News: Brokerage

Caspi Development celebrates fully leased project: The West

Brooklyn, NY According to Caspi Development, a leader in the development of residential and commercial properties, The West in Greenpoint, has been fully leased after less than four weeks on the market. Move-ins will begin shortly at the property, which was developed by Caspi Development and Barone Management.

Located at 144 West St. near the East River waterfront, The West is a seven-story boutique building with 22 apartments, seven of which are part of the Affordable New York program.

Corcoran New Development is the exclusive leasing agent.

“The residential rental market is rebounding to pre-pandemic levels faster than anyone really anticipated, and 144 West St. has been magnificently received by the marketplace,” said David Maundrell III, EVP, new development at Corcoran. “The building’s popularity is a testament to its attractive design, sought-after amenities, and highly desirable location on the Greenpoint waterfront.”

Inspired by the neighborhood’s industrial past, GF55 Architects designed The West with a façade clad primarily in red brick. Building amenities include a top-floor residents’ lounge overlooking the East River and Manhattan skyline, with access to a roof deck for outdoor entertaining or relaxing. Apartments feature herringbone wood floors, Bosch cooktops and microwaves, and Kohler fixtures.

The building is near the India Street landing for the East River Ferry to Midtown Manhattan or the Financial District, enabling residents to commute to and from work in minutes. It is also one block from the G train, with easy access to the L and 7 trains.

“As the New York City residential market continues to bounce back, Greenpoint has become particularly desirable due to its neighborhood feel, East River access, and proximity to Manhattan and Williamsburg,” said Joshua Caspi, principal of Caspi Development.

MORE FROM Brokerage

CM&B completes 15,000 s/f Activate Games NYC debut in Union Square

Manhattan, NY Construction Management and Builders, Inc. (CM&B) has completed construction of Activate Games’ first US flagship store in New York City, transforming a historic Union Square retail destination into a 15,000 s/f active gaming experience where players become part of the game.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their