BY BEN BRACHFELD
A wealthy Brooklynite
has recently inked a $27,000
per-month lease for an apartment
in Downtown Brooklyn,
marking the most expensive
apartment in the borough’s
history.
The unnamed renter
signed the lease for the underconstruction
four-bedroom
penthouse at One Boerum
Place, a 96-apartment building
just steps from Brooklyn
Borough Hall. The eye-watering
monthly rent falls just
short of the most expensive
lease overall, which belongs
to a townhouse in Brooklyn
Heights for $30,000 each
month that was signed back
in June. The mammoth lease
was fi rst reported by Crain’s
New York Business on Thursday.
The One Boerum Place
penthouse features 3,100
square feet of indoor space
and 2,000 square feet of outdoor
COURIER L 22 IFE, AUGUST 13-19, 2021
space, according to a rep
for One Boerum developer
Avery Hall. The building features
an indoor pool, a sauna,
a two-story gym, a “stargazing
lounge,” a rooftop lounge,
and a pet spa with a grooming
station, among other luxury
amenities.
The building also features
onsite “automated parking,”
wherein robotics developed
by German company Lödige
Industries park residents’
cars for them, and also retrieve
them from the parking
lot
Market rents in the 22-story
building, which is approximately
40 percent leased as
of now, start at around $4,800
for a one-bedroom. One and
two-bedrooms are few and far
between, however, because
the developer is marketing
towards families, and threebedrooms
available now start
at $8,031.
In addition to the 96 market
rate units, there are also
42 subsidized units available
through the city’s affordable
housing program, for
those making 130 percent of
area median income, around
$68,500 to $167,500. Studios
can be rented for $2,000 or
$2,100, one-bedrooms can be
leased for $2,475, and 2-beds
can be had for $3,120.
The average rent for a typical
apartment in Brooklyn is
$2,810, according to the datatracking
site RentCafe.
One Boerum, which began
development in 2016 and cost
$250 million, was originally
supposed to be a condominium
building, but Avery Hall
switched course last year as
the city’s condo market plummeted
during the pandemic, a
decision they believe will pay
off in the long run.
“When COVID entered
A rendering of One Boerum Place Williams New York
New York City in a major way
and shut us down, the condominium
market was basically
nonexistent,” said Avi Fisher,
founding partner at Avery
Hall. “We defi nitely believe
in the long-term value proposition
of Brooklyn, and we
knew it would come back, and
I would say we thought the
best way we could participate
in New York City’s recovery
in terms of a value proposition
was to go rental.”
The emergence of the most
expensive rental apartment
in Brooklyn history comes
as many renters in New York
and nationwide are on the
cusp of eviction; the federal
eviction moratorium was extended
earlier this week until
October, but the state has
been slow in distributing federal
relief money to renters
and landlords to cover up to a
year of unpaid back rent and
three months of future rent.
Brooklyn’s fancy
27K per-month lease in Downtown BK is the
most expensive apartment in boro history
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