Former Williamsburg Steel Factory Finally Debuts as Rentals
The road to residential reality has been long and bumpy for Williamsburg's 1930s steel factory, but the apartments are finally here. Now known as the Lewis Steel Building, the converted warehouse at 76 North 4th Street offers 83 apartments, ranging from studios to three-bedrooms. Currently, 12 units are on the market. The cheapest studio is asking $2,862/month, while the most expensive three-bedroom is listed for $6,923/month. Developers Cayuga Capital Management and Jacob Toll worked with Hustvedt Cutler on the design, and the interiors feature a lot of industrial remnants: exposed wooden beams, brick walls, blackened steel accents, and original sliding factory doors.
It's been more than eight years since we first reported that this factory would be converted. The plan was for high-end condos designed by AvroKO, but like so many other developments, it was waylaid by the market crash and recession.
Warehouse-Hugging Building Tops Out in Williamsburg
95 South 5th Street, the Williamsburg residential project that is being developed by Horrigan Development and Pilot Real Estate Group, has topped out at six stories, 6sqft reports. The most notable part of the project is that rather than demolishing the three-story brick warehouse that stands at the site, the developers/architects decided to incorporate it into the new building, building around and on top of it. When finished, the building will have 23 residential units and a small "eating and drinking establishment," according to permits.
Three-Level Karl Fischer Condo in Williamsburg Asks $834K
Welcome back to The Six Digit Club, in which we take a look at a newish-to-market listing priced under $1 million, because nice things sometimes come in small packages. Send nominations to the tipline.
For as much crap as Karl Fischer (rightly) gets, his McCarren Park-bordering condos do tend to be fairly attractive. Case in point, this vertically oriented three-level condo in The Ikon. Weird? Yes. But strangely appealing, also. The $834,000 apartment benefits from extremely high ceilings, and does not benefit from the fact that if you lived there you would spend approximately 60 percent of your time walking up and down stairs.
Another Jenga Building Will Bring More Rentals to Williamsburg
Developer Moishe Loketch of the Loketch Group had his 15 minutes of fame earlier this year in an Awl profile, in which he harped on his strident belief in building better, for less money, in non-gentrified neighborhoods. Well it looks like Loketch has thrown that philosophy to the wind, because YIMBY reports that the developer is returning to Williamsburg, of all places, to develop a 10-unit rental building. The building will consume the current brick structure at the corner of South 3rd and Roebling streets, and will contain ten duplex four-bedroom rentals, all with washers and dryers and outdoor space. The apartments will average about 1,375 square feet apiece.
Brooklyn Is Getting Another Weird-Looking Apartment Building
Sometimes it seems like developers and architects are playing a joke on the city with the designs of new buildings. When renderings for mismatched glassy messes or transformer-like stacks of boxes turn up, it's hard to believe these images actually depict buildings that will rise. But oh, they do. And more often than not, these buildings are in Brooklyn, like this gem planned for 369 Berry Street near South 6th Street. Brownstoner spotted the rendering on the construction fence, and it shows a building that defines the word "hodgepodge." Grey brick, red brick, glass balconies, off-white tiles, some kind of speckled pattern, a little bit of greenery, some unnecessary angles—this building has it all going on. Architect Charles Mallea and developer M&B Monroe Inc. are to thank.
$4 Million Townhouses Finally Rise in Williamsburg
The six-townhouse development from KUB Capital known as the Wythe Lane Townhouses, located at South 4th Street and Wythe Avenue, is finally making some progress after listing hit the market last October. Brownstoner reports that construction is up to the third floor of an eventual four. There is no sign yet of the sinister black brick in which the facade will be clad. Though only one unit has yet to hit the open market, for $4 million, according to 'Stoner three are already in contract.
Williamsburg Condo Building Isn't Sure What It Wants to Be
Another day, another (East) Williamsburg warehouse is set to be torn down and replaced by a new condo building. This one is located at 21 Powers Street and is being developed by the prolific Slate Property Group, who paid $21 million for this and another East Williamsburg site last year. Though projects like this one are springing up all over the neighborhood, 21 Powers at least has the distinction of having a really weird design, courtesy of the Meshberg Group. "We wanted to make it feel very modern but with some notes of the past. It doesn't look like a warehouse, but something that respects the warehouse-iness of the neighborhood and looks residential," Slate principal David Schwartz told NY YIMBY. They also, going by the renderings, wanted it to feel like a building surrounded by stately brownstones with cornices, which, going by Google Streetview, it is not.
Brooklyn DA Investigates Williamsburg Co-Op Board
The co-op board of Lindsay Park—an enormous middle-income housing complex in Williamsburg—is under investigation by the Brooklyn District Attorney's office over allegations of corruption.
According to DNAinfo, officials seized computers and filing cabinets from the development's office on Friday, and while the DA's office has not yet commented on the ongoing investigation, a source within the complex said that agents told him that the board was being investigated over "'mistreated money' and potential corruption."
Williamsburg Rental Returns, Aims to Shed Its Troubled Past
The building at 385 Union Avenue is a microcosm of the Williamsburg real estate market over the last decade. It's designed by Karl Fischer, and it started going up at the peek of the market in 2008. Then, after everything went to crap, the developers defaulted on their loan and sold the building in foreclosure to Madison Realty Capital in 2012. The plan to sell the 47 apartments as condos was dropped, and they were rented instead. Madison Realty wound up selling the building this past June to Sugar Hill Capital Partners, and evidently, Madison spent the last few years emptying the building, as the Real Deal reports that it was vacant when it sold. Now the new owners are hoping that the third time is the charm. The one- and two-bedroom units are back on the market, with rents for the eight available listings ranging from $2,935 to $4,491.
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What $4,300/Month Can Rent You In New York City
Welcome to Curbed Comparisons, a column that explores what one can rent for a set dollar amount in various NYC neighborhoods. Is one man's studio another man's townhouse? Let's find out! Today's price: $4,300/month.
↑ In the East Village, there's a two-bedroom apartment on East 9th Street with a lovely 700-square-foot private backyard. The interior looks nice, too, with hardwood floors, a separate kitchen, French doors, and a newly renovated bathroom (though, oddly, it's not pictured) Rent is $4,300.
Old Williamsburg Factory to Be Converted to Luxury Rentals
Is everybody sitting down? Good, because this is going to be a tough pill to swallow, but an old factory building in the Brooklyn neighborhood of Williamsburg is being converted into a luxury rental building. Scientists have long predicted that this type of thing could happen in Williamsburg, and now it finally has. NY YIMBY has a rendering of the planned building at 28 Roebling StreetEser Realty, which has owned the building since 1980, is behind the conversion, with architect Michael Muroff designing. "We're going to restore what isn't there," Muroff told YIMBY. "We're going to install a new cornice, and put those Flemish-style roof lines back, like it's always been there." There will also be 10,000 square feet of commercial space on the ground floor.
Meet the Next Hotel To Rise on Williamsburg's Wythe Avenue
It looks like Williamsburg is getting yet another hotel, and another stilted one at that. A tipster sent a rendering to YIMBY with a first look at the Hoxton Hotel that will rise on the empty lot along Wythe between North 9th and North 10th streets, and like its in-progress neighbor The William Vale, Hoxton will also perch above the ground floor level on a stilted exoskeleton. The hotel, which is just two blocks from the Wythe Hotel and a whole handful of other Brooklyn accommodations, will have 175 rooms shared between 49,100 square feet of space. The building's ground floor will be devoted to retail and the hotel will have 23 parking spots. Perkins Eastman is designing the building and Sydell Group is the developer.
Brazilian Artist Buys in Williamsburg for $2.8 Million
Maria Lynch—a Brazilian sculptor and painter who makes disturbingly colorful, almost Cronenbergian creations out of rag dolls and textiles—has just bought a condo at 142 N 1st Street in Williamsburg for $2.8 million, The Post reports. The three-bedroom, two-and-a-half-bath apartment has a ton of exposed brick, floor-to-ceiling windows, 12' ceilings, and what appears to be a very lovely rock garden out in the back. According to The Post, Lynch is relocating to Williamsburg from Tribeca.
See ODA's Williamsburg Tower O' Condos, Now On the Market
The first condos in the 32-unit building under construction at 190 South 1st Street are now on the market, and the listings bring a slew of new renderings for the ODA-designed project. The six available apartments range from two 400-square-foot studios to a 1,014-square-foot two-bedroom, with prices starting at $565,000 for a studio. The largest unit has two balconies and is listed for $1.525 million, but there will be three-bedroom apartments, so this will not be the most expensive unit. Only two listed units do not have private outdoor space, and they are on the second floor. Judging by the renderings of the exterior, it looks like most, if not all, of the units on the higher floors have balconies.
Williamsburg Condo With a Wacky Layout Asks $850,000
Welcome back to The Six Digit Club, in which we take a look at a newish-to-market listing priced under $1 million, because nice things sometimes come in small packages. Send nominations to the tipline.
If a Brooklyn condo building is filled with apartments that have completely nonsensical, useless layouts, there is a good chance that it was designed by one Robert Scarano. And for this Williamsburg one-bedroom, the bizarre, two-level, kind of C-shaped floorplan was a dead giveaway. It's located at 134-136 Powers Street, one of the many buildings Scarano plagued Brooklyn with before he was banned from building in 2010 (but he's back now, and he brought worms). If the weird layout wasn't bad enough, the main living space painted an unflattering turquoise. The unit has sold three times since the building opened, and the price is up to a whopping $850,000—up $50,000 from when it listed temporarily in February. At $1,192 per square foot, it seems wildly overpriced for a Scarano creation.
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