Two new AB Architekten rental developments are racing toward the finish line in
Clinton Hill within a one block radius. The first, 531 Myrtle Avenue, stands 5 stories tall on the corner of Myrtle and Steuben with 27 units and 5,910 square feet of commercial space. The second stands at 100 Steuben Street as an 8-story contemporary rental building that incorporates two historic brick townhomes.
When we last checked in this summer, 531 Myrtle Avenue was topped off and in the midst of receiving its sleek façade. The building features many large windows and a high visibility storefront with 75 square feet of frontage on both the street and avenue. 531 Myrtle also features indoor recreation space, a 1,830-square-foot patio on the second floor, and storage space for three bikes on each floor.
Down the street, 100 Steuben Street stands 8 stories with a 6th floor setback that allows for a spacious 761-square-foot rooftop terrace. The building hosts 39 rental units, each with enormous windows and select with private outdoor space. New renderings reveal the building’s fitness center, lobby, and lounge, complete with a billiards table and a fireplace. More amenities include an elevator and a bicycle room.
Both buildings are in development by Greystone Property Development. The two stand just a short walk from the G train and the Pratt Institute’s main campus, and are underway across the street from the Absolute at 111 Steuben Street with one 2-bedroom condo available for sale for $1.175 million, or $900 per square foot. Currently, there are 78 apartments for sale in Clinton Hill that have an average price of $939 per square foot. The average closing price for a condo in the neighborhood this November was $934 per square foot, up slightly from last November’s average closing price of $910 per square foot.
Contributing Writer
Katy Cornell
Katy Cornell is a Long Island native with a passion for writing about real estate in the big city. She recently graduated from the University of Virginia with a BA in English and is a frequent contributor to CityRealty's Market Insight and NYC real estate blog 6sqft.
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