1 north 4th place 1

Preliminary pricing and a teaser site with renderings are out for the 40-story megatower at 1 North 4th Place in Williamsburg (formerly the third Northside Piers tower). Designed by FXFOWLE Architects, the 510-unit development has studios priced from $2,200 to $3,250 a month, one-bedrooms from $2,800 to $3,700, and two-bedrooms from $4,200 to $5,800, according to Curbed. Three-bedrooms range from “the high $5,000s” to $8,500 a month.

Besides stereotypically Williamsburg marketing photos, such as a heavily tattooed man holding a baby, the teaser site also shows renderings of a corner apartment with views of the Manhattan skyline, an indoor lounge with a library, and an outdoor pool. The building was originally supposed to be the third Northside Piers tower, until the Toll Brothers left the project. Douglaston Development, RD Management and L&M Development Partners broke ground on the 434,000-square-foot luxury building two years ago.

What do you think of the look and the prices?

Williamsburg’s New Waterfront Rentals Finally Reveal Details [Curbed] GMAP
1 North 4th Place Coverage [Brownstoner]


549 mcdonald avenue kensington 122014

There’s nothing fancy about this two-bedroom in Kensington, but it’s affordable and close to the train. The kitchen and bathroom are newly updated, and there’s enough space in the kitchen to fit a small dining table. Both bedrooms seem decently sized too. Transit-wise, it’s only two blocks from the F/G trains at Church Avenue. Do you think it’s a good deal for $1,550 a month?

549 McDonald Avenue, #1 [Citi Habitats] GMAP

93 decatur street bed stuy 122014

Although technically this is a one-bedroom apartment on the parlor floor with some original detail, we’re underwhelmed. Perhaps the new renter can clean up the kitchen area a bit, but for now it looks like a big jumble with appliances plopped down in the middle of the parlor and not much room for anything else. It’s hard to see the inlaid floors and mirrored mantel. Do you think $1,700 a month is reasonable for this?

93 Decatur Street [Charles Rutenberg] GMAP

55 cambridge place clinton hill 122014

This three-bedroom in Clinton Hill is nicely renovated and pretty reasonably priced. The living room looks fairly spacious, and the kitchen has good counter space and plenty of cabinets. The kitchen and bathroom are both newly renovated. The two front bedrooms are small — big enough to fit a full-size bed and a nightstand — and only one has a closet, according to the broker. The master bedroom is much larger and overlooks a courtyard. What are your thoughts on it for $3,000 a month?

55 Cambridge Place [Custom Brokers] GMAP

1133 manhattan avenue 1

Listings went up last month for the 105 market-rate rentals in the big mixed-income development at 1133 Manhattan Avenue in Greenpoint, and now we have interior photos of a few apartments. The finishes don’t look super high end, but we appreciate the spare, modern style, and the layouts look pretty spacious. Counters are quartz and there is a Bosch washer and dryer. The market rate rents are about what you would pay in Williamsburg.

Rents at Eleven33 range from 2,775 for a 636-square-foot one-bedroom to $5,700 for a 977-square-foot two-bedroom, two-bath with a terrace, as already reported. The 210-unit development is 50 percent affordable, and the lottery for those apartments closed over the summer after 60,000 people applied. Domain Companies is the developer, and Perkins Eastman are the architects. The building features a lounge with an espresso bar, on-site parking, fitness center, full-time concierge, a roof deck and landscaped courtyard with an outdoor kitchen.

The development is close to the water and the Pulaski Bridge but a bit of a hike to the subway or the water ferry. Click through to see more images of the two-bedroom, two-bath and a floorplan. What do you think of the look, given the prices and location?

1133 Manhattan Avenue Coverage [Brownstoner] GMAP
1133 Manahttan Avenue Listings [StreetEasy]
Eleven33 [Official]
Images by Eleven33 via StreetEasy


1261 dean street crown heights 122014

The rents in Crown Heights seem to get crazier every day, so we guess we shouldn’t be surprised to see a nice studio asking $1,700 a month east of Nostrand Avenue. The apartment in a 19th century building is newly renovated with stainless steel appliances and Caesarstone countertop. The decorative fireplace has a sweet mirrored mantel with elaborate wooden details, and there is a vintage tub that appears to date from the early 20th century. Utilities are included too. Do you think it’ll fly for this price?

1261 Dean Street [Rutenberg] GMAP


Average rents have increased 10 percent in the 11 months since January, with rents in bargain areas increasing the most, according to Curbed. Boerum Hill had the highest increase, with rents up 11.5 percent since November 2013, according to a story in DNAinfo. The second-highest jump was in Prospect Lefferts Gardens, where rents climbed 7.2 percent but are still relatively low overall, said DNA.

The stories were based on conflicting reports; the study from MNS quoted by DNAinfo found overall average rents in Brooklyn increased a mere 2 percent since November 2013. Part of the reason for the discrepancy is the reports cover different areas of Brooklyn. Curbed based its story on data from Zumper, which, like MNS, also found rents increased most sharply in previously inexpensive areas such as Bushwick and Crown Heights — but also in Cobble Hill and Kensington. All four areas saw rent increases of more than 15 percent since January, according to Zumper.

Meanwhile, a report from Douglas Elliman, also reported by Curbed, found median rents in Brooklyn increased 3.1 percent in the year period ended in November. The median rent in Brooklyn overall is now $2,948 a month, according to Douglas Elliman. But anyway you slice it, rents are up.

The Story of 2014: Brooklyn Rents Rose 10 Percent Since January [Curbed]
Brooklyn Rents Continue to Rise [Curbed]
Rent up 7 Percent in Crown Heights and Prospect Lefferts Gardens Since 2013 [DNA]
Photo by Mary Bakija

173 luquer street carroll gardens 122014

Here’s a beautiful but pricey 2.5-bedroom duplex in Carroll Gardens that’s big enough for a family. The 1,600-square-foot pad is newly renovated and features dark wood floors, some original moldings and a modern fireplace.

The bedrooms, a full bath, and a separate laundry room are on the parlor floor, with the living room, kitchen/dining and a half bath on the garden level. It’s about five blocks in either direction to the F and G trains at Smith-9th Streets or Carroll Street. Do you think it’ll rent for $5,950 a month?

173 Luquer Street [Stribling] GMAP

586 3rd avenue park slope 122014

If you’re looking for a big, unique loft space and have money to burn, this two-bedroom duplex in Gowanus is worth a look. The living room on the lower floor seems huge, and the bedroom pictured upstairs looks sizable as well. The renovation is a little odd, but we like the exposed brick and the staircase. But there’s one caveat: The current rent is $3,600, and it will increase to $3,800 next April. Do you think it’ll rent for that price?

586 3rd Avenue, #6 [Town Residential] GMAP

112 suydam street bushwick

The developer who paid $2,980,000 for a Bushwick church and related properties last week plans to include affordable housing and a large amount of space for the church in the new building. A representative from Manatus Development Group told us the development will be rentals, with 80 percent market rate and 20 percent affordable units.

The church will get 22,000 square feet of space on the first two floors, and Manatus will pay the church’s operating expenses. The addresses are 112-116 Suydam Street, 118-120 Suydam and 605, 609 and 611 Hart Street.

Bushwick Church Sells off Its Properties for $2.98 Million [Brownstoner] GMAP
Photo by Nicholas Strini for PropertyShark

158 hicks street brooklyn heights 122014

Here’s a cute little one-bedroom near the Clark Street station in Brooklyn Heights. It seems like the living room gets good light, and the kitchen area has enough space for a small dining table. From what we can see, the bedroom is just big enough to fit a bed and a small dresser. Clearly the current tenant had to come up with some creative storage solutions (like the racks on the backs of the doors). Do you think it’s worth $2,450 a month?

158 Hicks Street, #14/15 [Corcoran] GMAP

254 bainbridge street bed stuy 122014

This renovated two-bedroom duplex in Bed Stuy comes with a swanky hot tub and cedar deck in the backyard. The private backyard also has a stone patio, barbecue and flower bed. The kitchen features stainless steel appliances and a dishwasher, and the bedroom pictured is big at 15 by 15 feet, according to the listing.

But there’s a catch: It’s listed as a two-bedroom, but the broker tells us the second bedroom doesn’t have a window (though it fits a queen size bed). Also, the lower level appears to be the cellar. The house is only 32 feet deep, but the broker assured us the second bedroom is on the ground floor.

It’s about five blocks from the A/C trains at Utica Avenue. It seems like a lot of space, but we think $2,500 is a big stretch for a one-bedroom in this part of Bed Stuy. What do you think?

254 Bainbridge Street, #1 [Aptsandlofts.com] GMAP