Check out the new developments and conversions changing Brooklyn right now
251 First Street. An 11-story condo near Prospect Park with 44 two- to four-bedroom units and penthouses with private terraces. When completed, there will be a 15-year tax abatement. Amenities include a rooftop terrace with outdoor kitchen, fitness/yoga rooms, pet grooming stations, children’s playroom, part-time and virtual concierge attending the lobby.
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Many would argue that Brooklyn has been the borough of choice, real estate-wise, for the past several years. And Brooklyn love doesn't seem to be waning, at least for developers, many of whom have come in droves claiming empty lots, warehouses, and buildings and turning them into blockbuster properties. Here is a selection of new condo and rental developments and conversions coming to a Brooklyn corner soon:
An 11-story condo building near Prospect Park with 44 two- to four-bedroom units and penthouses with private terraces. When completed, there will be a 15-year tax abatement. Amenities include rooftop terrace with outdoor kitchen, fitness/yoga rooms, pet grooming stations, children’s playroom, part-time and virtual concierge attending the lobby.
Address: 251 First Street
Pricing: expected to start at $1.3 million for two-bedrooms
Opening/occupancy: sales launched this spring; project completion expected at the end of 2016
Developer/brokerage: Adam America Real Estate, Slate Property Group and Vanke U.S.; the Aguayo Team at Halstead Property
• Baltic
An 11-story, 44 unit boutique condo building in Park Slope. Amenities include on-site parking, a landscaped rooftop terrace with outdoor cinema and barbecue areas, residents’ lounge with private terrace, and fitness facility.
Address: 613 Baltic Street
Price: $920,000 to $3.6 million
Opening: Sales launched March 2016; opening third quarter of 2017
Developer/Brokerage: JDS Development Group; Corcoran Sunshine Marketing Group
• 610 Warren
A seven story, 31-unit condo building in Boerum Hill.
Address: 610 Warren Street
Prices: $950,000 to start for a one-bedroom plus home office
Opening/occupancy: Sales just launched; expected to open spring 2017
Developer/brokerage: Adam America Real Estate; the Aguayo Team at Halstead Property
A 21-story, 74-unit condo building in Boerum Hill with studios and one- to three-bedroom residences.
Address: 319 Schermerhorn Street, Brooklyn
Price: starting at $550,000 for studios and $800,000 for a one-bedroom
Opening/occupancy: Sales have begun; expected to open winter 2017
Developer/brokerage: Adam America Real Estate and the Naveh Schuster Group
A 33-unit condo Building in Boerum Hill.
Address: 509 Pacific Street
Price range: estimated to start from $1.5 million
Opening/occupancy: Sales launching soon
Developer/brokerage: Hopestreet Development; Halstead Property Development Marketing
• Waverly (pictured above)
A boutique development with 48 units ranging from studios to four-bedroom residences, many with private outdoor space. Full-service building amenities include lounge with adjoining second-floor terrace, landscaped roof terrace with skyline views, fitness center, bicycle storage, private storage and fully automated on-site parking.
Address: 500 Waverly Avenue
Pricing: starting from the upper $500,000s
Opening: Sales start in May 2016
Developer/brokerage: Orange Management; MNS
A 250-unit rental building, 50 of which are market rate. It features a 6,000-square-foot public terrace with planting gardens, two resident lounges, a 1,500-square-foot fitness center with separate weight room; a play room, lounge, screening room, laundry rooms on each floor.
Pricing: 2,750 per month for a one-bedroom up to $5,500 per month for a two-bedroom with outdoor space
Opening: Marketing just begain this past February
Developers: Acadia Realty Trust/Washington Square Partners and BFC Partners
• 1149 Bedford Avenue
A 12-unit condo building where each unit has outdoor space, building features parking and common roofdeck.
Pricing: $849,000 to $1.3 million
Opening: Sales launched in March
Developer/brokerage: NSDNY; the Corcoran Group
• 325 Henry Street
A four-floor condominium building in Brooklyn Heights with eight units made up of two- to five-bedrooms
Address: 325 Henry Street
Pricing: TBA
Opening/occupancy: Just launched spring 2016
Developer/architect/brokerage: Avery Hall Investments and OTL Enterprises, the Corcoran Group
• 946 Herkimer Street
A six-unit condo building in Bedford-Stuyvesant featuring a roof deck for the upper level and a backyard for lower level
Address: 946 Herkimer Street
Pricing: $400,000 to $725,000
Opening: Sales begin June 2016
Brokerage: The Corcoran Group
• 449 Evergreen Avenue
A four-story townhouse condominium building in Bushwick with two duplex units.
Pricing: $849,000 to $925,000
Opening/occupancy: Launching spring 2016
Brokerage: The Corcoran Group
• 949 Pacific Street
A three-unit condominium building in Crown Heights with a roof deck
Pricing: TBA
Opening: Just launched this spring
Brokerage: The Corcoran Group
• 347 Gates Avenue
A four unit condominium building with a roof deck in Bedford-Stuyvesant
Opening: Launching May 2016
Brokerage: The Corcoran Group
• 1149 Bedford Avenue
A 12-unit condominium building in Bedfor-Stuyvesant with elevator, parking, and a roof deck. All units have outdoor space.
Address: 1149 Bedford Avenue
Pricing: $849,000 to $1.3 million
Opening: Sales started this spring
Brokerage: The Corcoran Group
• 668 Halsey Street
A four-unit condominium building with a roof deck in Bedford-Stuyvesant.
Pricing: TBD
Opening: Launching June 2016
Brokerage: The Corcoran Group
• The Margo
228-unit rental building in downtown Brooklyn with landscaped roof terrace. Apartments will be studios, one- and two-bedrooms.
Address: 180 Myrtle Avenue
Pricing: TBA
Opening: Expected to start rentals this summer
Developer/brokerage: Red Apple Group; the Corcoran Group
• 21 Powers Street Condominiums
A four-story, ten-unit designer boutique condo building in Williamsburg consisting of town home inspired duplexes, and large format two- and three-bedroom residences. Amenities include private parking and a landscaped roof.
Pricing: TBA
Opening: Summer 2017
Developer/brokerage: Slate Property Group and 21 Powers LLC; Citi Habitats New Developments
• 72 Box Street (pictured above)
Thirty-nine studios, and one- and two-bedroom rental apartments in Greenpoint. Amenities include a landscaped terrace, elevator, bicycle storage, on-site parking and a secure virtual doorman system, and a top-floor roof deck.
Pricing: TBA
Opening: Summer 2016
Developer/brokerage: 72 Box Street LLC; Citi Habitats New Developments
• 1 Flatbush
19-story, 157-unit rental development in downtown Brooklyn. Layouts consist of studio, one- and two-bedroom residences with amenities including gaming lounge, fitness center, tenants’ lounge with communal kitchen, landscaped rooftop, and landscaped inner court.
Address: 1 Flatbush Avenue
Pricing: TBA
Opening: Summer 2017
Developer/ Brokerage: 1 Flatbush Avenue Property Owner LLC; Citi Habitats New Developments
***This story will be updated as we gather more information about new developments and conversions coming to the borough.
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