The Real Deal New York

Greystone’s Printhouse Lofts 50 percent leased: PHOTOS

Former Williamsburg warehouse units hit market two weeks ago after delayed conversion

July 01, 2014 01:30PM

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Commercial lender and developer Greystone’s Printhouse Lofts at 139 North 10th Street are 50 percent leased — less than two weeks after hitting the market.

Situated in a 104-year-old former warehouse in Williamsburg, the luxury rentals came online last month following a long-delayed conversion. Greystone teamed with HTO Architect PLLC and Durukan Design to convert the property into 36 loft-style apartments, offering up 28 one-bedrooms, six two-bedrooms and two three-bedroom apartments. The ground-floor units boast 50-foot long solariums, while all the properties feature stainless steel appliances, farmhouse sinks and natural stone countertops, according to a release from Greystone.

The units range in price from $2,600 per month for a one-bedroom to $6,188 per month for a three-bedroom, and in size from approximately 400 square feet to over 1,000 square feet. Building amenities include a virtual doorman, video intercom system, laundry on all floors, bike storage and 2,500 square feet of shared roof space.

The planned building conversion hit a snag under previous owner Ramon Maislen, who did not have the funds to buy out the property’s previous artist tenants. Maislen consequently sold the property to Fortis Property Group in 2011 for $6.1 million. Fortis then flipped the building last year, selling to Greystone for $15.8 million, as The Real Deal reported at the time. — Julie Strickland

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