In another clear sign developers are having a tough time moving condos, word on the StreetEasy discussion board is the Piet Mondrian-inspired 192 Spencer Street in Bedford Stuyvesant, also affectionately dubbed the Kodachrome building, is going rental. Last November, we reported 10 percent price cuts, bringing one bedrooms down to $325,000 to $611,100 depending on size (with tightened lending practices, the down-payment for those units would be $65,000 to $122,220). Calls to the developer and sales agent were not returned, but listings have been pulled from The Developers Group website. After the developer closed on the property in 2004, an 18-unit condo across the street sold out within six months for $300,000 to $445,000, according to Property Shark. Was Kodachrome priced too high for the area or was its timing just bad? Or is the area just not quite there yet?
Kodachrome Building Open For Business [Brownstoner] GMAP
‘Kodachrome’ Building Underpromises, Overdelivers [Brownstoner]
Pierhouse Starts to Take Shape Beside Brooklyn Bridge Park [Curbed] The Apocalyptic Landscape Near the Kosciuszko Bridge Is Now Complete [Greenpointers] Four Arrested in Williamsburg Beating of Gay Black Man [Gothamist] Senior Housing in Bed Stuy Will Undergo $6 Million Upgrade [DNAinfo] Crown Heights Drivers Ticketed up to 88 Percent More This Year, Police Say [DNAinfo] Paintings by Neighbor […]
The Brooklyn Greenway is expanding to Columbia Street between Degraw and Kane, and a desolate stretch of waterfront is about to get much greener. There’s already a protected bike lane on Columbia Street, but the Brooklyn Greenway Initiative is going to begin landscaping the first part of the Columbia Waterfront Park. They’re looking for enthusiastic […]
Astoria Cove Begins its Six-Month Review Process for a Zoning Change Queenswalk: Eric Kebbon and the Far Rockaway Post Office Listing of the Day: 50-21 Parsons Boulevard It’s In Queens! Events from April 24th to April 30th Osmond Brothers, Comedian Mario Cantone Set For Queensborough Performing Arts Center Mexico Blvd. Food Truck Plans to go […]
Brooklyn, one building at a time. Name: Row houses Address: 409-417 Grand Avenue Cross Streets: Gates and Putnam Avenues Neighborhood: Clinton Hill Year Built: 1909 Architectural Style: Colonial Revival Architect: John J. Petit of Kirby, Petit & Greene Other work by architect: Houses in Prospect Park South and other Victorian Flatbush neighborhoods, commissioned homes in […]
The permanent signage for Nordstrom Rack and T.J.Maxx went up on the front on the Offerman Building at 505 Fulton Street last week. Nordstrom Rack is prepping for its opening next week on Thursday, May 1. T.J.Maxx is still “coming soon” — and it probably will be soon. We saw an ad on a bus […]