The booming Brooklyn market is seeing record listing prices and an influx of brokerages who want in on the action. The Real Deal ranked the priciest listings on the market in Brooklyn, as well as the priciest sales that have closed in the borough during the last year. One Brooklyn Bridge Park’s $32 million penthouse topped the former list. The rankings are part of the cover story of the August issue, now available online.
We also break down the borough’s biggest firms based on dollar volume of listings and the number of agents. Rental brokerage franchise Rapid Realty dominated with agent count – 439 – while the Corcoran Group reigned supreme with listing dollar volume of $360 million.
Also, we look at how developers such as Extell Development and Toll Brothers are scouring the “Stalled Sites” list from the city’s Department of Buildings to find distressed parcels.
We profile developer Sharif El-Gamal and the many obstacles he has faced in making his controversial Park Place project a reality.
Meanwhile, we calculate the ongoing cost to maintain some of the priciest properties in the New York City area.
There’s a whole lot more in the issue, including stories about City Planning chair Carl Weisbrod’s role in the industry, the fate of the now-shuttered Crumbs Bake Shop locations in the city, and swanky sales centers.
Finally, in our Closing interview, Savanna founder Chris Schlank talks about catching a 150-pound marlin, doing “three-dimensional Pilates,” and not tweeting despite owning the Twitter headquarters.
To access the issue, click here or go to the “Magazine” tab at the top of the website.
Happy reading! – Mark Maurer