123 on the Park is 50 Percent Leased

The Chetrit Group and Clipper Equity redevelopment 123 on the Park in Brooklyn has surpassed the 50 percent leased threshold after less than three months on the market.

New York—The Chetrit Group and Clipper Equity redevelopment 123 on the Park in Brooklyn has surpassed the 50 percent leased threshold after less than three months on the market.  The building, which once served as the Caledonian Hospital Center in the Prospect Park South area, is being exclusively marketed and represented by aptsandlofts.com.

“Demand for 123 on the Park has been even stronger than expected. We are extremely pleased,” says J.J. Bistricer, principal of Clipper Equity. “The building’s success is yet another indication that the Prospect Park South neighborhood has arrived, and that full-service residences like 123 on the Park are highly desired.”

The seven-story, 119-unit luxury rental building has been outfitted with an assortment of luxury finishes within the units, as well as a handful of sought-after amenities. The building’s units include a mix of studio, one-, two and three-bedroom floor plans, with per-month rents that range from $2,250 for a studio, to $3,300 for a two-bedroom.

Amenities include a state-of-the-art fitness center, yoga studio, gaming lounge, children’s playroom and a furnished common roof deck that offers unobstructed views of nearby Prospect Park.

“123 on Park is one of the only full-service buildings that overlooks the park,” says David Maundrell, founder and president of aptsandlofts.com. “We anticipate strong leasing activity will continue throughout the rest of the summer and fall.”

The Prospect South and Prospect Lefferts neighborhood is well-known for early 20th century architectural character, including Victorian homes and brick mansions. 123 on Park offers residents convenient access to shopping, retail, entertainment and transit venues.