Citi Bike
More neighborhoods are joining the cacophony of outbursts against the Citi Bike initiative, the New York Post reported.
Two Midtown residents will sue the city this week to remove its bike-sharing stations from near where they live, their attorneys told the newspaper. Late last month, a group of residents in the West Village filed a lawsuit to remove the station in front of 99 Bank Street. At least nine more lawsuits are in the works. [more]
Sniffen Court hides between Lexington and Third aves in Murray Hill.
From the December issue: In New York City, privacy is the ultimate luxury. So it makes sense that the demand for historic homes on New York’s secluded mews streets — often nestled off side streets, behind gates or old growth — would far succeed the supply. “They come at a premium and they sell rather quickly because of the uniqueness — and because they come up so rarely,” Nest Seekers’ Natalie Weiss said about homes on Pomander Walk, the Upper West Side hideaway where she grew up and has brokered deals for nine co-op apartments. [more]
MNS CEO Andrew Barrocas and the view of Manhattan from Brooklyn Heights
With rapidly improving infrastructure and $1,000 per square foot condos becoming the norm, Brooklyn is seeing a “Manhattanification.” And according to the New York Post, Brooklyn housing prices could soon reach Manhattan levels.
New developments in Brooklyn Heights, Carroll Gardens and Park Slope are all asking at least around $1,000 a square foot and some real estate experts are saying that prices have nowhere to go but up. [more]
From left: Lindsay Barton Barrett, Denise LaChance, Debra LaChance and shots of the interior
A Brooklyn Heights townhouse with a $5.2 million ask has entered contract, a Corcoran spokesperson confirmed. The home, at 14 College Place, is the third most expensive single-family home on the market in Brooklyn, according to Streeteasy.
The three-bedroom, 3.5-bathroom home was being marketed by the Corcoran Group’s Lindsay Barton Barrett, Debra LaChance and Denise LaChance. [more]
Rendering of 30 Henry Street and Brooklyn Heights Cinema
The condominium development at the site of the old Brooklyn Eagle newspaper building has gotten its Department of Buildings approval and excavation work has begun, Brownstoner reported.
As previously reported, Fortis Realty Group is bringing a five-story building with full-floor units to the site, at 30 Henry Street in Brooklyn Heights. But rather than bringing a glassy structure to the neighborhood, BKSK Architects’ design was actually criticized for being “too tame.” [more]
Montague Street (credit: Brooklyn Heights Blog)
Thanks to growing residential populations in surrounding neighborhoods, Brooklyn Heights has seen a surge in occupancy and rents for its retail spaces. Crain’s reported that after the vacancy rate on Montague Street, the Heights’ main corridor, topped out at 6 percent in 2008 thanks to a flurry of closures, the rate has returned to 1.7 percent. Rents average between $100 and $115 per square foot, but reach as high as $250 for some spaces. [more]
The Bossert Hotel
The Bossert Hotel in Brooklyn Heights could make a comeback as a hotel, the New York Post reported. The Jehovah’s Witnesses own the property, located at 98 Montague Street, and will bring a proposal to Community Board 2 and the Board of Standards and Appeals next week seeking a zoning change for the hotel to cash in on this part of their building portfolio as they move upstate. [more]
Bob Knakal and 183 Columbia Heights
An unidentified investor group has purchased the last remaining Jehovah’s Witnesses property that Massey Knakal Realty Services marketed for $6.6 million, Crain’s reported, 14 percent below the asking price. The group plans to turn the seven-story, 13-unit building, located at 183 Columbia Heights in Brooklyn Heights, into luxury rentals with leasing expected to begin this summer.
“Our clients were very pleased with the results,” Massey Knakal Chairman Bob Knakal told Crain’s, who marketed three Jehovah’s Witnesses properties, which was first reported last summer. [more]
177-179 Columbia Heights at center
Restoration of the façade of 177-179 Columbia Heights, a 29-unit co-op in Brooklyn Heights, is now complete, the Brooklyn Daily Eagle reported.
Previously cloaked under a layer of yellow paint, the original façade, featuring Italian-style designs of flowers, fruit, gargoyles and sea nymphs, suffered fading and water damage. It dates back to the 1920s. [more]
Despite hot new neighborhoods sprouting up in seemingly every corner of Brooklyn, Gravesend and Brooklyn Heights proved they were still the destination for the highest priced real estate in 2011, according to an analysis by Brownstoner. Of the five priciest sales in the borough this year, two were in the Heights and three in Gravesend. The most expensive sale was a 2,914-square-foot townhouse at 451 Avenue S in Gravensed, that sold for $10.25 million in May. The price per square foot was likely the highest ever paid in the borough, according to Brownstoner, but the total amount still trailed the townhouse across the street at 450 Avenue S, which sold for $11 million in 2003. … [more]
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