Agent

Half of South Williamsburg tax-reduced development sold

32-unit complex is slated for completion in Fall 2016
  • Comprised of 32 condos, 190 S. First has unit sizes ranging from studios to three-bedroom homes. There is one Penthouse unit in the building.
  • Interiors were designed by ODA Architecture.
  • Currently, there are six units listed for sale on the development’s website.
  • The project, co-developed by Adam America and The Naveh Shuster Group, is planned for completion next Fall.

After breaking ground just last September, an unfinished development in Brooklyn is filling up fast. As of April 4, the residential building at 190 S. First St. was 50 percent sold, just after the MNS client announced a new 15-year property tax abatement approval.

“We are very excited about the success seen at 190 S. First St. since launching sales and expect them to continue to thrive,” CEO of MNS Andrew Barrocas said. “The project offers prospective residents the opportunity to own in one of the most vibrant neighborhoods in New York City, and with the addition of the 15-year tax abatement potential, buyers are drawn to the building even more.”

Comprising 32 condos, 190 S. First  has unit sizes ranging from studios to three-bedroom homes. There is one Penthouse unit in the building.

190 S. 1st rendering/MNS

190 S. 1st rendering/MNS

Apartments feature high-end finishes and oversized windows, as well as spanning views of both Manhattan and Brooklyn. Select units come with private outdoor spaces.

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Interiors were designed by ODA Architecture, harmonizing apartments with hardwood floors, floor-to-ceiling windows, central air and heating, in-unit washer and dryers and maximum closet and storage spaces.

Amenities include a private terrace with rich landscaping and ample seating for alfresco dining options. Residents also have use of a premium gym and complementary bicycle storage area. For an additional cost, buyers can obtain a parking space and storage unit.

Within a few minutes from the JMZ and L trains, 190 S. First is highly accessible and known as an easy commute across the Williamsburg Bridge to access Manhattan or Brooklyn’s surrounding neighborhoods, which makes the new condos an easy transition for Manhattan employees.

Currently, there are six units listed for sale on the development’s website. Unit 7B, a studio, costs $714,000 for 400 interior square feet and has southeast exposure. The property taxes are $80.39.

Unit 2A, a one-bedroom, one-bathroom apartment, features north, east and northeast views and costs $787,500 for 573 square feet. The associated taxes are $110.40.

Unit 2C — a two-bedroom, two-bathroom condo for $1.404 million with north, south and west views — is 1,002 square feet and comes with $193.06 in property taxes.

The most expensive unit listed on the property’s website is 10B, a three-bedroom, two-bathroom apartment with 1,270 square feet. The apartment costs $2.05 million with $1,362.87 in property taxes.

All the current apartments listed online have outdoor space listed, ranging from 69 to 186 square feet.

The project, co-developed by Adam America and The Naveh Shuster Group, is planned for completion next Fall. Until then, new buyers can benefit from the recent news of the tax cut sanction on the property.

Email Jennifer Riner