Riverdale’s Solaria development offers news

Although I’m certainly on the Solaria’s blacklist after continually writing truthfully about the dismal auction of 54 condos last November, I nonetheless was the recipient today of an e-mail blast to real estate brokers.

With a photo of developer Joseph Korff in front of the sleek building in the Riverdale section of the Bronx, the press release proclaims: “SOLARIA IS FHA APPROVED.”  It goes on to say:

“Close on the heels of the success of our recent Fall [sic] sales campaign, we have achieved another milestone – FHA approval.  In response to the needs of the market, FHA approval is designed to enable greater financing options to our clients who can now obtain mortgages guaranteed by the FHA from any lender originating FHA loans.”

What the release fails to note is that the highest FHA loan limit anywhere and in New York City – including the Bronx, I’m pretty sure – is $729,750.  Only one of the nine units listed as available on the Solaria Web site falls under that ceiling, however.

Since my last post on the Solaria, the development’s listings have disappeared from OLR, the broker database of most of the active listings in the Big Apple.

As I wrote in that post, neither I nor a friend of mine have been able to learn from the sales office exactly which of the original 65 units remain on the market.  I’m guessing the only way to find out is to show up in person.

I, for one, have no intention of making the trip, which I understand includes a long hike from public transportation.

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Malcolm Carter
Licensed Associate Real Estate Broker
Senior Vice President
Charles Rutenberg Realty
127 E. 56th Street
New York, NY 10022

M: 347-886-0248
F: 347-438-3201

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One thought on “Riverdale’s Solaria development offers news

  1. There’s a bus stop right in front of the Solaria for the convenience of your return trip. Oh you just must come up and visit. The Bx 10 or Bx 7 will take you from the 231 St. Station of the 1 train to the vicinity of the Solaria, from there just a short walk to a street level overpass above the Henry Hudson Parkway and then a little more walking. Neighborhood shopping? A nice healthy walk to the Key Food.


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