Caspi Development Launches Leasing at Brooklyn Apartments

Located in the Greenpoint neighborhood, The West is part of the Affordable New York program.
The West. Image courtesy of Caspi Development

Caspi Development has commenced leasing at The West, a new apartment community near the East River waterfront in the Greenpoint enclave of Brooklyn, N.Y.

The 22-unit apartment community includes seven apartments that are part of the Affordable New York program. Pricing for the market-rate apartments begins at $3,035 per month for one-bedroom residences, and $4,000 monthly for two-bedroom apartment homes.

The property was developed by Caspi, Barone Management and Matt Development. Corcoran New Development is the exclusive leasing agent.

Situated at 144 West St., The West offers features and finishes including herringbone wood floors, Bosch cooktops and microwaves and Kohler fixtures. The list of amenities is highlighted by a top-floor residents’ lounge with East River views.

With a nod to the neighborhood’s industrial heritage, building designer GF55 Architects imbued the boutique structure with a façade that primarily features red brick cladding.

Good timing

The West was originally conceived and green lighted long before anyone heard of COVID-19. Years later, its launch of leasing was fortuitously timed.

“We got lucky with the timing; we’re getting a massive amount of interest from renters right now,” Josh Caspi, CEO of Caspi Development, told Multi-Housing News. “In the last three days, we’ve received a dozen applications, and this isn’t a big building, with only 22 units. We approved five or six of them.”

The Greenpoint neighborhood has been the focus of developers’ interest in recent years, as a result of improved ferry service from the quarter to Manhattan. The building is situated only a block from the India St. landing of the East River Ferry to Midtown Manhattan or the Financial District. In addition, the G train, with easy access to the L and 7 trains, is accessible one block from The West.

“It’s a dreamy set-up for those who want an urban lifestyle, but also want a little more space, and prefer the Brooklyn value and bang for the buck,” Caspi said. “For what they’re paying they get a larger apartment for fewer dollars. They also get the authenticity and interest that is Brooklyn, with all its art and culture and worldly influence. Brooklyn has actually fared much better than Manhattan over the last year.”  

First move-ins are slated for June.

“We’ve maximized views with the window lines and balconies, and the interiors are very tasteful, with all the extras you’d expect in a condominium,” Caspi said. “It also blends with the current times. You’re not in a massive building. You have a lot of outdoor space, a lot of terraces, it’s easy to access your apartment, and you’re on a floor with only three other tenants. It is also a very well-built building.”

Last month, HK Organization began marketing Brooklyn boutique property 99 Gold.