This Williamsburg tower’s got a ferry fine location
Eye On Real Estate
Faster than a New York minute.
The apartments at new waterside Williamsburg apartment tower One North Fourth are being rented really quickly.
Within one week of launching the leasing campaign for the 509-unit, 41-story building, half of the apartments that were put onto the market were leased, Katie Ackel, vice president of new development at brokerage MNS, told Eye on Real Estate.
The units that were released for rent are on the lower floors of the building, which will be ready for occupancy in February.
MNS is getting approximately 150 to 200 inquiries per week — and the rate of inquiries is increasing — about renting at 1N4, which is another way the marketers write out the name of the building located at 1 N. 4th Place.
“The pace of leasing and sheer volume of inquiries have far exceeded our expectations, even for the higher-floor units which won’t be available until the spring,” Ackel said.
Rents for currently available apartments at Douglaston Development’s new tower range from $2,500 to $3,025 per month for studios to $6,950 to $7,250 per month for three-bedroom apartments.
The luxury high-rise, whose amenities include an outdoor swimming pool, overlooks the East River Ferry’s N. 6th Street/North Williamsburg docking pier.
The view from this spot on the shoreline is ever so striking, with many of our favorite Manhattan buildings all lined up in a row: The World Trade Center, the Empire State Building, the Chrysler Building and Walt’s Whistle.
By the way, most people outside the banking world call Walt’s Whistle the Citicorp Center. It was constructed when Walter Wriston headed the bank and is shaped like a giant penny whistle.
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