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5 Upcoming Residential Properties in Brooklyn

A number of apartments in the New York City tri-state region are being constructed in Brooklyn are experiencing a rapid boom in the number of residential developments popping up. Much of which has either gone up in the past decade or are in the midst of construction as we speak. We list five projects coming to several neighborhoods bringing a large influx of apartments in Brooklyn.

1) 240 Willoughby Street 

240 Willoughby Street is a ground-up residential building being constructed in Fort Greene. Designed by Fischer Rasmussen Whitefield and developed by The Rabsky Group, the project will top out at 30 stories tall and provide a total of 300 rental units. An unspecified amount will be allocated towards affordable housing. The reinforced concrete superstructure is already above street level and it is anticipated to be finished sometime next year. The Rabsky Group previously closed on a $72 million construction loan provided by SCALE lending to help construct 240 WIlloughby street, as well as provide funds to renovate an existing 21-story, 189-unit multifamily development within the same complex, formerly known as the Brooklyn Hospital Complex. 


2) 9 Chapel Street 

Also known as 219 Jay Street, this rising 13-story residential building is located in Downtown Brooklyn and is going to eventually top out as a 9-story structure. Designed by Kane Architecture and Urban Design and developed by Tankhouse Development, there will be a total of 27 condominium units, each averaging 1,340 square feet a piece and spread out over 54,118 square feet of space. KSK Construction GRoup is the general contractor of the site, which is located at the corner of Jay Street to the west, Chapel Street to the south, and Concord Street to the north. Work is expected to be finished late this December, as noted on site. 


3) 58 Vanderbilt Avenue 

Designed by J Frankl Associates and developed by local developer Bruchy Lefkowitz, 58 Vanderbilt is a new topped out residential complex standing nine stories tall over Clinton Hill along the border with the Brooklyn Navy Yard. At 107 feet tall, there is around 106,000 square feet of newly built space with 61,223 square feet for residential living space divided across 90 rental units. There is also 9,168 square feet of commercial space on the lower floors, on-site parking for 34 vehicles, and 1,157 square feet for a community facility. Residential amenities at the site include an outdoor rooftop terrace, a bike room and a shared laundry facility. Work should be complete later this year. 


4) 420 Carroll Street 

Along the Gowanus Canal is a new residential development at 420 Carroll Street. Designed by FXCollaborative and developed by Domain Companies, the site is going to yield 360 units spread across a 15- and 20-story tower sitting next to a newly created promenade. 25 percent of the apartments are going to be designated as affordable housing units. Amenities at the building will include co-working spaces, a children's playroom, and bike storage. There will also be 27,500 square feet of retail space on the lower floors. 


420 Carroll Street is situated within an 82-block rezoned area surrounding the Gowanus Canal. The initiative to rezone the area is expected to facilitate the construction of more than 7.6 million square feet of residential area, upward of 1.5 million square feet of commercial area, and an overall reduction of vacant, underutilized land. These developments would also include expanded community facilities, publicly accessible open space, and parking. Gowanus Canal has undergone an extensive amount of cleanup work before developers began to get started on such projects that will fully utilize their potential to bring more apartments in the New York City metropolis. 

Upon completion in 2024, 420 Carroll Street is expected to achieve LEED Platinum certification.


5) 540 DeGraw Street 

Our last site brings us to the nearby 540 DeGraw Street development, also located around the Gowanus Canal area. Designed by Handel Architects and developed by Domain Companies, the Urban Investment Group within Goldman Sachs Asset Management, Vorea Group and Mega Development, the ground-up project will yield a total of 255 rental units and 18,500 square feet of commercial space. 25 percent of the homes will be designated for affordable housing. Future Green Studio is the landscape designer for the mixed-use project which is located between Nevins Street and 3rd Avenue, and is slated for completion in 2025 with LEED Platinum Certification. Gowanus Canal is going to soon be a hotbed of constructing new apartments in Brooklyn with new buildings lining the empty plots of land cleaned up and ready for a new chapter. 


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