Madison Realty Capital and MNS Real Estate have launched the second phase of leasing for Greenpoint Central, located at 65 Dupont St. in Brooklyn’s Greenpoint neighborhood. This marks the completion of the Greenpoint Central redevelopment, an eight-story, two-complex residential project delivering 473 total rental units to the neighborhood, 30% of which are affordably priced.
“The launch of leasing at 65 Dupont represents the culmination of a significant redevelopment effort that reimagined a formerly underutilized site into a vibrant residential community,” said Zachary Kadden, managing director of development at Madison Realty Capital. “We are particularly proud of the remediation efforts that led to a full Superfund sign-off, paving the way for a new public elementary school to be built adjacent to the property.”
Designed by Hill West Architects with interiors by Whitehall Interiors, 65 Dupont offers studio, one- and two-bedroom luxury rentals equipped with vented mini split air conditioning systems, in-unit washer/dryers and gray taupe plank flooring.
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Rental housing affordability declined in 82% of U.S. metropolitan areas between 2014 and 2023, with renters experiencing the equivalent of an average $256 annual reduction in income after accounting for changes in housing quality. That’s according to a new report released Tuesday by the Mortgage Bankers Association’s Research Institute for Housing America. The report, Housing...
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Ponderay Apartments, a 40-unit multifamily property located at 5625 15th Ave NE in Seattle’s University District, sold for $6.26 million, equating to $156,625 per unit. Built in 1963, the property totals 21,540 square feet and consists of 22 one-bedroom units and 18 studio apartments. The studios average 478 square feet, while the one-bedroom units average...
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TruAmerica Multifamily acquired Bricks at Perimeter Center for $120 million. Clark Ventures was the seller of the 446-unit, garden-style apartment community in Atlanta’s Perimeter Center submarket. Clark paid $69.5 million for the property in 2016. TruAmerica will revamp nearly all of the rooms in the complex, which was built in 2007. The company plans to incorporate...
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