Morris Adjmi’s 465 Pacific Street Tops Out, Only One Penthouse Unit Remains

Posted On Wed, March 23, 2016 By

Posted On Wed, March 23, 2016 By In Architecture, Boerum Hill, condos, New Developments

When 6sqft checked in on Boerum Hill’s 465 Pacific Street in November, it was little more than a hole in the ground with roughly 50 percent of its 30 condo units already in contract. Now, a little more than four months later, its seven-story concrete skeleton has topped off and just a sole penthouse unit remains.

The $55 million development was forged through a partnership between Avery Hall Investments and ARIA Development Group, who purchased the block-through lot for $18 million in 2013. With Morris Adjmi Architects at the helm, the development is composed of two seven-story wings encompassing 85,000 square feet of floor space. Lower levels of the building are faced in a uniform skin of red brick and red mortar joints, while upper levels are finished in dark steel to pay homage to the Mohawk ironworkers who once maintained a community within the neighborhood.

465 Pacific Street, Boerum Hill, Morris Adjmi

465 Pacific Street, Boerum Hill, Morris Adjmi

465 Pacific Street, Boerum Hill, Morris Adjmi

465 Pacific Street, Boerum Hill, Morris Adjmi

The remaining unit is known as Penthouse A and is priced at $3.825 million ($1,602 per square foot). The four-bedroom spread spans 2,387 square feet, making it the second largest home in the boutique-sized development. Its unique floor plan grants occupants northern, southern and eastern exposures. The four bedrooms are positioned in opposite corners, and a central 21-foot-by-28-foot living/dining area serves as the home’s hearth. The space will offer a gas fireplace, oversized windows, and a private north-facing terrace. Another 52-foot-long, south-facing terrace lies along the master bedroom suite.

465 Pacific Street, Boerum Hill, Morris Adjmi

465 Pacific Street, Boerum Hill, Morris Adjmi

465 Pacific Street, Boerum Hill, Morris Adjmi

The building’s primary entrance will be along brownstone-lined Pacific Street, and amenities will include a gym, rooftop common space with private cabanas, resident lounge, children’s playroom, on-site parking for 16 vehicles, attended lobby, and bike storage. Average asking prices at 465 Pacific have averaged $1,389 per square foot, well below Manhattan’s median condo prices. Penthouse A received a $100,000 price cut earlier this month, bringing its price down by three percent. The slightly larger Penthouse 1 is already in contract and had an asking price of $4,850 or $1,642 per square foot. 465 Pacific is slated for completion in the first quarter of 2017.

465 Pacific Street, 472 Atlantic Avenue, Morris Adjmi Architects, ARIA Development Group, Avery Hall Investments, Boerum Hill (101)

465 Pacific Street, Boerum Hill, Morris Adjmi
Google Earth rendering via CityRealty

See the full listing for 465 Pacific’s Penthouse A at CityRealty.

RELATED:

Renderings courtesy of Morris Adjmi Architects; Construction shots via 6sqft

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Neighborhoods : Boerum Hill

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