Across from the Barclays Center sit hundreds of apartments built at a factory in the Brooklyn Navy Yard.
They are not part of the Atlantic Yards development, where Bruce C. Ratner is assembling a 32-story tower, which will be the tallest factory-made building in the world. Instead, the apartments are inside 32 red-brick, three-story rowhouses and were built by a company called Capsys. Each home uses three modules, one per story. The homes look a century old but opened in 2002, a decade before Mr. Ratner decided to try to build the first of his Atlantic Yards towers through modular construction.
...After 18 years of producing more than 4,000 modules — enough for 2,300 apartments plus hotels and park bathrooms — [Capsys founder] Mr. [Nicholas] Lembo is worried that he might have to close up shop just as modular building is taking off. His lease is up in two years, and he has been scouring the boroughs for a new home for Capsys but has been unable to find one.
The Capsys rent, according to the Times, is about one-third the typical Navy Yard rate, which offers below-market rates. So if Capsys is exploring space in Canarsie some three times its current rent, that would approximate Navy Yard rent.
Capsys also says that it should have been offered the space taken by FC Skanska, the partnership involving Forest City Ratner that's building modules for Atlantic Yards.
It's not clear from the article--and I haven't gotten a response from Capsys--whether the Navy Yard knew Capsys wanted to expand and whether FC Skanska is paying the market rent or the old Capsys rent.