clock menu more-arrow no yes mobile

Brooklyn's Condos That Have Gone Rental in the Past Year

View as Map

Over the past year, there have been more than few Brooklyn condo developments that have had some trouble getting sales off the ground. That, combined with a hot rental market, has prompted many to convert to rentals and the results, as you can see from the map after the jump, have been good. Not as good as, you know, selling condos, but still, there's definitely no shortage of people looking to pay $2,600 for a 2BR a subway stop or two away from Manhattan.

· Nondos coverage [Curbed]
· All Renters Week 2012 coverage [Curbed]

Read More

The Jardin

Copy Link

Williamsburg's The Jardin made the rental switch in February, refunding all of the buyers' deposits in the process. The decision turned out to be good one, as the 44-unit building was fully leased up within five weeks of appearing on the market. Currently, there is only one unit, a 2BR, available for rent.

75 Clinton Street

Copy Link

After failing to sell many condos 75 Clinton Street in Brooklyn Heights (once described by Brooklyn Heights Blog as "gruesomely unattractive") changed ownership and decided to go rental in January. Currently, all of the units appear to be rented, even the $11,000/month penthouse.

The Williams

Copy Link

After its developers ran out of money in 2009, construction on The Williams stalled. It was brought back from the dead by Lucky Boy Development, who decided to turn it into rentals. Currently, none of the units are available on Streeteasy.

109 Gold Street

Copy Link

DUMBO's 109 Gold Street struggled to find buyers, but not to find renters. Since making the switch in March, the units appear to be all leased up.

Fino175

Copy Link

Fort Greene's Fino175 gave up on actually selling condos in April, deciding instead to rent the units out for between $2,800 and $6,000/month. It appears to have worked, as there are no units currently available.

100 Luquer Street

Copy Link

Karl Fischer's 100 Luquer Street in Carroll Gardens would still just like for somebody to buy the whole building please for $16.3 million. But in the meantime, it's happy to rent out units for between $3,500 and $5,500/month. That's not working out so great either; despite making the switch in May, 11 units remain on the rental market.

365 Union Avenue

Copy Link

The long-dormant, 14-unit, Robert Scarano-designed condo building went rental in May, and seems to have done well for itself. There are no active listings to be found.

542 St. Mark's Avenue

Copy Link

542 St. Marks Avenue made its triumph return from the verge of bankruptcy last year and switched to rentals this July. (About 40 percent of the units went into contract before the switch.) It has had better luck in that department as, out of the building's 36 units, only two are currently available. UPDATE: The marketing team reminds us that buyers' deposits were returned at this building, too.

88 South 1st Street

Copy Link

Two months after the rental switch was rumored, 16 units in 88 South 1st Street are available on aptandlofts.com, for prices ranging from $2,550 to $5,250/month. UPDATE: The marketing team reminds us that buyers' deposits were returned at this building, too.

Loading comments...

The Jardin

Williamsburg's The Jardin made the rental switch in February, refunding all of the buyers' deposits in the process. The decision turned out to be good one, as the 44-unit building was fully leased up within five weeks of appearing on the market. Currently, there is only one unit, a 2BR, available for rent.

75 Clinton Street

After failing to sell many condos 75 Clinton Street in Brooklyn Heights (once described by Brooklyn Heights Blog as "gruesomely unattractive") changed ownership and decided to go rental in January. Currently, all of the units appear to be rented, even the $11,000/month penthouse.

The Williams

After its developers ran out of money in 2009, construction on The Williams stalled. It was brought back from the dead by Lucky Boy Development, who decided to turn it into rentals. Currently, none of the units are available on Streeteasy.

109 Gold Street

DUMBO's 109 Gold Street struggled to find buyers, but not to find renters. Since making the switch in March, the units appear to be all leased up.

Fino175

Fort Greene's Fino175 gave up on actually selling condos in April, deciding instead to rent the units out for between $2,800 and $6,000/month. It appears to have worked, as there are no units currently available.

100 Luquer Street

Karl Fischer's 100 Luquer Street in Carroll Gardens would still just like for somebody to buy the whole building please for $16.3 million. But in the meantime, it's happy to rent out units for between $3,500 and $5,500/month. That's not working out so great either; despite making the switch in May, 11 units remain on the rental market.

365 Union Avenue

The long-dormant, 14-unit, Robert Scarano-designed condo building went rental in May, and seems to have done well for itself. There are no active listings to be found.

542 St. Mark's Avenue

542 St. Marks Avenue made its triumph return from the verge of bankruptcy last year and switched to rentals this July. (About 40 percent of the units went into contract before the switch.) It has had better luck in that department as, out of the building's 36 units, only two are currently available. UPDATE: The marketing team reminds us that buyers' deposits were returned at this building, too.

88 South 1st Street

Two months after the rental switch was rumored, 16 units in 88 South 1st Street are available on aptandlofts.com, for prices ranging from $2,550 to $5,250/month. UPDATE: The marketing team reminds us that buyers' deposits were returned at this building, too.