At the intersection of Williamsburg and Greenpoint, developer Heatherwood Luxury Rentals combined four lots for the construction of a new rental building at 470 Manhattan Avenue. Construction has topped out at eight stories high last year, and the two-toned brick facade seen in a rendering is consistent with and respectful of its neighbors. While it is still too soon to say when New York will reopen, this building is progressing at full speed: Not two weeks after an affordable lottery went live, a virtual leasing launch has commenced for market-rate units.
Interiors via MNS
The market-rate rentals start at $2,857/month for studios, $3,457/month for one-beds, and $4,634/month for two-beds. All prices are net effective to reflect one month free rent for the first year. Even with the concession in place, it is well above the Greenpoint median rents of $2,500/month for one-beds and $3,775/month for two-beds (all figures per CityRealty listings). Prospective renters may schedule a virtual tour on the building's website.
Of the 31 studio through two-bedroom units in the lottery, 21 range from $1,288-$1,638/month and have been set aside for individuals and households earning 80 percent of the area median income ($49,543-$98,240). The remaining 10 from $2,236-$2,856/month have been set aside for individuals and households earning 130 percent of the area median income ($76,663-$159,180). The deadline for everyone to apply is June 29, 2020, and further details and criteria can be found here.
Lottery criteria via Housing Connect
All residences feature oversized windows, in-unit washer/dryers, and baths with custom vanities and custom fittings and hardware. The kitchens come equipped with quartz countertops and stainless steel GE appliances. Select units will have private terraces.
Amenities will include a lounge, gym with yoga area, business center, virtual doorman, bike room, package room, and roof deck with amazing skyline views. Permits also call for 41 parking places, and the Nassau Avenue G subway station is a short walk away.
Amenities will include a lounge, gym with yoga area, business center, virtual doorman, bike room, package room, and roof deck with amazing skyline views. Permits also call for 41 parking places, and the Nassau Avenue G subway station is a short walk away.
McCarren Park via MNS
Indeed, 470 Manhattan’s most highly coveted asset may be its Brooklyn address, right across the street from McCarren Park. Current and future Brooklynites will be happy when the pool, skate park, and sports courts can reopen; until then, the park remains a welcome oasis of green space. The new building is also surrounded by the eclectic dining options of Graham Avenue and Nassau Avenue. A few blocks up the street, construction has resumed on the new Greenpoint Library, which will feature spacious adult and children's reading areas, meeting rooms, a garden, and a green roof.
Rendering via Brooklyn Public Library
470 Manhattan circa October 2019 via CityRealty
{{error}}
Related Articles
Carter's Perch
Keeping the witches at bay: How finials add drama —and deterrence— to New York’s skyline
Saturday, October 31, 2026
Future New York
Anagram Gowanus comes into view + New housing lotteries launch in Williamsburg and Clinton Hill
Friday, October 30, 2026
Future New York
Under $1M with a home office, laundry, and balcony? Sales launch at LUMA, LIC condos one stop from Grand Central
Wednesday, October 28, 2026
Future New York
Floyd Mayweather’s Baccarat rental and a $16M co-op across from the Guggenheim lead nearly $600M in Manhattan sales
Wednesday, October 28, 2026
Future New York
Price Cuts: Tommy Tune's penthouse reduced by 31%; Supertall sells out while other developers slash prices on last availabilities
Wednesday, October 28, 2026
Future New York
NYCHA's PACT program breathes new life into aging affordable housing stock; See 8 developments undergoing revitalization
Tuesday, October 27, 2026
Future New York
Uber-luxury deals fuel spike in NYC contract activity; Katharine Hepburn's former Turtle Bay townhouse finds a buyer
Tuesday, October 27, 2026
Financial District
Best New Financial District Rentals: FIVE amenity-packed buildings in FiDi offering up to 3 months free rent
Sunday, October 25, 2026More Rental Deals
Free Rent
NYC's spookiest buildings that you'd totally live in anyway
Free Rent
Scary Good Listings: Availabilities in haunted NYC properties
Leasing Updates
How NYC’s 2026 rent freeze is different from past rent freezes + New affordable housing lotteries with rent-stabilized units
Leasing Updates
The Lotus: Eco-friendly Murray Hill rental gears up for leasing launch and affordable lotto
Grand Opening
As CityPicklePalooza takes over Times Square, see NYC buildings with pickleball and padel courts
Grand Opening
New developments in Murray Hill as Midtown prepares for influx office-to-residential conversions
Updated Amenities / Renovations
The Serrano is renting gracious Upper East Side apartments with beautiful views and updated amenities from $5,395/mo.
Updated Amenities / Renovations
Q&A with Ben Picket on Gotham Organization tech-forward approach to improving luxury rental living
Special Offers
Avalon Fort Greene offering discounts on select units; No-fee rentals from $2,845/month
Special Offers
Security Deposit Discounts at Beatrice Apartments in Chelsea; No Fee Rentals from $3,855/Month
Special Offers
6sqft delivers the latest on real estate, architecture, and design, straight from New York City.
