The Real Deal New York

Other Brooklyn Neighborhoods neighborhood news

  • From left: 502 Franklin Ave., 1073 Atlantic Ave. and 1116 Bedford Ave.

    From left: 502 Franklin Ave., 1073 Atlantic Ave. and 1116 Bedford Ave.

    Successful New York City restaurateurs, with trendy outposts already established in Manhattan and trendy Brooklyn spots like Williamsburg, are now turning their establishments eastward, to the Bedford-Stuyvesant area. [more]

  • for rent cartoon

    Former Fillmore Real Estate broker Michael Jenkins was slapped with a $20,000 fine after posting an apartment ad seeking “DINKs” — dual-income, no-kids — tenants only.

    The Craigslist ad for a one-bedroom unit on East 85th Street in Canarsie was posted in 2011 by Jenkins, stating: “A FAMILY SIZE OF 2 PEPOLE [sic] ONLY !!!!!!!!” and “WE MUST HAVE A WORKING COUPLE WITH 2 INCOMES.” [more]

  • Cobble-Hill-Towers

    Cobble Hill Towers at 417 Hicks Street

    The average one-bedroom rental price in Cobble Hill jumped 7.1 in January month-over-month after several months of declines, according to a report from brokerage MNS.

    Prices were up to $2,2625 from $2,450 – the biggest average month-over-month increase any apartment across Brooklyn for that period, the report shows. The average neighborhood rents for studios were $2,025 and two-bedrooms were $3,644. [more]

  • 830-fountain

    Ofer Cohen and 830 Fountain Avenue

    Brooklyn-based developer Bawabeh Realty Holdings sold a 428,550-square-foot vacant parcel near the Gateway Center for $40 million after scrapping plans to build a big-box retail complex, The Real Deal has learned. [more]

  • Brooklyn’s affordable hold outs

    February 11, 2014 06:50PM
    From left: Listings at 25 Crown St. in Crown Heights, 567 39th St. in Sunset Park and 68 Garden St. in Bushwick

    From left: Listings at 25 Crown St. in Crown Heights, 567 39th St. in Sunset Park and 68 Garden St. in Bushwick

    The cost of living in Brooklyn may be going through the roof, but there are still affordable corners to be found in Bushwick, Crown Heights and Sunset Park — if you’re buying. [more]

  • Rendering of 850 3rd Avenue

    Sunset Park, Brooklyn’s Liberty View Industrial Plaza, on the cusp of finishing a $100 million renovation, is on the hunt for industrial and tech tenants to fill 1.3 million square feet of space. [more]

  • brighton-beach-portfolio

    125 Brighton 11th Street and Alex Svetlakou

    An eight-building beachfront portfolio in South Brooklyn has changed hands for $78 million.

    The properties line a three-mile stretch through Gravesend Bay, Sheepshead Bay and Brighton Beach. The rental portfolio includes Manhattan Beach Estates at 200 and 210 Brighton 15th Street, as well as 211, 1511 and 1521 Brightwater Avenue, 125 Brighton 11th Street and 357 Avenue P. There is a total of more than 416,000 square feet and 452 rent-stabilized units in the package. [more]

  • Rendering of

    Rendering of CAMBA Gardens Phase II (Credit: Dattner Architects)

    A new affordable housing complex is slated to rise on the site of a former psychiatric ward in Crown Heights. [more]

  • Hello Living’s latest outpost unveiled

    February 03, 2014 06:20PM
    Design and floor plan for 2415 Albemarle Road

    Exterior design and floor plan for 2415 Albemarle Road (Credit:Hello Living)

    Design plans for the latest installment of Eli Karp’s Hello Living, the developer’s fifth on tap for Brooklyn, have been revealed. [more]

  • From left: Billy Macklowe and Taconic's Paul Pariser

    From left: Billy Macklowe and Taconic’s Paul Pariser

    Some of the city’s biggest real estate players are looking past Manhattan for development opportunities and are upping their investments in boroughs such as Queens, Brooklyn and the Bronx.

    Taconic Investment Partners, for example, has earmarked $70 million out of a $220 million investment fund for Brooklyn and Queens projects. Washington, D.C.-based Madison Marquette is looking to do $400 million worth of New York City deals outside Manhattan in 2014. And Scott Rechler’s RXR Realty plans to spend $1 billion on properties in the Bronx, Long Island City and Staten Island. [more]

  • east-river-partners

    171 South Portland Avenue and East River’s Jody Kriss

    Developer East River Partners, which specializes in converting townhouses in Brooklyn, is dabbling in new development with plans for two neighboring four-story residential properties in Fort Greene, Brooklyn.

    An 1865 townhouse and a carriage house are located at 164 South Oxford Street, while a garage occupies 171 South Portland Avenue.  [more]

  • st-mark

    626-628 Bushwick Ave.

    Bushwick developer Cayuga Capital Management has nabbed city permits to convert the former St. Mark’s Evangelical Lutheran Church into a 99-unit rental complex in the Brooklyn neighborhood.

    The property at 626-628 Bushwick Avenue near Jefferson Street will remain the same height while gaining a fourth floor in the conversion. The city granted a permit in August to put up scaffolding on the site. Back in 2012, an alt-1 permit was disapproved. A partial vacate order is currently in effect. [more]

  • 36-rutland

    Alan Dixon and 36 Rutland Road

    Dixon Advisory, an Australian financial services firm, added a record-setting purchase to its recent shopping spree in the New York area.

    The firm bought a single-family brownstone in Prospect Lefferts Gardens, Brooklyn, for $1.85 million — a record for a single-family home in the neighborhood, according to Fillmore Real Estate broker Louis Belisario. A limestone building in the neighborhood, at 52 Midwood Street, has held the record since 2007, when it changed hands for $1.67 million. [more]

  • Donna Myrie

    Donna Myrie

    Real estate brokerage Evans & Nye’s record-setting Bedford-Stuyvesant team has left the firm and joined Halstead Property.

    Evans & Nye co-founder Ban Leow confirmed the decamp to Brownstoner, adding that Halstead did not purchase the firm. Morgan Munsey and Donna Myrie, brokers with the firm who set a number of brownstone price records in the neighborhood over the last year, are also headed to Halstead. [more]

  • Gorelick

    Alan Gorelick (inset) and 2475 West 16 Street Brooklyn

    Saparn Realty executive Alan Gorelick has been arrested and charged with funneling over $600,000 from Harway Terrace — a building complex he managed — into his firm’s own account. [more]

  • From left: 140 58th Street and 3D printed meat from Modern Meadow

    From left: 140 58th Street and 3D printed meat from Modern Meadow

    Modern Meadow, a tissue-engineering firm that grows leather in test-tubes and meat via in-vitro, is looking to lease for up to 10,000 square feet in Brooklyn Army Terminal’s BioBAT facility. [more]

  • Jumaane Williams

    Jumaane Williams

    Brooklyn Democrat Jumaane Williams, the newly anointed chair of the City Council Housing Committee, once tried to toss out two of his own tenants from his property in Canarsie.

    In October 2010, Williams started eviction proceeds against a couple renting a two-story residence he owns at 1392 East 98th Street. At the time, the couple owed about $1,500 in unpaid rent. In December of that year, Williams filed suit in Brooklyn Housing Court seeking “final judgment of eviction,” after the couple apparently failed to make the required payments under a November settlement agreement. [more]

  • 864 Elton Street (Credit: PropertyShark)

    864 Elton Street (Credit: PropertyShark)

    A Brooklyn slumlord in East New York who actively blocked the city from trying to improve conditions at his building has been jailed on criminal contempt charges. Kris Gounden, who owns a dilapidated six-unit building at 864 Elton Street, will also have to pay more than $382,000 in civil penalties, according to the ruling by a Brooklyn Housing Court judge. [more]

  • Aquarium

    Rendering of New York Aquarium at 602 Surf Avenue in Coney Island, Brooklyn

    As part of its $157 million renovation project, the New York Aquarium in Coney Island, Brooklyn, recently launched construction on a 57,000-square-foot shark exhibit with a coral reef tunnel. [more]

  • 123 Linden Boulevard (Credit: Brownstoner)

    123 Linden Boulevard (Credit: Brownstoner)

    A development site in Brooklyn’s Flatbush neighborhood with an unusual tax abatement is asking $20 million. Senior care provider New York Congregational Community Services is selling a four-story building at 123 Linden Boulevard that would allow for a 250,000-square-foot residential development. [more]

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