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.
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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 […]