Market Overview

The Dermot Company's Arabella 101 85% Leased


Luxe Alphabet City Rental dees durge in leasing activity.

New York, New York (PRWEB) October 26, 2012

The Dermot Company, developer and manager of the 12-story residential building, Arabella 101, is pleased to announce that the building is now 85% leased. This marks another milestone for the Alphabet City residence, which just launched less than two months ago, and recently unveiled its landscaped roof deck.

“We are so pleased by the instant success we have gotten at Arabella 101,” said Wayne McClanahan, who is leading the in-house leasing efforts for Arabella 101. “Renters have been attracted to the unbeatable value they are offered in an exciting neighborhood, as well as the spacious apartments with high quality finishes, and a host of amenities.

Arabella 101 includes a mix of studio and one-bedroom apartments on the building's upper nine floors, containing expansive windows, designer bathrooms, bamboo flooring, tenant-controlled air conditioning and heat, video intercoms and generous closet space.

A virtual doorman, game room, fully-equipped gym, laundry facilities, and bike storage are part of the amenity package offered to all residents. Residents also have access to the landscaped roof deck which offers picturesque views of lower Manhattan and the East River, and contains a grill, plentiful seating and a plethora of year-round plantings.

Remaining rents start 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, 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

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