Slate Property Group, in partnership with Avenue Realty Capital, today announced the launch of leasing and marketing for The Welz, a new 19-story, 162-unit apartment building in Williamsburg, Brooklyn. Slate has selected MNS, an innovative real estate firm based in Brooklyn, to lead the exclusive leasing and marketing.
Located at 159 Boerum Street, The Welz offers a mix of thoughtfully designed housing options from studios to two-bedroom units, with rents starting at $3,175 a month. Among these residences, 49 units are designated as affordable housing for residents ranging from 60 to 130 percent of the area median income.
“Projects like the Welz are helping to create better housing options for New Yorkers at a time when they need them most,” said David Schwartz, Principal of Slate Property Group. “As the city continues to face a housing crisis, we look forward to working with MNS to fill these units quickly and get New York families the quality homes they deserve.”
“Slate is excited to announce the launch of The Welz, our newest residential development in the constantly evolving Williamsburg neighborhood. We’re confident The Welz will be a vital addition to the neighborhood, and we look forward to welcoming residents into their new homes.” said Martin Nussbaum, Principal of Slate Property Group. “As one of the tallest residential buildings in the area, this project is a model for design and innovation in one of New York’s most sought-after neighborhoods.
“With the Welz now completed, we’re proud to be a part of a crucial project milestone by launching the start of the leasing process,” said Andrew Barrocas, CEO of MNS. “The development offers modern amenities and a distinctive living experience, enhancing Williamsburg’s architectural landscape while adding to the vibrant energy that makes this neighborhood so beloved.”
Soaring 19 stories, The Welz is one of the tallest residential buildings in the area, providing residents with exceptional, panoramic views of the Manhattan skyline. The roof deck, one of The Welz’s many amenities, features a fully equipped lounge space with an outdoor kitchen, bar, grill, and areas for seating, dining, and relaxation.
Designed by Aufgang Architects with interior design by Alchemy, The Welz offers a beautifully crafted living environment that creates a harmonious balance of comfort and style for residents. Each kitchen is equipped with stainless steel appliances and every unit has a built-in LG washer and dryer in the laundry closet. All apartments feature polished quartz countertops and vanity tops in the kitchens and bathrooms. The bathrooms are finished with matte black fixtures and a large 54” mirror with storage above the vanities.
Along with the breathtaking roof deck, The Welz boasts a host of upscale amenities and services, including:
- Panoramic views
- Roof deck grilling stations
- Bike storage
- Onsite parking
- Fitness center
- Package room
- Concierge
- Pet-friendly
Williamsburg, Brooklyn, is a vibrant neighborhood known for its artistic flair, diverse community, and thriving cultural scene. Once an industrial hub, it has transformed into a hotspot for trendy boutiques, art galleries, and an array of restaurants and bars. The waterfront offers stunning views of Manhattan, while the area’s rich history is reflected in its eclectic architecture. With a mix of longtime residents and newcomers, Williamsburg continues to evolve, making it one of the most sought-after neighborhoods in New York City.
For more information on The Welz, please visit the website at https://thewelzbk.com.
About Slate Property Group
Slate Property Group is an owner, operator, developer and lender, primarily focused on multifamily in the New York metropolitan area. From adaptive reuse and repositioning of existing assets to ground-up development and lending, Slate’s dedicated team of more than 125 employees leverage extensive experience in the multifamily asset class. Over the last decade, Slate has invested in excess of $6.5 billion across equity and debt, with a current portfolio of 50+ investments. https://slatepg.com/
Avenue Realty Capital
Avenue Realty Capital (ARC) is a fully integrated US-based investment firm specializing in the acquisition, development, and management of multi-family properties in the New York City metropolitan area. ARC focuses on value creation through strategic capital improvements, targeted lease-ups, and active asset management. The firm also invests in new construction rental housing, leveraging its market expertise and strong industry relationships to identify off-market opportunities and enhance property value. For more information, visit www.avenuerealtycap.com.
About MNS Real Estate
MNS is an innovative real estate brokerage specializing in the marketing, sale and rental of residential properties. To increase impact, we seamlessly integrate marketing, sales, and technology to produce the most efficient sales possible at the highest market-driven prices. Our services reflect our unique position as trendsetters, innovators, and shapers of the market. We focus on relationships rather than transactions, offering clients and customers an unsurpassed level of personalized service. For more information, please visit www.mns.com.
