Sales Velocity Ramps Up at Brooklyn Waterfront Condos

The Austin Nichols House is making a splash in the highly sought-after neighborhood of Williamsburg, in Brooklyn, N.Y., where sales have accelerated, despite the impending shutdown of the L subway line, which connects the locale to Manhattan.

Closings are underway at the Austin Nichols House in the Brooklyn, N.Y., neighborhood of Williamsburg. Made possible by LIVWRK, Kushner Cos. and Rockpoint Group, the development is one of the neighborhood’s largest-ever condominium projects, with 338 units, located at 184 Kent Ave. Formerly a warehouse, the building is more than a century old and was designed by architect Cass Gilbert. The Austin Nichols House is one of the few surviving industrial properties on the Williamsburg waterfront.

Coveted Location 

Setting a neighborhood price-per-square-foot record of more than $1,900—according to a representative of the development—the Austin Nichols House has seen nearly 100 apartments enter into contracts within the past year, despite the recent announcement of a temporary shutdown of the L subway line, which connects Brooklyn and Manhattan.

We find that our product is highly sought after given our building’s rich legacy and authenticity,” said Asher Abehsera, Owner and CEO of LIVWRK, in a prepared statement. “The positioning of the building really attracted buyers with a high sensibility and an appreciation for refined design. We’re thrilled to provide an unrivaled quality of life right on the Williamsburg waterfront and a tremendous value proposition.

In May of this year, SL Development received $53.5 million in financing to acquire a development site for a 90,000-square-foot condominium building in Williamsburg.

Lavish Amenities

A dedicated amenity floor houses co-working spaces, a resident café and catering kitchen, children’s playroom, theatre and music rehearsal rooms. Residents also have access to on-site parking. The Austin Nichols House also features a waterfront fitness center with towering ceiling heights, direct views of the East River and city skyline and state-of the art exercise equipment, with an on-site SoulCycle facility.

Refined fixtures and finishes by Morris Adjmi Architects, the firm behind Williamsburg’s Wythe Hotel, define the residences at the Austin Nichols House. Among the remaining inventory are studio-to-three bedroom homes featuring expansive living areas and 12-foot loft ceilings. Matte-lacquered custom cabinets, Bertazzoni cooktop ranges, smart tech Dacor refrigerators and Asko dishwasher, as well as custom light pendants by Matter Made, hand-painted Japanese Kyoto tiles and brushed concrete stone countertops contribute to an exquisite aesthetic.

The Austin Nichols House has earned the designation of New York City landmark and is listed in the National Register of Historical Places.

Images courtesy of Austin Nichols House