The Corcoran blog Inhabit for March 2025 held interesting tidbits for Manhattan and Brooklyn renters. Manhattan witnessed a 7% decrease annually in new lease signings, while Brooklyn’s leasing velocity in March skyrocketed 49% compared to the month-earlier period. Moreover, Brooklyn leasing velocity soared 17% year over year, the highest figure reached since 2021. The borough is witnessing substantial demand as renters hunt for comparative value and additional housing alternatives, wrote Gary Malin, chief operating officer of The Corcoran Group. He adds that while Brooklyn isn’t ideal for renters, conditions in the borough are less frenetic than across the East River.
Clearly, interest in Brooklyn rental stock is growing. And several developers appear to be stepping up to answer the call, particularly with transit-oriented developments and projects that include among their components much-needed infusions of affordability.
Among them: A development where coveted Park Slope and historic industrial Gowanus come together, another in diverse Sunset Park and a third at the intersection of three lively Brooklyn bailiwicks, Bedford-Stuyvesant, Crown Heights and Clinton Hill.
Longview
Bearing an address at 380 4th Avenue, this development from Quinlan Development Group and GTIS Partners is a 17-story, 197-unit mixed-income residential building. The development features one-bedroom, one-bedroom-and-den and two-bedroom residences, with fully half of the building’s units earmarked as affordable. Longview’s design is an homage to Park Slope’s leafy charms and the industrial chic of Gowanus.
Quinlan Development Group zeroes in on dynamic markets with robust potential for growth. A good number of Brooklyn’s neighborhoods boast those traits, says Timothy Quinlan, principal of Quinlan Development Group.
“What makes Longview unique is its strategic position to benefit from both Park Slope and Gowanus, two distinct yet authentic neighborhoods that embody the essence of Brooklyn,” he says. “Park Slope is an established, premier location characterized by tree-lined streets and beautiful brownstone houses. In contrast, Gowanus, a former industrial hub, is experiencing an exciting transformation due to recent residential rezoning with the palpable energy of change in the air. Both neighborhoods are investment worthy on their own, but together they create a truly special opportunity.”
One Sunset
Partners Ailanhus, BEB Capital and SK Development make up the team behind One Sunset, a 14-story, 187-unit mixed-income and retail development situated at 201 East 25th Street in the Sunset Park neighborhood. Residences are offered in a blend of one-, two and three-bedroom configurations.
The structure’s design represents a nod to its setting. Lower floors reflect the brick and terracotta colors of nearby Sunset Park structures; upper floors offer contrasting glass elements preserving the community’s treasured sight lines.
“With deep historical roots, a strong sense of local community and a burgeoning waterfront, Sunset Park continues to emerge as one of the most highly sought-after destinations in Brooklyn, attracting residents from all over the city and beyond,” says Lee Brodsky, CEO of BEB Capital. He adds that One Sunset delivers 46 permanent affordable housing units available to those earning 48 percent of AMI. That’s “one of the lowest AMI averages achieved in Brooklyn over the last five years,” he reports.
1057 Atlantic Avenue
This address features a 456-unit, mixed-income multifamily project from Douglaston Development. The building will deliver a variety of one-, two- and three-bedroom units, with 137 apartments designated as permanently affordable for households that earn an average of 60% of AMI. “The intersection of the Bedford-Stuyvesant, Prospect Park and Clinton Hill neighborhoods has historically lacked a consistent supply of elevated, amenity-rich housing options, despite being a transit-oriented region with ample dining, cultural and greenspace offerings,” says Steven Charno, Douglaston Development president. “Atlantic BK will help to fill that need.”
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