GREENPOINT — A new condominium conversion at 118 Greenpoint Ave., between Franklin Street and Manhattan Avenue in Greenpoint, is on a street consisting almost entirely of 19th century brick-front buildings in the Greenpoint Historic District.

“This is a sensitive rehabilitation of an old loft building, even at a smaller scale,� said David Maundrell of aptsandlofts.com, who is handling sales and marketing.

It is a project of Capital Real Estate Group, identified in Department of Buildings documents as 118 Greenpoint Ave. LLC with David Siegel as principal. The design is by Scarano Architects.

The building, which is two blocks from the East River waterfront, will have 15 condominiums and several private roof decks.

Seven of the 15 units are already in contract, according to Maundrell.

“I’m very excited about the project, which is a rare combination of true loft spaces in a very lovely neighborhood that’s also a designated historic district,� Maundrell said. “The spaces are very modern but the building itself has an authentic, historic feeling because it was originally a warehouse.�

The apartments are a mix of studios, duplexes, one-bedrooms, two-bedrooms and one-bedrooms-plus-office. They range in size from 527 square feet to 1,352 square feet.

Prices start at $415,000 and go up to $729,000 for a 950-square-foot two bedroom apartment.

In addition to the private roof decks, unusual amenities include a washer and dryer in every apartment. There is also a common roof deck.

Capital Real Estate Group and the architect have maintained the structure of the building, are restoring the brick façade and have opened the ground floor units to the street with oversized, translucent storefront-style windows that were recreated to match the building’s original style, according to Maundrell.

“We think this building will create its own community,� he said, adding that the 15 units will result in some diversity, but the buyers will share a common set of values.

“They will be people who want modern spaces while at the same time they will treasure the scale of the block and its strong sense of place.�

It’s been named Canvas for the units’ “clean, open surfaces and generally white color palette,� according to Maundrell.

“Everything other than the appliances and the floors are white, so buyers can really put their own design signatures on each unit,� he said.

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