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Atlantic Yards/Pacific Park infographics: what's built/what's coming/what's missing, who's responsible, + project FAQ/timeline (pinned post)

At 662 Pacific St. (Plank Road), new discounts on available units

So, as we wait for the affordable housing lottery--almost surely for middle-income units--to surface for 662 Pacific St., aka Plank Road, aka B15, I checked to see the rental status for market-rate units--and they're on discount, somewhat.

Interestingly enough, StreetEasy lists nine past rentals, all currently unavailable, and seven current listings. I'm not certain whether the unavailable listings have been rented, or taken off the market for a bit. 

Some of the past listings were offering one month free rent on a 14-month lease. The current listings are offering one month free rent on a 16-month lease--and in some cases prices have already come down..

That not surprising, given that it takes carrots to get people into a new, amenitized building where only some floors are available for occupancy and construction continues--and continues nearby. 

Worth watching is whether a larger number of units--especially when facing competition from the catercorner 18 Sixth Avenue--come on the market. Note that 662 Pacific is being developed by The Brodsky Organization, 18 Sixth (Brooklyn Crossing) is a joint project with Brodsky and master developer Greenland Forest City Partners--but Brodsky is doing the marketing.

A studio, 14-J, on StreetEasy 



A studio, 8-H on StreetEasy (a jr. 1-BR on Plank Road)


A two-bedroom, 9-Q, on StreetEasy



Comments

  1. Dam shame, affordable only for high income only, the 3 tier low incomes shouldn't pay taxes if that's the case, then we all can have AFFORDABLE units, smh

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