Three of our Open House Picks sold, all within $100,000 of the asking price. One was over and two under (one just barely).
It would be a stretch to conclude the bidding wars are cooling down; perhaps the prices reflect the condition of the properties. Unfortunately, even a price chop hasn’t helped the Brownsville house to sell.
The New York Landmarks Conservancy has announced the winners of its 25th annual Lucy G. Moses Preservation Awards. And Brooklyn is well represented. Five buildings in the borough that have recently gone through meticulous restorations have been chosen to receive the organization’s highest honors for outstanding preservation.
We’ve noticed development in Bed Stuy going gangbusters lately, and now there is data to prove it. Last quarter, developers filed more permits for new residential buildings in Bed Stuy than in any other neighborhood in all of New York City.
Developers filed permits for 33 new residential building in the neighborhood in the first quarter. That was three times the number filed in the runner-up neighborhood, Bushwick, which had 11 applications. (more…)
Sales prices in Brooklyn climbed for the 10th consecutive quarter, setting a new record, while rents finally seem to have stabilized. That’s the overall picture we drew from data in reports out today from Douglas Elliman and Corcoran, confirming what we’ve been seeing in the market recently.
The Elliman report, prepared for the firm by Jonathan Miller, president of Miller Samuel, showed the median sales price for a home in Brooklyn was up 17.5 percent in the first quarter of this year over the same period last year to a record of $610,894. The median condo sales price hit a new record at $729,750. The median sales price for a one- to three-family home was up 26.9 percent over the first quarter last year to $744,000.
One of the biggest jumps in price was for two-family homes in northwest Brooklyn — the swath of 16 neighborhoods from Brooklyn Heights to Park Slope, from Fort Greene to Dumbo. Prices for those properties were up 46.2 percent over last year. (more…)
Next week residents in seven city council districts in Brooklyn will be able to vote on how to spend millions of dollars in city funds. The process, called participatory budgeting, is designed to give the public a voice in how to allocate resources. Each district will have about $1,000,000 to spend on winning projects.
Last year residents of District 33 chose to upgrade the playground at McGorlick Park in Greenpoint, pictured above. This year projects on the ballot include a $400,000 renovation of the community center in Cooper Park in east Williamsburg, $260,000 to plant trees and install tree guards in Sunset Park, and $225,000 for technology improvements at three public schools in Bensonhurst. (more…)
This Boerum Hill one-bedroom garden apartment has quite a few perks — a washer and dryer, space for a home office or den, and a private garden patio as well as shared garden space. It’s got wide plank floors and lots and lots of exposed brick (for those who like exposed brick).
The asking price is $2,750 a month which includes all utilities except for electricity.