Residential housing had a good year in 2012, but Brooklyn’s commercial market may be doing even better. According to a new report out from Brooklyn commercial real estate firm TerraCRG, there were 40 percent more commercial sales in 2012 than in 2011. The $4.38 billion in sales was double that of 2011. Development sites zoned for residential buildings were in the most demand. Investors spent $695 million on these sites, up 221 percent from 2011. Mutifamily sales accounted for $1.3 billion and 585 transactions — the most of any category. Bed-Stuy, Bushwick and Crown Heights (which the report lumps into a single zone) had more commercial transactions than any other area considered by the report — 529 in total. Investors may also be getting more comfortable with larger purchases: there were 59 sales topping $10 million, about twice the number in 2011.
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 […]