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Oceana: Brooklyn, New York

Oceana: Brooklyn, New York

Description

The Weitzman Group executed the initial marketability study on behalf of the Muss Development Company for this multi-phase oceanfront condominium project of 800 units located in Brighton Beach, Brooklyn.

Our study recommended the unit mix, unit sizes, pricing, product features, amenities, projected absorption, and buyer profile. In addition, the firm quantified the demand for housing in this submarket of Brooklyn. The project presold 80.0% of the units before start of construction of the buildings in its initial phase of marketing. Subsequent building phases have been similarly successful, with commensurate price increases. The Muss Development Company continues to retain the services of The Weitzman Group, Inc. in the on-going development of Oceana and on other development projects in the metropolitan New York area.

 
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