Although the data from Property Shark shows that prices were down by at least 10 percent in the fourth quarter of 2009 versus 2008, Corcoran’s latest market report boldly states that “Brooklyn pricing may be reaching bottom as the national and local economies strengthen and sales activity increases versus the first half of 2009.” Some of that optimism stems from the fact that prices are decreasing at a slower rate than in previous quarters. The stats from the resale marketâ€”median prices slipped just 2 percent year-over-yearâ€”were also encouraging; single-family townhouses held up particularly well, with the median price in the fourth quarter ticking up 13 percent from the third quarter and a whopping 51 percent from the same period a year earlier. For details on how different neighborhoods fared, check out the report.
4th Quarter 2009 Brooklyn Report [Corcoran]
Something Big in the Works for 208-210 Flatbush Avenue [Here's Park Slope] Permits Filed: 8 Vanderbilt Avenue [YIMBY] New Website Will Hook You up With Jobs in the Brooklyn Tech Triangle [Brokelyn] Crown Heights Councilwoman Criticized for Brewing “Anti-Semitic Stew” [Gothamist] New Apartment Building Planned for Beverley Road [Ditmas Park Corner] Ted x Gowanus! [GYFO] How Do You Feel About the Planned Tower at 626 […]
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 […]
Willets Point Developers Ask City for $43 Million in Tax Breaks Single Family Home in Jackson Heights Sells Just Under $1 Million A Few More Details on the Large Avery Avenue Sale in Flushing Sims Metal at Newtown Creek Listing of the Day: 25-19 35th Street, #3D Food Bazaar Opening on Northern Boulevard Next Week… […]
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 […]