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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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 […]