These two rental buildings have gone a long way towards easing the demand by providing artsy-designed residences offered at attractive rental rates.
New York, NY (PRWEB) February 25, 2008
TreeTop Development, LLC has recently completed extensive renovations to modernize and upgrade 188 South 3rd Street, a 41-home, six-story rental building located in the historic Williamsburg section of New York City's Brooklyn.
The Manhattan-based developer has taken great strides to not only update vacated homes, but also occupied residences to accommodate existing long-time tenants, according to Adam Mermelstein, a TreeTop principal.
Renovations to the building's two-and three-bedroom homes included new hardwood floors, modern baths and kitchens and many other upscale finishes and appointments. TreeTop also modernized lobbies and common areas.
"In most renovation projects, rehabilitation takes place around the occupied units," Mr. Mermelstein points out. "However, we wanted to complete an across-the-board upgrade that would satisfy the needs of both new tenants and long-standing residents.
"To accomplish this, vacated homes underwent a total renovation. We also fully modernized all occupied residences and addressed and fixed any outstanding issue."
188 South 3rd Street is now 100 percent leased. Rents at the building began from $1,700 for two-bedroom homes and $2,300 for three-bedroom designs.
In addition to 188 South Street, TreeTop has also recently completed the lease-up of Triangulum, another renovated rental building in Williamsburg. Impressively, all of the 30 apartments in the six-story corner building at 326 South 1st Street were reserved just one week after leasing began.
"With the rental market growing stronger in Williamsburg, a significant lack of affordably-priced rental homes has emerged in the area," says Mr. Mermelstein. "These two rental buildings have gone a long way towards easing the demand by providing artsy-designed residences offered at attractive rental rates."
For additional information on these buildings, please call 212-400-8860 or visit http://www.treetopdev.com.
About TreeTop Development, LLC:
Led by General Partners Azi Mandel and Adam Mermelstein, Manhattan-based TreeTop Development, LLC is a multi-faceted real estate concern with a focus on developing luxury condominium buildings in key urban centers throughout the New York Metropolitan area. The company also actively acquires existing rental properties in the region with an eye towards modernizing living spaces, common areas and building systems before returning them to market.
# # #