Yesterday NYU’s Furman Center released its report on the city’s housing market for the first three months of the year, and aside from the downward trend in foreclosures citywide, the numbers don’t paint a pretty picture. With respect to Brooklyn, the total number of sales in the first quarter, 1,695, represented a 21 percent year-over-year decline and a 19 percent dip from Q4 2010. Furman’s “index of housing price appreciation,” meanwhile, pegged Brooklyn as down 28 percent from the peak of the market, which the center defines as the fourth quarter of 2006. On a slightly more positive note, notices of foreclosure in Brooklyn were down 15 percent from the same time last year. Meanwhile, the report says that new residential building permits were basically nonexistent in Brooklynâ€”25 units in total, down 65 percent from the same period last yearâ€”and across the city as a whole, which only saw 158 new units green-lighted, a 45 percent drop from the same time last year.
New York Quarterly Housing Update 2011: 1st Quarter [PDF; NYU Furman Center]
Imagining a Streetcar Line Along the Brooklyn Waterfront [NY Times] Catholic High School in Windsor Terrace Abruptly Loses Its Fight to Stay Open [NY Times] A Way for Artists to Live in Brooklyn [NY Times] Inside the Country’s First Multi-Family Affordable Passive House Apartments [NY Daily News] Senator Schumer Urges FTC to Examine Sky-High ConEd […]
Metropolitan Avenue G Train Stop Appears to Be Getting a Touchscreen Kiosk [Brokelyn] Graffiti Burners in Brooklyn [Animal NY] Patrick Stewart Wants to Ban Strollers in Park Slope [Intelligencer] Photo of the Week: Changing Corners of Bed Stuy [Brooklyn Historical Society] What Will Become of the Huxley Envelope Building in Greenpoint? [Greenpointers] Every Single Place That’s Ever Been Called […]
Two of Brooklyn’s most influential figures in art and real estate, choreographer Elizabeth Streb and developer Jed Walentas, will discuss the borough’s evolution and the importance of supporting artistic ventures next month at the Brooklyn Historical Society. The MacArthur Genius Award-winning choreographer started the Streb Lab for Action Mechanics (SLAM) in a Williamsburg warehouse in 2003, […]
Brooklyn, one building at a time. Name: Berean Missionary Baptist Church Address: 1635 Bergen Street Cross Streets: Utica and Rochester Avenues Neighborhood: Crown Heights/Weeksville Year Built: 1894 Architectural Style: English Gothic Architect: Benjamin Wright Landmarked: No, but should be The story: On August 11th, 1850, a group of Brooklyn abolitionists got together to found a […]
A tipster sent along these photos of Tripp & Cooper Cafe in Fort Greene, which the city closed Tuesday for operating without a permit. The cafe and coffee shop at 80 Dekalb Avenue, across the street from the Long Island University campus, opened in the fall of 2012. It served crepes, coffee, sandwiches and pastries. […]