Bluejay to Begin Leasing 341EPW in Brooklyn

By Dees Stribling, Contributing Editor

New York—Leasing at 341EPW, a new eight-story, 63-unit rental development with a retail component at 341 Eastern Pkwy. in the Crown Heights neighborhood of Brooklyn, will begin in July, according to the property’s developer, Bluejay Management. The company has tasked the brokerage company aptsandloft.com to lease the building, which is at the intersection of Eastern Pkwy and Franklin Ave.

The property includes a mix of studio, one- and two-bedroom units, and some units sport a private terrace. Designed by the Meshberg Group, 341EPW features a white brick façade accented with precast stone to enhance the lobby entrance, as well as stone arches and decorative cornices. The building is near a number of subway lines (2, 3, 4 and 5) as well as Prospect Park.

Amenities include a lobby lounge, fitness center and a landscaped roof deck with barbecue and seating areas. Additional amenities include a part-time doorman, on-site super and parking. Along with the building’s retail component, 341EPW has a pedestrian sidewalk plaza with seating.

Rents begin at $2,200 for a studio, $2,700 for a one-bedroom unit and $3,400 for two bedrooms. Penthouse duplexes begin at $3,800. Demand for the units is expected to be brisk, according to aptsandlofts.com.

“With the combination of New York’s strong economy, Brooklyn being as popular as it has ever been, and limited purchase options, demand within the rental market is extremely high,” David Maundrell, founder and president of aptsandlofts.com, tells MHN. “We expect this trend to continue for some time and really don’t see an end in sight.”

Founded in 2003 by Marc Jacobowitz and Yerachmeal Jacobson, Bluejay Management—along with sister company Bluejay Capital—has owned and managed nearly 2 million square feet of commercial and residential properties. That includes residential development in Brooklyn, and more than 1 million square feet of retail space.