Portfolio

1 North 4th Place

Brooklyn, New York


Market: New York City

Type: Multifamily

Role: Development Partner

Status: Development completed in 2015

The first high-rise rental apartment building along the Williamsburg waterfront in Brooklyn, directly across the East River from Manhattan.

Property Size

  • 509 rental apartments

Local Population Density

  • 41,200 people/square mile

Highlights

  • Invested in the development project through a venture with the property’s developer, Douglaston Development.
  • A 41-story residential tower along the East River that features spectacular, unobstructed views of the Manhattan skyline.
  • Located just south of East River State Park, which hosts Smorgasburg, a seasonal, outdoor foodie market held weekly that features more than 100 local and regional food vendors and is one of Brooklyn’s most popular destinations, attracting upwards of 10,000 visitors each Saturday.
  • Known for its lively arts scene, boutiques, restaurants, cafes and nightlife, Williamsburg attracts a young population seeking amenity-laden housing that is less costly than in neighboring Manhattan.
  • Residents have good access to public transportation:  an East River Ferry terminal with service to Midtown and Lower Manhattan is adjacent to the property, while the Bedford Avenue subway station — the first stop out of Manhattan on the L-train — is six blocks to the east.
  • Adjacent to The Edge, a mixed-use property built by Douglaston Development; 2 North 6th Place, a waterfront residential high-rise being developed by Douglaston in partnership with MacFarlane; and the two Northside Piers condominium towers.

Related Websites

 

Walk Score:  93     |    Transit Score:  79     |     Bike Score:  92