658 DRIGGS AVENUE

SARA WONG
 1. EXECUTIVE SUMMARY
2. MACROECONOMIC INDICATORS
3. DEMOGRAPHICS
4. AREA CONSUMER PROFILE
5. SUPPLY & DEMAND
6. CONTEXTUAL FACTORS
7. SIZE OF MARKET/INVENTORY
8. PROJECT RATIONALE
TABLE OF CONTENTS 9. PRICE POINTS
10. UNIT MIX AND AMENITIES
11. AFFORDABILITY ANALYSIS
12. COMPS & DEVELOPMENT PIPELINE
PROXIMITY
13. COMPS & COMPETITORS
14. PIPELINE RATIONALE
15. OTHER PROPERTY TYPES OVERVIEW
16. REFERENCES
 EXECUTIVE SUMMARY
WILLIAMSBURG,
BROOKLYN

Located at 658 Driggs Ave at the corner of Driggs Ave and Metropolitan Ave in Williamsburg, Brooklyn, The Monarch will be a residential rental
property with retail spaces on the ground floor. The building is forecasted to be fully developed by 2021 with 2,980 sq ft of commercial space on the ground
floor, supplemented by 14,400 sq ft of residential area. With a total of 21 residential units, the building apartment building will consist of twenty-one
Studio 1 Bath units (514 sq ft each); five 1 Bedroom 1 Bath units (720 sq ft each); and 2 retail spaces (1,490 sq ft each).
The building will be constructed with 17,374 sq ft gross buildable area. As a new development, The Monarch will provide each residential unit with
an open kitchen with stainless steel appliances, dishwasher, granite countertops, new bathrooms, temperature control, and a pet-friendly environment. In
addition, all residents will have access to amenities such as the gym, rooftop, elevator, and bike storage. By constructing the facade of the building with
glass, residents will be able to enjoy a great street view as well as natural sunlight. Lastly, all utility expenses and rent will be available for payment via an
online payment service. These factors serve as competitive edges for The Monarch over nearby buildings.
The Monarch will be located in a culturally diverse and ever-changing location: Williamsburg, home to many of the city’s finest eateries, boutiques,
and entertainment hubs. The Monarch will also be located in close proximity to numerous subway lines such as the L, G, J, M, Z lines; the closest station
will be Bedford Ave Station (L-line), which is a 6-min distance by foot. With convenient access to public transit, excellent in-unit features, and cultural
events, there is no doubt that The Monarch will be an ideal residence for all.
 MACROECONOMIC
INDICATORS

The graph above represents the trend in unemployment over the past few
years in NYC (blue) and U.S. (yellow).
● Unemployment rate fell 4.0% in Q4 of 2019 from 4.2% in Q3 of 2019,
Real Gross Domestic Product (GDP) is a measure of all final goods and services matching its record low of 4.0% in third and fourth quarters of 2018
produced within a time period in a country. GDP increased by: ● Brooklyn: 4.0% in Q4 of 2018 → 3.8% in Q4 of 2019
● 2.1% in Q3 2019
● 2.1% in Q4 2019

● Total venture capital investment in the U.S. decreased 42.8% to $22.78

Consumer Spending in the United States increased to $13,413 Billion in the 4th
quarter of 2019 from $13,353 Billion in the 3rd quarter of 2019 (0.4% increase from
3rd Quarter).
billion from its record high $39.83 billion in Q4 2018.
● The NY metro area’s share of VC investment increased to 13.3% in Q4 2019
from 6.1% in Q4 2018.
● The number of VC deals in the U.S., San Jose-San Francisco-Oakland, CA,
and the New York metro area fell in Q4 2019, on a year-over-year basis,
reflecting a trend to fewer investments at higher values.
 MACROECONOMIC
INDICATORS

Case Shiller measures changes in the prices of single-family in 20 cities by

comparing the sale prices of the same properties over time. As seen in the
graph above, the positive trend in the National and NYC Case Shiller
demonstrates consumer confidence in investing in real estate.

The Luxury Housing Market Index measures the trend in home sales price
from the top 5% of a selected local market.
Housing Starts can be utilized as an economic indicator to measure the
According to Realtor.com the luxury housing market in:
number of new residential constructions underway; the data conveys the
● The NY-NJ-PA metro area decreased by 0.94% from Q4 of 2018 to
general direction that the economy is heading. Since 2011, housing starts
Q4 of 2019
have been increasing annually at a steady pace, confirming the feasibility
● New York City alone has decreased by 7.28% from Q4 of 2018 to
of a development project.
Q4 of 2019
 DEMOGRAPHICS
BROOKLYN COMMUNITY DISTRICT 1
FEMALE MALE
RENT BURDEN 50.6% 49.4%

24.1% RESIDENTS ARE

FOREIGN BORN

POPULATION BY AGE RACE & ORIGIN BREAKDOWN

POPULATION
161,000
CONNECTED BOHEMIANS URBAN ELDERS
● Median Household Income: $59,424 ● Median Household Income: $71,448
● Neighborhood: Urban ● Neighborhood : Urban
● Age Ranges : 25-44 ● Age Ranges : Age 55+
● Presence of Kids : Mostly w/o Kids ● Presence of Kids : Mostly w/o Kids
● Homeownership : Renters ● Homeownership : Renters
● Employment Levels : Management and Professional ● Employment Levels : Mix
● Education Levels : Graduate Plus ● Education Levels : Graduate Plus
● Food: organic/health ● Shops at Bloomingdales
● Shops at Nordstrom ● Attends marathons and cultural experiences
● Uses Spotify streaming services, Yelp ● Watches State of the Union and Tony Awards

CONSUMER PROFILE
MULTI-CULTI FAMILIES TARGET
● Median Household Income: $47,514
We are targeting a customer that is young with
● Neighborhood : Urban
one or no kids or a customer who is in university.
● Age Ranges : Age <55 This customer can benefit from all of the
● Presence of Kids : Family Mix amenities of the area such as the nightlife, dining,
● Homeownership : Mix parks, and retail.
● Employment Levels : Mix
● Education Levels : Some College The average household income of a Williamsburg
resident is $91,310 and a student spending from
● Shops at Ross Dress For Less
the parent’s wallet could easily afford.
● Follows global sports
● Watches Telemundo
 SUPPLY AND DEMAND
Q1 2019:
NATIONAL
RENTAL
VACANCY
7%

Brooklyn’s private sector

WILLIAMSBURG LOCAL JOBS WILLIAMSBURG RENTAL VACANCY employment grew at the
quickest pace in the New York
City Region at +4.5% per year
and more than four times the
2010 UP
2017 2010 DOWN 2017 U.S. average annual growth since
14,907 27,193 3% 2.3% the 2008.

Brooklyn has added more than

Since 2008, the up-zoned areas of 100,000 institutional jobs since
OCCUPIED HOUSING UNITS 55,503
Williamsburg and Greenpoint added 2008 (+5.0% per year),
OWNER OCCUPIED 7,729 more than 11,000 new jobs, resulting accounting for 24% of the
in employment that grew at a 50 region’s gain despite housing
percent faster rate than the rest of only 13% of the Region’s private
RENTER OCCUPIED 47,774
New York City. sector institutional employment.
 CONTEXTUAL FACTORS
PARKS

DRINKING ;)

SHOPPING

Williamsburg is one of the most desired

neighborhoods in NYC. It has developed from an
industrial area to a pop-culture darling and a force in
defining NYC trends. The rezoning of 19 waterfront
blocks in 2005 resulted in the development of luxury
residential towers and a major demographic shift.
Williamsburg is now known for its nightlife, dining,
waterfront parks, and shopping bringing together
locals and tourists alike. DINING

The L Train is a 10 minute ride to Manhattan.

 MARKET &
INVENTORY
420 KENT
The rezoning of the waterfront
saw the emergence of luxury high
rises with the best view, amenities,
and design with a price tag to
match.
The introduction of luxury residential
has caused the majority of housing,
brownstone walk ups, to increase in
value or potentially be redeveloped.
9% of the land use in
Williamsburg is
comprised of mixed
residential and
commercial buildings.
The largest land use is
multifamily walk-ups
at 27%.
The impact of gentrification and the arrival of
higher-income residents is evident in Williamsburg
where household incomes more than doubled between
2000 and 2016. (NYState)
According to Streeteasy, in the past year, Williamsburg’s
annual rental growth was 7% and annual sale price
growth was 2%. There was a total of 41 new
developments and a 48% growth in number of
325 KENT searches.
The Williamsburg market is largely credited to the
convenience of the L Train, which allows passengers
to arrive at Union Square in less than 15 minutes.
 PROJECT RATIONALE
ARTIST EXPANSION
The migration of artists is often a
leading indicator of neighborhood
gentrification. Nightlife, cafe’s and
other trendy spots follow, making
the area desirable to young crowds.
Of ten neighborhoods with the
largest increase of artists from 2000
to 2015, Williamsburg was second
on the list at 75%.
HIGH ACCESSIBILITY RAPID JOB GROWTH
Brooklyn accounted for 26% of all
private sector jobs created in New
York City between 2009 and 2018,
highest of all outer boroughs.
Studies have shown that New
Yorkers will pay extra in rent for
every minute saved in commute
times. Areas with better subway
access also have better restaurants,
conveniences and nightlife. The
Monarch is a 6 minute walk to the L
Train, which takes just ten minutes
to arrive at Union Square station in
Manhattan.
 RESIDENTIAL P RETAIL
AVERAGE RENTS
R 4 Williamsburg retail corridors
STUDIO 1 BED 2 BED surveyed witnessed declines in

WILLIAMSBURG $3,024 $3,472 $4,056

I OF
FIVE
ground floor average asking rents
during the winter of 2019

BROOKLYN $2,604 $3,216 $3,500

C
E Along Bedford Avenue, between
North 8th Street and North 12th
Street, the average asking rent fell to
$147
(17% decline)
PSF

P Above Grand Street and up to North

$319
O
8th Street, the average asking rent
decreased 11 percent compared to
SF/YR last year

I
According to REBNY’s Brooklyn Retail Advisory Group,
N over the past year, asking rents along the corridor
underwent price corrections to levels that have reflected

T the recent uptick in retail transactions. Prime spaces

have been leased by tenants such as Alo Yoga, Chase,
and Sephora. Current asking rents are based on the
Price points are skewed up by the introduction of
several luxury high rises in the recent year.
$ leftover available space and no longer include these
pricier spaces.
 UNIT MIX 17,374
SF GBA AMENITIES
UNIT # OF UNITS SIZE (sf) RENT PER MO
WOW
STUDIO 21 514 $2,650
!!!
1 BED 5 720 $3,150

RETAIL 2 1,490 $14,900

RETAIL
1 BEDROOM (5)

1 BED

STUDIO (7)
STUDIO

● Kitchen with stainless steel appliances, dishwasher, granite

STUDIO (7)
countertops
● New bathrooms
OCCUPANCY:
● Temperature control
95% STUDIO (7) ● Pet-friendly
● Gym
EXIT CAP RATE: ● Rooftop
5.2 RETAIL RETAIL ● Elevator
● Bike storage
*A 90% EFFICIENCY FACTOR WAS USED TOWARDS CALCULATIONS
 AFFORDABILITY ANALYSIS
Among the top 5 most common jobs:
Studio Average male salary $81,551
Rent Per Year: ($2,650)(12)=$31,800 Average female salary $68,127
Rent burden: /30% Two males living together will be able to afford both options
Rent Burden Floor Income=$106,000 Two women living together can afford the studio
Male and woman living together can afford both options
1 Bedroom
Rent Per Year: ($3,150)(12)=$37,800 Same sex marriage is legal in New York City
Rent burden: /30%
Rent Burden Floor Income=$126,000
Increased demand for
TARGET 1: below highest paid housing:
Brooklyn’s private sector
TARGET 2: Students at private showed large growth,
universities with parents especially in office jobs.
● Pratt University
This sector represented the
● New York University
● The New School highest valued
● Fashion Institute of employment, earning an
Technology average of $131,600.
● Pace University
 COMPS:
RESIDENTIAL
STUDIO:
COMP 1- 0.5 mi
COMP 2- 0.6 mi
COMP 3- 0.5 mi
COMP 4- 0.5 mi

1 BEDROOM:
COMP 5- 0.6 mi
COMP 6- 0.07 mi
COMP 7- 0.8 mi
COMP 8- 0.1 mi

PIPELINE:
PIPELINE 1- 0.6 mi
PIPELINE 2- 1.2 mi
PIPELINE 3- 0.2 mi

Snapshot:
Williamsburg, Brooklyn
 COMP 1
144 North 10th Street
Stories: 6
Units: 23
Average Rent: $2,850 monthly
Average Unit Size: 675 sq ft
Year Built: 2006
Gross Sq. Footage: 36,760 sf.
Unit Mix: Primarily studios, 1 bedroom,
and 2 bedroom units
Amenities: Doorman, Elevator,
Pet-Friendly, Washer/Dryer In-Unit,
Roof Deck, Dish Washer, and
Temperature Control
COMP 2
154 Hope Street
Stories: 6
Units: 42
Average Rent: $2,625 monthly
Average Unit Size: 500 sq ft
Year Built: 2009
Gross Sq. Footage: 35,000 sf.
Unit Mix: Balanced mix of studios, 1, 2, 3
bedrooms units as well as 4 bedroom
units
Amenities: Virtual Doorman, Elevator,
Roof Deck, Gym, Lounge, Storage,
Parking
COMP 3
15 Jackson Street
Stories: 8
Units: 44
Average Rent: $2,476 monthly
Average Unit Size: 675 sq ft
Year Built: 2016
Gross Sq. Footage: 37,592 sf.
Unit Mix: Composed of studios, 1
bedroom, 2 bedrooms as well as 3
bedroom units
Amenities: Post War, Central AC, Video
Intercom, Elevator, Lounge, Fitness
Center, Laundry Room
COMP 4
65 Ainslie Street
Stories: 5
Units: 47
Average Rent: $2,800 monthly
Average Unit Size: 468 sq ft
Year Built: 2010
Gross Sq. Footage: 64,900 sf.
Unit Mix: Consists of studios, 1
bedroom, 2 bedrooms, and 3 bedroom
units
Amenities: Elevator, Virtual Doorman,
Storage, Gym, Lounge, Roof Deck,
Pet-Friendly, AC

COMPS: STUDIO
 COMP 5
460 Grand Street
Stories: 5
Units: 14
Average Rent: $3,128 monthly
Year Built: 2018
Gross Sq. Footage: 15,427 sf.
Unit Mix: Only 1 bedroom units.
Amenities: Roof Deck, Unit Balconies,
Elevators, and Parking
COMP 6
291 Metropolitan Ave
Stories: 5
Units: 27
Average Rent: $3,228 monthly
Year Built: 2014
Gross Sq. Footage: 33,918 sf.
Unit Mix: Mixture of 1, 2, 3 bedrooms as
well as two 4 bedroom units.
Amenities: Indoor Garage Parking, Bike
Storage, Lounges, Virtual Doorman,
Code-Secured Entry, and Communal
Courtyard/Patio and Roof Deck
COMPS: 1 BED
COMP 7
281 Union Ave
Stories: 7
Units: 33
Average Rent: $3,100 monthly
Year Built: 2014
Gross Sq. Footage: 30,893 sf.
Unit Mix: Mainly comprised of 1 and 2
bedroom units.
Amenities: Gym, Laundry In Building,
Parking Garage, Bike Storage, Elevator,
Lounge, Roof Deck, Community wifi
COMP 8
170 N 5th Street
Stories: 4
Units: 16
Average Rent: $3,250 monthly
Year Built: 2013
Gross Sq. Footage: 14,504 sf.
Unit Mix: Mainly comprised of studio, 1,
and 2 bedroom units.
Amenities: Gym, Laundry In Building,
Parking Garage, Bike Storage, Elevator,
Lounge, Roof Deck, Community wifi
PIPELINE 1
302 Broadway
Status: Under Construction
Owner: 302 Broadway LLC
Stories 6
Units: 24
Unit Mix Residential and Office Mix
GBA (sq. ft.):36,000
Distance (mi): 0.6
Year Complete: 2020
PIPELINE 2
85 Rutledge Street
Status: Under Construction
Owner: Yesh Properties
Stories 5
Units: 12
Unit Mix Residential and Office Mix
GBA (sq. ft.): 20,880
Distance (mi): 1.2
Year Complete: 2020
PIPELINE
PIPELINE 3
228 Berry Street
Status: Under Pre-construction
Owner: Cornell Realty
Stories 5
Units: 40
Unit Mix Residential and Office Mix
GBA (sq. ft.): 51,000 (27,300 sq. ft. for residential)
Distance (mi): 0.2
Year Complete: Unknown
COMPS: RETAIL
9

BEDFORD AVE
11 12

BERRY ST
10
N 5TH ST

DRIGGS AVE
Retail:
COMP 9- 0.2 mi
AVE COMP 10- 0.2 mi
LI TAN COMP 11- 0.4 mi
RO PO
MET COMP 12- 0.4 mi
N 3RD ST

N 1ST ST

ST Snapshot:
GRAND
Williamsburg, Brooklyn
 COMP 9 COMP 10 COMP 11 COMP 12
536 Driggs Ave 209 Bedford Ave 111 N 6th Street 107 N 6th Street
Ground Floor Ground Floor Free Standing Ground Floor
1,300 SF 1,200 SF 2,300 SF 1,850 SF
Negotiable Term Term Dec 2022 Negotiable Term Negotiable Term
$115 SF/YR $150 SF/YR $120 SF/YR $175 SF/YR
Partial Build Out Full Build Out Standard Retail Build Out Raw Space
Built 1910 Built 1900 Built 1910
16 ft ceiling
11 ft ceiling Rate includes utilities, building services, 27 ft frontage 11 ft ceiling
12.5 ft frontage and property expenses 28 ft frontage
Amenities: Restrooms, potential
Amenities: Private Restrooms, central mezzanine, few blocks from L train New storefront can be provided
AC, directly off L train

COMPS: RETAIL
 OVERVIEW: OFFICE
A relatively high vacancy rate of 37% can be credited to the arrival of new
construction deliveries and the addition of available spaces at existing
properties in Williamsburg. “The performance of these office projects in the
rapidly growing office district could pave the way for continued
development activity going forward” (JLL). With that said, the ratio of Class
A buildings under construction/renovation (SF) to the current inventory
(SF) in Williamsburg is greater than that of any other submarket, attracting
renowned tech and creative firms looking to relocate. Due to the
desirability of the submarket, Williamsburg seems to have the highest
market rental rate at $70.51.

In Q4 of 2019, the leasing activity in Brooklyn was driven by

the demand of high-quality office occupiers seeking new
construction options in vibrant mixed-use neighborhoods
such as Williamsburg. Of the total 352,000 sq. ft of leasing
activities in Brooklyn, 89,000 sq. ft was registered in
Williamsburg/Greenpoint. Availability Rate refers to the ratio of available space* to total rentable space.
*Available Space: The total amount of space that is currently being marketed as available for lease in
a given time period. It includes any space that is available, regardless of whether the space is vacant,
occupied, available for sublease, or available at a future date.
 OVERVIEW: INDUSTRIAL
The macro-indicators for industrial properties in the U.S illustrate that the market
is at its peaking phase as rent growth increased on a year-to-year basis since 2011;
however, the Y-o-Y rent growth has slowed down in 2019. This is also true for the
industrial market in New York City and Brooklyn in specific: demand faltered amid
rapidly escalating prices; industrial tenants eye greater affordability.
Fueled by the desire for residential, retail, and office space in the
outer boroughs, industrial demand is evolving in New York City.
Rental rates on existing properties in Brooklyn and Queens have
been increasing due to zoning changes and redevelopment
potential. This phenomenon has pushed prices per square foot to the
mid-$480 range, with cap rates that will approach the low-5% area.
However, premium locations can extend pricing much higher,
particularly for sites that are near subway stops.
As rental rates on existing properties along the East River in Brooklyn
and Queens are priced to reflect their redevelopment potential,
existing industrial tenants have been prompted to venture to more
affordable locations further from the metro core. As traditional
industrial tenants have migrated outward, developers have been
slow to engage in additional supply growth, prompting an extremely
tight vacancy in key industrial hubs in eastern Queens and Brooklyn,
as well as the Bronx.
 OVERVIEW: HOTEL
2007 - 2017 2017 2017
211.5% 6707 1.5
INCREASE IN BROOKLYN PERCENT
BROOKLYN HOTEL DECLINE
HOTEL SUPPLY PIPELINE IN ADR

NYC CHANGE IN HOTEL ROOM SUPPLY BY BOROUGH, 2007-2017

The new cohort of hotels in Williamsburg is classified as
Upscale, more so than in any other submarket. These hotels
tend to be independent rather than branded.

“AIRBNB EATING
UP SCARCE
RENTALS IN
WILLIAMSBURG” THE WILLIAM VALE, 2016 WYTHE HOTEL, 2012
- ARTICLE,
Williamsburg Hotel Drive: 2016
● Proximity to Manhattan
● Access to public transportation
● Presence of services and amenities in neighborhood
● Significant office or commercial market
● Existing critical mass of hotels in neighborhood THE WILLIAMSBURG HOTEL, 2017 1 HOTEL BROOKLYN BRIDGE, 2017
 CONCLUSION
Over the past decade, Brooklyn has outperformed the rest of New York City in industries fueled by technology, creativity, and invention, adding thousands of
well-paying jobs as well as further diversifying the borough’s economy. However, the data also demonstrated that as the number of jobs in the city increased
and new housing did not keep up to pace with demand. Taking note of this phenomenon, we realized that there was an untapped residential development
opportunity with the influx of young, single individuals with financial activities, information, and technical service jobs (earning an average of $131,600 per
worker). Because of these factors, we ultimately decided that a residential rental property with retail spaces on the ground floor would be the most successful
and feasible development option to pursue. We strategically decided upon developing only studio and 1-bedroom units in order to satisfy the needs of our
niche consumer, and, ultimately, give us an advantage in the market.

Despite the macro-economic indicators highlighting strong private sector employment growth as well as increased demand for offices in new development
options, we noticed that the office market vacancy in Williamsburg is already at 37%. According to JLL, “some of these developments are likely to temporarily
increase vacancy rates in upcoming quarters, especially when considering their scale as a percentage of the existing inventory and the prospect that most
potential occupiers would consider these properties as they near delivery.” We acknowledge that there is lag in the development process; with the current
forecasted developments/renovations of office buildings in Williamsburg, pursuing such development would mean taking on a high risk of office saturation
and, ultimately, vacancy. In general, office uses tend to require a relatively large footprint, implying necessity for site assemblage. As a consequence of high
cost of construction, office rents in commercial/manufacturing zones may not be enough for justification of a ground up development. Therefore, not only are
developers usually unwilling to undertake office projects without an anchor tenant, but banks may also require greater equity contribution due to the
perceived higher risk of such development program.

In terms of the industrial market on a national scope, it is evident that the industrial market is in the peaking phase as the market shows signs of saturation,
record high rent PSF, etc. This is also applicable in the industrial sector of Brooklyn and Williamsburg in that Y-o-Y rent growth has slowed down and tenants
are seeking refuge to more affordable areas in the outer boroughs. However, in general, new industrial developments often do not provide a threshold rate of
return since industrial spaces usually generate lower rents than that of commercial spaces. Lastly, adding to the difficulty of new industrial development,
industrial uses typically require larger sites than those that may be available in the M1 zones.

In the past decade or so, the hotel sector in Brooklyn has had strong growth; the supply of hotels in Brooklyn has grown over 200% since 2007 and demand
has kept up to pace. However, in the past year or two, we noticed that with the rise of Airbnb and platforms alike, the demand has shifted to Airbnb due to its
convenience and greater affordability. To compensate for these changes, hotels have been lowering ADR to maintain stable occupancy rate.

With this in mind, The Monarch will cater to the demographic that is not quite enough well off to live lavish on the waterfront but still wants to take advantage
of the thriving culture and convenience that Williamsburg has to offer. Ultimately, we will utilize the increase in startup activity and growth in office spaces in
Williamsburg as leverage for success with expectations that hundreds of more well-paying jobs as well as young professionals will relocate to Brooklyn. They
will find themselves on the corner of Driggs and Metropolitan Avenues, at the doorstep of The Monarch.
 REFERENCES
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.pdf
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https://www.us.jll.com/en/trends-and-insights/research/industrial-market-statistics-trends
https://www.rebny.com/content/rebny/en/newsroom/press-releases/2018_Press_Releases/Brooklyn_Retail_Average_Asking_Rents_Increase
https://www.marcusmillichap.com/research/researchreports/reports/2019/03/15/new-york-city-industrial-r
_in_7_of_16_Prime_Corridors_Summer_2018.html
esearch-market-report
https://datausa.io/profile/geo/greenpoint-&-williamsburg-puma-ny
https://www1.nyc.gov/assets/planning/download/pdf/plans-studies/m1-hotel-text/nyc-hotel-market-analysi
https://brooklyneagle.com/articles/2019/11/08/nycs-housing-supply-cant-keep-up-with-its-job-growth-report/
s.pdf?r=a
https://www1.nyc.gov/assets/planning/download/pdf/planning-level/housing-economy/nyc-geography-jobs2-1019.pdf https://lwhospitalityadvisors.com/wp-content/uploads/2018/04/18-NY-004_M1-Zoning-Hotel-Market-Anal
Comp 1: https://streeteasy.com/building/144-north-10-street-brooklyn#tab_building_detail=3 ysis.pdf
https://streeteasy.com/rental/2933512 https://patch.com/new-york/williamsburg/study-airbnb-eating-scarce-rentals-williamsburg-greenpoint-bus
https://tinyurl.com/y7wmtune hwick
Comp 2:https://tinyurl.com/y7urc2pm Pipeline
https://streeteasy.com/rental/2471994 1:https://newyorkyimby.com/2019/09/foundations-at-302-broadway-ready-for-vertical-ascent-in-williamsb
https://streeteasy.com/building/espoir-154-hope-street-brooklyn#tab_building_detail=3 urg-brooklyn.html
https://www.cityviewnyc.com/buildings/the-espoir-156-hope-street-brooklyn-ny/162591/ https://tinyurl.com/ybkuuuw4
Comp 3: https://tinyurl.com/y9gaejg9 http://coughlinarchitecture.com/302-broadway/
https://streeteasy.com/building/11-jackson-street-brooklyn#tab_building_detail=3 Pipeline 2:
https://streeteasy.com/rental/2795850 https://newyorkyimby.com/2019/04/beam-architects-reveal-renderings-for-85-rutledge-street-in-williamsb
https://www.cityrealty.com/nyc/williamsburg/15-jackson-street/58903 urg-brooklyn.html
Comp 4: https://streeteasy.com/rental/2996664 https://tinyurl.com/yaro6mkg
https://streeteasy.com/building/452-keap-street-brooklyn Pipeline 3:
Comp 5: https://tinyurl.com/ya7r5p2h https://newyorkyimby.com/2018/09/rendering-revealed-permits-filed-for-228-berry-street-williamsburg-br
https://www.cityrealty.com/nyc/williamsburg/460-grand-street/173431 ooklyn.html
https://streeteasy.com/building/460-grand-street-brooklyn/floorplans https://tinyurl.com/y7dxnh4t
Comp 6: https://streeteasy.com/building/291-metropolitan-avenue-brooklyn/rental/3014612?card=1 Map:
https://www.google.com/maps/place/Williamsburg,+Brooklyn,+NY/@40.7135046,-73.9611303,15.64z/da
ta=!4m5!3m4!1s0x89c25bfd06c12a41:0x8279f2291cc5d76c!8m2!3d40.7081156!4d-73.9570696