416 ocean avenue 3

Here’s a spacious and affordable three-bedroom co-op for rent near the park in Flatbush. There are three nicely sized bedrooms, a large separate living room, and a windowless office off the foyer. Beamed ceilings and herringbone floors also give it a nice prewar feel. However, the co-op board does have to approve any potential renters. What are your thoughts on it for $2,600 a month?

416 Ocean Avenue, #35 [Corcoran] GMAP

(more…)

2100-2110 bedford avenue prospect lefferts gardens 32015

Three adorable wood frame Victorians are being torn down on Bedford Avenue between Lenox and Caton Avenues in Flatbush, according to a Brooklynian poster who snapped this photo. They’re coming down to make way for an eight-story Karl Fischer-designed building at 2100 Bedford Avenue, according to permits filed in December. The new development will have 78 units spread across 60,074 square feet, as well as 40 parking spaces on the cellar and first floor. 

The properties at 2100-2110 Bedford Avenue sold for a combined $4,600,000 last year, public records show. Each of the homes sits on a lot that’s 40 feet wide and at least 100 feet deep, which means that a developer will have a 15,000-square-foot plot once the houses have bitten the dust.

Wood frame houses are falling prey to development all over the borough, and activity is especially intense in PLG and Flatbush right now. GMAP

Photo via Brooklynian

1542 nostrand avenue flatbush 32015

Here’s a freshly renovated three-bedroom near Brooklyn College in Flatbush. The living room looks fairly large and has 14-foot ceilings and a skylight. The kitchen has stainless steel appliances, including a dishwasher, and granite countertops. It’s not the cheapest apartment in the neighborhood, but the location is pretty convenient. It’s across the street from the 2/5 trains, close to lots of shops on Flatbush Avenue and two blocks from Brooklyn College. Do you think $2,700 a month seems decent?

1542 Flatbush Avenue, #2 [Corcoran] GMAP

225-247 E.31St, 225, NS, PS

Brooklyn, one building at a time.

Name: Row houses
Address: 225-247 E. 31st Street
Cross Streets: Cortelyou and Beverly Roads
Neighborhood: Flatbush
Year Built: around 1905
Architectural Style: Renaissance Revival
Architect: Unknown
Landmarked: No

The story: The town of Flatbush, in Kings County, did not become a part of the City of Brooklyn until 1894. They liked their independence, and had remained a separate entity since the Dutch began farming there in the 1600s. The architectural development of the neighborhood was sporadic, and is a combination of all kinds of urban and suburban styles, ranging from mega-mansions on large lawns to huge block long apartment buildings, and everything in between.

I’ve always found Flatbush fascinating from an architectural perspective. In taking the bus through the various parts of the neighborhood, and later, driving, you can pass late 19th century row houses, early 20th century two family houses, wood-framed suburban houses and six story apartment buildings all in a three block radius. (more…)

2415 church avenue screenshot

There’s a development wave sweeping over Flatbush, and the latest addition is a seven-story apartment building planned for 2415 Church Avenue between Bedford and Rogers. Permits filed yesterday call for 59 apartments scattered across 48,370 square feet of residential space. The development will also have 30 enclosed parking spaces, 30 bike storage spots and a roof deck.

The architect of record is KSQ Architects, and William Stein of WRS Associates is the developer. WRS paid $1,000,000 for two empty lots at 2415 and 2423 Church Avenue last year, according to public records. The two parking lots total 17,000 square feet and have 123 square feet of frontage on Church. New York YIMBY was the first to write about the filing. GMAP

Image via Google Maps

2525 Tilden Ave, Healey's, Jim Henderson for Wikimedia

Brooklyn, one building at a time.

Name: Storage warehouse
Address: 2525 Tilden Avenue
Cross Streets: Lott Street and Veronica Place
Neighborhood: Flatbush
Year Built: 1923-24
Architectural Style: Colonial Revival-ish
Architect: Unknown
Landmarked: No

The story: You can’t miss this building. That was probably the intent. It looms over this side of the block of Tilden Avenue between the larger blocks of Bedford and Rogers Avenues. It’s six stories high, towering over the two story houses that once filled this block. Today, the scale is mitigated by some newer and taller buildings, but when it was built, it must have soared. I wonder how they got away with that.

The largely windowless building was home to Healey’s Storage and Warehouse. We modern people aren’t the only ones who needed storage for extra furniture and miscellaneous stuff. Ever since Americans became mass consumers of purchased goods, at the end of the 19th century, outside storage space has been needed, especially by city dwellers. In the beginning of the storage wars, it was only rich people who needed storage, but today, just about everyone has more possessions than they have room for. (more…)

770 Flatbush Avenue prospect lefferts gardens 22015

A little storefront with lots of development potential just went up for sale at 770 Flatbush Avenue in Flatbush. TerraCRG is handling the sale. The single-story building is only 2,750 square feet, but a developer could build up to 13,640 square feet on the site.

The plot between between Woodruff and Caton avenues is only a few blocks from the 23-story rental tower at 626 Flatbush Avenue, in nearby Prospect Lefferts Gardens.

In September, the site changed hands for $699,000, public records show. Now the new owners want to flip it for $2,450,000. Also, any future development could qualify for 421a tax abatement (assuming it still exists in six months). GMAP

Photo via TerraCRG

kings theatre matt lambros

Flatbush’s Kings Theatre is set to re-open for the first time in 40 years with a free debut performance on January 27 by local dancers and musicians, including the Brooklyn Youth Chorus and the Brooklyn Ballet. The beautifully restored venue at 1027 Flatbush Avenue has also announced its lineup of 2015 concerts, which kicks off with Diana Ross and includes Crosby, Stills & Nash, Franki Valli and the Four Seasons, Sarah McLachlan and Gladys Knight. Diana Ross will headline the grand opening concert on February 3, and there will be a free open house tour of the theater on February 7, according to KensingtonBK.

Tickets for the free show on January 27 will be available on the Kings Theatre website starting January 20. Check out the full schedule here. We’re looking forward to seeing the interiors, which just underwent a $94,000,000 renovation led by developer ACE Theatrical Group and Martinez & Johnson Architecture.

Built in 1929, Kings was one of the five Loew’s “wonder theaters” constructed throughout New York and New Jersey. It shuttered in 1977 and remained abandoned until 2012, when the city selected ACE to revive it.

Photo by Matt Lambros

fort-greene-skyscrapers-010215

YIMBY has boldly predicted no real estate bust will occur until “the end of the decade.” YIMBY said: “We don’t expect to see a slowdown in gentrification…For better or for worse, we see 2015 shaping up a lot like 2014 but on steroids, with the current cycle having a few more years to run before petering out and turning to bust towards the end of the decade.”

We disagree; if there is a national real estate crash — perhaps brought on by the flameout of a large REIT — Brooklyn will crash too; if interest rates rise significantly, prices will decline. Those somewhat unpredictable events will be counterbalanced by demand in Brooklyn, which will continue. So absent a real-estate market implosion or rising interest rates, we believe, Brooklyn prices will keep on climbing, just like they have in Manhattan. Eventually, though, growth may slow.

Overall, YIMBY predicted recent trends will continue:

But we do expect to see trends that started over the past few years continue, as the city’s prime core, gentrifying fringe, and outer ring of immigrant growth and white flight all press forward in the face of minimal new supply.

In specific neighborhoods, YIMBY said:

To the south, we expect to see Flatbush, Sunset Park, and Kensington emerge as fast-gentrifying neighborhoods — Flatbush as the new Prospect Lefferts Gardens, Sunset Park as the new South Slope and Greenwood Heights, and Kensington as the new Windsor Terrace. Tension over growth should be most pronounced in Flatbush, where zoning is loosest — while we expect Hello Living’s 23-story tower at 1580 Nostrand, practically in East Flatbush, to have the same stellar design and affordable prices as Eli Karp’s other projects, we also see it riling up the left-leaning elements of Flatbush proper, much as 626 Flatbush Avenue did in Prospect Lefferts Gardens.

What do you think?

YIMBY’s Predictions for 2015 in New York City Real Estate [NYY]

21 linden blvd flatbush 122014

This unusual circa-1900 house, designed by architect F.L Lowe, according to the listing, has quite a few original details but needs work. Currently set up with four kitchens, although technically a three-family (but not an SRO), it did not sell earlier this year when it was asking $1,250,000 — or after a price cut to $999,000.

Now it has been relisted with new agents and a new price tag of $995,000. Note it is in Flatbush, not Prospect Lefferts Gardens, as the listing claims. Think the new ask will get the job done?

21 Linden Boulevard [Corcoran] GMAP

1212 ocean avenue kensington 112014

This two-bedroom co-op at 1212 Ocean Avenue in Flatbush doesn’t photograph well but that’s a good thing for buyers with a little vision. Beyond the clutter and flash lighting we see lots of prewar details and a lot of square footage (1,250) for the price ($285,000). In case you haven’t been following, $228 a foot for a prewar apartment is hard to find! Strong buy.

1212 Ocean Avenue, #6B [Fillmore] GMAP

144 martense street flatbush 112014

We dig the details and the seemingly low rent for this three-bedroom in Flatbush. There’s an attractive screen between the double parlors, and dark wooden panelling and moldings in the original dining room-slash-master-bedroom in the rear.

There are two large bedrooms that could fit queen size beds and one smaller one that could fit a full size bed, according to the broker. It’s a five-room apartment and all the bedrooms have windows, according to the listing, so that probably means one of the bedrooms, pictured above, doesn’t have a door.

The kitchen and bathroom aren’t updated, but they’re in good shape, the broker told us. I Do you think it’s a good deal for $2,200 a month?

144 Martense Street [Charles Rutenberg] GMAP