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

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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

2224-2246 Vanderveer Pl, NS, PS 1

Brooklyn, one building at a time.

Name: Row houses
Address: 2224-2246 Vanderveer Place
Cross Streets: Flatbush Avenue and East 23rd Street
Neighborhood: Flatbush
Year Built: 1914
Architectural Style: Colonial Revival
Architect: Charles Infanger
Other Work by Architect: Mostly row houses in Crown Heights North, Prospect Lefferts Gardens, Bedford and Stuyvesant Heights. Also Ridgewood, Queens.
Landmarked: No

The story: The more I learn about Brooklyn, the more I realize how much more there is to learn. This site tends to focus more on the traditional 19th century brownstone neighborhoods, plus Victorian Flatbush and the former industrial areas of Dumbo and Williamsburg, so sometimes the wonderful diversity of the housing stock in areas not covered above goes unnoticed. I am always happy to feature new designs and new concepts in traditional row housing, as we’ve got so much of it. The early decades of the 20th century provide the most changes in how row houses evolved in the city. (more…)

2820-2900 Snyder Ave, NS, PS

Brooklyn, one building at a time.

Name: NYPD 67th Precinct, FDNY Engine 248-Battalion 41
Address: 2820-2900 Snyder Avenue
Cross Streets: Nostrand and Rogers avenues
Neighborhood: Flatbush
Year Built: 1971
Architectural Style: Brutalist
Architect: Unknown
Landmarked: No

The story: In the late 19th and early 20th centuries, both Brooklyn and New York City accorded their fire and police departments fine buildings. The philosophy was that these vital services reflected on the cities themselves, and should be architectural structures that did those cities proud. When visitors came here, any citizen, whether great or humble, could point to a police station or fire house and say, “This is what our city built for my safety and well-being. Aren’t they beautiful and impressive?”

When Brooklyn became part of Greater NYC, that tradition continued. Some of our finest architects vied for the privilege of designing stations that are today beloved and protected landmarks. These stations were so valued that despite changes in policing or firefighting, many of them were remodeled and are still in use. (more…)

123 on the park 6

Half the apartments at the converted Caledonian Hospital at 123 Parkside Avenue in Flatbush have been leased, according to PR reps for the development. 123 on the Park, as it is known, kicked off leasing in early June with studios, one-, two- and three-bedrooms priced between $2,200 and $3,800.

The seven-story, 119-unit building features a roof deck, courtyard, yoga room, gym, media room and doorman. Apartments have stone countertops, hardwood floors, washer/dryers, central air and stainless steel appliances. Developers are The Chetrit Group and Clipper Equity.

Flatbush’s 123 on the Park Starts Leasing [Brownstoner] GMAP
123 on the Park [Aptsandlofts.com]

2835 bedford avenue flatbush 82014

For apartment hunters looking for value, they could do a lot worse than to explore the part of Flatbush around Brooklyn College. There are lots and lots of prewar buildings and houses — and the campus itself is beautiful. This new listing at 2835 Bedford Avenue, for example, has 1,100 square feet of space and lots of original details. It’s only got one bathroom and a pretty unsexy kitchen but for $299,000, this appears to qualify as a good deal these days.

2835 Bedford Avenue, #4B [Corcoran] GMAP

kings theater restored ceiling matt lambros

After forty years of abandonment, the Loew’s Kings Theatre in Flatbush will re-open in January 2015 with newly restored interiors and 3,000 seats, according to a press release spotted by Gothamist. The theater will host more than 200 performances a year across a variety of genres, including comedy, theater, dance, and popular music. Designed by Rapp and Rapp, the theater opened in 1929 and featured high curved ceilings, ornate plater walls, gold-leaf ornament and crystal chandeliers, all of which have been restored or faithfully recreated.

Martinez+Johnson Architecture, who have restored historic theaters across the country, are leading the two-year-long restoration project. The theater closed its doors in 1977, was acquired by the city in 1983, and sat collecting dust at 1027 Flatbush Avenue until restoration work began last year. GMAP

Loew’s Kings Theatre In Brooklyn Will Reopen Next Year [Gothamist]

Photo by Matt Lambros of After the Final Curtain via Facebook

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A little gray wood frame house sandwiched between tall apartment buildings at 1191 Ocean Avenue in Flatbush has sold as a development site for $2,250,000. The 42.5-by-100-foot lot was on the market for less than four months and went $300,000 above ask, according to real estate firm TerraCRG, which brokered the sale.

Plans to replace the turn-of-the-last-century two-story house with a seven-story, 26-unit building have already been approved. A schematic can be seen on TerraCRG’s website. The property is located between Farragut Road and Glenwood Road close to Brooklyn College. It was delivered vacant. A demo permit was approved in May.

Photo by Google Maps

flatbush trees

Local blogger Tim Thomas, who writes the Q at Parkside, is raising money to refurbish the dented and aging “Flatbush Trees” at the corner of Flatbush Avenue, Ocean Avenue and Empire Boulevard. Thomas and the artist behind the sculpture, David Eppley, are seeking $10,000 for materials and equipment to build the project, which is called “Spring Comes to the Flatbush Trees.” (more…)