The once-sleepy waterfront neighborhood of Greenpoint is in the midst of a transformation into one of the most coveted and talked-about Brooklyn ‘hoods. The Pencil Factory condominium at 122 West Street was one of the first conversions of the area’s historic industrial buildings. Built in 1872 and expanded in 2012 from the original Eberhard Faber Pencil Factory complex, the name of the building was also used by artists, designers and other creatives who had studios in the building. The $3,400 per month rent may seem high for this sophisticated-yet-comfortable one-bedroom-plus pad, but with popularity comes higher rent.
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The four-story townhouse at 106 Dupont Street in Greenpoint is nothing to write home about. In fact, it’s straight up boring, and it’d be fair to assume the interior was, too. But the building, which was gut renovated in 2006, actually holds some cool apartments inside. It was separated into three units: a super lofty, top-floor duplex with three bedrooms; a middle floor-through apartment with two bedrooms; and a first-floor, floor-through unit with two bedrooms and a private garden. The listing is marketing this as a good investment for “an end-user who wants to collect great rental income,” as it’s currently occupied by tenants. But they’ll have to cough up a lot of cash first: the property is asking $3.78 million.
Momentum is building along the Williamsburg-Greenpoint waterfront. Since the Bloomberg administration’s sweeping 2003 rezoning of the two-mile stretch of East River shoreline, nearly every buildable river-facing plot has been accounted for by developers. More than a dozen master plans are in the works, dominated by residential uses that scale upward to 50 stories and 600-foot heights.
One remaining mystery lot is a block-long parcel in Greenpoint currently holding a two-story warehouse at 161-167 West Street (aka 53 Huron Street). The 65,000-square-foot site lies near the India Street ferry stop and is sandwiched between three development sites: Park Tower Group’s ten-tower Greenpoint Landing master plan and Mack Real Estate Group/Palin Enterprises’ 10 Huron Street (155 West Street), and The Gibraltar at 160 West Street.
With its hodgepodge exterior once called “the Noah’s Ark of bad design” and simply described as just plain “fugly,” it seems Karl Fischer has taken the hint by reworking the design of 26 West Street into something slightly less offensive. Since the rendering reveal last April, construction is now well underway and a new image of the project has emerged on Fischer’s website that shows the use of more red paneling and factory-style sash windows, a greater incorporation of balconies, and the placement of additional arched windows along its western, river-facing facade. Also shown and reflected in DOB filings is a seventh story, bringing the likely rental project up from 72 units to 96. Additionally, Fischer has now revealed the project’s interiors, which seem to mix the two favored Brooklyn styles of rustic and industrial.
149 Huron Street, a 30-unit Greenpoint condo building, was constructed in 2007 and is dominated by big windows and balconies on its facade. There is one unit up for sale in the building, a duplex, and it’s asking $1.2 million. Over 985 square feet and two floors you’ll find a big, towering window, lots of open space, a flexible floorplan and modern finishes.
This is one of the priciest apartments in the entire building, and the history of its price tag says a lot about how much Greenpoint has changed since 2007. The unit sold in 2009 for $560,037 and then was listed in 2012 for $629,000. It looks like it never sold back then, but now it’s trying its luck past the $1 million mark.
December’s first days bring dozens of holiday gift markets whose aim is to find new homes for a wealth of shiny goodies and crafty gifts. We’re all familiar with the big NYC markets, but some of the best scores–and the most fun–can be found at smaller, cooler pop-ups and local markets throughout the city. Some are only around for a weekend, others for the whole month or longer. In addition to locally-made jewelry and crafts, vintage finds, artfully curated fashions, home items and other things we didn’t know we needed, these hip retail outposts offer up DJs, drinks, food, tarot readings, nail art, music, and family fun to keep shoppers’ spirits bright.
If you want real loft living without many of the sacrifices (except the $4.25 million ask, of course) that often come with it, this stunning full-floor Greenpoint “historic penthouse” atop 190 West Street is your unicorn. Modern, stylish and well-crafted finishes, comforts like central air and radiant floor heat, windows and views that never quit, and a prime location add up to a dream loft. Wait, did we mention the 3,600 square feet of private outdoor space?
Yesterday it was announced that Brookfield Property Partners is making their first Brooklyn venture by purchasing a majority stake in two Greenpoint Landing development sites for $59.7 million. While better known for their commercial ventures, Brookfield will begin construction early next year on 775 market-rate apartments on two waterfront parcels. The towers should be finished sometime in 2019 at the total cost of $600 million as part of the first phases of the of the 22-acre master plan which is being designed by Handel Architects.
Plans filed with the Department of Buildings for Brookfield’s sites call for a 30-story, 372-unit rental building at 37 Blue Slip and a larger 39-story, 401-unit tower at 41 Blue Slip. A cul-de-sac will separate the slab-shaped towers, which will open onto a waterfront esplanade designed by James Corner Field Operations.
Does it get anymore Brooklyn than this? A new development condo designed to look like a loft, outfitted with bookshelves, deer heads, and reclaimed wood furniture. The apartment in question comes from The Pencil Factory lofts, a former pencil factory turned condo development at 122 West Street in Greenpoint. Cool location, cool building, cool apartment—it’s going to cost you a cool $800,000 for this one-bedroom unit.
Another residential building has been called to join the ranks of the Greenpoint waterfront. Located at 160 West Street, the six-story condo is known as the Gibraltar. Permits filed a year ago claimed 13 apartments and 16,198 square feet, but according to developer Saddle Rock Equities, it will house 14 apartments over 20,000 square feet. Designed by architect Joe Eisner, the bulky grey building stands out for its oversized balconies and abundance of rooftop space.