This offering is for a new 10-story ground-up luxury multi-family rental elevator building, located in the Dumbo neighborhood of downtown Brooklyn. The building has exterior brick masonry, aluminum & glass storefront, punched-windows and window-wall facade, with split-system HVAC utilizing PTAC units on all residential units and combination vertical heat-pump units and roof-top AHU’s for common space. The building is 108,501 square feet of frontage. The unit mix consists of 104 apartments, including 63 one-bedrooms, 19 two-bedrooms, a three-bedroom, and 21 studios. All units are free market and are currently 92% occupied. The property has a 421a tax abatement that expires in 2027, but none of the units have affordability requirements because the property was developed in a 421a exclusion zone.
The property features impressive luxury finishes, an urban farming roof deck, a common area, a gym, a library, viewing lounges, and a parking garage. The units consist of wide-board oak floors, rift-cut oak kitchen cabinets, quartz countertops and stainless steel appliances including a Delta pull-down faucet, a Whirlpool dishwasher and an LG & Avanti gas range. Bathrooms consist of floor-to-ceiling ceramic tile, quartz countertops and Jaco & Sigma fixtures. The common area space is highlighted by a “reclaimed warehouse” coffee tech lounge, an “industrial” library and an urban farming roof deck with a 50’ illuminated reflecting pool, dining area, barbecue grill and cedar planters for gardening. This property is only steps away from restaurants, shops, markets, schools, Trinity Park, Cadman Plaza, and the A and F trains.
Rowen is a New York Licensed Real Estate Salesperson in association with D. White, a licensed broker. Hire Rowen as your real estate agent to represent you in the purchase or sale of residential and commercial real estate. Locations include Brooklyn, Bronx, Queens, Long Island, Staten Island, and upstate NY.