Condo prices released at DoBro’s tallest tower

TRD New York /
Jan.January 22, 2014 09:12 AM

The Stahl Organization has released prices for its 144 condominiums at its 53-story, 378-unit hybrid tower at 388 Bridge Street, currently the tallest residential building in Brooklyn. The smallest one-bedroom condo will hit the market asking $730,000, while the priciest four-bedroom penthouse will ask just shy of $6 million, according to the developer. The building will house rentals and condos.

“There is a drought of apartments,” Roger Fortune, a vice president at the Stahl Organization, told the Wall Street Journal, referring to the low inventory of condos in Downtown Brooklyn and the low vacancy rate for rental apartments.

Halstead Property’s William Ross, who is overseeing sales at the 575-foot-high tower, told the paper that he had a list of over 400 potential buyers that had expressed interest in the condos even before prices were released.

The rental component of the building consists of 234 units, ranging from $2,540 per month for a lower-level studio to $6,290 per month for an upper-level two-bedroom. The units range from 490 square feet to 1,166 square feet, and renters will be able to move in by February. [WSJ]  – Hiten Samtani


Related Articles

arrow_forward_ios
Rockrose Development President Justin Elghanayan and 98 DeKalb Avenue in Brooklyn

Rockrose’s new Brooklyn skyscraper will rise 47 stories

Rockrose’s new Brooklyn skyscraper will rise 47 stories
The latest gatherings to fall victim to the coronavirus could be open houses (Credit: iStock)

Open houses attendance could fall amid coronavirus worries

Open houses attendance could fall amid coronavirus worries
11 Hoyt Street and 1 Clinton Street in Brooklyn (Credit: Binyan Studios and 1 Clinton Street)

Downtown Brooklyn condo was borough’s priciest contract last week

Downtown Brooklyn condo was borough’s priciest contract last week
Brookfield's Ric Clark and Two Hanson Place in Brooklyn (Credit: Google Maps, iStock)

Brookfield signs energy company to big lease in DoBro

Brookfield signs energy company to big lease in DoBro
William Zeckendorf and his brokerages are making moves. (Credit: iStock, Getty Images)

William Zeckendorf wants to build an army of NYC homeowners

William Zeckendorf wants to build an army of NYC homeowners
Terra Holdings owner and co-chairman Kent Swig

Kent Swig on 10 years of recovering from the Great Recession

Kent Swig on 10 years of recovering from the Great Recession
1 Flatbush Avenue and the site at 570 Fulton Street (Credit: Google Maps)

Pair of DoBro properties up for sale by Slate, Meadow Partners

Pair of DoBro properties up for sale by Slate, Meadow Partners
The development site at 98 Dekalb Avenue and Rockrose Development's Justin and Henry Elghanayan (Credit: Google Maps)

Rockrose is moving into Brooklyn

Rockrose is moving into Brooklyn
arrow_forward_ios

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

Loading...