A new condominium, the “Hello W” is coming to Morrisania after a developer purchased a lot at 1049 Washington Avenue and E 165th Street for $11.3 million.
According to The Real Deal, the 11-story building will have 104 units ranging from studios to 4 bedroom apartments and a rendering shows balconies throughout the glass structure.
With a total of 150,300 square feet, the building will 46,000 square feet of dedicate community space and an additional 26,000 for retail.
Located just north of Melrose, the site is not really accessible to public transportation so this is going to be quite a tough sell to potential buyers as the only real option is the Melrose Metro North Station just a few blocks away.
Otherwise, would be tenants would have to take a bus to the subway and we already know how horrific that can be on the 6 bus just to get to 161st and River Avenue.
There is also no mention of whether or not these would be “affordable” or sold at market rate but given the developer’s track record of constructing luxury condo developments in Brooklyn, the odds are that it too will be market-rate. No pricing has been disclosed as of yet for the units.
Once we get further details, we’ll report back on this further.