The Real Deal New York

Leasing to start soon on once-holy ground in Williamsburg

One-bedroom rentals to start at $2,400 per month

March 06, 2014 06:30PM

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Rendering for 281 Union Avenue

Rendering for 281 Union Avenue

A new rental building in East Williamsburg, located where a neighborhood church one stood, will bring 33 units to the market this spring.

The MDIM-designed, cross-shaped building at 281 Union Avenue will house one-bedroom apartments starting at $2,400 a month and two-bedrooms starting at $3,500 a month. Those that include outdoor space are pricier, ranging $3,800 to $4,800 a month. Amenities will include a gym, laundry room, recreation room and communal outdoor space.

Alex Brown Realty is developing the property, which last changed hands for $2.58 million in 2012, in partnership with Largo Investments. [Curbed] Angela Hunt

  • WannaBeLandlord

    Does anyone know what a building like this cost to build from breaking ground to CO? Like price per sq. ft., Or price per door. If anyone knows it is much appreciated.

    • john101

      price per square feet…. anywhere between 150-250 a square foot

      • WannaBeLandlord

        I spend about $100-125 per sq. ft. doing gut rehabs of SFR with high end finishings so your numbers make a lot of sense to me. Thank you John.

  • SILKY SLIM

    Just seems to me that for 2400per month…you’d at least get in-unit laundry.(I’m not a New Yorker)

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