Sheepshead Bay Waterfront Condos-Turned-Rentals Now Leasing

by
3

The struggling Sheepshead Bay condo complex known as The Breakers has just started renting apartments, after an undisclosed buyer bought up its 49 empty units earlier this year. The wavy-looking, Art Deco-style buildings on the waterfront have 13 one-, two- and three-bedroom rentals being marketed by Aptsandlofts.com. One-bedrooms start at $1,608 a month, two-bedroom units at $2,567, and three-bedrooms at $3,117 a month.

Each apartment in the private gated community features granite countertops, Jacuzzi bathtubs, central air and washer/dryers. Some units also have balconies or private roof decks. Amenities include an outdoor pool, gym, 43 underground parking spaces, bike storage, and a private fishing pier with outdoor seating.

Although the 75-unit development was finished in 2009, developer Jacob Pinson defaulted on a construction loan and filed for bankruptcy. Madison Realty Capital acquired it for an estimated $19,000,000 in December 2012, and the 49 unsold condos changed hands again in January for $24,500,000, The Real Deal reported at the time.

3144 Emmons Avenue [Aptsandlofts.com] GMAP

What's Happening