Boerum Hill Condominium Surpasses 50% In Sales, Announces Closings And Reveals Model Residences

561 Pacific, a new condominium in Boerum Hill, Brooklyn, has many achievements despite the COVID-19 pandemic. Adam America Real Estate has announced the condo has surpassed 50% in sales, commenced initial closings, welcomed its first residents into their new home and recently revealed new model residences. 561 Pacific is designed by ODA New York with a Japanese-inspired aesthetic and much desired indoor-outdoor spaces. 

“At 561 Pacific, residents enjoy a rare combination of practical features that are notoriously elusive for New York City, including private terraces, forward-thinking designs and a highly accessible location walkable to nine different subway lines,” said Omri Sachs, the co-founder of Adam America Real Estate. “We’re seeing buyers from all over the city, as well as popular commuter towns, immediately ending their condo search after touring the expansive open floor plans at 561 Pacific and discovering the charm of living in Boerum Hill.”

Potential buyers are now able to experience new, fully furnished model residents while touring the building. These model residents are decorated to match back to the building’s sophisticated design. 561 Pacific features studio, one, two and three-bedroom residences. The Japanese aesthetic is flaunted through the green lobby with a glass wall that shows off the buildings inner courtyard and allows in extra natural light. The inner courtyard is what makes this condo unique and allows for indoor-outdoor living that is hard to find in New York. The fitness center opens onto the courtyard allowing residents to work out outside. There is also a rooftop that features BBQ stations, outdoor kitchens and lounges with views of Downtown Brooklyn, Manhattan and Barclays Center.  

Sales for 561 Pacific are exclusively overseen by Douglas Elliman Development Marketing. Pricing starts at $700,000 for a studio and ranges up to $2.275 million for a three-bedroom. The location  in Boerum Hill is in within walking distance of Barclays Center, many subway lines and the Long Island Railroad. 

211 Schermerhorn Moving Ahead as Oestreicher Properties and GPB Capital Holdings, LLC. Secure $47.9 Million Construction Loan

211 Schermerhorn, a new ground-up luxury boutique condo building in Brooklyn’s historic Boerum Hill neighborhood, has secured a $47.9 million construction loan. 211 Schermerhorn is being developed by Oestreicher Properties, a fully integrated real estate, development and construction company, and GPB Capital Holdings, LLC, an asset management firm. The loan was funded by CapitalSource, a national middle market lender and a division of Pacific Western Bank, and JLL’s Aaron Niedermayer, Aaron Appel and Brandon Krupetsky coordinated financing. 

“We are extremely pleased to have closed on this transaction and have construction for 211 Schermerhorn underway,” says Debbie Tsabari, President of Oestreicher Properties. “The financing package affirms the long-term value of this coveted neighborhood and we look forward to a successful launch of sales and marketing this fall.”
 
The mixed-use 14-story residential development will feature 48 condominiums and was designed by acclaimed architect Morris Adjmi. Units range from 1 to 3-bedroom homes with custom interiors by Adjmi and top-of-the-line appliances. The building additionally includes 10,000 SF of ground floor retail space. Amenities include a 1,138 SF communal rooftop terrace offering panoramic views of Manhattan and the New York Harbor, a lounge and media room, fitness center, children’s playroom, bike storage and private storage units available for purchase.