614 east 7th street kensington 122014

Three bedrooms and a parking space for $695,000? Yes, please! That’s the deal at this top-floor condo at 614 East 7th Street in Kensington. The apartment looks to be about 1,000 square feet and also comes with a small private terrace.

The building complex and the apartment aren’t going to win any design awards but they look to be in fine shape. Clearly the size and amenities are what carry the day here. Seem like a good deal to you?

614 East 7th Street, #3D [Corcoran] GMAP

821 halsey street bed stuy 122014

This two-bedroom, one-bath condo in a former tenement at 821 Halsey Street is nicely designed, but on the small side for a two-bedroom. (PropertyShark and the listing put the unit at 780 square feet, but we suspect that might include the stair.)

The living room is narrow at 8 feet and 10 inches but must get a lot of light from the skylight and window. The unit has a private terrace in the back and on the roof, and it faces Saratoga Square Park. An open house is scheduled for Sunday.

Back in 2009, it sold for $275,000, or $352 a square foot. Now the new ask is $549,000, which works out to about $704 a square foot, at least. Do you think that’s where condos in far east Bed Stuy are these days?

821 Halsey Street, #3B [Halstead] GMAP

135 lefferts place clinton hill 122014

We’ve been watching the building at 135 Lefferts Place take shape over the past few months (it’s on our route between home and office) and were just recently thinking that the developer deserved praise for putting up a small new building in this part of town that looks like someone gave a #@$%*!.

Decent ceiling heights, attractive and well-sized aluminum windows and even some plantings outside. Compare this to the atrocity up the block on the corner of Classon and Fulton or the cluster of buildings on Grand from Lexington to Greene and you’ll appreciate the difference.

As for the interiors, the modern doors are nice; the exposed Mitsubishi units not so much. This particular one-bedroom unit is 770 square feet and is asking $675,000, a helluva a lot more than the builder must have pro forma’d when he bought the place! Anyone checked this building out yet?

135 Lefferts Place, #2B [Corcoran] GMAP


When we last checked in at the construction of the Pierhouse hotel and condo development going up in Brooklyn Bridge Park, the hotel portion at 60 Furman Street had topped out but it looked like the condo part had not yet begun. Now it looks like the condo section, which is closer to Atlantic and appears in the foreground of the photo, at 90 Furman Street, is up to about eight stories, out of a total of 10. Thanks to a reader for the photo.

Pierhouse Coverage [Brownstoner]

200 water street rendering

The Brillo factory turned condo conversion at 200 Water Street in Dumbo now has its own teaser site with pricing and a new rendering. BuzzBuzzHome first spotted the site, which reveals that asking prices will range from $2,300,000 to $5,600,000-plus. Landmarks approved the conversion plus a two-story glass addition last year, and developer Shelly Listokin has been hard at work building out 15 new condos ever since.

Aufgang Architects is designing the project, which will include two-, three- and four-bedroom condos. Listokin bought two adjacent lots at 173 and 177 Front Street, along with 200 Water Street, from the Jehovah’s Witnesses in March 2013. At 177 Front Street, Aufgang filed plans last year for a 12-story, 105-unit rental, where prices will range from $3,000 to $6,000 a month for one- and two-bedrooms.

Teaser Site for Dumbo’s 200 Water Is a Beautiful Prose Poem [BBH]
200 Water Street Coverage [Brownstoner]


Toll Brothers’ Pierhouse condos in Brooklyn Bridge Park, some of the priciest real estate in Brooklyn of any sort, are more than half sold (in contract, that is) since sales launched in February. Prices are averaging $1,850 per square foot and the developer expects to realize at least $250,000,000 in revenues from the project. It has invested almost $39,000,000 into the development, said executives during an earnings call Wednesday reported by The Real Deal.

The development, designed by Marvel Architects, is still under construction in Brooklyn Bridge Park, and has angered preservationists such as Otis Pearsall and the Brooklyn Heights Association because a three-story rooftop structure housing mechanicals is unexpectedly blocking views of the bridge from the Brooklyn Heights Promenade, as we reported in September.

The units have proved so popular prices have increased six times during the two and a half months of sales, said the story. Of the 106 condos, 60 are in contract. Construction is expected to wrap in summer 2015. Toll Brothers plans to eventually sell the hotel portion of the project, which will be a 1 Hotel from Starwood, for about $100,000,000, said the firm’s chief financial officer.

Toll Brothers’ Pierhouse to See Big Payday [TRD]
Rendering by Marvel Architects


Bed Stuy has been having a year or two of “record growth,” both in prices and volume of deals, said a story in real estate trade pub The Real Deal. Upward prices and lots of construction in the neighborhood “are signs that record growth could continue.” The story’s headline is “Betting on the Bed Stuy Boom.”

What is happening in Bed Stuy mirrors much of the rest of Brooklyn, where deals are setting new price records and the number of deals is rising.

While acknowledging Bed Stuy’s special architecture, a “wealth of highly detailed brownstones,” the story also mentioned “limestone row houses,” which do exist but are more typical of Crown Heights, and focused on condos, which at least for now make up a very small proportion of the housing in the area. As an example of Bed Stuy’s record setting prices, the article cited “condos that top $1 million” (a record set in June 2013) rather than row houses that cost $3 million (last week).

The story spoke with five real estate agents, all of whom said condo prices — now $500 to $700 a square foot — have nowhere to go but up. (more…)

130 jackson street williamsburg 122014

For an apartment that was carved out of a Civil War-era munitions factory, this two-bedroom condo at 130 Jackson Street in Williamsburg doesn’t have much in the way of old-school detail. It does have a good layout, big windows and a private balcony though. And the tax abatement is clearly still in effect, with common charges at just $558 a month. The apartment is east of the BQE but the price is north of $1,000 a foot ($1,067 to be exact). That’s $1,165,000 for 1,092 square feet of interior space — but don’t forget that balcony!

130 Jackson Street, #3C [Corcoran] GMAP

802 dean street crown heights 122014

This ground-floor duplex at 802 Dean Street in Crown Heights looks well priced on a per-square-foot basis: For the asking price of $995,000, you get 1,500 square feet of interior space plus a big back yard. The only catch (in addition to having windows right on the sidewalk) is that two-thirds of the indoor space is below grade. There’s an open house Wednesday from 6 to 7 p.m.

802 Dean Street, #101 [MNS] GMAP

138 broadway williamsburg 122014

With the large majority of condos in Williamsburg now of the new construction variety, lofts that have retained their original detail have a special appeal. The Smith Gray building at 138 Broadway was one of the first (if not the first) condo conversion in the area when it hit the market in 2002. There’s now a great corner three-bedroom that’s just come on the market for $2,550,000. That’s probably about three times what it first went for but, oh, how times have changed in South Williamsburg. Strong points include original floors and columns as well as big windows with lotsa light.

138 Broadway, #5E [Corcoran] GMAP


When we stopped by 265 State Street last week, workers were very busy putting in the rebar for the foundation for the forthcoming The Boerum hotel and condo. The big pit fronts Smith, State Street and Atlantic Schermerhorn Street in Boerum Hill. The name of the complex was all over the construction fence and the side of a neighboring building. Sales for the Flank-designed luxury condos launched last week, as we noted. Click through to see more construction shots. GMAP

265 State Street Coverage [Brownstoner]


22 north 6th street the edge williamsburg 122014

This two-bedroom at The Edge in Williamsburg just hit the market asking $1,650,000, or $1,600 a foot. (It’s hard to believe that when Smorgasburg opened next door in 2011, these places were going for closer to $600 a foot!) This third-floor unit is well laid out, with a master suite, a decent-sized second bedroom and the living room on the corner. The floor-to-ceiling windows are a nice touch too. Common charges are $915 a month. There’s an open house on Sunday from 2:30 to 4 pm if this sparks your interest.

22 North 6th Street, #3I [Halstead] GMAP