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Downtown Brooklyn

Downtown Brooklyn
Brooklyn, NY 11201
Retail, Residential, Sales, Leasing/Rental, Condo

Downtown Brooklyn is the main office and shopping district of the borough of Brooklyn, connected to Manhattan by the Brooklyn Bridge and the Manhattan Bridge. The neighborhood is home to many municipal government offices. Office buildings in downtown Brooklyn include the Williamsburg Savings Bank Tower and the MetroTech Center complex. Shopping is concentrated at Fulton Mall. Downtown Brooklyn has been the site of residential redevelopment since a rezoning in 2004 and contemporary residential developments include the Oro at 306 Gold Street, Toren at 150 Myrtle Avenue, and the BellTel Lofts at 365 Bridge Streets. -WP

  • Address Downtown Brooklyn
  • neighborhood Downtown Brooklyn
  • borough Brooklyn

07/27/2018
The top loan last month was for $130 million from Bank of America to Red Apple Group for the company’s Ocean Dreams project in Coney Island, followed by a $117.5 million loan for the Azure project in Downtown Brooklyn from All Year Management and Spencer Equity...

03/29/2018
The site is the former headquarters of Dime Savings Bank of New York, and Chetrit is planning a 73-story, 417-unit rental and condo tower there with JDS Development. Chetrit is also at work on the long-delayed Bossert Hotel project with Clipper Equity in Downtown Brooklyn 98 Montague Street...

03/19/2018
Clockwise from top left: 75-20 Astoria Boulevard, Flatbush Gardens and 123 Linden Boulevard Large loan origination in the outer boroughs slowed down slightly in February. While Clockwise from top left: 75-20 Astoria Boulevard, Flatbush Gardens and 123 Linden Boulevard Large loan origination in the outer boroughs slowed down slightly in February. While...

02/09/2018
Clockwise from top left: Empire Stores, Industry City, Dime Savings Bank and the Williamsburg Hotel  The biggest outer-borough loan of December took place right along Clockwise from top left: Empire Stores, Industry City, Dime Savings Bank and the Williamsburg Hotel  The biggest outer-borough loan of December took place right along...

01/08/2018
Rendering of 399 Sands Street (Credit: Steiner NYC) A massive mixed-use project coming to East Harlem courtesy of the Richman Group was the biggest project Rendering of 399 Sands Street (Credit: Steiner NYC) A massive mixed-use project coming to East Harlem courtesy of the Richman Group was the biggest project...

08/08/2017
Some of the larger projects submitted during the second quarter included Adam America Real Estate’s 184-unit condo plan for 10 Nevins Street in Downtown Brooklyn and a 48-unit project just a few blocks away at 211-215 Schermerhorn Street, developed by GPB Capital Holdings and Oestreicher Properties...

07/01/2017
“It’s no Long Island City or Downtown Brooklyn, but we’ll see with time what happens,” he said...

04/13/2017
Credit: MNS According to the most recent market reports, Brooklyn home prices jumped 16.4 percent in the first quarter of 2017, and 60 percent of Credit: MNS According to the most recent market reports, Brooklyn home prices jumped 16.4 percent in the first quarter of 2017, and 60 percent of...

09/22/2016
From left: Coach CEO Victor Luis and a rendering of 10 Hudson Yards, WeWork CEO Adam Neumann and 12 East 49th Street Coach once owned From left: Coach CEO Victor Luis and a rendering of 10 Hudson Yards, WeWork CEO Adam Neumann and 12 East 49th Street Coach once owned...

07/11/2016
From left: 28-10 Jackson Avenue in Long Island City and 270 Richards Street in Red Hook Most of the city's large-scale real estate developments formally From left: 28-10 Jackson Avenue in Long Island City and 270 Richards Street in Red Hook Most of the city's large-scale real estate developments formally...

01/08/2016
The most active month for residential filings in 2015 was March, when 3,674 qualifying units were submitted. Compare that to September of 2014, a jam-packed month that saw over 9,000 proposed units, a figure bolstered by Two Trees’ Domino Sugar building at 325 Kent Avenue in Williamsburg (522 units), Red Apple Group’s 86 Fleet Place in Downtown Brooklyn (440 units), and Clipper Equities’ and Chetrit Group’s 77, 85 and 87 Commercial Street in Greenpoint (720 units)...

01/01/2016
A rendering of the Dekalb Market Hall, set to open in March More than 500 years ago, Algonquin Indians were trading meat and crops on A rendering of the Dekalb Market Hall, set to open in March More than 500 years ago, Algonquin Indians were trading meat and crops on...

12/30/2015
“I guess the one thing that strikes me is food and home,” said Paul Travis, managing partner at Washington Square Partners, which is co-developing the retail portion of the City Point megaproject in Downtown Brooklyn with Acadia Realty Trust...

12/01/2015
But even so, it’s only recently that four Brooklyn neighborhoods â€' Dumbo, Cobble Hill, Williamsburg and Downtown Brooklyn â€' have seen their rents surpass the Manhattan average, according to an October report from the listing website StreetEasy...

10/14/2015
Rounding out the top 10 are: Adam America Real Estate with 174 units, Stahl Real Estate with 157 units (including the 144-unit 388 Bridge in Downtown Brooklyn), Davbel Property with 146 units and Flank Development with 128 units...

09/01/2015
“In Downtown Brooklyn and Boerum Hill, you walk down the street and you see so many holes in the ground compared to 12, 18 months ago,” said Andrew Sasson, a director at Eastern Consolidated...

08/01/2015
But these are not your average neighbors. In New York City they own billions of dollars worth of real estate and are investors in major deals from Times Square to Soho to Downtown Brooklyn...

06/01/2015
• EB-5 investors chipped in $200 million or a whopping 42 percent â€' one of the biggest EB-5 contributions percentage-wise in NYC â€' for Acadia Realty Trust’s 1.8 million-square-foot City Point project, a mixed-use development in Downtown Brooklyn...

01/13/2015
Marshalls took 27,000 square feet at 66 Boerum Place in Downtown Brooklyn for the second-largest deal, followed by Michaels taking 26,407 square feet at Renaissance Realty Group’s new development at 252 Atlantic Avenue at the corner of Boerum Place, in Cobble Hill...

08/01/2014
There were 104 properties for sale in Downtown Brooklyn in June â€' a 6.3 percent drop from 111 properties during the same time last year...

08/01/2014
Of those 2,300 units, permits have been filed for 1,071 units at the project. Those units are at 2 Grand, a 35-story tower with 658 units; 320 Kent, a 320-unit waterfront tower; and 262 Kent, a mixed-use tower with 93 units. In addition to the Domino project, the firm has also filed permits for 9 Front Street, a 289-unit rental in Dumbo, and 286 Ashland Place, a 381-unit tower in Downtown Brooklyn...

11/01/2013
Other new large rental projects in the pipeline include the Moinian Group’s under-construction 605 West 42nd Street. Due to be completed in 2015, the 61-story project is set to include 1,174 rentals. AvalonBay Communities’ Avalon Willoughby at 88 Willoughby Street in Downtown Brooklyn, meanwhile, will reportedly have 861 units...

07/01/2011
That includes the 250-unit condo conversion BellTel Lofts in Downtown Brooklyn...

05/02/2011
For years, the large Manhattan-based firms have stuck to Northwest Brooklyn neighborhoods near Downtown Brooklyn, while Fillmore has dominated the lower-priced Southern Brooklyn market...

10/01/2010
The borough registered 1,077 sales as of July. The top transaction â€' the $46 million purchase of a retail building at 496 Fulton Street in Downtown Brooklyn by Crown Acquisitions as part of the revamping of the Fulton Street Mall â€' helped boost Brooklyn’s average building sales price to $997,262, a 13 percent increase over 2009...

...in Brooklyn. Asking price per square foot in Downtown Brooklyn reached $365, surpassing the $361 per square foot in Williamsburg, which dipped from a peak of...

...than in Williamsburg and 20 percent higher than in Downtown Brooklyn. The top 10 luxury residential buildings across the city can be found in Chelsea, Downtown...

...Median rents in Downtown Brooklyn, Williamsburg and Cobble Hill are higher than Manhattan’s overall median rent. Although rent...

...same period last year, and rose 70 percent in Downtown Brooklyn. View the full report online here. August 2015 Brooklyn new developments: Halstead Property Development Marketing...


...accounted for 64 percent of all units sold, although Downtown Brooklyn, which accounted for only 2 percent, led in sales volume. View the full report online...

...from the previous year. Sales were strongest in Downtown Brooklyn and Park Slope, which totaled $1.5 billion in sales from 319 properties. View the full report...

...highest prices, averaging $241 per buildable square foot. Meanwhile, Downtown Brooklyn came in second highest, averaging $239 per buildable square foot. In 2014, there was 338 verified sales...