Clinton Hill’s Waverly Brooklyn Condo Tops Out, Teaser Site Launched

Posted On Thu, March 10, 2016 By

Posted On Thu, March 10, 2016 By In Clinton Hill, condos, Construction Update, New Developments

The teaser site has launched for Clinton Hill’s seven-story condo development known as Waverly Brooklyn. The project, developed by Andrew Bradfield’s Orange Management, will accommodate 48 condominium units throughout roughly 60,000 square feet of floor area. The architect is Gerner Kronick + Valcarcel Architects (GKV), who have perfected textured exteriors comprised of exposed cast-in-place concrete. Inside there will be studio, one, two, three and four-bedroom condominium residences.

500 Waverly, w500, Clinton Hill, Orange Management
Rendering by AM Architectural Metal & Glass

According to filings with the city, the second floor will have eight units, floors three through five will have nine units each, the sixth floor will have eight units, and there will be five units on the top level including a duplex. Amenities will include a roof deck, tenant storage, an exercise room, recreation space, and accessory parking for 24 vehicles.

500 Waverly, w500, Clinton Hill, Orange Management

Located at the intersection of Waverly Avenue and Fulton Street, the former parking lot was purchased for $9.2 million in 2013. The site is conveniently located one block east of the Clinton-Washington C-train station, and is only a few blocks from the Barclays Center and Atlantic Terminal.

500 Waverly, w500, Clinton Hill, Orange Management
Google Earth rendering via CityRealty

The Fulton Street-Atlantic Avenue corridor in Clinton Hill and Bedford-Stuvestant is booming with activity. Construction work has just began on a massive mixed-use residential complex at 810 Fulton Street that will bring nearly 400 apartments to the area. Down the block from 500 Waverly at 555 Waverly, Madison Realty Capital is building an 80/20 rental building that will usher 120 apartments in to the neighborhood. Data from CityRealty shows there are currently 30 condominiums for sale in Clinton Hill, priced at a median price of $923 per square foot. A recently finished boutique development nearby called Aperture 538 has placed all its listings to hit the market into contract at a median price of $1,036 per square foot.

To view upcoming listings for Waverly Brooklyn, visit CityRealty.

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Neighborhoods : Clinton Hill

  • Bbb

    located directly across the street from a methodone clinic with lots of unsavory characters hanging around from dusk to dawn. $1000/sq foot?!?

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