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55 Wythe Ave

Williamsburg, Brooklyn, NY
Floors
20
Year Constructed
2014

About 55 Wythe Ave

The 183-room boutique hotel at 55 Wythe Avenue in New York offers retailers and tenants hoping to rent office space in a premier Williamsburg location a fantastic opportunity. Located between North 12th and North 13th Streets, this is a premier hotel project that cannot fail to attract attention and high foot traffic.

New York’s commuters have easy access to L Train at Bedford Avenue and G Train at Nassau Avenue. The immediate neighborhood of 55 Wythe Avenue includes high profile companies Brooklyn Brewery, online retail giant Amazon, Rough Trade and Brooklyn Bowl, Urban Outfitters, Whole Foods, Outpost and Reynard.

This New York hotel/office and retail development is scheduled for completion in the final quarter of 2014. The new hotel project at 55 Wythe Avenue is just one block from the ever-popular Wythe Hotel.

The 20-story tower will boast retail space on its first floor and offices on floors five to nine, while hotel rooms will start on level 11. The hotel will feature a restaurant and rooftop deck.

The imposing glass, steel and concrete tower at 55 Wythe Avenue, New York, will form the focal point in this vibrant Greenpoint community and will be a freestanding complex with multiple amenities.

Internet Providers for 55 Wythe Ave

Provider Technology Max Download Speed Max Upload Speed
Cablevision/Optimum Cable
1 Gb/s
25 Mb/s
Verizon New York Fiber
1 Gb/s
25 Mb/s
Time Warner Cable Cable
100 Mb/s
6 Mb/s
MegaPath DSL
25 Mb/s
25 Mb/s

The Neighborhood: Williamsburg

On average, listings lease in the $40's per square foot per year. The Williamsburg region is seeing a decrease in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 12% decline in rent.

Compared to the rest of the New York City market, the Williamsburg submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.

Median Rate Median Size
Williamsburg $49
/sqft/yr
2,300
sqft
Median Rate Median Size
New York City $66
/sqft/yr
3,380
sqft

Median Rate over Time in Williamsburg