Stunning New Luxe Rental in Park Slope, Brooklyn: "Paseo on Fifth"

Residential oasis offers a Lidl grocery, CVS and welcoming entry via pedestrian breezeway, providing a unique modern-meets-traditional Brooklyn experience

BROOKLYN, N.Y., July 16, 2025 /PRNewswire/ -- Offering modern living amid brownstones, at the heart of Park Slope's Fifth Avenue corridor, the new Paseo on Fifth has officially launched leasing at the first of its two buildings, the 4-story, 49-unit 50 Paseo Place. Co-developed by William Macklowe Company and GreenBarn Investment Group through a joint venture including NTT UD USA Inc. and Rithm Capital, Paseo on Fifth honors tradition while embracing Park Slope's vibrant energy.

50 Paseo Place and the 6-story, 131-unit 55 Paseo Place, which share all common amenities, are designed with entries facing a brand new pedestrian passageway, or paseo, a wide, off-avenue gathering place welcoming residents and visitors alike. Easy access to locations like Prospect Park, Brooklyn Museum and Barclays Center, make Paseo on Fifth a passport to inspiring cultural spaces. All major subway lines are close and in addition to local dining and retail, residents have a new Lidl grocery and CVS pharmacy in the development.

Designed by SLCE, with interiors by Funda Durukan, Paseo on Fifth's studios, one and two bedrooms teem with natural light from large windows framing views of tree-lined streets, the energetic avenue and cityscape beyond. Several common spaces are enlivened with murals by artist Jill Malek.

Amenities include a Courtyard and Rooftop lounges featuring BBQ grills and stunning city views reaching to Lower Manhattan. A Hub lounge creates space for entertainment and relaxation. The Suite is a perfect venue for events, with a bar, large-screen TV, and seating for get-togethers, viewing parties and karaoke. Elegant co-working spaces have private conference rooms and a library lounge. The high-ceilinged Gym and Yoga Studio offers a top-tier fitness experience. A Children's Craft Studio offers environments for children to play and learn, filled with toys and creative activities, as well as study nooks and a maker space for older kids to innovate and create.

Visit our website or contact the leasing office at 718.230.5055.

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SOURCE William Macklowe Company and GreenBarn Investment Group