Artsy 250N10 Rental Building in Williamsburg Is Now Fully Leased
- Oct 12, 2014
By Veronica Grecu, Associate Editor
LCOR, an investment management and development company with offices in the Philadelphia, Washington D.C. and New York City metro areas, recently announced its newest rental property in the Williamsburg neighborhood of Brooklyn is fully leased after less than half a year since the building was launched. According to the official statement announcing 250N10’s full occupancy, the leasing efforts registered a strong response from interested residents, with around 50 apartments being leased per month since the launch of the rental property.
Located at 250 North 10thStreet between Roebling and Union Avenues, 250N10 officially opened for renters in April this year through apartment leasing and real estate marketing firm The Marketing Directors. Work on the six-story rental building began in spring 2012, after LCOR secured a $50 million construction loan from German public bank Helaba. As previously reported by Crain’s New York Business, the 185,000-square-foot property was built on a vacant site that LCOR had acquired for at least $100 per buildable square foot from the Lax family, one of the big players in the diamond business.
250N10 was designed by SLCE Architects and includes 234 residences with 76 different layouts in a mix of studios, one- and two-bedroom units, with rents starting at $2,750 for a studio, $3,400 for a one-bedroom and $4,800 for a two-bedroom, according to Unique Homes. The list of amenities at 250N10 includes a café lounge that can also be used as a work zone and casual retreat with free WiFi and television, a landscaped courtyard, a fitness center with cardio and weight room, a residents lounge with pool table and flat screen TV, a furnished roof deck with a barbecue area, as well as a two-story lobby and 24-hour concierge services.
Recently LCOR teamed up with two world famous artists to jazz up the rental building. Thierry Guetta, the street artist known as Mr. Brainwash, was tapped to create an exterior mural that would honor this neighborhood’s rich history, while Chilean artist Sebastian Vargas designed 12 individual canvases that are displayed on the interior walls of the building.
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