Washington Street

We posted about the 30 Washington Street rental building a few weeks ago, and they’ve already rented 40% of the 94 unit building, according to a Two Trees Management spokesperson. Units include one bedrooms that start at $3,325, one bedrooms home office that start at $3,450, and two-bedroom that start at $4,200 units.

An article in Crain’s writes that the 30 Washington Street lofts are smaller:

“Two Trees Management, the father-son firm largely responsible for turning the neighborhood Down under the Manhattan Bridge overpass from an artist enclave into one of Brooklyn’s most expensive neighborhoods, is just completing work on 30 Washington St. It is its sixth rental conversion of one of Dumbo’s massive old industrial buildings, and it follows a recent pattern for Two Trees of creating smaller, more conventional apartments rather than the sprawling lofts, once the neighborhood norm.”

“Dumbo, including our properties, used to be all about these big lofts, but we’ve had a lot of tenants tell us, ‘Yeah, all this space is wonderful, but what do I do with it?'” Ashley Wirkus, Two Trees’ director of operations, said during a tour Tuesday. “In some of our older buildings, we’ve actually been dividing up the spaces to create additional bedrooms.”

Rather than the 1,500-square-foot lofts of 70 Washington Street, 30 Main Street and 1 Main Street, the 92 units at 30 Washington range in size from 550-foot one bedrooms to a handful of two-bedroom, two-bath units just over 1,000-square-feet. According to the article, the more conventional apartment size “signals the maturity of the neighborhood, a shift from bohemians and bankers who prized their sprawling spaces to singles and families who want more conventional apartments in what is still one of the city’s most desirable neighborhoods.” This seems counter to what families look for in a larger loft, no?