Apartment rentals New York with South Street Seaport

The saga of 254 Front Street may finally reach a happy ending. After a developer purchased the property in 2004 for a mere $4 million, numerous setbacks and ownership disputes threatened the project’s completion. This may have been in part because the value of 254 Front Street was lessened by its direct proximity to the Brooklyn Bridge; traditional wisdom held that it’s difficult to ‘sell’ the bridge, which is why the old Jeremy’s Ale House Building was so cheap. In the eight years that have elapsed since then, this 40-unit, 8-story building switched from a condo-conversion to a luxury rental, and now this pre-war rental conversion is finally about to complete construction and hit the market.