Greystone Development Releases New Rental Inventor

NEW YORK, July 10, 2017 (GLOBE NEWSWIRE) -- Greystone Development , a New York-based real estate development company, announced the official start of leasing for Steuben - located at 100 Steuben Street in Clinton Hill, Brooklyn. Steuben is the second of a pair of new luxury rental buildings developed by Greystone Development. The first, Myrtle, located around the corner at 531 Myrtle, launched leasing in January 2017 and is 100% occupied.

Envisioned by AB Architekten, Steuben is an eight-story residential building thoughtfully designed to retain historic aspects of the Civil War Era buildings that define the neighborhood. The 43 residences consist of studios to three-bedroom units ranging from approximately 460 to 1,140 square feet, with some featuring private outdoor space. The anticipated net effective rents start at $2,000 and are being handled exclusively by Dave Maundrell and his team at Citi Habitats New Developments.

“With the rapid absorption in just four short months for rental units at 531 Myrtle, we are anticipating strong demand for its sister property, Steuben, as well,” said Jeffrey Simpson, Head of Greystone Development.

“As the summer leasing season kicks into high gear, we’ve experienced strong interest, with the leasing team already inundated with applications,” said Jill Preschel, VP of Marketing.  

Steuben includes a full range of amenities for residents including a fitness center with a courtyard view; common rooftop with barbecue; resident media lounge with co-working space and game room; virtual doorman; bike storage; and resident storage. Located within walking distance of several major public transportation routes, the development is situated in the heart of Clinton Hill. This vibrant, dynamic neighborhood offers a wide variety of restaurants, coffee shops and retail stores and is only a short distance away from Pratt Institute, Barclays Center and Fort Greene Park.

“Myrtle Avenue has recently undergone a transformation into one of Brooklyn’s premier retail corridors, helping drive interest in the desirable Clinton Hill neighborhood. We are excited to introduce the second state-of-the-art rental building to potential renters looking for a luxury living experience in the heart of North Brooklyn,” said Maundrell.

For more information, visit www.myrtleandsteuben.com .  

About Greystone Development Greystone Development is a full-service real estate developer. Since 1992, Greystone has acquired, repositioned and developed over $2 billion in properties nationwide spanning approximately 3.5 million square feet. Our portfolio is diverse, comprised of condominium, rental, office, retail, mixed use and healthcare properties. Greystone Development is currently developing 15 real estate projects in premier markets such as New York, Miami and Palo Alto. For more information, visit www.greystonedevelopment.com . Greystone Development is a part of the Greystone group of companies, active in real estate lending, investment and advisory. For more info, visit www.greyco.com .

About Citi Habitats As one of New York City’s leading real estate brokerages, Citi Habitats operates nine offices in the boroughs of Manhattan and Brooklyn.  The firm offers a variety of real estate services including existing apartment rentals, townhome, condo, co-op, and investment sales, new development marketing and relocation services.  Citi Habitats is owned and operated by NRT LLC, a subsidiary of Realogy Holdings Corp., a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services. For more information, please visit us at www.citihabitats.com .

PRESS CONTACT: Karen Marotta Greystone 212-896-9149 Karen.Marotta@greyco.com