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]
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Learn about gardening and food policy at the Brooklyn Botanic Garden this weekend during its 33rd annual Making Brooklyn Bloom conference. The event, which is free with admission to the garden, includes workshops, networking lunches for gardeners and urban famers, walking tours and gardening how-tos. Workshops will cover topics like composting, soil contamination, nature walks […]
Brooklyn, one building at a time. Name: Row houses Address: 175-183 6th Avenue Cross Streets: Lincoln and Berkeley places Neighborhood: Park Slope Year Built: 1889 Architectural Style: Romanesque Revival Architect: Frederick B. Langston Other work by architect: Row houses on Hancock Street, Bedford Stuyvesant. With frequent partner Magnus Dahlander – row houses, flats buildings in […]
A group of artists are transforming a large parking garage on Dean Street between Grand and Classon into a performance space that will feature a restaurant, bar, art gallery and a large backyard, as DNAinfo was the first to report. Their venture, Global Square, will host concerts, dance performances, movie nights and art shows at […]
Crown Heights 466 Prospect Place Broker: Fillmore Price: $2,999,000 Sunday 1:00 – 2:30 GMAP Williamsburg 265 North 6th Street Broker: Elliman Price: $1,750,000 Sunday 1:00 – 2:30 GMAP Crown Heights 1537 Pacific Street Broker: Urban Vue Price: $1,600,000 Saturday 10:00 – 2:00 GMAP Bed Stuy 600 Hancock Street Broker: Sky Group Realty Price: $800,000 Saturday […]