Apartment rentals New York with Brooklyn Apartments

Rendering of The Hamilton’s facade

The Hamilton, as the building will come to be known upon completion, is located at 968 60th Street in Borough Park, the home of a building that was used as a fully functional factory for many decades, but is now being converted by Halcyon Management Group. Currently expected to be completed in the latter half of 2016, the project is the work of renowned architect, Karl Fischer.

North Brooklyn’s landscape has changed considerably over the past decade. Williamsburg, and the area around it, saw the introduction of several huge developments to meet surging popularity, especially around the waterfront. While glass high-rises are taking a more prominent place in North Brooklyn’s real estate, these five luxury apartment buildings keep things low-key.

Last Thursday, Elliman released their monthly rentals report, and as expected, rents increased across the board. Manhattan, Brooklyn, and Queens are seeing greater market competition for studios, one-, and two-bedrooms, which pushed rents higher.

So we know that NYC has the sixth highest rental market in the nation (technically, the Northern New Jersey-New York area ranked sixth); Samuel Miller’s December 2014 rental report provided more insight into what exactly it looks like, and long story short: median rent levels went up as mean levels went down.

When 2014 comes to a close, a new residential building will open in Brooklyn. Located near the convergence of Park Slope, Fort Greene, and Prospect Heights, B2 BKLYN will be the first residential building of Forest City Ratner’s Atlantic Yards project. While Brooklyn is no stranger to new residential development, there’s something unique about Atlantic Yards—modular construction.