Cliffside Park, NJ — One Park, one of Cliffside Park’s highest end luxury condo developments has rolled out new initiatives to help prospective buyers take advantage of what it calls “unprecedented” low interest rates. With recent cuts to interest rates creating an opportunity for many first time homebuyers to find their dream home or existing homeowners to upgrade their lifestyle, One Park’s goal is to make its elite residences available to all who desire the luxurious lifestyle that they offer.
As part of their initiative, One Park has announced that it will be covering the costs of two of the pricier aspects of purchasing a home. The closing costs for One Park purchases will be covered by the development for up to 4% of the purchase pricing. Additionally, brokerage fees will be covered by the development. For brokers making first sales in the building, 4% brokerage fees will be paid by One Park. For brokers with second or more sales, a 5% brokerage commission will be covered. With one bedroom condos in the One Park starting at $500K, the savings on closing costs and brokerage fees will be significant, in addition to immensely smaller mortgage payments with current lending rates. One Park’s developer, DMG Investments, believes that combining this program with historically low borrowing rates will enable buyers to find the condo they truly desire. Further, with 2020’s volatile stock market performance, DMG believes that it has never been more important to make alternative asset classes, such as real estate, available to potential investors.
One Park, the premiere luxury condominium development located in Bergen County’s Cliffside Park, offers fourteen stories with two hundred four upscale units featuring expansive views of the New York City skyline and Hudson River. Units offer spacious living arrangements featuring from one to four bedrooms and up to 2,983 square feet of living space. Interior spaces boast gourmet kitchens with chef-caliber appliances, sanctuary-like bedroom suites, and spa-inspired master suite baths. One Park is a recognized leader in world class architecture and dramatic views in the Bergen County community.
One Park residents enjoy privileged amenities and a short commute to and from New York City. With amenities that rival New York City luxury buildings, including an outdoor movie theater, fitness center, golf simulator, children’s playroom, and pet spa, residents want for nothing. One Park residents have attentive twenty-four-hour doorman service and two options to accommodate their automobiles, including the recent addition of a luxury vehicle garage designed explicitly for low chassis vehicles like the Lamborghini and Ferrari. A resident-only shuttle service is also an option.
About DMG Investments
Headquartered in New York City at 100 Wall Street, DMG Investments LLC (“DMG”) was established in 2013 as the US subsidiary of DoThink Holding Group, a well-known real estate developer in China.
DMG focuses on real estate acquisitions, development and management as well as financing. Leveraging the expertise of a team of dedicated real estate professionals with decades of experience creating and adding value for investors, DMG has amassed a portfolio of best-in-class assets across the US in dynamic markets in New York, New Jersey, Texas, Tennessee, Wisconsin, and South Carolina.
As the portfolio continues to grow, DMG is dedicated to providing amenities and services that enhance the livability of each project be it in the student housing, traditional multifamily or condominium sector. In the years to come, the goal of DMG is to become a global real estate enterprise with a world-class reputation for sustainable development and a business philosophy that emphasizes the importance of delivering value for investors, owners and residents.