The Real Deal New York

Evenhar launches sales at long-stalled Greenpoint condo

Apartment asking prices start at $699K

January 06, 2017 11:17AM

50 Greenpoint Avenue (Credit: Redundant Pixel via Curbed)

A Brooklyn condominium development that’s been stalled for eight years is finally launching sales.

50 Greenpoint Avenue (Credit: Redundant Pixel via Curbed)

Nine out of the 44 condo units at Evenhar Development Corporation’s 50 Greenpoint Avenue officially hit the market this week, Curbed reported.

One-bedroom apartments start at $699,000, while two-bedroom units are asking $1.1 million and three-bedroom units are asking $1.5 million. The units that are now for sale range from a 710-square-foot one bedroom asking $795,000, or $1,056 square feet. A 1,246-square-foot three-bedroom is asking $1.5 million or $1,203 per square foot.

The Karl Fischer-designed building has been in the works since a group of investors bought the site in 2006 for $4.3 million, according to the website. The development stalled in 2009, but is now aiming for occupancy this coming Spring.

50 Greenpoint Avenue (Credit: Redundant Pixel via Curbed)

The seven-story building will feature a children’s playroom, a fitness center, a landscaped roof deck, a co-working space and a pet spa. Halstead Property Development Marketing is handling sales at the project.

The median price of Brooklyn condos in the third quarter of 2016 was $812,008, according to a report from Douglas Elliman. New development condo prices climbed 27 percent year-over-year to $778,452.

Last month, The Real Deal looked at Brooklyn’s condo offering plans accepted by the New York state Attorney General’s office in 2016, and ranked the biggest projected sellouts in the borough. [Curbed]Miriam Hall

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