The Douglas Elliman 3rd Quarter Market Report for Brooklyn came out this morning and the numbers show broad improvement quarter-over-quarter but still weakness compared to a year ago. Median sales prices fell 6.7% to $476,000 from $510,000 in the prior year quarter but rose 7.9% from $441,090 in the prior quarter; average sales price fell 5.3% to $544,676 from $575,287 in the prior year quarter but jumped 10% from $495,120 in the prior quarter; and the total number of sales declined 19.6% to 1,847 from 2,298 sales from the prior year quarter but increased 29.3% from 1,428 units in prior quarter. The numbers in North Brooklyn looked the ugliest, with average price per square foot down 35% from the year earlier and the number of sales off by more than 40%. Two-family houses across the borough also proved surprisingly resilient, with median sales price holding flat from a year ago and rising 27% over the quarter. For more detail, check out the full report here.
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Apple is “looking closely” at Two Trees’ BAM South site and a converted brick factory building on Bedford between North 3rd and North 4th for its first Brooklyn location, The Real Deal reported. Rumors have been flying about Apple’s first Brooklyn store since 2008, but so far none have come to pass, including a location […]
Brooklyn, one building at a time. Name: Row houses Address: 87-93 Rutland Road Cross Streets: Flatbush and Bedford Avenues Neighborhood: Prospect Lefferts Gardens Year Built: 1925 Architectural Style: Neo-Georgian Architect: Slee & Bryson Other works by architect: Many other row and freestanding houses in PLG, as well as in Crown Heights North and South, Victorian Flatbush […]
Kiehl’s has filled the windows of its future Brooklyn Heights store with giant images of its products, most likely to hide work going on inside. The skincare company was scheduled to start construction at 124 Montague Street November 1 in anticipation of a post-Christmas opening, according to previously published reports. The prime corner space had been occupied […]
Park Slope 370 8th Street Broker: Corcoran Price: $2,299,000 Sunday 12:00 – 1:30 GMAP Windsor Terrace 1658 10th Avenue Broker: Halstead Price: $1,849,000 Sunday 12:30 – 2:30 GMAP Crown Heights 908 Sterling Place Broker: Brown Harris Stevens Price: $999,000 Sunday 1:00 – 2:30 GMAP Bay Ridge 236 79th Street Broker: Fillmore Price: $799,000 Sunday 1:00 […]