If you’ve got Brooklyn property to sell, fantastic. It’s a seller’s market. People are clamoring for Brooklyn property. Your listing may even ignite a bidding war. You will probably be sitting on a lot of cash after you sell. But then what do you do? Hopefully you’ve got plans to move to, say, Kansas, because buying another place or even finding a rental in Brooklyn is going to be very, very, very difficult, according to DNAinfo. ”Right now is a horrible time to be a buyer or a renter,” said Catherine Witherwax, director of sales for Stribling’s first Brooklyn office. ”There’s very little on the market. We’re seeing unprecedented interest in Brooklyn and people staying in Brooklyn. And we’re seeing a large international component. The borough’s popularity goes beyond New York City and the metropolitan area.” Buyers will need perfect credit and enough funds to win a bidding war with all cash. The story gives an overview of the market in four neighborhoods with tips and deets on prices in each: Crown Heights, Bushwick, Bed Stuy, Dumbo. Crown Heights, for example, “is really starting to boom” with prices for renovated homes in the $1.2 to $1.5 million range. Rents are 10 to 30 percent cheaper than in Manhattan, with studios going for $1,200 to $1,500. Depressed yet? The article has some advice: If you’re priced out, try Queens.
Rent vs. Buy: Navigating Brooklyn’s Tight Real Estate Market [DNAinfo]
Pierhouse Starts to Take Shape Beside Brooklyn Bridge Park [Curbed] The Apocalyptic Landscape Near the Kosciuszko Bridge Is Now Complete [Greenpointers] Four Arrested in Williamsburg Beating of Gay Black Man [Gothamist] Senior Housing in Bed Stuy Will Undergo $6 Million Upgrade [DNAinfo] Crown Heights Drivers Ticketed up to 88 Percent More This Year, Police Say [DNAinfo] Paintings by Neighbor […]
The Brooklyn Greenway is expanding to Columbia Street between Degraw and Kane, and a desolate stretch of waterfront is about to get much greener. There’s already a protected bike lane on Columbia Street, but the Brooklyn Greenway Initiative is going to begin landscaping the first part of the Columbia Waterfront Park. They’re looking for enthusiastic […]
Astoria Cove Begins its Six-Month Review Process for a Zoning Change Queenswalk: Eric Kebbon and the Far Rockaway Post Office Listing of the Day: 50-21 Parsons Boulevard It’s In Queens! Events from April 24th to April 30th Osmond Brothers, Comedian Mario Cantone Set For Queensborough Performing Arts Center Mexico Blvd. Food Truck Plans to go […]
Brooklyn, one building at a time. Name: Row houses Address: 409-417 Grand Avenue Cross Streets: Gates and Putnam Avenues Neighborhood: Clinton Hill Year Built: 1909 Architectural Style: Colonial Revival Architect: John J. Petit of Kirby, Petit & Greene Other work by architect: Houses in Prospect Park South and other Victorian Flatbush neighborhoods, commissioned homes in […]
The permanent signage for Nordstrom Rack and T.J.Maxx went up on the front on the Offerman Building at 505 Fulton Street last week. Nordstrom Rack is prepping for its opening next week on Thursday, May 1. T.J.Maxx is still “coming soon” — and it probably will be soon. We saw an ad on a bus […]