Rockefeller Group, in a joint venture partnership with Park Tower Group, announced that more than 50% of the 381 residences at The Dupont have been leased. Located along Greenpoint’s waterfront, The Dupont marks Rockefeller Group’s debut residential development in Brooklyn.
“The pace of leasing at The Dupont is a testament to the building’s exceptional quality, design, and location,” said Meg Brod, senior managing director of the Northeast at Rockefeller Group. “We know Greenpoint’s waterfront has the potential to support a truly elevated rental offering, and The Dupont has proven that demand exists for residences that bring condo-level finishes, amenities and thoughtful design to the rental market.”
Located within the master-planned Greenpoint Landing development, the 41-story Dupont overlooks the newly constructed Newtown Barge Park and offers uninterrupted views of the Manhattan skyline. Compass Development Marketing Group is The Dupont’s exclusive leasing and marketing firm and has played an integral role in shaping the project’s resident experience.
Multifamily owners with loans coming due are faced with higher refinancing costs. While this isn’t news, Newmark put numbers to the issue, indicating that loans maturing in Q3 2026 carried an average interest rate of 4.04%, compared to 5.69% on new loans at an average cap rate of 5.5%, resulting in negative leverage. At the...
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An increase in mortgage rates is cooling home sales, with multifamily the biggest beneficiary, according to John Chang, senior vice president at Marcus & Millichap. In a recent video, Chang said that the 10-year Treasury has risen by more than 100 basis points, and the 30-year mortgage rate is up about 130 bps to the...
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The city of Revere is eying a large redevelopment plan that would create 1,700 new affordable and market-rate homes about five miles northeast of downtown Boston. The Revere Housing Authority presented a proposal to the Revere City Council last week requesting a zoning change that would allow for development on a 40-acre site at Cooledge...
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