A report on the rental market in Manhattan and Brooklyn by real estate firm Douglas Elliman was released today and it found that the median rental price in North and Northwest Brooklyn was $2,572, essentially the same as it was this time last year. The rental price per square foot ticked up just 4.6 percent over the year. According to the report, this may indicate a period of slower rental price growth ahead. Studio apartments took the biggest hit, with the median price falling by 5.5 percent, possibly because some of these tenants are leaving the rental market to become first-time buyers. One and two bedroom apartments saw modest gains. The largest jumps were for luxury apartments: the average price and average price per square foot were both up 12 percent over this time last year for those units. And Brooklyn, even these tonier neighborhoods, remains a significant bargain over Manhattan with an average price per square foot of $35 compared to $50 in Manhattan.
Developer Adam America has put up a construction fence around 470 4th Avenue, the large development site where it plans to replace nine buildings on seven tax lots with a 12-story residential building. Demo permits were approved last year, before Adam America bought the property for $20,000,000 last month. A note in the file says demo […]
In case you were wondering just who is the market for 421 Kent, a non-Hasidic development in the heart of Hasidic Williamsburg, now we have the answer: Overseas Chinese investors. The site, which takes up an entire block and is 3.75 acres, was stalled for years and traded hands a few times before Beijing-based developer […]
In April of 1873, when the warming breezes of spring caressed the sideburned cheeks of wealthy male Brooklynites, they, as one, turned their attentions to their favorite pastime – racing their fancy horses and carriages along the roads leading to Coney Island. It was the place to be seen, and anyone who was anyone could […]
As we reported last summer, the Friends of Greater Gowanus (FROGG) has been urging the New York State Board for Historic Preservation, a division of the the State’s Office of Parks, Recreation & Historic Preservation (OPRHP), to create a historic district around the Gowanus Canal for some time now. In the past, FROGG has also […]
A school bus carrying children overturned when a green cab hit it yesterday afternoon at the corner of Halsey and Marcy in Bed Stuy, a reader who sent in these photos told us. Six children and three adults went to Woodhull Hospital. One had serious but not life threatening injuries, according to The New York […]