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On the Dupont in Greenpoint, 41 Tales of Rental Residences

by Index Investing News
January 30, 2025
in Property
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The Dupont, a brand new 41-story all-rental constructing, now dominates the skyline in Greenpoint, Brooklyn. The high-rise, at 16 Dupont Road, opened within the deliberate Greenpoint Touchdown improvement alongside the East River.

Greenpoint Touchdown — the identify for a 22-acre strip of land town designated for residential and retail initiatives — has drawn curiosity from renters who’ve outgrown close by Williamsburg and from professionals who need unobstructed views of the Manhattan skyline.

“One of many issues that we preferred about Greenpoint is it’s an genuine neighborhood that existed,” mentioned Meg Brod, a senior managing director on the Rockefeller Group, the challenge’s developer. “The waterfront wasn’t developed, however the neighborhood of Greenpoint existed. We love that there was a neighborhood already right here — it’s not like we created a neighborhood.”

Rockefeller’s portfolio consists of initiatives such because the Rose Hill condominium in Nomad and 1271 Avenue of the Americas in Midtown, previously referred to as the Time & Life Constructing.

Whereas Greenpoint Touchdown is in Greenpoint, the 2 really feel distinct. Greenpoint is greatest identified for its low-rise townhouses and parks; it’s unpretentious and genuine. However Greenpoint Touchdown, with its towers in varied phases of improvement, continues to be trying to find an id.

“I believe individuals who have a tendency to select this location are individuals who admire not simply the views, however a type of place that appears a little bit bit extra mature and little much less gritty,” Ms. Brod provided.

The Dupont is chock-full of facilities that condo hunters have come to count on from a high-rise advanced. The challenge has over 20,000 sq. ft of amenity areas, together with a rooftop pool, a health heart and a backyard terrace. For Alexander Lanaras and Christine Peter, newcomers to New York who moved to america from Switzerland, high-end facilities got here as a pleasing shock.

“The usual of the condo is very nice and really qualitative,” mentioned Mr. Lanaras, a senior vice chairman at a luxurious watch firm. “It was essential for us — we don’t know New York that effectively — however we heard that the usual could be a little little bit of all the pieces.”

The constructing has 381 residences, with 115 of them allotted for inexpensive housing. A studio on the Dupont begins at round $3,400, whereas a one-bedroom unit prices about $4,200 month-to-month, which is decrease than the median hire of $4,777 for a one-bedroom within the neighborhood, in line with StreetEasy.

These interviews have been frivolously edited for readability.

Meg Brod, senior managing director, Rockefeller Group

It will be, for me, a testomony of our success if we have been capable of retain our residents. It’s one factor to lease up a constructing; it’s one other to see how many individuals find yourself renewing and staying, as a result of folks have a alternative right here.

For me, success shouldn’t be solely measured by how lovely this constructing ended up popping out and the way effectively our leasing group is doing by way of renting these models at fairly excessive rents. Nevertheless it’s, actually, do folks keep? My want can be for folks to need to keep and might’t think about shifting out. And in the event that they must, for all times circumstances or transfer to a unique state — life occurs. However I hope they go away kicking and screaming.

Ryan Mahoney, inside designer, Workstead

That is our first rental challenge that we’ve ever carried out, in order that was a little bit completely different for us, though I’d say we approached it prefer it was a rental challenge. It’s important to focus your detailing a little bit extra, be extra centered in what you’re taking note of and what we are able to create. Nevertheless it’s fascinating as a result of, in so some ways, it was similar to different condominium initiatives we’ve carried out.

We went to go to different initiatives within the neighborhood and checked out initiatives that have been beneath development. We wished to guarantee that we carved out our personal area creatively for this challenge. It’s a little bit completely different than different initiatives. There’s type of a light-weight, shiny and optimistic high quality about this challenge that makes it a little bit completely different.

JR Sena, managing director, Compass Growth Advertising Group

Early on, we determined collectively that we’d promote it the way in which that it was meant to be or designed, which is authentically. Each professional or con, of the initiatives round us, they’re distinctive in their very own approach.

Luxurious is subjective, however there’s a normal of luxurious in the actual property rental world. For this constructing, there was an intent to work with Workstead and ship one thing that felt luxurious however genuine to the neighborhood in order that any individual inventive or within the finance discipline might stroll into this constructing and admire the design. However in their very own residences, be capable to introduce their very own private fashion.

In Brooklyn, Williamsburg is often the go-to, particularly internationally. However you’re seeing folks coming right here as a result of they’ve reached a degree individually the place they really feel like Williamsburg was cool at one level for them, however proper now, they’re searching for one thing extra natural and genuine and homey in some methods.

Christine Peter and Alexander Lanaras, residents

We have been taking a look at many districts and knew Manhattan or New York, however we didn’t know New York, Ms. Peter mentioned. We by no means considered residing right here, after which after we have been fascinated with the place we might dwell, we thought Brooklyn or Williamsburg can be cool. Then we heard about Greenpoint, and we mentioned let’s look and see if there are any furnished residences in Greenpoint so we are able to check it and see if we preferred it.

It’s very nice — you could have good eating places and lots of bars. It’s not so hustling and bustling like downtown New York, and coming from Switzerland, it’s a distinction.



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