Residential

Landmarked Fort Greene Condo 50% Sold After 4 Months on Market

75 Greene Avenue, a landmarked condominium conversion project located in the heart of Fort Greene, is 50% sold only four months after hitting the market. The project, which was developed by Douglaston Development, a national leader in real estate development and one of the largest residential and mixed-use builders in New York City, offers modern living in one of Brooklyn’s most established and prestigious neighborhoods.

“The rapid sales pace of 75 Greene reflects the high quality of these homes, its exceptional amenities and our determination to preserve and add to the fabric of Fort Greene’s family-oriented, brownstone community,” said Benjamin Levine, executive vice president of finance and acquisitions, of Douglaston Development. “We’re proud to offer modern living in a historic, landmarked building, at a desirable price point in today’s market.”

75 Greene Avenue is a landmarked 22-unit building offering a mix of 1, 2 and 3-bedroom homes, with select units featuring private outdoor space. Units range from $845,000 to $2.6 million and are anticipated to be move-in ready by summer 2019. Sales are being handled by MNS.

“We believe the market understands the rarity of this type of product in this location and has responded accordingly with the fast pace of sales we have seen,” said Andrew Barrocas, CEO of MNS. “This is a unique product in an amazing neighborhood.”

75 Greene Avenue encompasses the best of traditional Fort Greene living with the conveniences and amenities of a modern full-service condominium. With open layouts, contemporary finishes and chef quality kitchens, the residences combine the past with the present to offer a unique ownership opportunity. The custom kitchens feature natural stone slabs and are accompanied by Bertazzoni and Bosch appliances and the bathrooms are designed with tiled marble walls, heated floors and custom vanities.

75 Greene Avenue offers modern amenities and conveniences typically not found in Fort Greene, including a landscaped courtyard, fitness center, video doorman and valet, package room, private storage and bicycle room.

Additionally, the project will feature four, 20’ wide townhouses located at 71 Greene Ave and 370, 372 and 374 Clermont Avenue. Additional information on this aspect of the project and the launch of sales for these townhouses will be available in early 2019.

The properties are situated in the heart of traditional Fort Greene, a designated Historic District, offering close proximity to Fort Greene Park which features playgrounds, tennis and basketball courts, and open green space. It’s also home to the Brooklyn Academy of Music (BAM), Pratt Sculpture Garden and the BRIC Arts Media House and several coffee shops, eateries and retail options. 75 Greene is directly between the C and G subway lines and additional transportation includes the B, D, N, R, Q, 2, 3, 4 and 5 lines.

The project was financed with equity partner G4 Capital Partners.

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