Real estate broker REAL New York today announced the official sale of the Milk Factory at 850 Metropolitan Avenue. Comprised of 32 new homes, the property is priced at approximately $1,700 per square foot, making it his third highest selling price per square foot in East Williamsburg. As the exclusive sales and marketing company, REAL New York played a key role in all stages of the project, from pre-launch to sell-out.
REAL New York Sales Director Jennifer Carey said: “The trajectory of the Brooklyn market is on the rise. His price per square foot, which is 30% above the overall Williamsburg average, is a testament to that demand.”
Co-developed by design firm ROART and 850 Metropolitan Ave. Investors, LLC, the former 19th-century Boden condensed milk distribution plant has been transformed into a contemporary home. It incorporates innovative architectural elements such as the addition of cantilevers and multiple spaces redistributed to connect community and nature. A second-floor terrace overlooks the building’s inner courtyard, featuring gardens and custom murals by local artists. Another communal terrace at the front of the building is under a cantilever, giving more than half of the residences access to a private outdoor space. Other amenities include a fitness center, bike storage, a virtual doorman, and a lobby lounge with fireplace.
ROART founder Ran Oron said: “Fostering spatial relationships within the building and with the neighborhood was important and was achieved by the courtyard function, along with a variety of interconnected public outdoor spaces for a truly seamless living experience.”
For more information, please visit www.realnewyork.com.
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