316 Bergen

Rendering: ODA

Boerum Hill rental The Bergen has traded to a private European investor for $52.2 million.

Developed by the Naftali Group and completed this year, the eight-story, 84-unit building on the corner of Third Avenue and Bergen Street measures about 54,700 square feet. Savills Studley brokered the transaction.

ODA Architecture designed the project, which began leasing in the spring with studios starting at $2,169, one-bedrooms at $2,608 and two-bedrooms at $3,996, Brownstoner reported.

Interiors have white oak floors, solar shade windows, stainless steel appliances, open island kitchens with Caesarstone countertops and porcelain tile bathrooms with deep soaking tubs. Many apartments have in-unit washer/dryers, and select residences offer private exterior space.

Amenities include a full-service lobby, media lounge with wet bar, gym, an interior courtyard “inspired by the High Line,” landscaped roof deck with outdoor kitchen, valet parking, bike storage and private storage.

The entire building first went on the market in June, the New York Post reported. Market sources predicted that the building could fetch “well over $50 million” or just more than $1,000 per square foot.

“This is an ideal investment for offshore purchasers,” Borja Sierra, executive managing director and head of US Capital Markets for Savills Studley, said in a statement. “It offers safe returns and compelling growth prospects in a market that is well-positioned for the future.” Several of the prospective buyers were international groups that were new to the market.

Naftali Group’s numerous projects include 234 East 23rd Street in Gramercy and The Seymour in Chelesa.

Developments featured in this article

More Like This

Facebook Chatter