Anyone who read the recent Times Magazine article about the incredibly close-knit and financially successful community of Syrian Jews in Gravesend may not be all that surprised to learn that one of its business leaders just sold his 7,526-square-foot house for $10 million. The seller was Joseph Cayre, founder of Midtown Equities and a former Latin music producer; the buyer was an LLC. While the $10 million number falls short of the $10.75 million paid for 140 Columbia Heights, it continues a trend of sky-high prices in the South Brooklyn neighborhood: Five out of the nine highest sales prices ever recorded in Brooklyn have been in Gravesend.
Developer sells Brooklyn home for $10M [The Real Deal] GMAP P*Shark
Photo by Nicholas Strini for PropertyShark
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The City Planning Commission voted unanimously in support of outgoing Borough President Marty Markowitz’s plan to revamp the former Childs Restaurant in Coney Island and turn it into an amphitheater and upscale eatery, Brooklyn Paper reported. However, local residents are less than thrilled about the plan, which will require $53,000,000 in city funds to transform […]
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Brooklyn, one building at a time. Name: Originally Public National Bank of New York, now Bank of America Address: 47-49 Graham Avenue Cross Streets: Corner Varet Street Neighborhood: East Williamsburg Year Built: 1921-1923 Architectural Style: Neo-Classical Architect: Eugene Schoen Other works by architect: other branches of Public Nat’l Bank; several synagogues, and factories. Best known […]
Drug treatment and psychotherapy center New Directions lost its lease and plans to relocate to 500 Atlantic Avenue in March. The substance abuse treatment program has been headquartered at 202-206 Flatbush Ave between Bergen and Dean since 1983. More than a dozen neighbors came out at last night’s community board meeting to voice their opposition to the move. Community Board […]