Commercial broker Chris Havens, left, interviews commercial developer Albert Laboz

Resistance to high rents in Bushwick and the dramatic impact of the end of the 421-a tax break were two hot topics industry insiders were talking about at the Brooklyn Real Estate Roundtable at the Brooklyn Historical Society Tuesday afternoon.

Brownstoner checked it out and mingled with developers, brokers, bankers, and architects, who gathered — as they do every quarter — to discuss the industry’s most pressing issues and hear movers and shakers talk about their projects.

Click through for Brownstoner’s favorite quotes, notable trends, and development updates. (more…)


Has the New York real estate market peaked? Agents are reporting a slowdown that started at the end of the summer: Sparsely attended open houses, properties sitting on the market with no offers, price cuts.

“Prices kept climbing and climbing, and the market started not being able to handle it. Sellers weren’t listening and just went too far, and now everybody’s taking a step back,” said a manager of a Brooklyn office for a major firm who requested anonymity because he wasn’t authorized by his company to speak on the record.

Buyers may have reached a limit to what they are willing or able to pay. The standard approach of adding 10 percent to the last sale price is no longer flying, agents told Brownstoner. They stressed they are not seeing a dip — and certainly not a crash — but a slowing of the intense acceleration in prices that has become the norm in the Brooklyn market since 2012. (more…)

793 Hancock Street Brooklyn

There’s a dearth of original detail in this week’s Top 10. The homes topping the chart all have modern renovations or are newer construction. And only two of the listings are located in what you might call “prime” Brooklyn. But lovely updated kitchens and exposed brick abound. There’s even a home with a porch swing.

Which would you choose? (more…)

Bedford Stuyvesant House for Sale -- 294 Clifton Place

Only two of last week’s Top 10 Listings returned to the roster this week. The new upstarts are just dripping with details — there’s a Park Slope home with a grand marble fireplace, a restored Cobble Hill condo, a Clinton Hill Queen Anne with a “wondrous” exterior, and a lovely shingle house in Beverly Square West that comes with a sweet (non-original) recording studio.

Which would you choose? (more…)

Brooklyn Changes Since 2004

In honor of Brownstoner’s Steel Anniversary, we asked a number of longtime Brooklynites — from borough bigwigs to longtime Brownstoner readers, in neighborhoods from Cobble Hill to Flatlands — for their thoughts on how Brooklyn has changed since the site was founded in 2004.

Here’s their take on gentrification, Brooklyn’s international reputation, the real estate market, Atlantic Yards and more. (more…)