Silverstein Properties said that listings are now live at Brooklyn Tower, the tallest building in Brooklyn. Located at 85 Fleet St. in Downtown Brooklyn, Brooklyn Tower rises 93 stories and more than 1,066 feet, with the historic Dime Savings Bank of Brooklyn integrated into its design.
“As a Brooklyn native, I am deeply committed to the borough’s growth and its evolution into a world-class residential destination,” said Larry Silverstein, chairman of Silverstein Properties. “Brooklyn Tower embodies Silverstein’s values, blending architectural innovation, thoughtful design, and best-in-class amenities. As we embark on this next chapter, we look forward to realizing the full potential of this iconic property and delivering an unparalleled living experience to residents.”
The tower features 143 luxury condominiums available for immediate occupancy. Pricing starts at $965,000 for residences, which span from studios to four-bedroom homes. It also features 398 rental residences, currently available for lease with immediate occupancy. Silverstein Properties took control of the property last July.
Greystar has plans to build a 340-unit apartment complex in Chamblee. The company spent $11.5 million on 7 acres at 5220 Peachtree. Chamblee officials selected the two firms in 2024 to pursue the project that was previously on city land. The Downtown Development Authority was the seller. The Atlanta Business Chronicle reports that Greystar is...
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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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