Condo prices released at DoBro’s tallest tower

388 Bridge Street in Downtown Brooklyn (Credit: Brownstoner)
388 Bridge Street in Downtown Brooklyn (Credit: Brownstoner)

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.

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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