As Bushwick enjoys a residential renaissance brought on by the artistic community and reasonable (for Brooklyn) prices, there is a fine line to walk between meeting the newfound demand and keeping the area attainable to those who put it on the map in the first place. The latest building to try is The Melrose, a boutique condo development that combines three buildings at 16-20 Melrose Street. The imported Greek Aluminco facades make a striking statement, and sales have launched on the apartments inside.
Prices start at $568,800 for one-bedrooms, $1,216,800 for two-bedrooms, and $1,246,800 for three-bedrooms. At an average price of $1,194 per square foot, The Melrose is well above the Bushwick average of $769 per square foot. However, the high-end finishes and private outdoor space may have something to do with it: The 18 units comprise three duplex maisonettes opening up to private backyards and 15 units with private balconies.
Amenities include a video intercom and common roof deck with treetop views. Residents also benefit from The Melrose’s address at the junction of Bushwick and Bedford-Stuyvesant, which allows for easy access to the best restaurants, bars, cafes, and boutiques in both neighborhoods. Indeed, Broadway dining and nightlife is practically right out The Melrose’s front door. The Myrtle Avenue M and J/Z trains are at the end of the block.