04/17/14 12:15pm

This renovated studio for rent in a Kensington co-op is bright white, new looking and relatively spacious. The L-shaped apartment has a bunch of white built-in wall units that offer tons of storage but give the space a somewhat clinical (or very modern) look. Those little built-in tables in the living area could function as desks or shelves, and there’s a walk-in closet.

The pad also has refinished parquet flooring and a newly renovated marble bathroom, as well as central heat and A/C. The downside is that it’s a one-year sublet that requires the hassle of co-op board approval. What’s your opinion of it for $1,650 a month?

135 Ocean Parkway [Stribling] GMAP

04/16/14 12:15pm

This three-bedroom near the Navy Yard is reasonably priced and close to Fort Greene Park. The 1,250-square-foot apartment has a nicely sized living and dining space with newly refinished hardwood floors.

There’s a washer/dryer in the basement and a shared backyard, as well as parking for a “low monthly fee.”  But despite the proximity to the park, the location has a few drawbacks: It’s down the block from the BQE and at least eight blocks from any train line. What are your thoughts on it for $2,900 a month?

119 Carlton Avenue, #2 [Corcoran] GMAP

04/15/14 12:15pm

This large one-bedroom, two-bath duplex loft in Bed Stuy seems perfect for a couple and could be workable for roommates. It’s 1,300 square feet but appears to have a completely open layout, meaning that roommates would probably want to build out separate bedrooms. Those 25-foot ceilings and the private terrace are highlights, as is the walk-in closet.

And the kitchen is equipped with a dishwasher and a washer/dryer. The unit is located in a 10-year-old condo building a block from the G at Myrtle-Willoughby and four blocks from the J/M at Flushing. Do you think it’s worth $2,200 a month?

895 Myrtle Avenue, #4A [Charles Rutenberg] GMAP

04/14/14 12:15pm

The newish (2005) condo building on Wyckoff near the Dekalb L train stop has a one-bedroom available for rent. The 520-square-foot pad comes with a balcony, an eat-in kitchen with a dishwasher, a washer and walk-in closet in the bedroom.

Oddly, the listing doesn’t mention a dryer. It’s on the second floor, and the building is a walk-up. What are your thoughts on it for $1,800 a month?

93-95 Wyckoff Avenue, #3C [Elliman] GMAP

04/11/14 9:00am


We’re sure you’re tired of hearing how expensive Brooklyn is getting, and the last market report out for the quarter only confirms it.

In a kind of good news-bad news scenario, prices per square foot in all of Brooklyn fell in the first quarter compared to the year before, while average prices for townhouses and other homes shot up amazingly in “emerging” Brooklyn — that is, Bed Stuy, Crown Heights, Prospect Lefferts Gardens and Bushwick. The 5 percent decline in average square foot prices (to $635) should be good news for priced-out buyers, but it’s really not.

The reason for the decline, according to the report from Corcoran, is that lack of inventory in the borough’s most expensive neighborhoods has pushed buyers into more affordable ones, such as Sunset Park, East New York and Coney Island.

It was the first drop in nearly two years, The Real Deal reported.

The category of home that is rising in price most quickly is one- to four-family townhouses. “The average price of a single-family townhouse grew to $2.2 million from $1.5 million year-over-year,” said The Real Deal. Median prices for new development also rose, increasing by 15 percent to $875,000.

You haven’t been imagining things: Townhouses in Bed Stuy, Crown Heights, Bushwick, and Prospect Lefferts Gardens saw huge price gains. The average price of a single family townhouse in these areas, which Corcoran now tracks as one submarket, increased 51 percent in the year, to $1,138,000 from $755,000. The average price of a two- to four-family townhouses increased 41 percent, from $760,000 to $1,074,000.

Perhaps because of the low inventory, the market share of northwest Brooklyn declined in the first quarter while areas in southern Brooklyn grew, to 30 percent from 18 percent over the year.

Here is Gawker’s take on the news:

Brooklyn used to be “cool.” Now Brooklyn is expensive and horrible. Here, based on the latest figures out today, is a fun bar trivia game to play: ask someone, “Do you know what the median rent in Brooklyn is?” Then, as they’re thinking about it, ostentatiously empty a container of cyanide into your beer….Nothing screams “a welcoming place of refuge for young people and their artistic youthful energy” like a $2,900 a month median rent.

How do you feel about it?

04/10/14 12:15pm

This three-bedroom, two-bath upper duplex in Fort Greene is attractively renovated and offers plenty of living space. The 1,300-square-foot apartment has beamed ceilings, original marble fireplaces, and a private entrance.

There’s an eat-in kitchen and a relatively large living room, as well as two nicely sized bedrooms upstairs with big closets, according to the listing. The kitchen has new appliances, and there’s a washer/dryer in the unit. Plus it’s a convenient location — close to Atlantic Terminal and not too far from Fort Greene Park.

And it’s FRBO, so no brokers’ fees! What do you think of it for $4,650 a month?

135 St. Felix Street, #2 [FRBO] GMAP

04/10/14 11:30am


Average sales prices in Brooklyn hit an all-time high in the first quarter, according to a report out today from trade association the Real Estate Board of New York (REBNY). In the world of condos, that meant an average condo sale is now $734,000, an uptick of 8 percent over the same period last year, the highest in all the boroughs.

Inventory was still low in the first quarter. Median sales prices for the quarter reached a six-year high while inventory declined to a six-year low in Brooklyn, said a report from Douglas Elliman. Listing inventory was 4,092 units for the quarter, down 13.2 percent vs. the same period last year. Days on market was 131, down 18.1 percent. The luxury median sales price shot up 8 percent, to $1,650,000.

The average sales price for one-to-three family townhouses in Brooklyn rose six percent, to $748,000, according to the report. The neighborhoods that saw the most sales were Bed Stuy, with 183 sales, Park Slope (142), Gravesend/Mapleton (105), East New York/Spring Creek (102), Bushwick/Wyckoff Heights (100) and Williamsburg, with 96 sales.

Brooklyn rents increased 6.39 percent in March, vs. the same period a year earlier, said a report out from MNS.

Graphic by Douglas Elliman

04/10/14 10:00am

166 smith street

The former MTA bunker and eyesore turned high-end rental building at 166 Smith Street is fully leased, according to a broker marketing the units. The apartments range from one-bedrooms to three-bedroom duplexes, and each one comes with private outdoor space equipped with lights, outlets and running water.

Dena Driver of Stribling tells us the building’s second duplex rented last week for $6,395 a month — down from its initial ask of $7,995. The Cobble Hill conversion hit the market last summer with asking rents from $4,750 for a one-bedroom to $7,995 a month for a three-bedroom.

Boerum Hill’s 166 Smith Street Officially Launches With Eight Units for Rent [Brownstoner]

04/09/14 12:15pm

This garden-level studio in Cobble Hill is nicely renovated, with a large kitchen and bathroom with subway tile. It’s an open plan floor-through with space in the middle that could be used for dining or sleeping. The decorative marble mantel is a nice touch too. And, of course, there’s the backyard. What do you think of it for $2,150 a month?

347 Clinton Street [Brown Harris Stevens] GMAP

04/08/14 12:15pm

This one-bedroom in Crown Heights might suit someone looking for a live/work space. There’s a brand new stove and oven, and we hope they’ll put in a fridge. The listing claims there’s a mezzanine, but we don’t see it in the photos.

It’s in a former mixed-use building with no residential C of O that appears to have been given residential status through the loft law, according to DOB records. No doubt you’ll hear the traffic and the LIRR rattling by outside, but it’s only half a block from the LIRR station and two blocks from the A/C at Nostrand. Do you think it’ll rent for $1,700 a month?

1236 Atlantic Avenue, #311 [Corcoran] GMAP

04/08/14 10:00am

A new six-story rental building next to the BQE in Sunset Park has begun leasing one-, two- and three-bedrooms. Although development plans have been in the works since 2007 for 314 52nd Street, construction finally began last fall at the corner site.

Town Residential is marketing the apartments, which start at $1,900 for a one-bedroom, $2,550 for a two-bedroom and $3,300 for a three-bedroom, two-bath. There are eight units on the market now, but the finished building will have 17, according to new building permits. Each unit has stainless steel appliances, including a dishwasher, a laundry hookup, and private outdoor space. Building amenities include a shared roof deck and parking available for an additional fee.

The developer is an LLC who bought the formerly vacant land for the surprisingly low price of $185,000 in 2012, property records show. Click through the jump for more interior photos.

314 52nd Street [Town Residential] GMAP


04/07/14 12:15pm

This two-bedroom, two-bath condo for rent at 560 State Street has lots of living space and was recently renovated. The 1,270-square-foot pad has new stainless steel appliances, two dishwashers and central air. The lofty ceilings and big windows don’t hurt either.

The building has a brick courtyard and laundry, and a different apartment here recently made the news for being Jay-Z’s former stash spot. (“Memorialized in contemporary music,” as the listing put it.)

Plus it’s only a block or two from all the subways at the Barclays Center. Luckily the windows are “noise-isolating,” according to the listing. What do you think of it for $4,100 a month?

560 State Street, #4A [Corcoran] GMAP