Steuben, Greystone’s Second Clinton Hill Rental Building, Surpasses 50 Percent Leasing

NEW YORK, Sept. 13, 2017 (GLOBE NEWSWIRE) — Greystone Development, a New York-based real estate development company, today announced that Steuben, one of Greystone’s two Clinton Hill rental buildings collectively dubbed Myrtle & Steuben, is over 50 percent leased. Dave Maundrell of Citi Habitats is exclusively handling the leasing for these properties.

Located at 100 Steuben Street, Steuben is an eight-story residential bulding featuring 43 residences. Designed by AB Architekten, the building offers renters studios to three-bedroom units ranging from approximately 460 to 1,140 square feet, some of which come with private outdoor space. Other building amenties include a resident lounge, game room, co-working space, fitness center, virtual doorman, rooftop terrace, as well as bike and resident storage. Net effective rents for Steuben start at $2,542.

Myrtle, the first phase of the development, is located around the corner at 531 Myrtle Avenue. Myrtle launched leasing in January 2017 and is 100% occupied.

“Both Clinton Hill properties have been incredibly successful with leasing efforts and indicate a strong rental market and high demand for similar products in this neighborhood,” said Jeffrey Simpson, head of Greystone Development. “With Clinton Hill currently experiencing a residential renaissance, we wanted to develop high-quality residences in this neighborhood and bring elevated housing options to its residents.”

Steuben is situated in the heart of Clinton Hill, and is within walking distance of several major public transportation routes. This dynamic and vibrant neighborhood offers a wide variety of restaurants, coffee shops and retail stores and is only a short distance from Pratt Institute, the Barclays Center and Fort Greene Park.

“There is very strong demand for premium boutique properties like Myrtle & Steuben in today’s New York City rental market. Given Clinton Hill’s appealing central location, mix of local buisnesses and neighborhood-like feel, it is no surprise that the properties are experiencing such great success,” 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
KMarotta@Greyco.com