Boerum Hill luxury rental building hits the market

Naftali Group’s the Bergen expected to fetch over $50M

New York /
Jun.June 25, 2014 10:00 AM

The Naftali Group’s luxury rental the Bergen, located at 316 Bergen Street in Boerum Hill, is up for sale.

The 84-unit property on the corner of Third Avenue totals roughly 55,000 square feet, which could work out to a sale price of just over $1,000 per square foot, market sources told the New York Post.

Woody Heller, Will Silverman, Eric Negrin and Daniel Parker of Savills Studley are marketing the building, reportedly with an eye toward converting it to condominiums.

“The supply-demand imbalance between the desirability of brownstone Brooklyn and the lack of luxury product is unmatched anywhere else in New York City,” Heller told the Post.

Naftali developed the property along with capital partner AEW Capital Management, and units are currently fetching rents in the low $60s per square foot, according to the Post.  [NYP, 1st item]Julie Strickland


Related Articles

arrow_forward_ios
Naftali Group's Miki Naftali, BRP Companies' Meredith Marshall (Photos by Paul Dilakian)
Miki Naftali, Meredith Marshall talk development, death of 421a
Miki Naftali, Meredith Marshall talk development, death of 421a
Adam Leitman Bailey, Y. David Scharf, and Miki Naftali with 215 West 84th Street (Adam Leitman Bailey, Morrison Cohen, Getty)
Naftali lays out project as holdout tenant plays new card
Naftali lays out project as holdout tenant plays new card
 Miki Naftali and Adam Leitman Bailey (Getty, Adam Leitman Bailey; Illustration by Kevin Rebong for The Real Deal)
Heavyweight lawyers at war in Naftali holdout drama
Heavyweight lawyers at war in Naftali holdout drama
(iStock)
New development activity spikes in February — even in Queens
New development activity spikes in February — even in Queens
1045 Madison Ave and Sarah Fiszel (Getty, The Benson)
Former broker buys $13M Naftali condo
Former broker buys $13M Naftali condo
Multifamily assets power another strong week for investment sales
Multifamily assets power another strong week for investment sales
Multifamily assets power another strong week for investment sales
Miki Naftali’s with 215 West 84th Street (iStock, Getty)
David and Goliath saga unfolds at Naftali condo conversion
David and Goliath saga unfolds at Naftali condo conversion
Miki Naftali and (from left) The Bellemont, The Benson and 200 East 83rd
Naftali is big winner in Upper East Side condo comeback
Naftali is big winner in Upper East Side condo comeback
arrow_forward_ios

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

Loading...