Brooklyn Luxury Condominium Building Milk Factory Sells
Real estate brokerage firm REAL New York today announced the official sale of Milk Factory, located at 850 Metropolitan Avenue. Comprised of 32 new construction residences, the property had the three highest price per square foot sales in East Williamsburg at nearly $1,700 per square foot. As the exclusive sales and marketing company, REAL New York played a vital role in all phases of the project, from pre-launch to sale.
“Milk Factory is a unique lifestyle opportunity and we were proud to be a part of it every step of the way,” said Jennifer Carey, Director of Sales at REAL New York. “The Brooklyn market trajectory is up. The price per square foot of the developments, which is 30% above the average for Williamsburg as a whole, is a testament to this demand.
Co-developed by design firm ROART with 850 Metropolitan Ave. Investors, LLC, the former 19th century Borden Condensed Milk Distribution Plant has been reimagined into contemporary homes. It incorporates innovative architectural elements, including a cantilevered addition and multiple spaces that have been redistributed to connect the community to nature. A second-floor terrace overlooks the building’s inner courtyard, complete with a garden and a custom mural by a local artist. Another common terrace at the front of the building is tucked under the cantilever, and more than half of the residences have access to private outdoor space. Additional amenities include a fitness center, bike storage, virtual doorman, and a lobby lounge with a fireplace.
“The story of Milk Factory is about the evolution of the neighborhood and we wanted to add to that story, while preserving its distinct characteristics,” said Ran Oron, Founder of ROART. “Fostering spatial relationships within the building and with the neighborhood was important, through the interior courtyard, as well as various interconnected public outdoor spaces for a truly seamless living experience.”
For more information, visit www.realnewyork.com.
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