st johns place multifamily crown heights 92013

Multi-family buildings are selling like crazy throughout Brooklyn, and the biggest growth is happening in the rapidly gentrifying neighborhoods of Crown Heights, Bed Stuy and Bushwick, according to a report from Ariel Property Advisors highlighted by The Real Deal. In those three neighborhoods alone, 252 properties were sold in 170 transactions totaling nearly $710,000,000. Sales in Crown Heights, Bed Stuy and Bushwick made up a quarter of all the borough’s investment transactions.  (more…)

07/24/14 8:30am

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Mister Sunday Parties at Industry City in Sunset Park [NY Times]
Salvage Supperclub Throws Dinner Parties in Dumpster in Williamsburg [NY Daily News]
Citi Bike Poised for a Big Infusion of Cash [WSJ]
Pool for “Decoration Only” at Williamsburg Condo [Brooklyn Eagle]
Build It Back Gets Back on Track in Gerritsen Beach [Brooklyn Paper]
Brooklyn Hotel Demand Growth Back on Track [NY Observer]
Revealed: 53 Grand Street [NY YIMBY]
Bush Terminal Pier Park to Open by Fall [Home Reporter News]
Fish, Lobster and Doughnuts Coming to Greenpoint’s Nassau Avenue [DNAinfo]

07/23/14 3:00pm

1987 Flatbush Avenue, Midwood Trust, BATC 1

Brooklyn, one building at a time.

Name: Midwood Trust Company, now Chase Bank
Address: 1984 Flatbush Avenue
Cross Streets: Corner Flatlands Avenue
Neighborhood: Flatlands
Year Built: 1926
Architectural Style: Flemish Renaissance Revival
Architect: Slee & Bryson
Other Buildings by Architect: Colonial Revival and Tudor Revival homes and apartment buildings in Prospect Lefferts Gardens, Crown Heights North and South, Park Slope and various parts of Flatbush, including Prospect Park South, Albemarle and Kenmore Terraces, and Ditmas Park.
Landmarked: No, but should be

The story: Our city’s Dutch ancestry is most often represented by the streets and neighborhoods now bearing the surnames of the many Dutch families who settled throughout Brooklyn. Now and again, we also see buildings that draw on the famous Dutch gabled farmhouses that managed to survive over the centuries. And then we have these wonderful examples of Flemish-inspired architecture that are so quintessentially Brooklyn and Dutch. They come from Flanders, that part of the Low Countries that was part of France, and is now part of Belgium, yet culturally still part of the Netherlands.

Lots of late 19th century architects were inspired by the distinctive ziggurat shaped stepped gables of the Flemish Renaissance period. These simple but elegant facades graced the townhouses, guild halls and commercial buildings of the Netherlands for centuries. When the Dutch came to New Netherlands, they brought their architecture with them, and these shapes turn up throughout the Hudson Valley and in and around New York City, Long Island and New Jersey. (more…)

07/23/14 2:00pm

138-north-8th-street-2-072314

The folks behind well-known sushi temple BondSt on Bond Street in Manhattan are set to open a new Japanese restaurant at 138 North 8th Street in Williamsburg this week. Cherry Izakaya started serving invite-only guests Tuesday and plans to open to the public Friday.

The contemporary menu will include small and large plates such as donburi escargot with miso béchamel, short ribs, and stuffed calamari with chorizo black rice. There will be sake, beer and and shochu-based cocktails. GMAP

Photo by Cherry Izakaya

07/23/14 1:30pm

384 vanderbilt avenue fort greene 72014

The Fort Greene house with radiant heat controlled by an iPad we told you about last month is now on the market. Renovated by Stuyvesant Group, it is unusually luxurious even for a high-end renovation and has an open floor plan, a double height kitchen in the rear of the parlor floor, marble counters and slabs of marble on the walls in the kitchen, and a high-efficiency boiler.

The house was a shell so there were no details to save, developer Adam Cohen told us, but he purchased three salvage pier mirrors and now one of them conceals a TV behind smoked glass. It’s set up as a triplex over a garden rental. We suspect this will go quickly at $3,500,000. What do you think?

384 Vanderbilt Avenue [Halstead] GMAP

71 stuyvesant avenue bed stuy

A tipster tells us that a three-story multifamily at 71 Stuyvesant Avenue in Bed Stuy has sold for $3,800,000, setting a new record for multifamily buildings in the neighborhood. The property last changed hands for $540,000 in 2010, after selling at a foreclosure auction a few months before, according to public records. The 6,200-square-foot apartment house has 12 units and sits near the corner of Stuyvesant and Dekalb Avenues. Until now, the most expensive multifamily sale was 281 Tompkins Avenue, which sold for $3,300,000 in January 2013.

Photo by Christopher for PropertyShark