Prolific developer plans to construct 59-unit luxury rental

CW Realty has acquired 251 Front Street, a 20,000-square-foot corner development lot in the Vinegar Hill section of Brooklyn. The $20-million sale was arranged by Brendan Maddigan and Ethan Stanton of JLL.

The largest undeveloped site in Vinegar Hill, 251 Front is situated just one block from the border of Dumbo, and features 400 feet of frontage on Front, Gold and Water Streets. Located just minutes from the waterfront, the property was one of the neighborhood’s most sought-after land parcels, and Tocci Brothers, the seller, fielded numerous bids from prospective buyers before closing on the sale to Brooklyn-based CW Realty.

CW Realty plans to leverage its successful track record of north Brooklyn development to build a five-story, 59-unit luxury rental apartment building with a range of amenities including a fitness center and a parking garage. Construction on the project is expected to begin in June.

251 Front will offer residents a convenient location and the vibrancy that has increasingly been associated with north Brooklyn, including some of the city’s most sought-after retail and dining options. The property is minutes from the F train — providing access to Manhattan — and is within walking distance of the commercial hubs of Downtown Brooklyn and Dumbo.

CW Realty has a significant portfolio in North Brooklyn, including 119-123 Kent Avenue, which the firm redeveloped into luxury residences and ground-floor commercial space. The firm also recently completed construction of 187 Kent Avenue, a ground-up mixed-use development featuring 96 residences and 35,000 square feet of retail space. In October 2019, CW acquired a large assemblage in Williamsburg with plans to construct a 145-unit rental building.

About CW Realty

CW Realty is one of New York City’s premier real estate development and investment firms, with 19 years of experience creating sought-after properties across Manhattan, Brooklyn and Queens. Led by veteran New York City developer Cheskie Weisz, the firm currently owns a portfolio of 90 residential and mixed-use properties.

CW Realty successfully executes its unique investment strategy across New York, delivering value to commercial and residential tenants as well as the firm’s investors. Leveraging its proven track record of identifying up-and-coming neighborhoods, CW Realty excels at acquiring properties with untapped potential and implementing rehabilitation projects or ground-up construction to help these properties revitalize the city. The firm recognizes the culture and evolution of each neighborhood, and develops architecturally appealing spaces that reflect the character and history of the surrounding area.