The second phase of a rental development at 2750 East 12th Street and 1125 Banner Avenue, on the border of Sheepshead Bay and Brighton Beach, just launched. The new development has 45 studio, one-, two-, and three-bedroom units. Monthly rents range from $1,350 to $4,200. The first phase, at 2750 East 12th Street, launched in January. Back then, the leasing agent told us that “South Brooklyn is exploding, too… We are achieving an average of over $30 per square foot.” She tells us that they have already received a bunch of offers in the first week for the second phase, at 1125 Banner Avenue. The two buildings are connected by a sun deck on the second floor. The buildings share the sun deck, a gym, parking lot and resident super. Rentals Moving Quickly in Southern Brooklyn Too [Brownstoner] GMAP
This Sheepshead Bay Victorian needs a little redecorating to take it out of grandma land, but underneath the ruffles and frills we spy the bones of a good house. There is a sprawling porch, original moldings, the Victorian staircase, two stained glass windows and a clawfoot tub in the bathroom, and a fairly recently renovated kitchen. It’s not too far from the beach, either. Does $1,200,000 seem reasonable for the location and size? 2629 East 24th Street [Fillmore] GMAPP*Shark
It’s no surprise that the market is moving at lightning speed in brownstone Brooklyn. But a Corcoran broker filled us in on a new rental development on the border of Brighton Beach and Sheepshead Bay at 2750 East 12th Street that is pulling in high numbers too. Since launching this past summer the development reached the 75 percent leased mark. Prices on the available one, two, and three bedrooms range from $1,750 to $4,250 a month. 2750 East 12th Street has 56 units over 7 stories, and it’s attached to 1125 Banner Avenue, which is a 45 unit building over 12 stories. Leasing at 1125 Banner will launch this spring. The two buildings are connected by a sun deck on the second floor — the buildings share the sundeck, a gym, parking lot and resident super. As the leasing agent says: “South Brooklyn is exploding, too… We are achieving an average of over $30 per square foot.” You can see floorplans for 2750 East 12th Street at the building website. This post has been updated to reflect that 2750 East 12th Street and 1125 Banner will launch leasing at different times.GMAP
FEMA announced that Sheepshead Bay residents still without heat and hot water after Hurricane Sandy hit in late October will soon have their own nearby disaster recovery center provided by the federal relief group. According to the Brooklyn Daily, FEMA is scouting possible locations; likely the center will end up near public transportation. The center will provide info on government aid programs and allow people to register for assistance. Many residents in the area are still without heat, hot water or vehicles. Bay Improvement Group executive director Laura McKenna told the Daily, “We really feel like its overdue, but we’re happy to have it.” Feds: Sheepshead Bay Will Get Disaster Recovery Center [BK Daily] Photo by akhouses
This news from the blog Sheepshead Bites: Local Council Member Michael Nelson is working closely with City Council Speaker Christine Quinn, the Office of Emergency Management and Con Edison to expedite restoration of power to the neighborhood — but he’s also looking for residents to help out as well. According to Sheepshead Bites, “The councilman’s office is asking that those without power or who know of large buildings or blocks without power to email email@example.com or call Mary Scarfogliero at (917) 494-6208.” Please include the address of the property without power and, if you have it, the approximate number of tenants or apartments if it’s a large building or block, as well as either the management company contact information (including name and number), the superintendent’s name and number, or the name and phone number of the owner if it’s a private residence. With Power Still out, Councilman Puts Pressure on Con Ed [Sheepshead Bites] Photo by drpavloff
On Sunday, power had been restored to many areas in Southern Brooklyn and national aid had arrived. (Outside Brooklyn, the Rockaways and Staten Island remain in crisis, with many without power or water.) We checked out Brighton Beach Sunday afternoon, where we found the National Guard distributing water, blankets, diapers, and baby wipes, above. Down the block, a volunteer group gave out free clothes from a truck. Power was back on in most places and delis and groceries were open for business as usual. Debris had been gathered into piles dotted about the beach, which was mostly empty of people, but otherwise it looked pretty normal. Most buildings in the central area seemed to have already completed their basement cleanups, though a few were still siphoning out water and placing wrecked furniture on the sidewalks for pickup. Tensions seemed high; a fistfight almost broke out over a fender bender, we heard a lot of people arguing, and a woman said she was going to call the police because we were taking photographs. There was, of course, no subway service to the shore areas throughout Southern Brooklyn. Buses were running about every 20 minutes, and they were packed full.
The most high-profile of the local Brooklyn primaries last night was too close to call, the Brooklyn Paper reported. In the fight for Williamsburg’s Democratic district leader, Chris Olechowski was leading by 200 votes over one-term incumbent Lincoln Restler (pictured above) at midnight last night. Olechowski was supposedly hand-picked by embattled Assemblyman and former party boss Vito Lopez to take out Restler, seen as a reformer and longtime Lopez critic. Insiders claim Lopez got the Orthodox Jewish community to come out in force to vote for Olechowski, who has said he opposes gentrification. Restler has made a name for himself fighting for parks, community gardens and centers, and access to fresh food for underserved communities, among other things. Restler has been endorsed by Brooklyn Borough President Marty Markowitz, State Senator Daniel Squadron (D–Brooklyn Heights), and Representative Nydia Velazquez (D–Williamsburg). In other races, Walter T. Mosley won the Democratic primary for state Assembly in the 57th Assembly District, making it likely that he would replace Assemblyman Hakeem Jeffries in that role. Assemblyman Steve Cymbrowitz won the Democratic primary in Sheepshead Bay in a close race against challenger Ben Akselrod, according to the Brooklyn Daily. For more information on all the races, check out the Board of Elections Website. Photo from Lincoln Restler
1. GRAVESEND $2,728,000 400 Avenue U, #PH6EGMAPP*Shark
There wasn’t an exterior photo for this building on Property Shark and there also isn’t a listing on Streeteasy, but this sale is listed on ACRIS as a “single residential condo unit.” Entered into contract on 12/12/11; closed on 3/07/12; deed recorded on 3/23/2012.
2. PARK SLOPE $2,200,000 117 Lincoln PlaceGMAPP*Shark
As a HOTD, we thought this home was “in such nice shape that the asking price of $2,200,000 doesn’t seem aggressive given the prime location.” The only drawback noted was that the house is only 17 feet wide, but that obviously didn’t deter this buyer. Entered into contract on 11/14/11; closed on 2/09/12; deed recorded on 3/22/2012.
3. SHEEPSHEAD BAY $2,200,000 1930 East 14th StreetGMAPP*Shark
A one/two family house with either a garage or vacant land. Sold at $684 per square foot. Entered into contract on 12/10/11; closed on 3/09/12; deed recorded on 3/21/2012.
4. DUMBO $1,832,850 192 Water Street, #2EGMAPP*Shark
One of the first units that’s closed at the new Dumbo condo building. This particular unit is a three bed/two-and-a-half bath. It’s ask was $1,795,000. Entered into contract on 1/30/12; closed on 3/02/12; deed recorded on 3/19/2012.
5. FORT GREENE $1,775,000 185 Lafayette AvenueGMAPP*Shark No listing for this two-family home. Sold at $732 per square foot. Entered into contract on 10/31/11; closed on 3/05/12; deed recorded on 3/19/2012.
1. SHEEPSHEAD BAY $3,500,000 400 Avenue U, #PH5BGMAPP*Shark
We cannot find a Streeteasy listing for this development, not to mention a picture. But, ACRIS lists this as the sale of a condo unit. Entered into contract on 4/8/11; closed on 12/20/11; deed recorded on 2/8/2012.
2. BROOKLYN HEIGHTS $3,327,613.28 9 College Place, #4DGMAPP*Shark
Sales at the Love Lane Mews have really picked up steam. Streeteasy shows four units sold and six in contract. This particular unit had its listing pulled. Entered into contract on 12/2/11; closed on 1/17/12; deed recorded on 2/7/2012.
3. SHEEPSHEAD BAY $2,650,000 400 Avenue U, #402GMAPP*Shark
Another big condo sale at the mysterious condo building 400 Avenue U. Entered into contract on 10/7/11; closed on 1/17/12; deed recorded on 2/7/2012.
4. CARROLL GARDENS $2,010,000 534 Clinton StreetGMAPP*Shark The listing says: “Completely renovated three story single family townhouse in the heart of Carroll Gardens provides the ideal combination of a modern aesthetic with traditional neighborhood architecture and charm.” Ask: $2.2 million. Entered into contract on 11/16/11; closed on 1/12/12; deed recorded on 2/6/2012.
5. GOWANUS $1,320,000 158 14th Street StreetGMAPP*Shark
A cute, circa-1864, four-story home. Here’s the listing. It was asking $1,495,000 then dropped to $1,295,000 before entering contract. Entered into contract on 11/15/11; closed on 1/11/12; deed recorded on 2/6/2012.
The blog Sheepshead Bites is organizing an event called A Taste of Sheepshead Bay that’s taking place this Thursday. The event, which costs $25 in advance and $35 at the door, will feature samples from 20 neighborhood restaurants. According to the organizers, the point is “to put Sheepshead Bay back on the map as one of the city’s most diverse and delicious culinary hotspots.” A list of participating restaurants is here; it’s taking place at Baron DeKalb Knights of Columbus at 3000 Emmons Avenue. A Taste of Sheepshead Bay
PropertyShark put together a list of the top commercial deals in Brooklyn in the second quarter of the year, and the biggest sales were in Williamsburg and Clinton Hill. The most money paid for a building this spring was $27.2 million for the Williamsburg rental 44 Berry Street, which ING Clarion Partners purchased. The second-biggest buy was a group of investors’ purchase of the Clinton Hill development 163 Washington Avenue for $22 million; the building has since been launched as a rental. Rounding out the top five: 268 Bay 38th Street, a 140-unit Bensonhurst rental, sold for $20.5 million; 350 Hicks Street, a garage Continuum Health Partners owned while it operated LICH went to SUNY Downstate for $17.2 million; and a 113-unit apartment building at 2440 East 29th Street in Sheepshead Bay fetched $16.3 million.