Brooklyn Gold Joins the Downtown Rental Party
Avalon Fort Greene, 80 Dekalb, the Brooklyner, and now Brooklyn Gold: There’s definitely no shortage of new rentals available in Downtown Brooklyn at the moment! The leasing office for Brooklyn Gold, aka 257 and 277 Gold Street, opened a few weeks ago. The 510-unit development’s website says asking rents are starting at $1,401 for studios…
Avalon Fort Greene, 80 Dekalb, the Brooklyner, and now Brooklyn Gold: There’s definitely no shortage of new rentals available in Downtown Brooklyn at the moment! The leasing office for Brooklyn Gold, aka 257 and 277 Gold Street, opened a few weeks ago. The 510-unit development’s website says asking rents are starting at $1,401 for studios and $1,532 for 1-bedrooms (that’s “net,” so the prices probably take into account concessions like a couple months’ free rent). The first building that’s leasing is 277 Gold Street, and at the Brooklyn Real Estate Roundtable on Tuesday one of its developers said it’s probably going to take another four or five months for some of the buildings’ amenities—which include an indoor swimming pool—to be finished. 277 Gold has 133 units and its big brother, 257, has 377.
Development Watch: 277 Gold Street [Brownstoner]
Development Watch: 277 Gold Street [Brownstoner]
Development Watch: 235 Gold Street [Brownstoner]
Development Watch: 277 Gold Street [Brownstoner]
Development Watch: 235 and 277 Gold Street [Brownstoner]
Development Watch: 277 Gold All Topped Out [Brownstoner]
Development Watch: 277 Gold Street [Brownstoner] GMAP P*Shark
Development Watch: 235/277 Gold Street [Brownstoner] DOB
yeah, they’re offering 5 months free rent on 2 year leases, 2 months free rent on 1 year leases. that’s what i heard from my friend who is considering the building.
i disagree that renters from the “nice” brooklyn neighborhoods will not be attracted to these places. maybe if you’re older and have kids you want to live somewhere more established, but i’m looking at my roughly $2k price point which could afford me a cramped, old, unrenovated walkup apartment in the “nice” neighborhoods (a.k.a. where i live now) or a lease in one of these new buildings. there’s a reason why almost all of the apartments in these buildings are studios and one bedrooms — because at the same price point, you can only find unrenovated junky studios and one bedrooms.
granted, brooklyn gold has the worst location of any of these new developments and is one of the only ones i wouldn’t really consider living in. even by downtown brooklyn standards it is a bad location. but that’s why the prices are the lowest there.
Infinite,
I would be siphoned off to live downtown if the price was right. Right now the prices aren’t right. True, I live in Gowanus now (sort of a hot spot), but the wife and I are moving next year and are considering Park Slope OR a condo in Downtown Brooklyn. The amenities are a big draw.
I wonder how low they’ll have to go to fill the buildings.
bbb, did you give them lower rent?
If you’re about to buy, and want to seal in some savings, and it is savings for your personal situation, ok. Alternately there’s still better neighborhoods to live and have cheap rent.
the rent is actually lower in this building if you sign a 2 year lease
True tybur – i dunno
you’re right – very uncertain situation in these buildings – not bad for people who don’t mind moving every year, but not for us folks who prefer to live like human beings.
I agree, joe. I am thinking it won’t as the hotspots will continue to be PS, PH, GH, and Willy/’Wick – the renters for those nabes will not be siphoned off to downtown.
Lots of supply coming onto the market. It will be interesting to see how this affects prices.
“Downtown Brooklyn is going to be the new place where all the post-grads go to get a cheap apartment after graduating. ”
Nothing preserves the value of a building better than a bunch of 1 year leases to 23 year olds cramming 2-3 people into 1 bedroom apartments.