Greenpoint's Tallest Tower Launches Affordable Lottery and Bumps Up Prices on Remaining Condos

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The Greenpoint in Brooklyn, photo by CityRealty

The Greenpoint in Brooklyn, photo by CityRealty

From The New Skyline Greenpoint's Tallest Tower Launches Affordable Lottery and Bumps Up Prices on Remaining Condos

By CityRealty Staff Thursday, January 18, 2018

Residential development along the Greenpoint waterfront might not be as widespread as neighboring Williamsburg, but the new 40-story tower at 21 India Street is setting a sky-scraping standard. Simply called The Greenpoint, it will host condominiums, market-rate rentals, and affordable rental units (available to qualifying New Yorkers only).

Condominium sales launched over the summer with some units priced under $1 million. Listing information on CityRealty shows the building's condos are currently selling at an average price of $1,555 per square foot.

Rendering via thegreenpoint.nyc

Rendering via thegreenpoint.nyc

Studio to three-bedroom units are available, and at least one unit has already entered contract (Unit #28C). Other listings start from $835,000 for a 550-square foot studio (Unit #28F) and the current highest-priced condo is a three-bedroom/three-bathroom on the 39th floor for $2.875 million (Unit #39A).

Affordable rental qualifications, via Housing Connect

The market rate rentals have not yet launched but as 6sqft reports, the housing lottery has begun for the 140 affordable units inside the building. Income and family-size qualifications apply for these units, which start at $613/month for a studio up to $1,230/month for a two-bedroom.

[MORE AFFORDABLE LOTTO DETAILS ON 6SQFT]

Renderings of The Greenpoint (Credit: Neoscape)

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RLS IDX Data display by CityRealty.com, LLC. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2023 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.

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An equal housing opportunity

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