260 Gold Street
Update
06/14/22
New Apartment Building Trades for $225M in Downtown Brooklyn
A brand new apartment building, located at 260 Gold Street in Downtown Brooklyn has just been sold for $225 million. It was purchased by Dalan Management from the developer and previous owner, Bruman Realty, in a deal brokered by Cignature Realty Associates.
Recently completed in October of 2021, the 13-story structure contains rental apartments. Most of these were sold at market rate, with just under a third of the units set aside for affordable housing.
Tenant amenities include a fitness center, residential lounge, theater, game room, co-working area, children's room, pet spa, bicycle storage, and a roof terrace. There is also an enclosed parking garage with enough room for vehicles.
The building's interior was envisioned by StudiosC Architecture, and many of the common areas feature beautiful touches, such as the multi-story waterfall found in the lobby.
Designed by , 260 Gold Street stands feet tall and totals square feet. Bruman Realty built the property under NYC's 421a tax-abatement program, thus exempting them from paying taxes in exchange for including affordable units. With this program set to expire on June 15th, the sale was a perfectly timed offloading.
