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The Pencil Factory

The Pencil Factory

The Pencil Factory
Condominium Building
The Costar Building Rating

A rating for the building relative to other buildings of the same type throughout the country. Learn more

122 West St
Brooklyn, NY 11222
93 Units
6 Stories
1872 Year Built
$714K - $2.5M Value Range

Available Units

For Sale
For Rent
No Units Available

Highlights

  • Doorman
  • PS 31 Samuel F Dupont Rated A
  • Fitness Center
  • Rooftop Deck
  • River View
  • 2 min walk to WNYC Transmitter Park

Historic factory complex transformed into a luxury waterfront condominium

Any serious artist worth their muster will have heard of Faber-Castell, the German manufacturer known for producing premium pens, markers, pencils and other supplies. In the United States, the great grandson of the company’s founder Kaspar Faber, John Eberhard Faber, established an eponymously named offshoot business in New York and set up his factory in then predominately industrial Greenpoint, Brooklyn. Erected in the late 19th-century Rundbogenstil architectural style — melding of Byzantine, Romanesque and Renaissance revival details — this waterfront-adjacent facility expanded from the 1870s through the 1930s to include nine distinct structures reflecting various late Victorian and proto-modernist styles like Art Deco. As with most manufacturers in the late 20th century, however, the Eberhard Faber Pencil Company moved production out of the area in the 1950s, rendering these buildings derelict. With the advent of urban renewal in the late 1990s and early 2000s, the now strategically located complex was redeveloped into office spaces and, eventually, residences. Until the Covid-19 pandemic, crowdfunding platform Kickstarter was the main tenant, making the most of the postindustrial buildings’ expansive floorplates.

Award-winning architect Daniel Goldner was called in during the late aughts to convert a few of the existing masonry wall buildings and design new structures expressly programmed to contain a seamless collection of 93 premium condos. His most daring contribution — completed in 2012 — were the decidedly contemporary yet still contextually responsive six-story infill additions at 122 and 114 West St., as well as 60 Java St. “We wanted to reinterpret how we might build a brick building in our time,” Goldner is quoted as saying in a 2007 The New York Sun article. “It opens a dialogue across a period of time about new ways of construction and new ways of living.” Today, these highly sought-after loft residences benefit from grand industrial proportioning — especially high ceilings and solid oak wood flooring, among other prewar quality construction elements. Like any luxury condominium drawing-in a discerning clientele, The Pencil Factory features a full suite of common spaces, but its best amenity might just be its surroundings.

A bold architectural strategy nodding to an illustrious history while also looking to the future

While Goldner and his team’s intervention — interspersing oversized, floor-to-ceiling windows with a pixelated composition of red, beige, orange and gray panels — was bold and not to the liking of all strict preservationists, it did stem from a considered and historically respectful approach. “‘I think the asymmetrical quality of it really speaks to the way we live our lives now,” he added.?“Our lives are not lined up in perfect little curbs. There is great power in abstraction.” The architect cited polymathic artist and designer Donald Judd as his main source of inspiration when enacting this far less replicative and much more interpretive strategy. Though unquestionably dissimilar to the original buildings, these newer checkerboard-clad inserts match their massing, or overall shape, and have near flush dimensions, ensuring a seamless spatial flow inside. Set atop both historical and contemporary structures, double-height cubic dormers — rendered in light-toned composite siding and curtain walls — contain penthouses but also delineate private terraces and anchor a sprawling shared roof top. Both have mostly uninterrupted western and northern views of the Manhattan skyline, right across the East River.

According to a The Architect’s Newspaper article from 2018, the adaptive reuse development of the Greenpoint waterfront — complexes like The Pencil Factory — has been far more nuanced and site responsive than nearby Williamsburg or Long Island City, where gaudier high-rise buildings have gone up in complete contrast to the low-density warehouses that once stood in their place. With a few such developments having emerged since this article was published, it remains to be seen if this tempered approach will withstand the test of time.

Loft residences with spacious open-plan layouts and premium finishes

With residences here only coming on the market from time to time and many never publicly listed, demand is high. One-bedrooms, topping out at 965 square feet of space, go for between $860,000 and $1.5 million, depending on the condition and position within the complex. Two- bedrooms, averaging 1,280 square-feet of space, sell for closer to $1.7 million. A small handful of slightly larger penthouse level three- bedrooms can fetch upwards of $2.5 million. Given the building’s age, the level of renovation and customization varies greatly from unit to unit. That said, base line finishes like oak wood flooring and 10-foot or higher ceilings, as well as top-line GE stainless steel appliances, still carry across the offering. Oversized windows take in tons of natural light. There’s a 21a tax abatement through June 2026 with a $98 assessment for one year.

Premium amenities and Greenpoint’s abundant amount of hip haunts

Residents and their guests enter The Pencil Factory complex through a sleek, virtually accessed lobby defined by vertical lighting strips asymmetrically anchored in mid-toned wood panels. The same material clads the minimalist-style resident’s lounge with premium furniture and a kitchenette that gives way to a well-maintained children’s playroom. The basement level fitness center has a wide variety of equipment, and the expansive roof top was furnished with the same attention to detail. There’s also a large bike room and storage units for rent. The super lives on site. Limited parking is available within the internal courtyard out back, but most residents tend to find spots on the adjoining streets. With an onramp to the Long Island Expressway a few blocks north, it’s easy to get out of town.

However, there’s plenty on offer here when it comes to restaurants, bars, cultural attractions and green space. While close by Long Island City might have MoMA PS1 and the SculptureCenter, Greenpoint is home to prestigious private art museum Faurschou. The aptly named Pencil Factory watering hole is a locally beloved institution. Other popular haunts along Franklin Street include Bar Americano, Oak & Iron and Brooklyn Safehouse. Trendy area restaurants include Taiwanese mainstay Wenwen, experimental dining experience Ilis and breakfast favorite Radio Bakery. There’s even more authentic Polish-heritage and newer fusion hot spots found along Manhattan Avenue, especially as it leads toward activity-rich McCarren Park; a central green lung replete with tennis courts, a public pool and baseball fields. Closer to The Pencil Factory, WNYC Transmitter Park is a newly revamped waterfront green space with a viewing pier. American Playground is also in proximity. The nearby Greenpoint ferry terminal provides a quick and reliable connection to Midtown Manhattan and Wall Street. Though Greenpoint doesn’t have direct subway connections into the city, the G subway — that stops at the Greenpoint Avenue station — connects to the 7 train at Court Square and services most other upmarket Brooklyn neighborhoods. Connecting to the L line at Metropolitan Avenue is another good option for getting into Manhattan.

Available Condos

No units matching this criteria are available right now.

Building Details

Views

  • River
  • City

Recreation

  • Fitness Center

Amenities

  • Doorman
  • Rooftop Deck
  • Public Transportation
  • Laundry Facilities
  • Bike Room
  • Community Storage Space
  • Resident Manager or Management On Site
  • Controlled Access

Condo Association

  • No Home Owners Association
  • Greenpoint Subdivision

Building Design

  • High-Rise Condominium

Unit Features

  • Laundry in unit

Unit Information

Unit
3B
Beds
1 Bed
Baths
1 Bath
Sq Ft
643
Price
$925,000
Price / Sq Ft
$1,439 / Sq Ft
List Date
03/11/2025

Unit Size and Value Ranges

Studio Units
Sq Ft Range
450 - 550
Est. Values
$714,284 - $2,424,778
1 Bedroom Units
Sq Ft Range
623 - 852
Est. Values
$871,704 - $1,379,379
2 Bedroom Units
Sq Ft Range
891 - 1,207
Est. Values
$1,320,463 - $1,904,243
3 Bedroom Units
Sq Ft Range
None Available
Est. Values
$2,460,220
All Units
Sq Ft Range
450 - 1,207
Est. Values
$714,284 - $2,460,220

Map

Area Factors

Low Crime

Crime Score®

3 / 10

Biker's Paradise

Bike Score®

93 / 100

Walker's Paradise

Walk Score®

94 / 100

Excellent Transit

Transit Score®

77 / 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score

WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Environmental Factors

Active

Sound Score®

68 / 100

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Air Pollution®

N/A / 10

--

Flood Factor®

N/A / 10

--

Fire Factor®

N/A / 10

--

Heat Factor®

N/A / 10

--

Wind Factor®

N/A / 10
Source: First Street, How Loud
Sources: First Street, How Loud

Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.

Parks in this Area

Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology
Disclaimer: Please note that this building may not be in these schools' attendance zones.

Agents Active in this Building

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Property Taxes

Range in Assessed Values
$51K - $251K
Range of Taxes in Building
$3,400 - $17,668
Range of Taxes per Sq Ft
$7.55 - $27.65

Property Tax History

Source: Public Records

Building Website

Building Team

Property Management
Dermer Management, Inc.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed and should be independently verified.