Clermont Greene Adopts Hybrid Model
Like so many before it, Clermont Greene, the 73-unit residential project at 181 Clermont Avenue in Fort Greene, has opened its doors to renters. The move comes less than a month after the first wave of condo closings began at the building. So far, 12 units have been put up for rent, with prices ranging…
Like so many before it, Clermont Greene, the 73-unit residential project at 181 Clermont Avenue in Fort Greene, has opened its doors to renters. The move comes less than a month after the first wave of condo closings began at the building. So far, 12 units have been put up for rent, with prices ranging from $2,350 for a 713-square-foot one-bedroom to $3,400 for a 1,054-square-foot two-bedroom.
Clermont Greene Listings [StreetEasy] GMAP
First Closings at Clermont Greene [Brownstoner]
A Little Momentum for FG Developments? [Brownstoner]
Clermont Greene Gets Its C of O [Brownstoner]
Checking In On Clermont Greene [Brownstoner]
Clermont Greene Gets a Facade But Still Needs Buyers [Brownstoner]
174 Vanderbilt Revealed: Clermont Greene [Brownstoner]
174 Vanderbilt: What a Difference Two Weeks Make [Brownstoner]
Development Watch: 174 Vanderbilt Plodding Along [Brownstoner]
Meltzer/Mandl Release Deets on 174 Vanderbilt [Brownstoner]
BrickJuventude,
I’m sure they’ll manage to rent out those huge buildings to to some extent. AND…even if they rent out just 20% of the apartments…which I think will end up being MUCH higher, it HAS to be a net gain in foot traffic through Fort Greene. No two ways about it. Sorry Hon.
Lady Greene
Mopar,
Thanks Hon.
BrooklynGreene, I share your sense of wonder at the “tectonic” shift.
Also, your posts are great.
Buy now or be priced out forever. At these rental prices you could make a mint if you’d just buy up 3 or 4 of the condos and rent them out! They can only go up in value because everyone knows NYC is different than the rest of the country.
If they get $2350 for a one bedroom I’ll be quite happy, less than my monthly mortgage/maintenance for my one bedroom in prime.
These rents aren’t that crazy for the location. Ft. Greene has become really expensive, even amid the collapse. As the downtown high rises (with Ft. Greene names) flood the market, there will obviously be some effect, but most of those buildings are just worlds different from what attracts people to the neighborhood. This building doesn’t fit in architecturally, but it is nestled into an area that does.
So, are these places likely to be worth more than the Elan rentals at 1st street and 4th ave? Cause they are asking $2700 for 2 bedroom/2 bath there…
“I have a feeling the influx of people will be huge.”
-BrooklynGreene wrote
these buildings were put up for the influx of people that were supposed to come but the problem is they are not coming! People are leaving the city and losing there jobs. NYC will be lossing jobs for the next couple of years.
A day in the life of the collapse…
***Bid half off peak comps***