Photo taken from the Brooklyn Bridge pedestrian walkway
Two Trees Management Company’s new rental development in Dumbo Brooklyn, 60 Water Street has released its first listings. The new construction building includes 290 rental units, as well as a 300 seat public Middle School with an entrance along Dock Street and some ground floor retail along Water Street (The interior build-out of the middle school is expected around August 2016).
The building is designed by LEESER Architecture and Ismael Leyva Architects. 60 Water Street will feature studios, one bedrooms and two-bedrooms and will be leased in phases with a couple dozen residences released during the first phase and occupancy will begin December 1. The full launch of the building will begin with the second phase which is scheduled for early 2015, when a larger selection of residences will be made available.
The first listings for 60 Water Street have launched last week. Move-ins are expected for December 1, 2014. The new construction building includes 290 rental units, as well as a 300 seat public middle school with an entrance along Dock Street and some ground floor retail along Water Street. The building is designed by LEESER Architecture and Ismael Leyva Architects.
60 Water Street will feature studios, one bedrooms and two-bedrooms. 60 Water Street will be leased in phases with a couple dozen residences released during the first phase and occupancy will begin December 1. The full launch of the building will begin with the second phase which is scheduled for early 2015, when a larger selection of residences will be made available.
Starting Prices
Studios: starting at $2,964 for a 452 sq ft studio
1 Bedroom: starting at $3,498 for a 621 sq ft 1 bedroom
2 Bedroom: starting at $6,018 for a 963 sq ft 2 bedroom
Additional Residences
Studio: $3,054 for a 407 sq ft Studio with a private outdoor terrace
1 Bedroom: $4,853 for a 531 sq ft 1 Bedroom with a private outdoor terrace
2 Bedroom: $6,678 for a 965 sq ft 2 Bedroom
All of the above units come with laundry in unit, dishwasher, hardwood floors. Building amenities include a full-time doorman, gym and outdoor areas. For more details, go to their website at 60water.com.
Floorplans shown after the jump.
Renderings Credit: David Huang
Floorplans Courtesy of Two Tress Management Company
[UPDATE: Occupancy for 60 Water Street will happen before 2015.]
As everyone in Dumbo has likely seen, the Dock Street Dumbo building – 60 Water Street (official name) on Dock, Front, and Water Streets – is nearly complete. And finally, we have an updated rendering to match it.
The updated rendering isn’t too much different than the original image from 2008, though it does better capture the glass that now almost fully covers the building’s façade.
The building will have 290 units, 58 of which will be affordable units. Two Trees is slated to begin leasing this fall, with occupancy scheduled before 2015.
The Dock Street Dumbo building (aka 60 Water street on Dock, Front, and Water Streets) is now on the seventh level above ground. The 18 story development will have 400 rental units with a proposed middle school on the ground/lower levels.
Community Board Number 2 has notified the public that 60 Water Street (aka Dock Street Dumbo) building is accepting applications for 58 affordable housing rental apartments. This building is being constructed through the Deep Rent Skewed and Low Income Housing Tax Credit Programs and Financing provided by New York State Housing Finance Agency’s (HFA). There are 8 studios ($686 per month), 30 one bedrooms ($737 per month), and 11 two bedrooms ($893 per month). Applicants will be required to meet income and additional criteria per the following table:
Applications can be downloaded here are now closed and must be returned by regular mail ONLY and must be postmarked by April 7, 2014. Applications will be selected by lottery; applicants who submit more than one application will be disqualified. Disqualified applications will not be accepted. Preference will be given to New York City residents. Current and eligible residents of Brooklyn Community Board 2, during initial occupancy, will receive preference for 50% of the affordable units.
According to the January 2014 rental report (posted earlier this week), average Dumbo rental apartments are $2,783, $3,939, and $5,033 for one, two, and three bedroom apartments.
The project architects are LEESER Architecture and Ismael Leyva Architects. The building is massed so that the lowest portion is 7 stories, stepping up to 9 stories along Water Street and 17 stories along the eastern property line (the furthest from the bridge.) The building will have a total of 290 units, including 58 affordable units. The marketing of the affordable units, with a preference for Community Board 2 residents, will begin very soon. The affordable apartments will be available at 50% and 40% of area AMI. Rents will range from about $500 to $1000 per month. The remaining units will be market rate. No pricing info yet. The apartments should be ready for occupancy in the first quarter of 2015. There will be a 300 seat public Middle School with an entrance along Dock Street and some ground floor retail along Water Street. We will turn over the core and shell of the school space to the School Construction Authority this August. They have estimated a two-year build out of the school interior, in time for September 2016.
The Dock Street Dumbo building (60 Water street on Dock, Front, and Water Streets) is now on the second level above ground. The 18 story development will have 400 rental units with a proposed middle school on the ground/lower levels.
