The Post has a story today examining the impact Atlantic Yards will have on neighboring communities, and most real estate industry people quoted in the article say it’s still unknown whether or not it will boost nearby residential values. Ofer Cohen, president of the commercial brokerage TerraCRG, says that while “no one knows exactly what will change yet,” retail space is in demand. Residential brokers aren’t as bullish, though: Brendan Aguayo, an agent at Aguayo and Huebener, says he hasn’t “seen developers trying to buy close to the stadium.” Aguayo, who has been marketing condos at a couple small buildings near Atlantic Yards, says that the project hasn’t kept anyone from closing on units, but buyers are still “concerned and unsure about what Atlantic Yards will bring.” Meanwhile, the story also touches on sales at Atlantic Terrace, where the developer says prices are going for around $550 a foot. Atlantic Yards Report notes that in a 2009 report by the consulting firm KPMG to the Empire State Development Corporation, the company determined that only a “modest inflation factor” would be needed for Forest City Ratner to achieve its goal of selling units for $1,217 a foot by 2015. That means, as Atlantic Yards Report notes, that “the Atlantic Terrace price of $550/sf would have to more than double across the street” in just a few years.
Court Vision [NY Post]
NY Post on Real Estate Around AY [Atlantic Yards Report]
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. […]
Park Slope 526 3rd Street Broker: Brown Harris Stevens Price: $3,995,000 Sunday 12:00 – 1:30 GMAP Greenpoint 78 1/2 Norman Avenue Broker: Corcoran Price: $2,495,000 Sunday 1:00 – 2:30 GMAP Clinton Hill 308 Waverly Avenue Broker: Elliman Price: $2,250,000 Sunday 1:00 – 3:00 GMAP Bed Stuy 165 Lewis Avenue Broker: Corcoran Price: $840,000 Saturday 2:00 […]