Real estate firm TerraCRG announced it has closed sales on five commercial properties in Brooklyn. While all were spread out across the borough and separate deals, the value of the five came to $10.08 million, the firm said. The new owner of a vacant, 9,540 square foot residential development site at 375 Prospect Place in Prospect Heights, above, plans to develop a six-story-high building with seven units. It sold in October for $1.2 million, said TerraCRG. As we reported that month, the architect is Bricolage Architects and Design. Other deals likely to spur changes were at 156 Broadway between Bedford and Driggs in Williamsburg. There, a vacant, mixed-use, three-story building sold in September for $2.65 million. Over in Cobble Hill at 213 Union Street another vacant, three-story, mixed-use building sold for $1.275 million. The other sales were at the boutique-condo-turned rental building at 137 5th Avenue in Park Slope and a rent-stabilized eight-unit building 139 Starr Street in Bushwick, both occupied. “These recent transactions demonstrate the strength of the Brooklyn commercial sales market which we anticipate will total $3 billion dollars in sales for 2012,” said Ofer Cohen, founder and president of TerraCRG.
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Apple is “looking closely” at Two Trees’ BAM South site and a converted brick factory building on Bedford between North 3rd and North 4th for its first Brooklyn location, The Real Deal reported. Rumors have been flying about Apple’s first Brooklyn store since 2008, but so far none have come to pass, including a location […]
Brooklyn, one building at a time. Name: Row houses Address: 87-93 Rutland Road Cross Streets: Flatbush and Bedford Avenues Neighborhood: Prospect Lefferts Gardens Year Built: 1925 Architectural Style: Neo-Georgian Architect: Slee & Bryson Other works by architect: Many other row and freestanding houses in PLG, as well as in Crown Heights North and South, Victorian Flatbush […]
Kiehl’s has filled the windows of its future Brooklyn Heights store with giant images of its products, most likely to hide work going on inside. The skincare company was scheduled to start construction at 124 Montague Street November 1 in anticipation of a post-Christmas opening, according to previously published reports. The prime corner space had been occupied […]
Park Slope 370 8th Street Broker: Corcoran Price: $2,299,000 Sunday 12:00 – 1:30 GMAP Windsor Terrace 1658 10th Avenue Broker: Halstead Price: $1,849,000 Sunday 12:30 – 2:30 GMAP Crown Heights 908 Sterling Place Broker: Brown Harris Stevens Price: $999,000 Sunday 1:00 – 2:30 GMAP Bay Ridge 236 79th Street Broker: Fillmore Price: $799,000 Sunday 1:00 […]