NEW YORK CITY — A joint venture between Slate Property Group and Avenue Realty Capital has completed The Welz, a 19-story, 162-unit community in the Williamsburg neighborhood of Brooklyn. Located at 159 Boerum St., the property offers a mix of studio, one- and two-bedroom units. Monthly rates start at $3,175 for a studio.
Additionally, 49 residences have been set aside as affordable housing for residents earning between 60 to 130 percent of the area median income.
Each unit features washers and dryers, a dishwasher, microwave, quartz countertops and stainless steel appliances. Shared amenities include a rooftop deck with a lounge, outdoor kitchen and grilling stations, as well as bike storage, on-site parking, a package room, fitness center and concierge.
MNS will lead leasing and marketing efforts at the property. Aufgang Architects designed the community, and Alchemy provided interior design services.