New condo 233 Pacific Street debuts in Boerum Hill

Seeking to cash in on baby boom, project ditches original floorplan for larger units

New York /
Jun.June 16, 2011 05:53 PM

alternate
text
225 Pacific Street, sister building of 233 Pacific Street (photo credit: PropertyShark) and Corcoran’s Aaron Lemma

A new 30-unit condominium project in Boerum Hill is set to hit the market Monday, with
large units targeting Brooklyn’s ongoing baby boom.

Located on the south side of Atlantic Avenue at Boerum Place, 233 Pacific Street will offer
one-, two-, three- and four-bedroom apartments ranging in price from $675,000 to $1.9 million,
or roughly $800 per square foot, according to Aaron Lemma, a senior vice president at the
Corcoran Group, who is handling sales at the project with business partner Frank Castelluccio.

The condo is the second phase of a two-building project. The first building, 14-unit 225 Pacific,
sold out last summer after only about three months on the market. According to Streeteasy.com,
units at 225 Pacific sold for an average of $788 per square foot. At the time, developer Nick
Cammarato told the Brooklyn Eagle that he had a list of 100 prospective interested in the second
phase of the project.

The buzz is still growing, Lemma said. “The interest in 233 Pacific has been building,” he
said. “We’re really excited to bring it to market.”

One reason 225 Pacific sold so quickly, Lemma said, is a demand for spacious apartments in the
family-friendly neighborhood. In fact, 233 Pacific was originally supposed to have 44 units, but
Cammarato decided to build 30 larger units instead. Apartments in the new building range from 934 square feet for
one-bedrooms to 2,000-square-foot four-bedrooms, Lemma said.

“We have a lot of large units,” Lemma said. “We feel that’s what the market down here
demands, so we’re happy to be able to deliver that.”

In terms of amenities, 233 Pacific is “pretty minimal,” Lemma said. The building has a “big
rooftop lounge” and a virtual doorman, but lacks the flashy amenities of some new projects.

“We wanted to put every bit of square footage into the apartments,” Lemma said.


Related Articles

arrow_forward_ios
49 East 10th Street and Barbara Corcoran (Credit: Google Maps and Getty Images)
Corcoran to shut down office in building partly owned by Barbara Corcoran
Corcoran to shut down office in building partly owned by Barbara Corcoran
Corcoran President & CEO Pamela Liebman (Credit: Corcoran, Getty Images)
Welcome to Queens: Corcoran opens first borough outpost
Welcome to Queens: Corcoran opens first borough outpost
Corcoran CEO & President Pamela Liebman (Credit: iStock)
Corcoran begins new lead-gen push via Facebook ads
Corcoran begins new lead-gen push via Facebook ads
Ryan Serhant and Brown Harris Stevens' Brad Loe and Steven James (Serhant; VHT Studios)
What brokerage holiday parties reveal about their hosts
What brokerage holiday parties reveal about their hosts
From left: Corcoran's Steve Belluomini, Pam Liebman, Michael Mahon and Randall Kostick (Corcoran, Getty)
Corcoran taps new NorCal franchise after Global Living fiasco
Corcoran taps new NorCal franchise after Global Living fiasco
Corcoran Global Living's Michael Mahon (Corcoran, Getty)
Turmoil at Corcoran Global Living: CEO accused of fraud
Turmoil at Corcoran Global Living: CEO accused of fraud
Michael Mahon (Corcoran, Getty)
Corcoran shopping its biggest franchise
Corcoran shopping its biggest franchise
From left: Jared Barnett, Eugene Litvak, and Ryan Kaplan (HIG, Compass, Design recipes, Getty)
In home sales, cash was king. Now it’s God
In home sales, cash was king. Now it’s God
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...