MNS released a market report yesterday focusing on new developments in Brooklyn, and it looks like those properties for sale are in very high demand. MNS reported $307 million of new development sales in the third quarter, a 31 percent increase from the previous quarter. The median sales price is up to $687,318 and the median price per square foot rose above $700. According to MNS, that’s the first time the price-per-square-foot numbers have gotten that high. Not surprisingly, the big condo buildings brought in lots of money this quarter: The Edge in Williamsburg closed $40 million worth of sales, Dumbo’s 205 Water Street closed around $31 million in sales, and One Brooklyn Bridge closed $22 million. (The quarter’s top sale was at The Edge for $2,840,917; Williamsburg, as you can see above, is the neighborhood with the highest new development sales.) No word yet, of course, if worries about the waterfront locations post-Sandy could affect sales at new developments down the line. MNS also reports a market downswing in Prospect Heights, due to lack of inventory, and a rising price per square foot in the Cobble Hill and Boerum Hill areas. And, as The Real Deal noted, Crown Heights saw the largest quarterly increase in price per square foot, from $297 to $557 into this third quarter.
Brooklyn New Development Sales Rise 31 Percent Over Last Quarter [TRD]
Visiting the Gowanus Canal’s Under-Transformation “Wild West” [Curbed] EPA Gowanus Canal Community Advisory Group Will Meet Next This Coming Tuesday [PMFA] Bushwick Artist Turns Brooklyn Street Signs Into Post-Apocalyptic Weapons [Animal NY] Food Book Fair and Pop-up Bookstore at the Wythe Hotel [Greenpointers] Two New Tutoring Centers in the Neighborhood [Ditmas Park Corner] Cool Tree […]
Preservationists Elizabeth Finkelstein and Chelcey Berryhill will teach a class next week on how to research the history of any wood frame, stone or brick townhouse or apartment building in Brooklyn. Making use of digitized, online resources as well as other repositories in Brooklyn and Manhattan, “Research Your Historic Brooklyn House” will cover how to research the […]
Brooklyn, one building at a time. Name: Row houses Address: 207A-209 18th Street Cross Streets: 4th and 5th Avenues Neighborhood: Greenwood Heights Year Built: Before 1888 Architectural Style: Queen Anne Architect: Unknown Landmarked: No, but these blocks should be The story: In 1844, the city of Brooklyn voted to extend open up 18th Street from 9th […]
The Heights Cafe restaurant at 84 Montague Street re-opened earlier this month after six weeks of interior renovations. There is also a new menu, with new-American fare such as a lobster roll, oyster po-boy, a burger, veal and wild mushroom meatloaf and a ribeye. Click through to the jump for an interior shot. Has anyone […]
Huge and on a corner, this gem of a Greek Revival house at 15 Willow Street in Brooklyn Heights was built in 1834. The proportions are impressive: It’s 25.5 feet wide with five stories and 39 windows. It has beautiful marble and wood Greek Revival fireplaces, dentil crown molding as well as the other moldings […]