Brooklyn

June 15, 2016

Construction Kicks Off on a Pair of Condo Buildings in the Columbia Street Waterfront District

Avery Hall Investments and co-developer OTL Enterprises are forging ahead with the development of pair of understated five-story condominium buildings at 161-163 Columbia Street in Cobble Hill's Columbia Street Waterfront District. The team picked up the lots in 2014 through a unique deal with the nonprofit Carroll Gardens Association where proceeds of the sale would be used to preserve below-market rate rents for 28 units on the street and possibly develop 70 more affordable units in nearby Red Hook.
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June 14, 2016

Check Out the Manhattan Skyline in 2020! New Development Sales to Hit $8.4B This Year

As part of their Manhattan New Development Report, CityRealty has released a trio of skyline renderings that show how the city will appear in 2020 -- looking south from the Lower East Side, north from the tip of the island, and of course, down on Central Park South's Billionaires' Row. The eye-popping images underscore the fact that new developments have been "markedly above the average price of all other Manhattan condos since 2013." The average sales price in new developments is expected to hit $4.4 million this year and $5.7 million by 2018. By comparison, the expected average price of a non-new development condo for 2016 is $2.65 million. Moreover, new development sales totaled $5.4 billion last year, up from 2014's $4.1 billion. This figure is expected to reach $8.4 billion this year and more than $10 billion by 2018.
See all the renderings and find out which buildings are leading the pack
June 14, 2016

Landmarks Approves ODA’s Wall Replacement for Former DUMBO Sugar Factory Building

Last summer, the Landmark Preservation Commission approved ODA Architecture's sugar crystal-inspired vision for a DUMBO commercial loft building at 10 Jay Street. Today the team went back before the LPC and received approvals to replace the building's deteriorated east wall that has been covered in stucco since the 1970s and is in dire need of structural repair. Developer Glacier Global Partners previously fancied condos for the 19th century sugar factory building, but the robust Brooklyn office market led the developers to a change of heart, envisioning 200,000 square feet of class-A office space instead.
Get all the details right here
June 14, 2016

$1.4M Williamsburg ‘Penthouse’ Has On-Trend Finishes, Two Terraces and Skyline Views

With its pretty, rustic-meets-modern kitchen, tons of outdoor space on two levels and glass accordion doors framing gorgeous city views, this 956-square-foot condo at 150 Richardson Street has the makings of a smart little home in a coveted Williamsburg spot. A $1.425 million ask for the top-floor walk-up is likely based on that location, in a neighborhood that has become one of the borough's–if not the city's–priciest. Let's take a closer look at what you get with your prime 'burg pad.
Outdoor space, views, and smart finishes this way
June 14, 2016

One-bedroom With Shower in the Kitchen Wants $1,850/Month in Williamsburg

Yep, it's a real one-bedroom, separate kitchen and all. Which is a good thing, because that's where the shower is. It seems as if we just got done marveling at that Lower East Side pad with a similar setup; now, Real Estate Weekly informs us, we're invited to behold this red hot value of a listing at 255 Powers Street. Let's take a look at what's included in that sounds-too-good-to-be-true rent in the L train-friendly environs of East Williamsburg.
Get a look
June 8, 2016

Last Apartment Left at Gothic Revival Church in Fort Greene Asks $8,200/Month

Gothic Revival church turned luxury rental apartment: only in New York. That's the story behind 232 Adelphi Street, a majestic Fort Greene church built in 1888. It fell into disrepair before being converted into 12 apartments in recent years. This is the last apartment left empty and it's a pricy one. It's also big: an 1,800-square-foot duplex with two bedrooms and two-and-a-half baths, all accessed via a private entrance.
Check out the church details that remain
June 7, 2016

Another Luxury Development May Rise on Billionaires’ Row

Crain's reports that another prime piece of property will soon be changing hands, putting 126,000 square feet of development rights in play. The Steinberg family last month made an agreement with commercial developers Thor Equities and General Growth Properties to sell neighborhood fixture Lee's Art Shop's four-story structure at 220 West 57th Street for $85 million, a deal that is expected to close this month. It is not yet clear what the developers plan to do with the landmarked building, but what is known is that the property comes with the right to build atop the historic structure—itself boasting 21,837 square feet on a sizable 8,400-square-foot lot.
find out more here
June 7, 2016

Brooklyn Design Firm Creates Dramatic Living Spaces Inside a Williamsburg Loft

Loft apartments have naturally good bones for dramatic living spaces, with those big windows and high ceilings, but the renovation of this 1,300-square-foot Williamsburg pad truly resulted in some breathtaking spaces. The work is by Greenpoint-based design and architecture firm Space Exploration and general contractor Tristan Warner Studios Inc. According to Brownstoner, Space Exploration was initially hired to create a wall-length book shelf for the living room, where the ceiling surpasses 18 feet. The success of the bookshelf -- which was built by a high-end millwork firm in Brooklyn -- inspired the owner to “go forward with the full monte,” said founder of Space Exploration Kevin Greenberg. His full reno enlarged the lofty mezzanine space, while decked out the interior with truly unique custom design touches.
Take a look
June 7, 2016

A True Loft at Brooklyn’s Former Ex-Lax Factory Asks $875K

There are a lot of New York apartments trying to sell themselves as lofts that just aren't. That makes it especially refreshing to see this loftier-than-thou apartment, from the former Ex-Lax factory at 423 Atlantic Avenue in Boerum Hill, hit the market. The factory was constructed in the 1920s and was eventually combined with adjacent buildings that were being used as a bottling plant. In 1981, the complex went co-op -- and as a residence it still retains some of the Ex-Lax advertising memorabilia. This apartment was designed by an architect to maximize all available space. They especially took advantage of the 15-foot ceilings, building out not one but two lofted living spaces.
Check out the sleeping loft
June 1, 2016

Norman Foster’s First Brooklyn Project Revealed, A 7.7-Acre Red Hook Office Development

Back in 2005, the Joesph Sitt-led Thor Equities spent $40 million on a vacant, 7.7-acre parcel of land in Red Hook that juts 700 feet into the Erie Basin, between the Ikea parking lot and the Fairway. Preliminary visions for the former Revere Sugar Factory site included retail, office space, and residential buildings, but according to a press release sent out today by Thor, there will be no housing. Today's major announcement, however, is the architect selection: Norman Foster will helm the design of the new waterfront office complex, which will "include two heavy timber frame buildings totaling more than 600,000 square feet of creative office space, and 23,000 square feet of retail and restaurant space." Foster is a surprising choice for the project, as his commissions are typically flashy and in high-profile areas like Midtown or the Financial District. In fact, this will be his first building in Brooklyn. But the sole rendering shows his signature mix of contemporary panache (glassy construction with a cantilevering portion) and contextual thoughtfulness (low-scale, boxy structures in keeping with the industrial area).
More details ahead
June 1, 2016

Leasing Begins at The Giovanni in Downtown Brooklyn, Rents From $2,379 Plus a Month Free

John Catsimatidis' Big Apple Group has kicked-off leasing for The Giovanni, the latest addition to a quartet of rental buildings ushering in more than 1,000 units along a once underutilized section of Myrtle Avenue. Located at 81 Fleet Place within the crossroads of bucolic Fort Greene and thriving Downtown Brooklyn, the recently finished 15-floor building is comprised of 205 no-fee apartments with retail space along its lower levels. Like its sister buildings, the Andrea and the Margo, Dattner is the building's architect and the firm has configured a mix of studio, one- and two-bedroom apartments, many featuring balconies or roof terraces.
more on what's available here
May 31, 2016

Historic Wood-Frame House With a Lush Garden Asks $8,750/Month in Clinton Hill

Wood-frame houses are some of the oldest standing townhouses in Brooklyn, and the neighborhood of Clinton Hill boasts quite a few of them. This one at 123 Cambridge Place is now up for rent and would make for a nice summer pad. Not only does it have a rustic, country vibe inside the home, it's got a garden growing strawberries, plums, tomatoes and zucchini.
Take a look around
May 27, 2016

This $1.35M Barrel-Fronted Bay Ridge Townhouse Is Definitely a Goldilocks Situation

If you're dreaming of a townhouse in Brooklyn and you haven't considered Bay Ridge, this 2,424 square-foot two story home at 654 76th Street might change your mind. With four bedrooms, tons of parlor living space, beautifully restored original details and a large, lovely and landscaped yard, there's not much that isn't just right about it. Even the $1.35 million ask seems reasonable in this market, when expanding families are scrambling to find space they can afford. That said, the house last changed hands in 2012 for $625,000 (and we're thinking the seller was probably happy with that number even then, especially since the home likely hadn't been renovated).
Tour this not-to-big-not-too-small-home
May 26, 2016

Lottery Launches for 30 Affordable Units in Large New Crown Heights Building, From $913/Month

The building itself, designed by Issac & Stern Architects, may be pretty unremarkable, the same for the block on which it's located, but 505 Saint Mark's Avenue is in a prime Crown Heights location and offers some great amenities. It has 147 brand new units and is just steps off foodie haven Franklin Avenue and right around the corner from trendy food/beer hall Berg'n. While the market-rate apartments are pretty par for the course (a one-bedroom goes for about $2,500/month and a two-bedroom for around $3,600), a housing lottery has launched today for 30 affordable units, including $913 one-bedrooms and $1,065 two-bedrooms for individuals and households earning between $31,303 and $51,780 annually.
Find out if you qualify here
May 26, 2016

Design Firm Reimagines Neglected Space Under the BQE as a Food Court and Sports Center

NYC-based design firm Buro Koray Duman has come up with a series of plans to use the under-utilized space beneath the BQE in a site near Sunset Park's Industry City, the massive waterfront industrial complex which itself has recently experienced a renaissance as a hub for designers and local manufacturers. The elevated highway separates Industry City from the rest of the neighborhood, and the proposed uses would connect the space beneath with the creative and commercial energy of the complex. According to Dezeen, the firm saw an opportunity to put the empty sub-highway space to good use and add "more color and convenience to the city's daily life."
Find out more about the two ideas for the under-highway space
May 25, 2016

Spend Summer on the Sun Porch in This $2.25M Craftsman-Style Windsor Terrace Home

Not only does this super-cute brick townhouse promise plenty of space for the whole family without leaving the civilization of New York City, but it conjures up a totally different, laid-back and innocent time and place. This home at 207 Windsor Place mixes Arts and Crafts-style details with an old fashioned American house layout, with a big eat-in kitchen that opens into a formal dining room, a catnap-ready front sun porch, a basement ready for whatever you'd like to make it—and four bedrooms at the end of the day. All of this sits at the Park Slope/Windsor Terrace border two blocks from Prospect Park and a block from subways, shopping, dining, cafes and everything Brooklyn neighborhoods are loved for today.
Take a floor-by-floor tour
May 24, 2016

Glass Walls and Skylights Let Light Flood Into This Vinegar Hill Rental Apartment

There's never been an apartment so ideal for summertime. This three-bedroom rental comes from 87 Hudson Avenue, a development in the quaint Brooklyn neighborhood of Vinegar Hill, situated just north of DUMBO. Over an upper and lower floor there are multiple skylights, two outdoors spaces, even interior glass walls to let the light flood through. You'll need sunglasses before renting this pad, which is now on the market asking $6,000 a month.
Go through the space
May 24, 2016

Landmarks Rejects Skinny Fort Greene House Because It ‘Looks Like Sing Sing Prison’

When talking townhouses, width matters. Aside from location and condition, width is usually the salient factor determining a home's desirability and pricing. While a 20-foot wide house is the coveted standard, the adored building type comes in an assortment of sizes, ranging from this narrow 12-foot wide townhouse in Park Slope upwards to the enviable 30-foot wide homes dotting Brooklyn Heights. On the tighter end of the spectrum, along a tree- and brownstone-lined block in the Fort Greene Historic District, R.A.Max Studio is seeking to secure the Landmarks Preservation Commission's approval to build a 12-foot wide, environmentally-conscious, two-family house at 39 South Elliott Place. Hemmed in on a vacant lot measuring just 1,200 square feet in area, the developer, Fort Greene Properties LLC, envisions building a four-story, 3,200-square-foot structure similar in scale to a previous house that stood at the site some sixty years ago, but with a more modern exterior. But this scheme did not go over so well at today's LPC hearing.
The full story, right this way
May 20, 2016

REVEALED: First Look at Downtown Brooklyn’s New Office Tower at 540 Fulton Street

Downtown Brooklyn and its Fulton Street Mall lost a bit of its soul late last year with the demolition of an ornate 1891 Romanesque-Reviaval gem at 540 Fulton Street. Prior to being cleared, the two-story structure held a jumble of small retailers that included a jewelry exchange, Metro King Sushi & Teriyaki and a Lucille Roberts. When the building was finished 125 years ago, it rose three floors with its first tenant being F.W Woolworth's "five-and-dime store," their first Downtown Brooklyn location. Now with the slate wiped clean, what's envisioned to rise from the 18,531-square-foot lot near the corner of Flatbush Avenue Extension is a 19-story, 200,000-square-foot office block developed by the real estate investment and management firm Jenel Management. A new building application was filed with the Department of Building's last April, listing Marvel Architects as the applicant of record. The proposed building's podium will contain three levels of retail space from the cellar to the second level, and 17 floors of office space above.
find out more here
May 20, 2016

Apply for Four Affordable Apartments in East Williamsburg, From $947/Month

Starting Tuesday, four brand new affordable apartments will up for grabs through the city's Housing Connect program. Located in quickly hipsterfying East Williamburg, the building at 30-42 Orient Avenue is sited kitty corner to Cooper Park and is made up of two constructions housing a total of 18 units. For those who qualify, there are two one-bedrooms available with a rent of $947/month, and two two-bedrooms going for $1,072/month. The building is also conveniently located just few blocks from the Graham stop on the L Train, and the B24 and B43 buses also serve the area.
more details here
May 20, 2016

Live on Half a Floor of a Stately Limestone Mansion in Fort Greene for $1.1M

This Victorian mansion, a limestone beauty at 26 South Oxford Street in Fort Greene, is so spacious that you can fit an entire two-bedroom, two-bathroom co-op on just half of one floor. (There are eight units in the mansion total.) Now on the market for $1.1 million, the apartment boasts quirky, modern upgrades to the historic interior with details like carved woodwork and a beautiful bay window in tact.
See more
May 20, 2016

Bed-Stuy’s The MYNT Offering One Month Free on New Leases

In the thriving Bedford-Stuyvesant section of Brooklyn, the recently finished rental building named The MYNT is offering one month free on 12-month leases for select apartments. Currently, two no-fee units are complying with the offer: Unit 4J is a three-bed, two-bath spanning 1,200 square feet is available for a net effective rent of $3,484/month, and two floors above, unit 6J is a two-bed/two-bath available for a net effective rent of $3,117/month.
find out more about the deal here
May 19, 2016

This $499K Fort Greene Studio in a Former Bank Has Location, Amenities and Killer Views

Recognizable from what seems like miles away by its iconic clock tower, One Hanson Place was built in 1927 as the Williamsburgh Savings Bank Tower. Converted to 175 residential condominiums in 2006, it has been called "the finest landmarked skyscraper in Brooklyn and one of the best Art Deco towers in New York City." With its prime Fort Greene location in the BAM cultural district and at a crossroads where several great Brooklyn neighborhoods meet, interiors feature loft-like details, and building amenities include a gym, lots of additional storage and a sky lounge and terraces with even more dizzying city views (just to name a few). The flexibility of condo ownership makes apartments in the building a good investment, too. This well-configured studio may not be large, but it has the same prewar loft details and modern finishes as any unit in the building; what it also has–something much larger units may not–is soaring city views from the 14th floor of Brooklyn's tallest landmarked building.
See it all, this way
May 18, 2016

This $3.6M South Slope ‘Kangaroo’ Townhouse Has a Second Unit Cleverly Tucked in Front

Though it's not too common, this isn't the first time we've seen a two-unit townhouse bust out of the usual set of configurations and tuck a rental unit up front, kangaroo-like, and wrap the rest of the house around it—especially in new construction or gut-renovated homes. It's a seemingly complicated setup, so do yourself a favor now and look at the floor plan below; You'll understand the (presumably) space- and privacy-optimizing wizardry much more quickly and be able to move on to admiring the cool features of this 5,974-square-foot new-construction townhouse at 297 16th Street in south Park Slope. $3.595 million buys a huge main house with four bedrooms, a yard and a deck, plus a two bedroom duplex to rent out for (according to the listing) $45k a year or stash your in-laws, teenagers or shoe collection.
See how they did it, this way
May 18, 2016

Video: ‘Degentrify America’ Takes on the Issue of Gentrification in Five Minutes

The definition of gentrification may be difficult to pin down, but filmmaker Nelson George is attempting to do so in his five-minute short "Degentrify America." In the film, George melds together national headlines with interviews and animation to paint a picture that has become all too familiar in metropolitan areas across the country. Most notable, however, is the appearance of Crown Heights resident and co-founder of the Crown Heights Tenants Union, Donna Mossman, who speaks candidly about the evictions, injustice and other ills that come with this particular kind of change. Crown Heights recently ranked #8 on NYU’s Furman Center's report of New York's 15 fastest gentrifying neighborhoods.
Watch the short film here
May 17, 2016

This $3M Duplex Townhouse Was Carved Out of a 1902 Waterworks Building in Brooklyn Heights

If you're looking for a home that feels like a townhouse, co-op and loft all rolled into one, this Brooklyn Heights property may be your best bet. It's located at 25 Joralemon Street, a waterworks building constructed in 1902. It has since been converted into six co-ops, each laid out like duplex "townhouse" units. All six townhouses have their own separate entrance and a unique floorplan, with this one boasting a totally lofty aesthetic.
There's also a private courtyard entrance
May 17, 2016

Live in Park Slope Without Giving Up Modern in This $1.45M Designer Duplex

If your dream of New York City living means clean, contemporary lines, sleek finishes, lots of white and pops of bright, but your life–or your budget–is in the land of brick and brownstone, head south a bit and you'll find that this chic duplex, asking $1.45M, might be just right. While this two-bedroom condo at 349 16th Street in Park Slope may not be super-spacious–it comes in at just under 1,000 square feet–a 300-square-foot private wrap-around patio definitely adds more to life than just square footage. For a single person or couple seeking enough room for frequent guests, the layout really clicks; it could also work as a starter home for a young family that can't yet claim the adjective "growing," or empty nesters-to-be with a frequently-visiting fledgling.
See more upstairs, downstairs and outside