124 Washington Avenue, known as The Candy Factory, is a conversion of a former industrial building into 15 loft-style condos on Washington Avenue between Park and Myrtle Avenues, at the northern edge of Clinton Hill near Wallabout and the Navy Yard. Sales launched in March 2026, and 12 of the 15 homes are still unsold.
Where Things Stand
The Attorney General accepted the offering plan on February 12, 2026, and sales launched on March 2, 2026, less than three weeks later. As of November 1, 2026, three of the 15 homes are in contract, seven are publicly listed, and the other five haven't been publicly listed. Join my early access list below and you'll hear when the next homes list and when prices change, before it reaches StreetEasy.
The Numbers So Far
As of November 1, 2026, from the public listings:
Available now: seven homes: four one-bedrooms of 740 to 885 square feet (one with a home office, one with two baths), and three larger homes of 1,152 to 2,170 square feet, including a three-bedroom duplex and a three-bedroom with an 873-square-foot private roof deck
Asking prices: one-bedrooms from $915,000 to $1,100,000; larger homes from $1,550,000 to $1,995,000
Monthly costs: common charges plus taxes from about $1,011 to $2,966 per month
Asking price per square foot: from about $873 to $1,557, averaging about $1,220
In contract: two one-bedrooms (last asking $925,000 and $950,000) and a three-bedroom (last asking $1,800,000)
The offering plan projects a total sellout of about $22.3M.
Available home: Residence 2A, 1 bed, $915,000
Available home: Residence 4C, 3 bed, $1,995,000
I can share details on the homes here that aren't publicly listed yet. Send me a note.
Buying in a New Development?
New construction works differently than a resale: offering plans, sponsor contracts, closing costs and timelines all have their own rules.
A Closer Look at the Building
The conversion keeps the loft feel of the old factory, with about 11-foot ceilings and oversized windows, across nine different layouts. Kitchens have panel-ready Bertazzoni refrigerators and dishwashers and a Bosch 800 Series cooktop, wall oven and microwave, and every home has a compact washer and dryer. Shared spaces include a common roof deck with skyline views and an outdoor kitchen, a ground-floor courtyard, a fitness room and bike storage.
Most homes here are one-bedrooms around 740 square feet. The standouts are Residence 1B, a three-bedroom duplex of about 2,170 square feet, and Residence 4C, a top-floor three-bedroom with its own 873-square-foot roof deck.
Want floor plans for every available home? Send me a note and I'll share them.
Clinton Hill Highlights
Clinton Hill mixes brownstone and mansion blocks with Pratt Institute and the creative, converted-loft streets toward Wallabout and the Navy Yard. This northern stretch near Myrtle Avenue has cafes, casual restaurants and everyday shops, with Fort Greene Park a short walk west.
G at Clinton-Washington Avenues, about a 10-minute walk
NYC Ferry at the Brooklyn Navy Yard, about a 10-minute walk
Myrtle Avenue shops and cafes around the corner, and Fort Greene Park about 10 minutes away
Katie's Take
I track every new development in Brooklyn, and here's how this one compares: at an average asking price of about $1,220 a square foot, 124 Washington Avenue is the lowest-priced new development I'm tracking in Clinton Hill, below 21 Lefferts Place at about $1,430 and the roughly $1,510 that 755 Washington Avenue sold out at. It is also moving more slowly, with three of 15 homes in contract eight months in. If you want a one-bedroom under $1M with loft ceilings and a shared roof deck, you have real choice here, which is rare for new construction in this neighborhood.
Want to see it in person? Let's talk.
Explore Similar Developments
21 Lefferts Place · Clinton Hill
755 Washington Avenue · Clinton Hill