Brooklyn Toren Condos 80 Percent Sold; Human Rights Watch Expands Empire State Building Lease

By Veronica Grecu, Associate Editor Recent reports issued by BFC Partners and the Corcoran Group reveal that Brooklyn’s iconic new Toren condominium tower is over 80 percent sold. The 37-story building is located at 150 Myrtle Avenue at Flatbush Avenue, right [...]

Recent reports issued by BFC Partners and the Corcoran Group reveal that Brooklyn’s iconic new Toren condominium tower is over 80 percent sold. The 37-story building is located at 150 Myrtle Avenue at Flatbush Avenue, right in the heart of Downtown Brooklyn, an area undergoing major transformation. The 240-unit condo tower features floor-to-ceiling windows, spacious layouts and extensive amenities such as a multi-level roof garden, an outdoor screening area, a 2,000-square-foot fitness center, an indoor swimming pool and sauna, a library, a two-level attended parking garage and a 24-hour attended lobby.

Toren is FHA- and Fannie Mae-approved, which makes it easy for buyers to move in immediately. According to the official statement, Toren’s top eight floors include eight one-bedroom penthouse units and 24 duplex two- and three-bedroom penthouse units with double-height living rooms and floor-to-ceiling windows. The rest of the units, ranging from 450 to 1,987 square feet, are studios, one-, two- and three-bedroom apartments with prices between $395,000 and $1.45 million.

In commercial real estate news, Citybizlist reports that Human Rights Watch, an organization that advocates for human rights worldwide, has consolidated its footprint at the Empire State Building by renewing its existing lease of 45,783 square feet of space on the entire 34th floor and part of the 35th floor and adding another 24,299 square feet on part of the 33rd floor and the remainder of the 35th floor. The group was represented in the transaction by Brian Waterman, Larry Bank, Kenneth Kronstadt and Rick Kramer of Newmark Knight Frank. The terms of the lease, such as asking rents and expiration date for the new lease, remained undisclosed.

Photo courtesy of Toren Condo website