Luxury apartments popping up in Brooklyn

Author: Nina Pineda, ABC EYEWITNESS NEWS
Date: Monday, November 30

Luxury apartments popping up in Brooklyn


Nina Pineda

The sky was the limit during the construction boom in Brooklyn with buildings going up and appearing all over the skyline .

Dubbed the Brooklyner, a soaring 54 story 490 unit apartment tower open for leasing this month, is debuting around the same time several other high rises are set to be completed.

A building boom in the borough launched 2,780 rentals and 1,902 condos in Brooklyn since 2006.

That's almost 5,000 new units hitting the market at the same time the recession caused demand to drop off sharply.

Joy Cox, a broker with Urban Sanctuary, estimates it will take a while to fill so much inventory.

She says with developers anxious to offload, now is the time to get in.

A beautiful 2-bedroom apartment with 2 terraces is renting for $3,300 a month, and it's selling for less than $900,000.

The Bridgeview Towers opened last year in the hip Williamsburg neighborhood, and offers sweeping views.

A whopping 15 units are empty in the luxury building, which did not skimp on any amenities.

Marketers knew competition would dictate high style and substance to give their units an edge.

At the Brooklyner, The Clarett Group played up the two things near and dear to a young Brooklynites heart, their bikes and their dogs.

The Brooklyner offers a bike room and a dog shower.


  Joy Cox   JOY COX
O: (212) 422-1780
C: (917) 753-7729