Sought-after loft-conversion condos in a former industrial space
When developers began to attract “Manhattan or nowhere” homebuyers to Brooklyn in the late 1990s and early 2000s, they saw the potential of converting pre-existing, well-constructed yet largely disused prewar industrial buildings into luxury residences. While much of this took place in the now upmarket Dumbo and Williamsburg neighborhoods, this adaptive reuse strategy did spill over into other areas like Downtown Brooklyn as well. One of the first loft-conversion projects of its kind in this neighborhood was The Toy Factory Lofts building. Tucked away in a surprisingly tranquil pocket near bucolic Fort Greene Park, this eight-story structure stands out with its playful aqua blue facade; an opportune descriptor when considering the building’s past glory as a toy factory. First erected in 1926, the facility was home to the Tudor Metal Products company, which produced iconic Depression-era games like the Budget Bank: a coin collector intended to inspire frugality.
Far less thrifty, however, the 2004 renovation of the building resulted in 56 residences, many with over 1,000-square-feet of space and priced well above the $1 million mark. These custom-outfitted homes feature oversized factory windows that frame surprisingly good views of the Lower Manhattan skyline. Sufficient building amenities are joined by a slew of area attractions and ample transit links. “People originally bought into the building because it was one of the first industrial conversions in Downtown Brooklyn, and I think, the space is still competitively priced,” says Candia Herman, an agent with Compass. “There are 11 subway lines that stop nearby, and for people who work in Manhattan, this combination is fantastic.”
Uniquely angular layouts, solid prewar construction and modern conveniences
One would imagine that the developer of a loft-conversion building would follow the rectilinear dimensions, oft-defined by internal load-bearing columns, when dividing out the respective residences. Not so at The Toy Factory Lofts. Here, an almost jigsaw puzzle-like spatial distribution imbues individual units with angular cutaways containing kitchens that position at 45-degree angles from the rest of the open concept spaces. This makes for unique and yes, playful perspectives but also clever programing when it comes to concealing bathrooms and closets. Like with any loft conversion building, the state of renovation varies greatly from unit to unit as previous owners have enacted their own visions in these ostensibly “blank canvas” residences. In some instances, noted architects have been called in to introduce unique built-ins that double as storage and room dividers. On the market for $1 million in fall 2024, unit 6A features curvilinear inserts and undulating bookshelves that separate more intimate alcoves from public areas throughout the 1,100-square-foot home. Conceived by Jeffrey Tras of Associated Fabrication, this scheme also carries across to the custom millwork kitchen, replete with stainless steel appliances and quartz countertops.
Across The Toy Factory Lofts, thick concrete slab construction clad in oak plank floors ensures optimal acoustic absorption while 11.5-foot ceilings anchor exposed ductwork, elements that harken back to the structure’s industrial origins. The entire building was outfitted with central air conditioning and heating as well as in-unit washer/dryers upon conversion. Prices more closely reflect what views are available, square footage and how recently appliances and finishes were updated. While studios have most recently sold for between $700,000 and $1 million, one and two bedrooms have fetched upwards of $1.4 million. Like the previous residents, new homeowners have close to free reign to make their own mark within the confines of their residences. A lot of the units here are sold quietly by agents and aren’t publicly listed that often.
A full but not exhaustive suite of amenities and trendy surroundings
The Toy Factory Lofts building is topped by a fully furnished roof deck with even better views. It also features a third-party operated subterranean garage and fully equipped basement level fitness center. There’s a sizable bike room, rentable storage units and a live-in resident manager. The condo’s best feature, however, is its central location but, as Herman notes, The Toy Factory Lofts condo remains less expensive than nearby Dumbo industrial conversion buildings simply because Downtown Brooklyn is still cheaper than some of its neighbors. Fort Greene Park and the many hip, owner-operated haunts that converge along a short stretch of DeKalb Avenue are in proximity, as is the Dumbo waterfront that leads into the recently revamped Brooklyn Bridge Park. Closest to The Toy Factory Lofts building, Vine Bar is a popular watering hole while Café Paulette serves up authentic French fare. Also housed in a converted factory, Vinegar Hill House is an ideal spot for large group dinners. A short stroll or drive, the Navy Yard incorporates a Wegmans supermarket. There’s also a Trader Joe’s on Flatbush Avenue. For commuters, the DeKalb Avenue subway station two blocks south is served by B and D and N, Q, R and W lines. Just a bit further west, the Jay Street-MetroTech station is served by the A and C and F. For residents that keep their cars downstairs and enjoy getting out of town from time to time, building-adjacent Prince Street leads directly onto the Brooklyn Queens Expressway.
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Current List Price
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Area Factors
High Crime
Crime Score®
8/ 10
Biker's Paradise
Bike Score®
91/ 100
Walker's Paradise
Walk Score®
97/ 100
Rider's Paradise
Transit Score®
100/ 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.
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
McLaughlin Park
5 min walk
Baseball/Softball
Basketball
Playground
Trinity Park
6 min walk
Picnic Area
Trails
Commodore Barry Park
9 min walk
Baseball/Softball
Basketball
Football
Walt Whitman Park
9 min walk
Picnic Area
Trails
Korean War Veterans Plaza
9 min walk
Picnic Area
Trails
Fort Greene Park
10 min walk
Tennis
Trails
Events
Maritcha R. Lyons Park
11 min walk
Trails
Playground
Columbus Park
11 min walk
Picnic Area
Trails
Events
Cadman Plaza Park
12 min walk
Picnic Area
Trails
Events
Schools
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