to 4:00 p.m. The event is open solely to residents, who are invited to stop by to enjoy food and refreshments, rides, entertainment and a chance to win prizes.
"This project is made special by the people who live here," says Ho, who notes that working and middle-class families, such as teachers, firefighters and union workers, many with an average income of $63,000, comprise the majority of sales. "Family Day is a way for us to give back to the community and to thank them for making MeadowWood the success that it is."
To assist first-time buyers, Fillmore Avenue L sponsors free homebuyer seminars that expose attendees to a number of grants and low-interest loans from which they can benefit. Ho says the classes have been averaging 80 to 100 attendees per session. Those who complete the seminar are fully prepared to purchase a home. The seminars are held every other Saturday at MeadowWood.
MeadowWood at Gateway's sales office is located at 12205 Flatlands Avenue. It's open Monday—Friday from 9:00 a.m. to 9:00 p.m., and 10:00 a.m. to 7:00 p.m. Saturdays and Sundays. Call 1-888-255-9886 for information on MeadowWood and Fillmore's homebuyer seminars.
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