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Brooklyn Daily Eagle

First Green Building in DUMBO/Vinegar Hill Completed, Move-in Ready

By: Linda Collins
Published: 3/30/2010Source: Brooklyn Daily Eagle

VINEGAR HILL - The first green condominium building in the Vinegar Hill/DUMBO area is completely finished and 50 percent of its units have sold, it was announced on Thursday.


The five-story building, at 100 Gold St., between Front and York streets in Vinegar Hill, has 10 units, two per floor, according to its developer and licensed architect Anthony Morena of the REDD (Real Estate Design & Development) Group, who made the announcement.


Morena, who calls himself a "design and management developer," said five units have sold and one could have a signed contract by week's end. The first closings are anticipated to take place in about two weeks.


"It came out nice and we're priced better than nearby developments," he said during a tour of the building Monday. "We're not in DUMBO, we're one block away, but we offer the same kind of quality product and at a lower price."


Morena also noted that people seem to want to live in a green building - they appreciate it - but they're not going to pay more for it.


"There will be a push to build green now, by the city and others, but we'd rather do it well and do it before everyone else," he said.


Units, which range in size from about 700 to 1,100 square feet, include a studio duplex and a one-bedroom duplex on the first floor and basement levels and two two-bedroom duplexes on the top two floors. The middle two floors are all one-bedroom units, he said.


Prices range from $435,000 for the studio duplex to $885,000 for a penthouse duplex. The one-bedrooms have asking prices ranging from $450,000 to $490,000.


The studio duplex is described by Steve Gerber of The Corcoran Group, who is handling sales along with Clare Saliba, as a "perfect live/work apartment."


But all of the units have amenities like a washer/dryer, 9-foot windows and central air and heat, according to Gerber.


Those facing the rear - with west and north views - have balconies.


"Anthony has done a great job. It's clean, it's modern, it's sleek," he said. "And people appreciate the finishes - like the recessed lighting in the living rooms. It's unusual for a developer to do that."


Other amenities include bike and storage units, a common roof deck and a "Virtual Doorman" service. Additionally, garage parking will be provided by the developer for one year and FHA financing has been approved.


Completion of the building and the FHA financing have proved helpful, according to Morena.


"We're getting a great response from first-time buyers, mostly young couples," he noted.


Green elements include zero VOC paint (no chemicals), manufactured in Brooklyn; Energy Star appliances, radiant heat in the floors, and the use of recycled materials, like terrace and roof pavers of recycled tires.


He even used a local Brooklyn designer, David Alhadeff of Future Perfect, to create and furnish the model apartments.


Future plans for Morena include a sister building adjacent to this one - once this one is completely sold.