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.
Politicians Consider Barclays Center for 2016 Democratic National Convention [CBS] Greenpoint’s Newtown Creek Boathouse Is Still in the Works [Curbed] City Council to Approve Domino, After a Final Negotiation [Capital New York] New Round of Rehab Begins on Ocean Parkway Mall [Sheepshead Bites] Million-Dollar Floor-Through Apartments: 777 Carroll Street [BK to the Fullest] The Long Transformation of the Brownstone at 132 2nd […]
Street safety advocates will have a chance to make their voices heard at two upcoming Vision Zero workshops in Brooklyn Heights and Flatbush. Anyone can attend and suggest street safety improvements, bike lanes, or slow zones in neighborhoods throughout Brooklyn. NYPD and DOT staff will split attendees into small discussion groups and use maps to […]
Brooklyn, one building at a time. Name: Semi-detached row houses Address: 1238-1254 Lincoln Place Cross Streets: Troy and Schenectady Avenues Neighborhood: Crown Heights North Year Built: late teens, early 1920s Architectural Style: Vaguely Mediterranean Architect: Unknown Landmarked: No The story: By the first two decades of the 20th century, housing was at a crossroads in […]
A San Francisco-based co-working space called Makeshift Society is opening a location in Williamsburg on the first two floors of a converted warehouse at 55 Hope Street. Makeshift’s Brooklyn spot occupies 4,000 square feet across both floors and offers 17-foot ceilings, open seating and dedicated studio desks. It will also have a creative tool lending library […]
Here the developers have gutted a small one-family and turned it into three small open-plan apartments, each with two bedrooms. (The listing says there’s an owner’s duplex, but going by the floor plan, it seems to be referring to the cellar.) Some charm still remains in the form of beautiful fireplaces and the exterior, which has […]