gair2-041611.jpg
Yesterday DumboNYC broke the news that Two Trees’ conversion at 25 Washington Street will be ready for prime time next month. The building, which has been branded Gair2, has a website that says the building’s market-rate one-bedrooms will start at $2,400 a month and its two-bedrooms will be going from $3,950 a month. About a quarter of the building’s 105 units have been reserved for residents with incomes at or below 50 percent of the area median income.
25 Washington Occupancy to Begin May 1 [DumboNYC] GMAP
Gair 2 [Official Site]
Development Watch: 25 Washington [Brownstoner]
25 Washington Addition Now With Windows [Brownstoner]
25 Washington Rendering Revealed [Brownstoner]
25 Washington’s Roof Keeps Expanding [Brownstoner]
Another Perspective on 25 Washington [Brownstoner]


What's Your Take? Leave a Comment

Leave a Reply

  1. and why does Manhattan matter? this is another market and another choice… why is BKLYN automatically have to be less than manhattan? ancient history viewpoint world is moving fast babeeeee

  2. Median income figures are wide numbers, legally not just dumbo duh look it up!

    There is only one thing, and one thing only that determines market rents – what people will pay.. and dumbo is a very strong rental market

    go see a 4000 two-bedroom live and in person in a high rise west of times square then go so one of these units and then you can talk… otherwise, you are just talking…

    doesn’t matter anyway, not for you, for whoever wants them

    stargazer, you seen the units? no….. so go see and see what brick and timber is like floorplans, puhleeze

    72 Berry sold out in 6 weeks because is it brick and timber, people LOVE that

  3. quote:
    About a quarter of the building’s 105 units have been reserved for residents with incomes at or below 50 percent of the area median income.

    what the fuck is even the point of this bullshit? so the developers get tax breaks?! what is the median income in dumbo? is it just dumbo, or does it extend outward? so 75% of the units are severely overpriced and 25% are set aside as “affordable?” can’t they just make new buildings that meet somewhere in between?

    *rob*

1 2