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?
Developers Turning New York Into Big Green Apple [REW] When It Comes to Ditmas Park, What’s in a Name? [Ditmas Park Corner] Whole Foods Opening December 17 [Brooklyn Daily Eagle] De Blasio Fills Three Top Posts — But Not Top Cop [Intelligencer] Small Wood Clad House on Smith Street Soon to Be Altered [PMFA] Hundreds Gather to Launch the Park Slope Street Safety Partnership [Streetsblog] Councilwoman […]
Home renovation matchmaking and blog site Sweeten has mapped every residential renovation project filed with the New York City Department of Buildings over the past 10 years. They pulled some data for us that shows Brooklynites filed 6,776 home renovations in the first six months of the year, and $77,710 was the average cost of […]
Brooklyn, one building at a time. Name: Marine Commandant’s House, Brooklyn Navy Yard, now BLDG 92 Address: 63 Flushing Avenue Cross Streets: Carlton Avenue Neighborhood: Fort Greene Year Built: Original building, 1857, new addition and BLDG 92 complex, 2012 Architectural Style: Original building, Italianate Architect: Original Marine Commandant’s house — Thomas U. Walter. BLDG 92 rehab and […]
Property owner Infinity Real Estate recently filed new building applications for 1245 Fulton Street in Bed Stuy, where Planet Fitness inked a lease in October. Although the gym had reportedly originally planned to add a second story onto the existing building, now it looks like the landlord is planning to build an entirely new one-story […]
This seems like such a cute house at such a good price for Brooklyn. We like Wallabout and we like the renovation, which features a steel and reclaimed wood staircase, teak hardwood floors, Carrera Carrara marble counters in the kitchen, and lacquer cabinets. All the mechanicals are new, as is the siding, windows, roof, and skylights. The […]