“Situated on an exciting crossroads in one of New York’s hottest neighborhoods, 34 Berry St. is one of the first ground-up rental properties in Williamsburg in memory,” said David Sigman, LCOR senior vice president.

Its nice to be first, but there’s a hell of a lot of product in front you, and if it doesn’t sell on the condo market, it will show up on the rental market.

Supply, meet demand.