A Sleep Inn Hotel is going up at 2590 Stillwell Avenue in Coney Island, Amusing the Zillion reported. The Sleep Inn will have 12,989 square feet of space on a 13,000-square-foot lot.
The building will be four stories with 53 units, according to a new building application for which permits were issued in October. Based on photos from Amusing the Zillion, looks like the foundation is in and the walls are starting to rise. It will be the area’s “first new hotel in many decades,” said the blog.
A crumbling wood-clad 19th century row house on Smith Street with all its trim intact is probably going to be altered beyond recognition soon, according to neighborhood blog Pardon Me For Asking. Permits have been pulled for a two-story addition, and blogger Katia Kelly speculates the cornice will probably be removed and the facade altered.
Of course, it would be great if the addition were set back and not visible from the street, and the front facade were restored. The property is located at 159 Smith Street between Wycoff and Bergen Streets in Boerum Hill.
A New York Times “The Hunt” story trailed a couple as they looked for a house to buy in Bed Stuy. They were renting a studio in Brooklyn Heights and decided to make the jump into home ownership when their rent increased to $1,850.
Two years ago they started hunting in Bed Stuy, with a budget starting at $600,000. They saw a great place for $700,000 but passed because it was located in Crown Heights. Then the market took off.
Prices kept rising, investors were buying at high prices with all cash, a house they liked didn’t appraise — it’s a familiar story.
Eventually, they ended up buying an SRO in Crown Heights for $950,000. They closed in mid-summer. Now they are waiting for a certificate of non-harrassment and plan to move in with their new baby, who is due in January.
A recent post on the Forum asked “Is it even possible to buy a decent home in this market?” The poster is looking in far east Bed Stuy for a non-flipped house in OK condition with a budget of $800,000 and $200,000 set aside for renovations. What do you think?
It’s rare that a brownstone comes up for auction, but the four-story Neo Grec-Italianate house at 29 Schermerhorn Street is scheduled for December 11. From what we can piece together from online documents, the history of the house is complicated, but it appears the current owner bought it in 1978, and it is being sold at the request of her guardian.
The official listing doesn’t give much info on the property, but a listing over at Weichert says it is divided into nine units, eight of which are studios and one of which is a garden level floor through apartment. “Deferred maintenance needed throughout,” it continues, and says “sold as is no interior viewing.” A tipster who spoke to the broker tells us it will be delivered vacant.
Home renovation matchmaking and blog site Sweeten has mapped every residential renovation project filed with the New York City Department of Buildings over the past 10 years. They pulled some data for us that shows Brooklynites filed 6,776 home renovations in the first six months of the year, and $77,710 was the average cost of those alterations. The biggest job during that time cost $7,000,000, based on self reported costs at filing. If you click on one of the mapped dots, it will tell you the name of the owner and the architect (if there was one). Sweet.
This seems like such a cute house at such a good price for Brooklyn. We like Wallabout and we like the renovation, which features a steel and reclaimed wood staircase, teak hardwood floors, Carrera Carrara marble counters in the kitchen, and lacquer cabinets. All the mechanicals are new, as is the siding, windows, roof, and skylights. The whole nine yards! But the property has a potentially fatal flaw: It’s right on the BQE. Given the reputed dangers of car exhaust, it might work best as a rental or a place to own and live in for a few years rather than decades. It has a lovely outdoor space but we’re guessing you’ll hear traffic. For $999,000, what do you think of it?
We’ve added a new section to Brownstoner called Market Trends that offers real time info on rental and sales prices throughout Brooklyn, Queens, Manhattan and upstate. It can show you neighborhoods in your price range you might not have known about or what your property is currently worth — and many other stats. It’s based on the listings on our site and is updated throughout the day.
A quick look this morning revealed that most of the more affordable neighborhoods of Brooklyn, from Crown Heights to Bushwick to Bed Stuy and more, all clock in at the same median rental price: about $24 a square foot. Average rental prices vary considerably, with Windsor Terrace at the top at $35.65 a square foot and Bay Ridge at the bottom (cheaper than Crown Heights, Bushwick, Flatbush and Bed Stuy) at $25 a square foot.
The more expensive neighborhoods of Brooklyn Heights, Dumbo and Williamsburg all exceed a median rent of $48 a square foot, with averages as high as $55.97 (the Heights wins).
A quick glance at the sales reports reveals Windsor Terrace is, in fact, less expensive than South Slope, with an average sales cost per square foot of $596, vs. South Slope’s $810. (Both neighborhoods had 21 listings each.) East Flatbush was the only neighborhood we could find where the median price is still under $200 a square foot — it’s $176.
If you do not already live in Windsor Terrace, perhaps you’ve thought about it. Specifically, you may have noted its proximity to Prospect Park and wondered if there are any secret housing bargains to be found there — if you’ve heard of the neighborhood at all.
A story in The New York Times real estate section looking at what it’s like to live in the area does not entirely clear up this question. The area is relatively small with few transactions, so it’s hard to get a grip on what things cost there, according to the story. However, it appears Windsor Terrace is competitive with if not more expensive than South Slope, with prices for row houses clocking in at “nearly $2,000,000,” according to the Times.
The one large grocery store in the area, Key Food, famously closed, but is expected to open a small outpost in its former home, now a Walgreens, this coming spring. In late November, only 15 properties of any kind were on the market. The F train takes about 40 minutes to get to midtown, according to the story.
If you live there, does the Times writeup ring true? What is your favorite thing about the area?
After decades of mostly mom and pop retail, chain stores are moving to Brooklyn. The borough had the biggest increase in chain stores of any in New York, an increase of 2.8 percent in 2013, bringing the total number of chain stores in Brooklyn to 1,511, according to a report from the Center for an Urban Future. Capital New York was the first to cover the report.
Dunkin Donuts has the most stores of any chain in Brooklyn, with a total of 123. Its October opening at the corner of Bedford and North 7th in Williamsburg, above, got a lot of attention. Other retailers gaining in Brooklyn include Subway, Metro PCS, 7 Eleven, Family Dollar, Auntie Anne’s, Popeye’s and T Mobile. The transformation of downtown’s Fulton Mall by national and global retailers such as H&M, Century 21 and T.J. Maxx has been widely noted. Do you think it’s high time Brooklyn got some attention from big retailers, or do you prefer local stores?
Hungry Ghost opened its second Brooklyn location last week at 781 Fulton Street. The coffee shop serves its own baked goods, Stumptown coffee, and breakfast and lunch items such as granola, sandwiches and quiche. It also plans to host events such as comedy nights. We think they did a really nice job on the exterior. (The inside looks good too.) Click through to the jump for a look at the tire shop it replaced and a glimpse of the interior through the window. Anyone been yet?