Location and Neighborhood
Situated in the heart of Greenpoint, Brooklyn, 149 Green Street enjoys an ideal location that blends urban convenience with a community-oriented atmosphere. The neighborhood has seen significant growth and development in recent years, making it one of the most desirable places to live in New York City.
Accessibility and Connectivity
Greenpoint offers excellent public transportation options, including the G train at the Greenpoint Avenue subway station, a short walk from 149 Green Street. Bus routes and ferry services enhance connectivity, providing convenient access to Manhattan and other parts of Brooklyn. The strategic location makes commuting easy, whether you work in the city or other boroughs.
Additionally, the neighborhood is highly walkable, with tree-lined streets and pedestrian-friendly pathways. Residents can easily access local shops, restaurants, and parks without needing a car. For those who drive, major highways and bridges are within a short distance, ensuring seamless travel to other parts of New York City and beyond.
Local Attractions and Amenities
Residents can enjoy proximity to McCarren Park and East River State Park, which offer recreational activities and green spaces. McCarren Park, in particular, is a hub of activity, featuring sports fields, running tracks, and open areas for picnics and relaxation. East River State Park provides stunning waterfront views and outdoor events and activities opportunities.
The neighborhood also has various dining, shopping, and entertainment options. From trendy cafes and artisanal bakeries to high-end restaurants and casual eateries, Greenpoint caters to diverse tastes. Boutique stores and independent shops line the streets, offering everything from vintage clothing to handmade crafts. Cultural venues, including art galleries and performance spaces, contribute to the area’s vibrant atmosphere.
Architectural Design and Construction
The architectural design of 149 Green Street resulted from a collaboration with the R&D Design Group. The six-story building combines modern aesthetics with practical functionality, reflecting contemporary urban living standards.
Key Design Features
The building’s facade is characterized by clean lines and large windows, allowing ample natural light. The exterior materials were carefully selected to blend with the neighborhood’s architectural style while maintaining a modern edge. Using high-quality materials and thoughtful layouts ensures a seamless blend of style and comfort.
The interiors are designed to maximize space and enhance the living experience. Open floor plans, high ceilings, and efficient use of space create an inviting atmosphere. Each unit has energy-efficient systems and modern appliances, aligning with sustainable building practices.
Construction Timeline and Challenges
The construction of 149 Green Street adhered to strict timelines and quality standards. Beginning with the planning phase in 2019, the project progressed smoothly, culminating in issuing a Certificate of Occupancy in 2022. Despite supply chain disruptions and regulatory hurdles, the developers delivered a high-quality product on schedule.
Interior Features and Layouts
149 Green Street offers a variety of unit types designed to meet diverse needs. The interiors are meticulously planned to provide a comfortable and luxurious living experience.
Unit Options
The property includes seven one-bedroom units and two two-bedroom units. Each unit features modern kitchens with high-end appliances, spacious living areas, and central air conditioning. Outdoor spaces such as private terraces or balconies add to the appeal of these homes.
The one-bedroom units are ideal for individuals or couples, offering a balance of space and functionality. The two-bedroom units cater to families or those seeking additional home office or guest room space. Each layout is thoughtfully designed to maximize usability and comfort.
Design and Functionality
The interiors showcase a modern aesthetic, with attention to detail evident in every element. Open floor plans maximize space, while large windows enhance natural lighting. The kitchens have energy-efficient appliances, and the bathrooms feature premium fixtures and finishes. Hardwood floors, recessed lighting, and ample storage solutions enhance the living experience.
Adding outdoor spaces such as terraces and balconies extends the living areas, providing opportunities for relaxation and entertainment. Whether enjoying morning coffee or hosting small gatherings, these spaces offer a private retreat in the city.
Amenities and Community Features
149 Green Street is equipped with a range of amenities that cater to the needs of its residents. These features enhance convenience and quality of life, making it an attractive option for potential buyers.
Building Amenities
The building includes an elevator, a lounge, and bike storage facilities. There is a garden, patio, backyard, and shared terraces for those who value outdoor living. The presence of a laundry room further adds to the convenience. These amenities are designed to meet residents' practical and recreational needs, creating a well-rounded living environment.
The pet-friendly policy ensures that residents can enjoy the company of their furry companions. Additionally, the building’s security features, including an intercom system, provide peace of mind for residents.
Community Appeal
The design and amenities foster a sense of community among residents while offering private spaces for relaxation. Shared spaces such as the lounge and garden encourage interaction and socialization, helping to build a friendly and welcoming atmosphere. The boutique size of the building ensures a more intimate living experience, with fewer residents sharing common areas.
Market Analysis and Sales Performance
The sales performance of 149 Green Street provides insights into the local real estate market and the challenges new developments face in Greenpoint.
Pricing and Sales Statistics
Units at 149 Green Street are priced between $750K and $1.75M. Only one of the nine units has been sold, representing 11% of the total inventory. The absorption rate is slow, with a projected sellout period of 23 years. This slow sales velocity highlights the competitive nature of the Brooklyn real estate market.
The pricing reflects the property’s luxury features and prime location. However, the high asking prices may deter some potential buyers, particularly first-time homebuyers or those with limited budgets. The two-bedroom units, priced at the higher end of the range, face additional competition from more significant developments with more amenities.
Market Challenges
Despite its desirable location and modern features, the property has struggled to achieve its sales goals. Factors such as market saturation, high asking prices, and economic uncertainties may have contributed to the slow sales velocity. The COVID-19 pandemic and its impact on the real estate market have also played a role in delaying sales.
Comparisons to Similar Properties
Compared to other developments in the area, 149 Green Street is competitively priced. However, its smaller size and limited unit options may impact its appeal to a broader audience. More significant developments with extensive amenities and lower prices may attract more buyers, particularly those seeking value for money.
Property Management and Maintenance
Professional property management plays a crucial role in ensuring the smooth operation of 149 Green Street. The building is managed by MRE Property Management LLC, a reputable firm known for its attention to detail and commitment to quality.
Management Team
The management team is led by Sam Wurzberger, who oversees all building operations. From routine maintenance to resident support, the management team ensures that the property remains in excellent condition. Regular inspections and timely repairs are part of the team’s proactive approach to property management.
Importance of Maintenance
Regular maintenance is essential for preserving property value and ensuring a positive living experience for residents. The management’s proactive approach helps address issues promptly, contributing to the overall appeal of the building. Residents can rely on the management team for any concerns, creating a hassle-free living experience.
Environmental and Commercial Overview
149 Green Street is a purely residential property, with no commercial space included in its design. This focus on residential use enhances the living experience for residents.
Environmental Considerations
The construction process adhered to modern environmental standards, minimizing the property’s impact on the surrounding area. Features such as energy-efficient appliances and well-insulated units contribute to sustainable living. The building’s design also incorporates natural lighting and ventilation, reducing energy consumption.
Community Benefits
The absence of commercial space ensures a quieter and more residential atmosphere, appealing to those seeking a peaceful urban living environment. This focus on residential living aligns with the preferences of many buyers who prioritize privacy and tranquility.
Buyer Considerations and Investment Potential
For prospective buyers, 149 Green Street offers a unique opportunity to invest in a high-quality property in a desirable location. While sales have been slow, the property holds significant long-term potential.
Reasons to Buy
The combination of modern amenities, a prime location, and a boutique building size makes this property an attractive choice. It suits individuals and families looking for a home in Greenpoint. The outdoor spaces and pet-friendly policy further enhance its appeal.
Investment Outlook
As Greenpoint grows in popularity, property values will likely appreciate over time. Buyers who invest now may benefit from long-term value retention and potential future gains. The property’s limited inventory ensures exclusivity, which can contribute to higher resale values in the future.
Conclusion
149 Green Street is a modern condominium development that offers luxury, convenience, and community living. While sales have been slower than anticipated, the property’s features and location make it a strong contender in the Greenpoint real estate market. For those seeking a high-quality home in Brooklyn, this development warrants consideration.
FAQs
What types of units are available at 149 Green Street?
149 Green Street offers one- and two-bedroom apartments featuring modern kitchens, central air conditioning, and private outdoor spaces such as balconies or terraces.
Is 149 Green Street pet-friendly?
Yes, 149 Green Street allows pets, making it suitable for owners seeking accommodation in Greenpoint, Brooklyn.
What amenities does 149 Green Street provide?
The building includes an elevator, bike storage, lounge, garden, patio, backyard, terrace, intercom system, and laundry facilities, enhancing residents' comfort and convenience.
