Days into marketing, 111 Kent is 50% leased

The 62-unit rental building at 111 Kent Avenue is more than 50 percent leased after hitting the market last week, according to aptsandlofts.com, the exclusive marketers of the project. The building, between North 7th and North 8th streets in Williamsburg, was originally built as a condominium but was converted to rentals after Laurence Gluck’s Stellar Management purchased it from Garrison Investment Group for $43 million in March. Streeteasy.com shows asking rents are slowly beginning to rise on some of the listings, which currently start at $2,705 per month for a 728-square-foot one-bedroom. — Adam Fusfeld