New condo 233 Pacific Street debuts in Boerum Hill

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

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

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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.


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