THE LAUREL REPORTS $23MM IN FEBRUARY SALES

NEW YORK, NY – March 7, 2012 – (RealEstateRama) — The Laurel Condominium, located on the Upper East Side, reports brisk activity with over $23 million in sales in February. The building is experiencing tremendous interest, especially on the two and three bedrooms that have garnered prices of over $2,000 per square foot. The rapid February sales are attributed to The Laurel’s elegant design, unique amenity offering and the limited availability of Upper East Side new development properties. With one and four bedrooms sold out, the remaining inventory includes high floor two and three bedrooms with 10 foot ceilings and with expansive city views from floor to ceiling windows priced from $2,900,000.