The Real Deal New York

Posts Tagged ‘brooklyn’

  • 341 Eastern Parkway

    341 Eastern Parkway

    WEEKENDEDITION A teaser site promoting a long-in-the-works Crown Heights rental development is now up and running. The 65-unit, eight-story building at 341 Eastern Parkway in Brooklyn will offer studio, one- and two-bedroom rentals, including duplexes.

    The almost finished project at Franklin Avenue will have approximately 8,000 square feet of retail and community space. One retail tenant will be Capital One Bank, which signed a 10-year lease for 3,000 square feet at the base of the building. The asking rent was $100 per square foot. Another tenant will take the remaining retail space.


  • From left, Jonathan Miller, Plymouth Street in Dumbo

    From left, Jonathan Miller, Plymouth Street in Dumbo

    The median monthly rent in north and northwest Brooklyn rose to $2,900 in March, more than 13% higher than it was last year, 26% higher than it was the year prior and roughly 35% above what it was back in 2008.

    According to estimates by Miller Samuel Inc. and Douglas Elliman Real Estate, Brooklyn rents are closing in on those of Manhattan’s. [more]

  • Nets-1


    The Brooklyn Chamber of Commerce and the Brooklyn tech company BlankSlate are launching a new tourism website specifically for Brooklyn.  [more]

  • rock-roll

    Rendering of 280 Bond Street in Brooklyn

    The Department of Buildings’ decision to uphold the “non-conforming use” zoning status for the proposed Rock and Roll Playhouse — a part-children’s music school, part-bar in Gowanus — would allow it to open despite opposition from residents. The Board of Standards and Appeals is continuing to review the matter, however, and will make the final decision.  [more]

  • barclays-move

    Mikhail Prokhorov and Barclays Center

    The billionaire owner of the Brooklyn Nets is looking to relocate his basketball team’s Manhattan corporate office to his home country of Russia amid the ongoing political clash between that country and the U.S.

    Mikhail Prokhorov, a Barclays Center investor and former Russian presidential and mayoral candidate, said earlier this week that he will transfer ownership of the team to a Russian company, the Brooklyn Paper reported. [more]

  • From left: Rendering of Domino Sugar refinery redevelopment and Bill de Blasio

    From left: Rendering of Domino Sugar refinery redevelopment and Bill de Blasio

    The deal the City Planning Commission struck with Two Trees Management to redevelop the Domino Sugar refinery in Brooklyn is being declared a win for the city — and real estate interests, too. [more]

  • From left: Renderings of Intercontinental's hotel at 300 Schermerhorn Street in Brooklyn and Toll Brothers and Starwood's hotel at Pier 1 in Brooklyn

    From left: Renderings of Intercontinental’s hotel at 300 Schermerhorn Street and Toll Brothers and Starwood’s hotel at Pier 1 in Brooklyn

    Builders are pursuing more hotel projects in Brooklyn this year than in 2012, in spite of a lackluster hotel market in the borough, according to figures by hotel data-crunching firm Smith Travel Research. [more]

  • This month in real estate history

    February 20, 2014 04:30PM
    Brooklyn in 1890

    Brooklyn in 1890

    From the February issue: Brooklyn real estate market hits standstill in 1893

    The uncertainty surrounding the proposal to merge the independent city of Brooklyn into a proposed greater New York City brought Brooklyn’s real estate market to a near standstill 121 years ago this month.

    Real estate agents were going out of business and attorneys and title agents were hunting for work. Furthermore, Brooklyn was averaging just one sale a week in its Real Estate Exchange auction house. [more]

  • cuffs

    Ralph Baker, a blind homeless man who stole a Brooklyn apartment building by falsifying paperwork, was convicted of fraud and grand larceny Wednesday.

    The sentence was handed down Thursday in Brooklyn Supreme Court. Baker appeared in court wearing a t-shirt reading “Not Guilty!” He faces up to 15 years in prison if convicted. [more]

  • Interfaith Medical Center

    Interfaith Medical Center

    Since negotiations regarding what to do with failing Brooklyn hospitals has been “dysfunctional” lately – including bidding by real estate developers for some of the properties at those hospitals – a group of Brooklynites has proposed a dramatic change of course.

    The plan? Replacing all the boards of directors at the borough’s hospitals, including the one at Interfaith Medical Center, with a cooperative-based health care system. [more]

  • juniors-386-flatbush

    386 Flatbush Avenue

    The owner of Junior’s Most Fabulous Cheesecakes and Desserts said the Brooklyn dessert shop will gain a second outpost in the borough as it attempts to sell and renovate its first spot.

    Alan Rosen has hired Massey Knakal Realty Services chair Robert Knakal to handle marketing for the 17,000-square-foot structure on an 8,500-square-foot site. The site could be redeveloped to allow for a 102,500-square-foot condominium building with Junior’s in the ground-floor retail. [more]

  • Notice at 377 Ocean Parkway

    Notice at 377 Ocean Parkway

    The residents of an apartment building in Kensington have joined the growing ranks of New Yorkers who’ve been coping with cold homes due to a lack of adequate heat.

    Brooklynites at 377 Ocean Parkway saw temperatures inside the building drop to 51 degrees last week — five degrees below the minimum nighttime standard. [more]

  • From left: waterfront of Battery Park City and the Lower East Side skyline

    From left: waterfront of Battery Park City and the Lower East Side skyline

    Investment opportunities abound in nine New York City neighborhoods where homes are priced much cheaper than others in the same boroughs.

    The median sales price in Manhattan, for instance, is nearly a million bucks. But homes on the Lower East Side are 42 percent cheaper, according to data from PropertyShark. [more]

  • 3

    587-589 Flushing Avenue, Brooklyn

    A seven-story condominium development built on the border of Bedford-Stuyvesant and South Williamsburg is on the market for $18 million.  [more]

  • Home prices in Astoria hit record high

    January 23, 2014 12:50PM
    From left: Eric Benaim , view from Astoria apartment

    From left: Eric Benaim and Astoria

    Astoria home prices are starting to look a lot like Brooklyn’s. [more]

  • From left:

    From left: Brookdale Hospital, Long Island College Hospital and Interfaith Medical Center, Brooklyn

    Three embattled hospitals in Brooklyn are poised to close after waiting 18 months for their slice of a pending $10 billion in funds from a federal health-care funding reallocation for the state of New York. [more]

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  • Former Pfizer property

    The site on Wallabout Street and Harrison Avenue

    Brooklyn’s newly appointed deputy borough president is pushing to have a Williamsburg industrial property declared part of an “Industrial Business Zone,” that would virtually bar developers from converting it into apartments.

    Diane Reyna, second in command to new Brooklyn borough president Eric Adams, wants a former Pfizer property on Wallabout Street and Harrison Avenue to receive the designation, which offers tax breaks and help from the city for landlords planning to house industrial tenants. [more]

  • The renovated Kirkman Lofts in Dumbo was once a soap factory

    The renovated Kirkman Lofts in Dumbo was once a soap factory

    Nearly 40 percent of New York City land was rezoned during the Bloomberg administration, drastically altering New York City’s industrial base, once a bedrock of commerce in the city.  [more]

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  • 230 and 231 Schnectady Avenue, Brooklyn

    230 and 231 Schnectady Avenue

    A nonprofit that rescued four dilapidated buildings in Bedford Stuyvesant, Brooklyn from investors in foreclosure is now on the brink of losing them itself, after allowing some buildings to fall into severe disrepair.

    The group, Mutual Housing Association of New York, planned to renovate the 29 units that it bought the notes for in 2012, with help from the city. But the properties have been stuck in limbo for two years in Brooklyn courts, which have a reputation for taking twice as long as the national average to process foreclosures. [more]

  • Queens co-ops lead NYC sales in Q4

    January 14, 2014 04:00PM
    New York City home sales according to the Real Estate Board of New York

    New York City home sales according to the Real Estate Board of New York

    Queens co-ops were hot in the final quarter of 2013 — in fact, hotter than in any other borough.  Co-op sales in Queens jumped 62 percent over the same period in 2012, to 1,349, to lead even Brooklyn, which saw 716 co-op sales, according to a report by the Real Estate Board of New York released today. [more]