Flatbush Gardens | The Real Deal New York

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Flatbush Gardens

3102 Newkirk Avenue
Brooklyn, NY 11210
Residential, Leasing/Rental, Multifamily

Flatbush Gardens is a residential property, built in 1949-1950 on the site of the Flatbush Water Works in central Brooklyn. The site is bounded by Foster Avenue, Brooklyn Avenue, Newkirk Avenue, and Nostrand Avenue. The 59-building complex of 2,500 mostly rent-stabilized apartments used to be called Vanderveer Estates. Barbra Streisand lived at 3102 Newkirk Avenue as a teenager. In 2005, Clipper Equity, a Brooklyn-based, family-owned residential landlord and development firm, acquired the badly-run federal housing project with over 10,000 housing violation codes for $138.2 million from a California pension fund, which had in turn acquired it out of bankruptcy in 2003 for $87 million. The purchase landed Clipper Equity principal David Bistricer on Bill de Blasios list of Worst Landlords. Clipper fixed the elevators, front doors, and intercom system. But the firms plan to recast the complex as homes for young professionals priced out of Park Slope has run into the same challenges previous owners faced. Because of decades of neglect, the required upfront investment in repairs and maintenance has defeated a revolving door of landlords since the 1980s. In 2012, tenants banded together to sue. Complaints include leaks, broken ceilings, defective floors, mold, rats, mice, and cockroaches. Clipper owns Flatbush Gardens via Renaissance Equity Holdings. ¾-MK

  • Address 3102 Newkirk Avenue
  • neighborhood Flatbush
  • borough Brooklyn
  • owner Clipper Equity, Jacob Schwimmer
  • owner entity RENAISSANCE EQUITY HO
  • floors 6
  • Year Built 1950
  • residential units 168
  • total units 168
  • square feet 129,600
  • block and lot 3-04964-0047
  • BIN 3323537

03/19/18
...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...

02/22/18
...David Bistricer and Flatbush Gardens UPDATED, 3:25 p.m., Feb. 22: Clipper Realty has received a 10-year, $246 million loan from New...

09/26/17
...least 60 buildings in the city including the rent-stabilized Flatbush Gardens complex, said he is “not surprised” that the property ultimately sold for a “reduced...

05/24/17
...of $80 million last year from properties that include Flatbush Gardens, a 59-building rent-controlled apartment complex in Brooklyn, As Well As 50 Murray Street and 53 Park...

02/14/17
...than 3,500 residential units in Brooklyn and Manhattan, including Flatbush Gardens, a 59-building rent-controlled apartment complex, and 50 Murray Street and 53 Park Place in Tribeca. It...

02/10/17
...Clockwise from left: Flatbush Gardens, 50 Murray St. and 53 Park Pl., 141 Livingston, 1955 First Ave. and David Bistricer David Bistricer’s...

03/17/16
...and New Jersey. In 2005, the family firm bought Flatbush Gardens, a sprawling rent-controlled complex in Brooklyn. The company has also partnered with the Chetrit...

...and New Jersey. In 2005, the family firm bought Flatbush Gardens, a sprawling rent-controlled complex in Brooklyn . The company has also partnered with the Chetrit...

...Vanderveer deal. In 2010, the development, by then renamed Flatbush Gardens, landed Bistricer on a list of Worst Landlords put out by Public Advocate — and...

07/10/12
...crack house, will become the Bea Arthur Residence  7. Flatbush Gardens tenants sue David Bistricer’s Renaissance Equity over poor building conditions  8. DiamondRock buys four...

03/28/12
...Southampton's forthcoming new Parrish Art Museum  17. Judge orders Flatbush Gardens landlord to allow workers to return to work with 20 percent pay cut 18. Work clothes...

01/25/12
...dispute over wages and benefits. The lockout at Flatbush Gardens began in 2010, Crain's said, when Renaissance Equity Holdings, the owner of the complex, declined...

09/30/11
...Brooklyn 23. French architect previews Irene Neuwirth pop-up store 24. Flatbush Gardens landlord gets federal complaint 25. Greenpoint fighting rat problem 26. Coram town center on Long Island...

05/25/11
...has been slapped with a lawsuit by the Flatbush Gardens Tenant Association, according to Crain’s. The suit alleges that Bistricer failed to live...

04/20/11
...for exposing workers to raw sewage, asbestos at Flatbush Gardens complex 4. Fashion designer Anna Sui buys the rest of the ninth floor at 31 West...

02/24/11
...registry, which launched in August. David Bistricer's 59-building Flatbush Gardens complex is on the list. "These are buildings that were falling apart, with holes...

...Bistricer of Clipper Equity and Berkshire Capital owns Flatbush Gardens in Brooklyn (and recently acquired the high-profile 752 West End Avenue in Manhattan). He also...

01/12/11
...Bistricer for illegally locking out 70 workers from his Flatbush Gardens complex, at 1403 New York Avenue in East Flatbush. Local 32BJ of the Service Employees...

...Bill de Blasio's watch list of slumlords. Bistricer's Flatbush Gardens -- a 30-acre, 59-building complex in East Flatbush formerly known as Vanderveer Estates --...

12/02/10
...Flatbush Gardens (source: PropertyShark) In the wake of scathing video footage that has circulated the internet...

11/30/10
...would lock workers out of Brooklyn’s 59-building Flatbush Gardens housing complex until they accepted his proposed pay cuts. According to the Wall Street...

11/24/10
...Bistricer is planning to lock workers out of Flatbush Gardens next week after they refused to accept his proposed pay cuts, according to the...

11/15/10
...A group of elderly tenants at the 59-building Flatbush Gardens complex in Brooklyn have received eviction notices from landlord David Bistricer on the grounds...

11/01/10
...Bill de Blasio's watch list of slumlords. Bistricer's Flatbush Gardens -- a 30-acre, 59-building complex in East Flatbush formerly known as Vanderveer Estates --...

10/08/10
...Flatbush Gardens Flatbush Gardens -- an East Flatbush housing complex where developer David Bistricer is on Public Advocate...