As the sales market continues to weaken, one would expect that more and more buildings that had been designed as condos would make the switch to rentals. On the heals of last month’s news about 55 Berry, a decidely smaller-time development in East Williamsburg has decided to throw in the towel as well. The eight-unit building, which we guesstimate is somewhere near the intersection of Graham Ave and Boerum Street, will be offering two-bedroom rentals ranging in price from $1,400 to $1,800 a month. A lest you assume from the pictures that this is just another Fedders special, please listed closely to the ad which says that the apartments “were originally suppossed to be Condos so the finishings are beautiful in this newly constructed building with a marble entrance way.” And what prospective renter won’t take into account the assertion that each apartment has “thousands of dollars in fixtures and finishings” in it.
8 Brand New 1 Bedrooms [Leiter Realty] GMAP
8 Unprecedented Condo Rentals [Craigslist]