This single family, three-story Carroll Gardens townhouse has plenty of details, some old, some new. It has the deep front yard that Carroll Gardens is known for and appears to have some original moldings and one marble fireplace. But elsewhere, there are lots of new additions. Recessed lighting has been installed throughout. There are new columns, crown molding, Brazilian cherry wood floors and other updates. According to the listing, for some reason the building has steel-reinforced floors and stairs. It also has central air conditioning. It’s asking $2,990,000. What do you think?
A Stop Work Order has been issued at this Bed-Stuy construction site at 726 Monroe Street on Friday because neighbors complained that an excavator had smashed into their building. One neighbor told NY1, “the lady told me that the whole wall shook. She came downstairs and said the building is smashed. So I went upstairs, the whole wall is smashed in. It took the whole sheet rock and pushed it all in.” According to NY1, when authorities arrived the excavator was leaning against the building. (more…)
A new report out from real estate firm Massey Knakal finds that the Brooklyn investment market is on track for another record year, eclipsing even the bubbly markets of 2006 and 2007. In the first half of 2014, 1,068 investment properties (apartment buildings, mixed use, industrial and office buildings as well as development sites) sold, a 92 percent increase over the first half of 2013. And that is the largest number of sales of any year, beating out the previous high from the first half of 2007. Purchases of elevator buildings were up 342 percent in the first half of 2014 over the same period the previous year. Even the total dollar amount of sales was up dramatically: 142 percent over the first half of 2013. The total dollar figure of all Brooklyn deals, $3.4 billion, far surpassed the previous high of $2 billion in the first half of 2006.
For investors, this boom is drawing in far more cash and resulting a lot more deals than we saw during the real estate bubble in the run up to the financial crisis. If investors are throwing this much money around, should the rest of us be worried?
This two-family brick townhouse at 820 Macon Street facing Saratoga Park in far eastern Bed Stuy is reasonably priced for a part of the neighborhood where most listings seem to hover around a million dollars.(more…)
This 1920s brick townhouse in Crown Heights South just may have set a new neighborhood record. The single-family home, which sold for $999,000 in December, sold again in July for $1,850,000, more than $150,000 above the original asking of $1,695,000. The home at 1388 Union Street has been well maintained and, according to the listing, is chock full of details including bay windows, original moldings, mirrors and wood paneling, (though all the woodwork is painted). The renovation is very well-done. It’s unclear how much work the flipper actually did on the home given how fast it turned over. Interior pics after the jump. (more…)
This two-family townhouse in East Williamsburg is wide and deep. The home is 23 feet across and 49 feet long. But there are some oddities. More than seven feet of that width on the garden floor is taken up by a 49 foot long garage, making parking for more than a few cars easy, if you are exceptionally skinny or can exit through your sunroof. There are few windows on the front of the building because of the garage and the garden unit is small. But there are some upsides too. (more…)
Lots of new renderings have been posted for the 61-unit apartment building going up on the corner of Nevins and Schermerhorn Streets in downtown Brooklyn. Curbed first noted the renderings and the architects’ lament about their inability to afford handmade brick for the exterior. We wrote about the building’s exterior back in December when renderings were first posted on the construction fence. Now there is more detail and plenty of interiors to see too courtesy of Incorporated, the architecture firm that is designing the building. Click through for more. (more…)
The Crown Heights gardeners that have been fighting to save their plot, called Roger that Garden, from a developer are facing a massive bill if they hope to regain rights to the property. According to a story in the New York Post, the owner, Steve Billings of TYC Realty, says the price for the lot on Rogers Avenue and Park Place is now as high as $1,000,000. The Post says that he bought the parcel for just $10 and the property now has over $8,500 in unpaid tax liens. (more…)
The three buildings on this multi-lot site in western Bed Stuy have come a long way since we checked in last summer. Then, foundations were just being poured. Now the units are enclosed and windows are in. (more…)
PS 261 in Boerum Hill has a garbage problem, say local residents who are getting tired of seeing, and, this time of year, smelling, trash strewn in front of the school. According to DNAinfo, the school, at 314 Pacific Street, has been leaving piles of garbage bags out on the sidewalk for years. One 21 year-old woman the reporter spoke to remembers avoiding the stacks of refuse on school’s side of the street when she was just 9 years old. (more…)