Orange Management’s Waverly Brooklyn 50% sold

Waverly Brooklyn, 500 Waverly Avenue - Brooklyn, NY

Brooklyn, NY According to developer Orange Management, Waverly Brooklyn, its condominium located at 500 Waverly Ave. in Clinton Hill, has reached over 50% sold and that closings are set to start in the 1^st quarter of this year. With 17 residences remaining, buyers will have the opportunity to live in a full-service development with one of the borough’s first fully-automated parking garages.

“Waverly Brooklyn is a unique product, delivering high-end design sensibility along with the solid durability of brand-new construction—yet situated among the historic buildings of a prime brownstone Brooklyn neighborhood,” said Andrew Bradfield, principal at Orange Management. “While the higher-end of the market has suffered a clear slowdown, we’ve seen an on-going influx of demand, a clear testament to our competitive price point and our 25-year tax abatement. The fact that units can be delivered in the next few months is providing buyers with an opportunity to lock-in their interest rates prior to the upcoming rate hikes expected for later this year.”

Designed by noteworthy architecture firm, GKV Architects, Waverly showcases a fresh look for Clinton Hill with its striking architectural concrete façade, a 21st century implementation of béton brut design. The seven-story boutique condominium is comprised of spacious studios to four-bedroom residences and penthouses, featuring expansive private terraces in select units throughout.

Waverly Brooklyn, 500 Waverly Avenue - Brooklyn, NY

Emblematic of the building’s cutting-edge design approach, Waverly’s automated parking garage, provided by Automotion Parking Systems, is outfitted with state-of-the-art functionality, including a laser guidance system and an ATM-like kiosk interface. Upon entry, residents are identified via a radio-frequency identification (RFID) tag displayed on their windshield and then instructed through the parking process. Once the car is properly positioned, drivers are prompted to exit the car and swipe their ID card at the kiosk, whereupon the system transports the vehicle to its proper space in the garage below. Retrieving the car is just as easy; a swipe at the kiosk brings it back into the entrance room.

 “In New York City, the ability to live in a condominium that offers the convenience and safety of an onsite parking facility is a rare amenity,” said Bradfield.  “Waverly Brooklyn is the first of its kind in Brooklyn to offer a fully-automated system to its residents.”

In addition to Waverly’s for-rent parking, the building is outfitted with a robust collection of amenities, including an attended lobby; a resident lounge with library, media center and kitchenette; second-floor terrace with outdoor cooking and dining features; a landscaped and furnished courtyard with gas grills and communal dining area; a landscaped and furnished rooftop garden with outdoor shower and prime NYC views; a fitness center; bicycle storage for rent; private storage that is available for purchase; as well as a 8,752 s/f retail space. 

Located at the nexus of Clinton Hill, Fort Greene and Prospect Heights, with numerous transportation options, including the Manhattan-bound C train just across the street, the neighborhood features a wonderful mix of boutique retailers, art galleries, entertainment venues and restaurants, including one of Brooklyn’s most sought-after pizza and burger joints, Emily.

MNS is the exclusive agent handling sales and marketing for the market-rate residences. Pricing for the remaining units start at approximately $785,000 for a one-bedroom and go up to approximately $2.1 million for a three-bedroom penthouse home.