Commercial real estate in Brooklyn remains strong, according to the latest report from commercial realty group TerraCRG. In the first half of the year, there were 563 sales worth more than $1.23 billion. That’s an increase of 50 percent in dollar volume over the same period last year, according to TerraCRG. Here’s why: Prices of development sites have increased. Development site transactions accounted for more than 15 percent of the total dollar volume. Not surprisingly, Downtown and Park Slope led in highest dollar volume of total sales, with Williamsburg and Greenpoint closely following. But surprisingly, the combined areas of Bed Stuy, Bushwick, and Crown Heights had the most amount of trades. Perhaps landlords see potential in those areas?
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 […]