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]
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Zamperla Announces Plans for Water Park on Former Thunderbolt Site [Brooklyn Paper] McCarren Park Tree Decorated for 3/11 Japanese Earthquake and Tsunami Memorial [Greenpointers] Attention Drivers: Lane Closures Scheduled for Belt Parkway at Bay Ridge Avenue [Bensonhurst Bean] Man Indicted for Taking $10K Painting of Basquiat From Williamsburg Gallery [DNAinfo] Pinnacle Buys out Partner in $208 Million Deal for […]
Scaffolding has gone up on the side of the Coignet Building next to Whole Foods, above, where it appears the grocer is finally making good on its obligation to repair the landmark, Gowanus Your Face Off reported. As we noted previously, in December a renovation permit was approved and Whole Foods was fined $3,000 by the […]
Brooklyn, one building at a time. Name: Private house Address: 218 Arlington Avenue Cross Streets: Corner Ashford Street Neighborhood: Cypress Hills Year Built: Around 1900 Architectural Style: Queen Anne Architect: Unknown Landmarked: No The story: Cypress Hills has a fine collection of housing stock that brings a smile to the face of most old house lovers. […]
The owners of Berry Park are working on a new bar nearby in Greenpoint called Northern Territory, which will host a soft opening tonight. Just like Berry Park, Northern Territory is a large converted warehouse space with rustic wooden decor and a rooftop bar. Hidden behind an unassuming door at 12 Franklin Street on the corner […]